markets

Luke Kawa10/30/24

Trump Media falls by most since opening week after bearish options bets pile up

Shares of Trump Media & Technology Group fell as much as 24% on Wednesday in what’s shaping up to be their worst session since their first week of trading: an April day when news broke that at least one of the people who took the company public intended to plead guilty to securities fraud.

It sure looks like options traders took advantage of Tuesday’s 8.8% gain to place bets that the party would soon be over — or at least be interrupted. Open interest in puts climbed by over 180,000 contracts on Tuesday, by far the biggest one-day jump on record. More puts than calls traded for the first time in over a month.

We’ve been seeing some massive price action with DJT lately in monumental volumes. On Monday, the stock jumped more than 20% and traded more dollar volume than the most active small-cap ETF, reaching a market capitalization that exceeded Fidelity’s estimate for the value of Elon Musk’s X. For an encore, the stock traded more dollar volume than any other US stock in the premarket on Tuesday (and more than twice as much as Nvidia!) and set crushed the previous day’s record for volume traded.

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Credit markets have a “debt” problem, not a “risk” problem

We’re getting a lot of borrowing, and that borrowing is risk-reducing (for now!)

New York City Architecture And Monuments

Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

Web Summit Vancouver 2026 - Day Three

markets

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

Floridians Seek Employment Opportunities At Job Fair In Sunrise

Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

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