AI Bias Analysis
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Short seller Andrew Left told jurors in his securities fraud trial that his public comments about Tesla Inc. and other companies featured in his indictment never contradicted the short or long positions he took in their stocks, rebutting a key element of the government’s criminal case.
Source
Bloomberg Markets
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Sam McKinney, KeyBanc Capital Markets vice president and equity research analyst, said that while US steel mills have mostly hedged rising electricity costs with long term contracts, they are impacted by increasing diesel prices to ship steel by truck and rail route. On the other side of the coin, steel hasn't seen a drop in value in in the face of the war, as investors look to steel stocks to hedge against inflation. (Source: Bloomberg)
The Dow turns 130 years old, and despite its recent underperformance, it still remains relevant to most investors.
Options volumes leaned bullish in both the SPDR Gold ETF (GLD) and VanEck Gold Miners ETF (GDX) on Tuesday.
Enhanced Group Inc. shares fell to an all-time low after its inaugural sports-entertainment event was marred by technical problems and questions over its only world-record performance, disappointing investors weeks after its public listing.
