Berkshire trails red-hot S&P 500 by biggest margin so far this year
Berkshire’s widely held B shares are now running 16.3 percentage points behind the benchmark index year-to-date, the biggest gap so far in 2026. Source link
Investing
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Rally in chip stocks becomes the most hated in history. Here’s the data
The Micron Memory Japan K.K. booth at the Semicon Japan exhibition in Tokyo, Dec. 18, 2025. Kiyoshi Ota | Bloomberg | Getty Images The rally in semiconductor stocks is so incredible, traders can’t help but bet against it. Open interest in put contracts on the VanEck Semiconductor ETF (SMH) have surged the past two months […]
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Software stocks are crashing up. Here are the winners
Traders work at the New York Stock Exchange on May 28, 2026. NYSE The rally in software stocks has gone from recovery to raging bull market, and traders are betting there’s more to come. The iShares Expanded Tech-Software ETF (IGV) is up 35% from its April low after a 5% rally Friday on the back […]
Investing
There’s a record disconnect unfolding in the trading pits right now
Traders work at the New York Stock Exchange on May 28, 2026. NYSE Forget a tale of two cities, it’s two different worlds for traders in the U.S. stock market. If you’re tracking index gains in the S&P 500, it’s a slow and steady grind as volatility declines to the lowest since January, with the […]
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Mike Khouw: I was wrong about Zscaler. Here’s how I’m managing the trade
Warren Buffett’s maxim to “be greedy when others are fearful” is among the most quoted pieces of investment wisdom, but contrarianism is not a strategy in itself. In Zscaler’s case, the post-earnings price action delivered a painful verdict. My thesis this week for a bearish-to-bullish reversal rested on the idea that ZS had been unfairly […]
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Drone stocks surge on report Pentagon considering stakes in the industry
Anton Petrus | Moment | Getty Images Drone stocks surged Thursday on a report the Trump administration is in talks to fund several companies including one in which Donald Trump Jr. is a shareholder. The Pentagon has held months of discussions with a group of drone companies about potential funding deals, people familiar with the […]
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CFTC sues Rhode Island over actions against prediction markets
Screens displaying the logo and homepage of prediction market platform Polymarket in Saint-Mande, east of Paris, April 29, 2026. Martin Lelievre | Afp | Getty Images The Commodity Futures Trading Commission announced on Thursday that it was suing Rhode Island, one week after the state took action against two prediction market platforms. It marks the […]
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States have lost $1 billion due to prediction markets: Gaming association
The American Gaming Association now estimates that states have missed out on more than $1 billion in tax revenue due to the rise of prediction markets. In an appearance on CNBC’s “Squawk Box” detailing the estimate, association president and CEO Bill Miller said that the lost money has consequences for communities due to the taxes […]
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Google employee polymarket insider trading
Signage at the Situation Room by Polymarket pop-up bar in Washington, DC, US, on Friday, March 20, 2026. Graeme Sloan | Bloomberg | Getty Images Federal prosecutors charged a Google employee with fraud on Wednesday, alleging that he made $1.2 million off of bets using insider information on Polymarket. Prosecutors claim that Michele Spagnuolo, a […]
Investing
New bull market in software stocks hinges on this report
Options traders are convinced the “SaaS-pocalypse” is over. Whether that’s true will likely depend on the market’s reaction to Salesforce earnings after the bell Wednesday. Volume ratios in options trading on the iShares Expanded Tech-Software Sector ETF (IGV) have been increasingly bullish throughout this month, including on Tuesday — when more than twice as many […]