Le’Veon Bell got lots of money from Jets for little work, but still sold himself short

If the goal was to obtain the most amount of money in exchange for the least amount of football, then certainly Le’Veon Bell scored big.

When he was released Tuesday by the Jets — the organization declaring it was “in the interest of both parties” — he had received $28,031,250 in exchange for 17 games, 264 carries, 69 receptions, four touchdowns and 1,363 net yards gained.

You may divide any of those football statistics into his exorbitant paycheck and get a staggering quotient. For instance: $20,565.84 per yard. That 2-yard run on the Jets’ second play from scrimmage in Sunday’s ludicrous 30-10 loss to the Cardinals’? That was $41,131.69 right there.


WEEK 6 PICKS: Straight up | Against the spread

If the goal was to be a successful professional football player and maximize his earning potential as well as his athletic accomplishments, however, no one should pretend Bell did

Read More

Read More

Underground insulin exchanges emerge as workers lose jobs amid pandemic, insurance co-pays fall short

DENVER — D.j. Mattern had her Type 1 diabetes under control until COVID-19’s economic upheaval cost her husband his hotel maintenance job and their health coverage. The 42-year-old Denver woman suddenly faced insulin’s exorbitant list price — anywhere from $125 to $450 per vial — just as their household income shrank.

She scrounged extra insulin from friends, and her doctor gave her a couple of samples. But, as she rationed her supplies, her blood sugar rose so high that her glucose monitor couldn’t even register a number. In June, she was hospitalized.

“My blood was too acidic. My system was shutting down. My digestive tract was paralyzed,” Mattern said, after three weeks in the hospital. “I was almost near death.”

So she turned to a growing underground network of people with diabetes who share extra insulin when they have it, free of charge. It wasn’t supposed to be this way,

Read More

Read More

Speculators Cut Short Dollar Bets to Lowest Since July -CFTC, Reuters | Investing News

NEW YORK (Reuters) – Speculators reduced their net short dollar positions in the latest week to the lowest level since late July, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday.

The value of the net short dollar position fell to $28.35 billion in the week ended Oct. 6, compared with a net short of $30.47 billion the previous week. U.S. net shorts hit a more than nine-year high of $33.68 billion in late August.

U.S. dollar positioning was derived from contracts of International Monetary Market speculators in the Japanese yen, euro, British pound, and Swiss franc, as well as the Canadian and Australian dollars.

In a broader measure of dollar positioning

that includes net contracts on the New Zealand dollar, Mexican peso, Brazilian real, and Russian ruble, the U.S. dollar posted a short position of $28.56 billion, down from net shorts of $30.41

Read More

Read More

$543 Million In Short Positions For The Macerich Company (NYSE:MAC)


At $1.03 billion market cap, The Macerich Company (NYSE:MAC) is a leader in shopping mall real estate ownership. Malls and physical retail were already experiencing a declining trend before COVID-19. Now, the future of shopping real estate is even more uncertain. Based on fundamentals, our long-term recommendation is to underweight. However, be on guard for a potential short squeeze as this could send the price in a violent move upwards, making Macerich a speculative buy if the price breaks resistance levels.

Macerich Provides COVID-19 Update


A company in the podium of retail real estate ownership

The company is widely considered the 3rd largest shopping center owner & operator in the United States. With 52 prime properties, Macerich manages high-quality malls from coast to coast in top locations. The company classifies its properties in three segments: 32 major markets, 17 regional centers, and 3 outlets.

One third of the revenues come

Read More

Read More

Retail Demand for BTS’ Label Shares Strong but Falls Short of Expectations | Investing News

SEOUL (Reuters) – Big Hit Entertainment, the management label for K-pop sensation BTS, saw robust but not spectacular demand in the first of two days of share offerings for retail investors, with sentiment hurt by increasing talk that the band’s members may have to complete military service.

In South Korea, all able-bodied men aged 18 or above are obliged at some point to serve in the military for about 20 months.

But there has also been discussion within parliament that the band, which has just become the first South Korean group to reach No.1 on the U.S. Billboard Hot 100 singles chart with the song “Dynamite”, could be granted an exemption as it has successfully promoted the country’s image abroad.

