The surge in crude prices is igniting traders' appetite for one of the energy sector's most notable leaders.Traders piled into bullish options trades on Occidental Petroleum (OXY) ahead of its earnings report on Tuesday, with call volumes outpacing puts 7-to-1, and three times as many calls bought in Monday's session...
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Intel and Micron are poised to break major milestones
Options traders can't get enough of semiconductor stocks. No matter how high they go or how expensive the options get, bulls just keep flooding the space.After a 700% rally the past year, traders poured into Micron options Tuesday, paying expensive premiums to get access to further upside in the legacy...
Inside the Fed: Powell vows he won’t be a ‘shadow chair,’ but a Warsh clash will be tough to avoid
Federal Reserve Chairman Jerome Powell, and Federal Reserve Nominee, Kevin Warsh.ReutersWhen the Federal Open Market Committee gathers again in mid-June, it will mark the first time in nearly 80 years that a sitting and former chair conduct business together, a historic overlap that comes at a sensitive time for the...
Fed dissenters explain ‘no’ votes, saying they disagreed with hinting next move would be a cut
Federal Reserve officials who voted this week against the post-meeting statement said they didn't think it was appropriate to signal that the next interest rate move would be lower.Regional presidents Neel Kashkari of Minneapolis, Lorie Logan of Dallas and Beth Hammack of Cleveland released statements explaining their votes, offering similar...
Markets are underpricing the risk of Middle East pullback in AI, says tech investor Jack Selby
A potential pullback by Middle East sovereign wealth funds could drain hundreds of billions of dollars from the artificial intelligence boom and threaten key data center projects, according to tech investor Jack Selby.Middle East investors — including sovereign wealth funds and government entities — account for roughly a quarter of...