Leon Cooperman, the 77-year-old billionaire chief executive of hedge fund Omega Advisers, has a lot of thoughts on the stock market. Or, as he puts it, three stock markets.
The second market is what he calls the Robinhood market, referring to the zero-cost stock brokerage where young, retail investors play, bidding up bankrupt or struggling companies like Hertz HTZ, -3.98%, American Airlines AAL, +2.32% and Eastman Kodak KODK, +1.00%. “Look, [billionaire investor] Carl Icahn is no fool. He’s a brilliant guy. He’s done a fabulous job in running his own financial affairs. He sold his mistake in Hertz [for] 72 cents a share.
A CNN poll found viewers thought Biden did better by a 60%-to-28% margin — a nearly identical view of the first 2016 presidential debate, in which viewers thought former Secretary of State Hillary Clinton beat Trump by a 62%-to-27% margin. Speaking of Clinton, Director of National Intelligence John Ratcliffe on Tuesday declassified a Russian intelligence assessment alleging Clinton in 2016 was trying to stir up a scandal by tying Trump to Putin.
Data analytics company Palantir Technology’s PLTR, direct listing is due to start trade on Wednesday.Regeneron REGN, -1.34% said its trial antiviral drug cocktail reduced the coronavirus load and the time needed to ease symptoms in non-hospitalized patients with COVID-19. Moderna MRNA, +3.34% late on Tuesday said early-stage data suggest its COVID-19 vaccine can generate neutralizing antibodies in older and elderly adults at levels comparable to those in younger adults.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Check out my Gig on Fiverr: Do You Want To Make 3d Animated Logo Intro Video In $5 ? Contact Me : Logo Animation 3D Logo Animation Top Logo Animation Best Logo Animation
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
3 reasons why the stock market is overly concerned about US election fallout, JPMorgan says | Markets InsiderAn election judge directs voters outside a polling place in the Pearl Park Recreation Center on August 11, 2020 in Minneapolis, Minnesota Stephe... 'Despite broad public support, raising the minimum wage is always difficult owing to the disproportionate influence that wealthy firms and donors have in Congress.' Angus Deaton. 9 mths Pandemic COVID-19 predict worse than The Great Depression. FAANGS shd pay fair taxes Check out my Gig on Fiverr: Do You Want To Make 3d Animated Logo Intro Video In $5 ? Contact Me : Logo Animation 3D Logo Animation Top Logo Animation Best Logo Animation GREEN 🌎 NEWS
Source: BusinessInsider - 🏆 729. / 51 Read more »
Investors Ramp Up Bets on Market Turmoil Around ElectionIn markets from stocks to currencies, investors are betting on one of the most volatile U.S. election seasons on record, wagering on unusually large price swings. AmrithRamkumar TRUMP2020ToSaveAmerica How can someone pick Biden when this man can't even speak two sentences? Ask yourself what Biden did within 40 years in politics? Zero! Actually gave Iran billion of dollars and still from Ukraine. Great achievement AmrithRamkumar Parasite's moves show concern about host's flow of 'surplus*' value *characterized as extra but are really redirected from the ones who are doing the actual work and actually need it AmrithRamkumar Its absolutely asinine that if the election is in the beginning of November and Inauguration isn’t until mid January, that we can’t take our time counting the votes and release the results mid or end of November. Haste makes waste
Source: WSJ - 🏆 98. / 63 Read more »
Stock market ends lower, halts 3-session string of gains as Wall Street awaits Trump-Biden face-off later TuesdayU.S. stocks snapped a three-session mini streak of gains on Tuesday, as investors found few reasons to push equity benchmarks to further gains ahead of a key...
Source: MarketWatch - 🏆 3. / 97 Read more »