Individual investors on Monday submitted orders for 89.6 times the amount of stock made available to them worth some 8.6 trillion won ($7.4 billion), said lead arranger NH Investment &

Read More

Read More

China’s iQIYI: Internal Report Refutes Short Seller’s Allegations

Shares of iQIYI  (IQ) – Get Report rose Monday after the Chinese online entertainment company said an internal review had refuted a short seller’s allegations that it inflated revenue and user numbers.

It also said it will continue to cooperate with a Securities and Exchange Commission inquiry.

Iqiyi American depositary receipts recently traded at $23.49, up 2.8%. The stock has climbed 11% year to date.

In April, short seller Wolfpack Research accused iQIYI, which competes with Tencent  (TCEHY) , of inflating its 2019 revenue by some $1.13 billion to $1.98 billion, or between 27% and 44%.

Iqiyi, which is 56% owned by Chinese internet titan Baidu  (BIDU) – Get Report, also inflated its expenses, the prices it pays for content, acquisitions and other line items to burn off fake cash positions and hide the fraud from investors and auditors, Wolfpack said.


Read More

Read More

Buy Lam Research And Sell Short Gilead

The market cycles are in a bottoming phase. However, October is the most volatile month, has brought the largest one-day declines, but has usually closed on the upside. Bullish sentiment was only partially doused by the correction. This month and the quarter are likely to close out on the upside but a large short-term decline cannot be ruled out.

Here are two stock recommendations for the short term.

Lam Research is entering a cycle buy phase. The daily cycle turns up on the 6th and tops on October 15th. Seven of the last eight cycles have been profitable over the last year. The weekly cycle (87% profitable) and the monthly cycle (80% correct) are also rising. Seasonality is supportive of higher prices. The stock has risen in the month of October 64% of the time, the strongest month in any year.  

Read More

Read More

Money short for effort to ID Panama victims of US invasion

PANAMA CITY (AP) — A commission in Panama charged with identifying the remains of some victims of the 1989 U.S. invasion of the country said Friday it is in danger of running out of funding.

The effort that began with exhumations in January has lifted the hopes of Panamanians who had relatives die or disappear and have lived with unanswered questions about their fate for 30 years.

José Luis Sosa, the executive secretary of the December 20 commission, said the group is X-raying and extracting DNA samples from about 33 remains. But Sosa said the work could be interrupted when funds run out in November. About 514 Panamanian soldiers and civilians were killed in the invasion, as well as 23 U.S. troops. Human rights groups believe the number of Panamanian dead could be higher.

“There is no sense in having the commission open if it is not able to perform

Read More

Read More

Updated: SPAC returns fall short of traditional IPO returns on average

We’ve updated our July blog post for quarter-end returns and new commentary.

In the third quarter, a record-breaking 83 SPACs raised $30.6 billion, the latest in a growing list of milestones for the increasingly popular IPO alternative. The space is hotter than ever, but SPAC returns post-merger continue to undermine the growing hype. If investors don’t see performance improve, this year’s record SPAC proceeds may only be matched by the record amount of money they give back in two years due to redemptions and liquidations.

Key takeaways

  • 2015-2020 SPAC IPOs have underperformed post-merger
  • SPAC mergers in 2019-2020 have outperformed those in 2016-2018
  • SPACs with pending mergers have performed better than SPACs post-merger
  • Larger SPAC mergers have outperformed smaller transactions
  • Healthcare and tech-focused SPACs have outperformed; energy has underperformed

Of the 313 SPACs IPOs since the start of 2015, 93 have completed mergers and taken a company public. Of these,

Read More

Read More

CANADA FX DEBT-C$ posts 10-day high as investors short the currency take profit

(Adds strategist quotes and details throughout; updates prices)

* Canadian dollar rises 0.3% against the greenback

* Price of U.S. oil falls 3.7%

* Canadian manufacturing PMI rises to highest since August

* Canadian bond yields ease across a flatter curve

By Fergal Smith

TORONTO, Oct 1 (Reuters) – The Canadian dollar strengthened
against its U.S. counterpart on Thursday, as domestic data
showed factory activity expanding in September at its fastest
pace in more than two years and short sellers covered their

The loonie was trading 0.3% higher at 1.3280 to the
greenback, or 75.30 U.S. cents, having touched its strongest
intraday level since Sept. 21 at 1.3268.

It was the second straight day that the loonie has rallied,
after the move higher in USD-CAD since the start of September
peaked on Wednesday at 1.3420, which was an eight-week high.

“I think we had some profit taking (on

Read More

Read More