The $70 Million Trade: Insider Information Suspected in Record-Breaking Market Move
A mysterious trader turned $2.5 million into $70 million in under an hour through perfectly-timed options trades before market-moving Trump news. The suspicious timing and unprecedented profits have sparked calls for increased scrutiny of zero-day options trading and market information flows.
Trump Ally Warns of Economic Catastrophe Over Sweeping New Tariff Policy
Billionaire Bill Ackman and other prominent business leaders caution that Trump's aggressive new tariff plan could trigger severe economic fallout. The policy imposes duties up to 50% on global imports, sparking market turmoil and threats of retaliation from trading partners.
U.S. Credit Card Defaults Surge to 14-Year High, Signaling Consumer Financial Strain
Credit card defaults have reached their highest level since 2010, with lenders writing off $46 billion in seriously delinquent loans during the first nine months of 2024. The sharp rise in defaults, particularly among younger and paycheck-to-paycheck borrowers, points to mounting pressure on household finances after years of high inflation.
Biden Backs Congressional Stock Trading Ban, Questions Lawmakers' Ethics
President Biden has publicly endorsed efforts to prohibit members of Congress from trading stocks, marking his first clear stance on this contentious issue. The President's support bolsters the ETHICS Act, which would prevent lawmakers and their families from buying stocks while serving in Congress.