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REUTERS/Lucas Jackson The short-volatility trade that imploded earlier in February had all of Wall Street talking about how it worsened the stock market correction. Still, Morgan Stanley says short-volatility investors should be able to rebuild their positions, but they should be patient. Don’t call it a comeback. Less than a month after the controversial short-volatility […]
Quinn Rooney/Getty Images The Winter Olympics concluded on Sunday with the ladies’ 30km mass start classic. Teresa Stadlober of Austria was in a good position to win a medal when she took a wrong turn. The wrong turn took her up a hill and by the time she figured out what happened, she fell from […]
Thomson Reuters Traders are piling back into the short-volatility trade that imploded earlier this week. Assets under management by the ProShares Short VIX Short-Term Futures ETF have more than doubled since Tuesday. Wall Street is unpredictable by nature, but this is one for the books. Traders are pouring back into the trade that imploded earlier […]
Maddie Meyer/Getty Tom Brady does brain exercises that are meant to help people with brain conditions. Brady believes that he has seen an improvement in his brain function and that it can be treated like physical training. Brady has revealed before that he does brain exercises to stay sharp and to relax after games. At […]
Reuters On a private Bank of America conference call, one healthcare industry insider explained how secret relationships within the industry contributed to the high cost of pharmaceuticals. The relationships he described included a bunch of players, such as charitable organizations and pharmacy benefit managers — industry middlemen supposed to keep drug prices low. Washington is […]
John Moore / Getty Images The US Securities and Exchange Commission has filed charges against Robert Shapiro, alleging he bilked investors — many of them senior citizens — out of $ 1.2 billion as part of a Ponzi scheme. The SEC says it has frozen all remaining assets as it pursues its case, which includes […]
– The Chevrolet Corvette is rounding the corner this year on its 65th year of production, and although it, like many Corvette owners, is now old enough to sign up for Medicare, it doesn’t feel any longer in the tooth. In fact, it may be the best it’s ever been. A thunderous 455-hp V-8 provides […]
Representatives from Facebook, Google, and Twitter testified in Congress this week regarding alleged Russian interference in last year’s election. The tech companies’ CEOs declined to show. The companies’ lawyers failed to reassure legislators and the public that the companies are prepared to fix the problems that allowed people and groups linked to Russia to abuse their platforms. […]
IBN/screenshot The Powerball lottery has reached a staggering jackpot of $ 700 million ahead of Wednesday’s drawing. The prize is the second-largest in history, behind only the $ 1.6 billion won by three entrants in January 2016. While buying a ticket may seem tempting, the numbers suggest that it almost certainly isn’t worth it. But […]
Skye Gould/Tech Insider The moon is no small object, something that the solar eclipse of August 21 illustrates in stunning detail. And though it’s implausible, the destruction of that object would be devastating. It’s no spoiler to say that in Neal Stephenson’s 2015 novel “Seveneves” — a fictional exploration of this very idea — the […]
