Options-market activity suggests traders aren't yet worried about Turkey's currency crisis spreading to other countries.
Credit Suisse derivatives strategists said a bullish reversal could be coming, having observed that a key emerging-market exchange-traded fund is trading differently compared to other crises.
They offered two options-market trades that would profit from this reversal.
Wall Street is betting that Turkey's currency crisis will not spread to other coun
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CREDIT SUISSE: Turkey's currency crisis is unlike many others in recent history, and there are 2 trades that could rake in profits
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Wall Street analysts were blown away by the Tesla Model 3's 'next-gen, military-grade' tech — and say that's why the base model will never turn a profit (TSLA)
UBS analysts disassembled a Tesla Model 3 to compare it with other electric vehicles.
"Tesla delivered the best powertrain at the lowest cost," the investment bank told clients.
But the car's "next-gen, military-grade" tech is the reason the base model will never turn a profit.
Tesla has struggled to ramp up its production of the Model 3, which it has promoted as its first mass-market car.
But with no $35,000 base model even available for pre-order, UBS analysts took it upon themselv -
The founder of a beloved productivity app thinks Hollywood has a better blueprint for innovation than Silicon Valley —and he's taking his cues from Netflix to fix it (NFLX)
Phil Libin, the founder of Evernote, thinks Silicon Valley could learn a lot from Hollywood when it comes to fostering innovation.
He thinks Netflix in particular offers an ideal model.
His new company, All Turtles, is intentionally trying to follow the blueprint Netflix uses for making shows and movies and bring it to the tech industry.
Libin thinks the model will help encourage the development of products and ideas that don't have the potential to be billion dollar companies and allow tech to -
Forget about Tesla going private — there's still time for Apple to buy the company (TSLA, AAPL)
Tesla CEO Elon Musk is in the middle of a go-private saga around the carmaker.
Various ways to fund a potential deal have been debated, but nothing solid has yet emerged.
Yet again, Apple and its pile of cash and trillion-dollar market cap could ride to the rescue.
The circus maximus of Tesla's go-private plan has been with us for about two weeks. I've already pointed out that we shouldn't be surprised that Elon Musk doesn't want to be the CEO of a public company anymore, but to be honest -
These are the states that would be wrecked by Trump's proposed tariff on cars
President Donald Trump proposed a 25% tariff on imported cars in May.
While the tariff is currently on hold, it represents a threat to US workers, according to the auto industry.
Michigan, Ohio, Indiana, Kentucky, Tennessee, and Alabama have the highest percentage of workers in the auto industry and would likely be the hardest hit states.
President Donald Trump's threatened tariffs on imported cars and auto parts would cause massive economic upheaval in the US, but some states would g -
The asset manager behind one of the first blockchain ETFs is preparing a $100 million crypto hedge fund even as the market sheds billions
Reality Shares, the tiny asset manager known for its blockchain exchange-traded fund, is preparing to launch a $100 million cryptocurrency hedge fund.
It joins a crowded market of over 300 such funds.
Even as the market for digital currencies sheds billion, corners of Wall Street are still hot on the burgeoning new asset class.
Reality Shares, the tiny asset manager known for its blockchain-focused exchange-traded fund, is preparing to launch a $100 million cryptocurrency hedge fund. -
The midterm elections could paralyze a key instrument of Trump's agenda for the US economy
History suggests that the Republican Party would lose control of the House but keep the Senate in the midterm elections, according to Steve Rattner, the CEO of Willett Advisors.
"Every single arrow points to a significant Democratic victory in the fall," he said.
Rattner is basing his forecasts on the historical relationship between a president's approval ratings and the number of seats his party keeps at the midterm elections, and the number of Republican lawmaker retirements. -
I drove a $58,000 BMW X4 'Sport Activity Coupe' on a 250-mile road trip — here's the verdict on this offbeat SUV
The 2019 BMW X4 is a "sport activity coupe," a fastback SUV that strives to combine sporty driving with crossover versatility.
The styling is a bit confusing, but the X4's peppy 248-horsepower four-cylinder motor and crisp handling won me over.
The BMW X4 has a pretty firm ride, so it might be the best highway cruising choice.One of the more perplexing vehicles I've tested at Business Insider is the BMW X6.
Back in 2015, I sampled the X6 M, a high-performance version of the vehicle, a "sport act
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