Poorly managed and overrun by investors who act like gamblers, Vietnam's stock exchanges may have been born into a country that wasn't ready for them. Investors watch market movements at Asia Commercial Bank in Ho Chi Minh City … [Read more...] about Can Vietnam handle its stock market?
Stock market gamblers
European capitals watched nervously on Monday and markets tumbled as Carlo Cottarelli stepped forward to head a temporary new Italian government.Carlo Cottarelli was suggested as a stop-gap replacement, before he failed to present a cabinet and won no support.5-Star Movement leader Luigi Di Maio and League leader Matteo Salvini came up with a compromise earlier Thursday that led the president to postpone trying to install a technical government until a new election could be held.A formation of the new government will at least temporarily allay those concerns, because it will - for now - remove the threat that snap elections will be called later this summer, a prospect which anxious investors because it could have bolstered anti-EU parties.Savona was rejected for the job by the head of state.Leaders of both parties signaled a willingness to try again late Wednesday.Financial markets are nervous as Italy faces the prospect of new elections as early as September after a nascent populist … [Read more...] about Italy financial markets plunge on political turmoil
Lost money betting on the World Cup? Still seething about that NCAA bracket-busting UVA loss? Anthony Kennedy’s Supreme Court vacancy is giving gamblers the next nail-biting chance to cash in — that is, if they can predict who President Donald Trump will pick.Story Continued Below Since the moment Kennedy announced his retirement last Wednesday, wagers have been laid and the betting markets have been trying to zero in on the likely nominee as the planned Monday announcement nears. “Obviously when this took place last week we had a huge jump in interest on the site,” said Will Jennings, head of public engagement at PredictIt, a site that allows trading on political predictions. “This is likely to be a more erratic market.” PredictIt labels itself “the stock market for politics,” where political junkies can put money behind their predictions. As of Thursday morning, Brett Kavanaugh, a judge on the D.C. Circuit Court, led the pack with a 41 … [Read more...] about Gamblers try to cash in on Trump’s Supreme Court drama
I may be a week late to the "Pi Day" celebration that took place on March 14, but I'm not coming empty-handed to the party. I decided to screen for stocks trading for less than pi -- or $3.14 a share -- to see if I can find some diamonds in the rough. Naturally, stocks trading this low are there for a reason. They're mostly broken or undiscovered stocks, and the vast majority of them will obliterate your portfolio. This is fertile soil for speculators and riverboat gamblers, and only risk-tolerant investors have any business aiming for stocks trading for less than a Happy Meal. I feel that Blue Apron Holdings (NYSE: APRN), LendingClub (NYSE: LC), and Avon Products (NYSE: AVP) may be in the small handful of low-priced stocks that can bounce back in the coming months. Let me size them up one by one. Continue Reading Below Blue Apron Holdings -- $1.04 There hasn't been a lot of love for the meal-kit provider since it went public at $10 nearly two years ago. It obviously didn't help that … [Read more...] about 3 Stocks Trading Below $3.14 That Could Bounce Back in 2019
Billy Walters, the professional Las Vegas gambler under federal investigation along with Phil Mickelson and investor Carl Icahn in an insider trading probe, is well known among PGA Tour pros and caddies. His connections to the game include the three high-end public golf courses he owns off the Las Vegas strip, where greens fees can run as high as $250 per round. He has also played several rounds, including Pro Ams, with Mickelson and others — and they’re probably not playing $5 Nassaus. Walters said in a 2011 interview with “60 Minutes” that there are two kinds of people, “you’re either one of two, you’re either a hustler or you’re being hustled,” and as the Tiger Woods (pre-’09) of the betting world, he’s hustled more in golf bets in his life than some pros make in their career. “He can play,” Champions Tour member Gary McCord once said of him. “And he’ll play for anything you want to … [Read more...] about Billy Walters, gambler at center of Phil Mickelson mess, a real ‘player’
A sports betting legend accused of insider trading used his gambling prowess — not illicit info — to win big in the stock market, his lawyer insisted Wednesday. William “Billy” Walters is also accused of slipping pro-golfer Phil Mickelson private intel on publicly traded dairy titan Dean Foods as part of an alleged insider trading scheme that ran from 2008 to 2014. Walters’ lawyer Barry Berke said during his opening statement that the notorious bettor simply applied his skills from sports and poker wagers to business. Berke also treated Walters’ alleged tip to Mickelson as improbable. “If you’re Billy Walters and you think someone has given you illicit, inside information, the last thing you’d do is give it to Phil Mickelson, one of the most famous athletes in the world, who is going to attract scrutiny of regulators,” Berke argued. Prosecutor Michael Ferrara also invoked Mickelson — … [Read more...] about Gambler accused of insider trading with Phil Mickelson used skill to win on stocks — not illegal info: lawyer