Billionaire investor Carl Icahn made $1.3 billion from his bet against shopping malls in the first half of the year.
The famed investor that founded Icahn Enterprises lost almost $2 billion on his stake in car rental company Hertz, after it filed for bankruptcy in May. Billionaire investor Carl Icahn made $1.3 billion from betting against shopping malls in the first half of the year, using an instrument that many still associate with the 2008 financial crisis. His firm, Icahn Enterprises, said this windfall was a result of a short position on commercial mortgage-backed securities.
Investors expecting a rise in mall defaults purchase credit-default swaps and subsequently push the CMBX 6 lower. As the index tumbled, Icahn's swaps gained in value.
Hmm
Good for him, betting on easily predictable economic & human carnage and coming out a 'winner' in an effectively rigged game that only he and a few of his Fascist friends have access to. What a guy! -Someone should name a toxic waste-dump after him.
What’s the French word for guillotine?
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
Inside Equifax's cloud migration and digital transformation strategy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »
The pros and cons of having a YouTube talent manager, according to 2 creators - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »
TikTok launched a TV app for Amazon Fire TV - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »
Business Insider's best investing stories of the week ended August 11 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »
Illinois makes it a felony to assault retail workers over mask mandates - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Isn't it already a felony to assault someone? GavinNewsom CA should definitely implement this as well.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »