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'There is no reason to treat the crypto market differently from the rest of the capital markets just because it uses a different technology': SEC chief Gary Gensler

‘There is no reason to treat the crypto market differently from the rest of the capital markets just because it uses a different technology’: SEC chief Gary Gensler

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““We can get rid of the idea that crypto loans are not subject to regulation. Rather, the rules have been around for decades. The platforms don’t follow them.’” — Gary Gensler, Securities and Exchange Commission What do automakers have to do with crypto lending platforms? Consumers and investors deserve protection — that applies to both …

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'Squashed like a bug': distressed bond manager makes multi-billion dollar bet against Tesla

‘Squashed like a bug’: distressed bond manager makes multi-billion dollar bet against Tesla

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Scott Burg, the chief investment officer of Deer Park Road Management Co, who predicted that Tesla would become “crushed like an insect” in a 2020 tweet, he bought put options on nearly 4.8 million Tesla shares in the second quarter, according to a regulatory filing this week, Bloomberg and Barron’s reported. The stock backed by …

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Ryan Cohen cashed in on Bed Bath & Beyond stock for over $58 million in profit; stocks plummet again

Ryan Cohen cashed in on Bed Bath & Beyond stock for over $58 million in profit; stocks plummet again

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Investor Ryan Cohen has confirmed that it will acquire its entire stake in retailer Bed Bath & Beyond Inc. sold for a profit of more than $58 million, and that its shares plunged for the second consecutive day in after-hours trading on Thursday. A filing with the Securities and Exchange Commission made public after markets …

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This line with a perfect track record says the market hasn't bottomed out yet, says Bank of America star analyst

This line with a perfect track record says the market hasn’t bottomed out yet, says Bank of America star analyst

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Rules are there to be broken. That might be a standard mantra for anarchists. But for traders, such thinking can prove dangerously dismissive. Investors should therefore consider the latest note from Bank of America’s Savita Subramanian, in which the star analyst describes how “one line with a perfect track record says the market hasn’t bottomed.” …

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Has the Fed 'Misinterpreted' Stock Market Again? What strategists say about the reaction to the July minutes

Has the Fed ‘Misinterpreted’ Stock Market Again? What strategists say about the reaction to the July minutes

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Minutes from the Federal Reserve’s July meeting — at which policymakers raised benchmark interest rates by 75 basis points — indicate that stock market participants were pricing in a “less aggressive” policy outlook too quickly, some strategists argued Wednesday. Federal Reserve officials agreed in July that it was necessary to raise their benchmark interest rates …

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