Traders fear another Black Monday — market data says don’t worry
As financial market speculators spent the weekend predicting a Black Monday repeat performance, stock futures opened modestly higher.
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12 stories, newest first
— Kospi, South Korea
KOSPI erases an entire year’s worth of South Korean GDP
AI stocks Samsung and SK Hynix rode Korea’s KOSPI stock market to a record high and now account for 70% of its drawdown.
Strategy dips on bad MSCI World Index news
A powerful committee adopted “non-operating company” rules that could remove Strategy from the prestigious MSCI World Index.
CoreWeave halved since joining Nasdaq 100 as insiders sold $740 million
Insiders have dumped hundreds of millions of dollars of CoreWeave stock as shares have dropped more than 46% since it joined the Nasdaq 100.
XRPN took shareholder vote with no knowledge of XRP inflation bug
Evernorth brought millions of XRP to the Nasdaq via XRPN on a fixed-supply thesis that was actually already broken in a secret inflation bug.
Robinhood CEO Vlad Tenev sold his Class A stock to zero… again
Robinhood CEO Vlad Tenev has sold his Class A stock down to zero, but somehow that exact same headline keeps repeating.
Nike overpaid $7.9 billion buying back its own stock
The opportunity cost of Nike’s stock buybacks now reaches nearly $8B, and its repurchase program is on pause with $5.9B left.
Nike warns of layoffs as stock hits 13-year low
After nearly 18 years, the S&P 100 Index has dropped Nike as a constituent amid falling sales, profitability, and headcount.
Strategy copycat Satsuma crashed 99%, liquidated treasury
Mark Moss’ Satsuma Technology sold all 669 of its BTC and will return £30.7M after the company crashed 99% from its 2025 peak.
Forget crypto or AI, oil tanker ETF BWET is up 5,100%
The next-best-performing ETFs rank far below BWET on a year-to-date basis and derive their gains from levering-up single stock performance.