JPM Sep 2023 80.000 put
| Previous close | 3.6500 |
| Open | 1.7100 |
| Bid | 2.4500 |
| Ask | 2.6400 |
| Strike | 80.00 |
| Expiry date | 2023-09-15 |
| Day's range | 3.6500 - 3.6500 |
| Contract range | N/A |
| Volume | |
| Open interest | 4.86k |
- Yahoo Finance Video
Block analyst calls Hindenburg short-seller report 'inappropriate'
Block (SQ) shares are under pressure after falling 15% on Thursday, as investors continue to digest Hindenburg's latest short-seller report that targeted the company. The report accused Block of misleading investors by overstating user numbers and says it's been ignoring fraudulent payments. While the report offers details of alleged wrongdoings by Block, some Wall Street analysts are not buying into it. "There were a lot of undertones in that Hindenburg report which I didn't like, and I thought were inappropriate as well," Dan Dolev, Mizuho Senior Financial Technology Analyst, told Yahoo Finance. Dolev points out that there are likely similar things going on in payments apps Zelle and Venmo (PYPL). "To a certain extent, these things happen everywhere." The stats that Hindenburg used to back up its accusations actually show the company has a "good hit rate" Dolev says. "I don't think this is actually a valid argument. ...The numbers speak for themselves." You can watch Yahoo Finance's Brad Smith and Jared Blikre's entire interview with Dolev here. Key Video Moments 00:00:01: Hindenburg 'singled out' the Cash app 00:00:33: 'Inappropriate' findings in the report 00:00:52: Block's 'hit rate' around fraudulent activity 00:01:25: Block's gross profit
- Bloomberg
JPMorgan’s Mystery ‘Nickel’ Rocks: The Hunt for Clues Begins With a Kick
(Bloomberg) -- The revelation that about $2 million of “nickel” on the London Metal Exchange was actually just bags of stones has thrown a spotlight on the sprawling web of warehouses and metal stashes underpinning the billions of dollars of derivatives traded daily on the LME.Most Read from BloombergDeutsche Bank Drops in Selloff Citi Describes as Irrational‘Zoom Towns’ Exploded in the Work-From-Home Era. Now New Residents Are Facing LayoffsRussia Seeks 400,000 More Recruits as Latest Ukraine P
- Zacks
State Street (STT) Enters Deal to Acquire CF Global Trading
State Street (STT) signs an agreement to acquire CF Global Trading, a firm that specializes in outsourced trading.
