Shares of NVIDIA Corporation (NASDAQ: NVDA) traded slightly lower on Thursday, but the stock has been among the top performers in the market so far in 2020.Despite concerns over the economic impact of a potential second wave of coronavirus infections, investors have been piling into Nvidia stock this year. Even with the stock up 55.7% year-to-date, one option trader made a big bet that there's more upside ahead in the next week.The Nvidia TradesOn Thursday morning, Benzinga Pro subscribers received four option alerts related to unusually large Nvidia option trades: * At 9:30 a.m. ET, a trader bought 1,020 Nvidia call options with a $365 strike price expiring on Jun. 26. The contracts were purchased near the ask price at $13 and represented a $1.32 million bullish bet. * At 9:35 a.m. ET, a trade was executed for 300 Nvidia call options with a $370 strike price expiring on Friday. The...
Mall owner Taubman Centers, Inc. (NYSE: TCO) is taking legal action and says Simon Property Group Inc (NYSE: SPG) has no right to terminate the merger agreement between the companies. What Happened: Simon agreed to acquire Taubman for $3.6 billion, or $52.50 per share, in February. The larger mall owner is looking to break the deal due to the COVID-19 pandemic.On Wednesday, Taubman filed a counterclaim and said Simon is having "buyer's remorse," CNBC's David Faber reported on "Squawk on the Street.""The Simon Parties agreed to a series of merger transactions with the Taubman Parties ... on February 9, 2020, at a time when the parties and the world were well-aware of the risks of the novel coronavirus pandemic," Faber quoted the legal papers as stating.Taubman further argues that Simon Properties agreed to accept risks related to the pandemic.Why It's Important: Simon's original legal complaint includes a "weak" argument, but that...
Vice President & General Manager at NI's Aerospace, Defense & Government Business Unit Luke Schreier joins Yahoo Finance’s Zack Guzman to discuss how NI is aiming to accelerate the space race. ...
"There are no bad days in the market. When the market is down, you’ve got bargains, and it’s lovely to think of what you are buying at low prices. When the market is up, the bargains have gone, but you’re rich.” BRUCE GREENWALD (FIRST EAGLE FUNDS) This past Thursday, investors decided that their beliefs that […]...
(Bloomberg) -- Barry Sternlicht’s Starwood Capital Group missed two monthly payments on securitized debt tied to five shopping malls anchored by bankrupt department stores including Sears and J.C. Penney.The delinquent May and June payments are further signs of the damage wrought by the Covid-19 pandemic and economic shutdown, especially to retail. The missed payments total $2.7 million on the $549 million commercial mortgage-backed security, according to data compiled by Bloomberg.Debt delinquencies have soared for mall owners, which lost market share to e-commerce and were hit with tenant bankruptcies even before the pandemic forced shoppers and diners to stay home. By last month, more than 9% of retail commercial mortgage-backed securities were managed by special servicers, the workout firms that handle delinquent debt, up from about 5% before the pandemic, according to property data firm Trepp.Landlords collected an avserage 61% of rent from retail tenants in June, down from 88% in March...
The Corcoran Group Founder and Shark on ABC’s Shark Tank Barbara Corcoran joins Yahoo Finance’s Zack Guzman to break down her thoughts on Nikola as the company takes on Tesla....
