🐤 Ivan Boesky, stock trader convicted in insider trading scandal, dead at 87

Ivan F. Boesky, the flamboyant stock trader whose cooperation with the government cracked open one of the largest insider trading scandals in the history of Wall Street, has died at the age of 87. A representative at the Marianne Boesky Gallery, owned by Ivan Boesky's daughter, confirmed his death. .... ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  Unsubscribe Tuesday, May 21st Good Morning The S&P 500 was steady on the first trading day of the week. The index held at all-time highs and is tracking to set a new high soon. The latest inflation data has the market hoping the first interest rate cuts will come later this year, and more evidence is expected to come out on Wednesday. Wednesday brings the latest Fed meeting minutes, and they may confirm that the next policy move is to lower rates if not the timing of the first cut. As it is, the odds are high that the first cut will come by September, and there may be two twenty-five basis point cuts by the end of the year. With the S&P 500 at a new all-time high and the market still believing a rate cut is coming this year, the index will likely trend higher into the summer. The timing for the next major turning point aligns with the June FOMC meeting, which is about 30 days away. In this scenario, the S&P 500 could rise to 5,500 or higher by then. If the FOMC gives the market what it wants, the S&P 500 could hit 6,000 before the end of the year. Featured: Investors Alert: The Next Big Thing in Weight Loss (Behind the Markets) Markets Ivan Boesky, stock trader convicted in insider trading scandal, dead at 87 Ivan F. Boesky, the flamboyant stock trader whose cooperation with the government cracked open one of the largest insider trading scandals in the history of Wall Street, has died at the age of 87. A representative at the Marianne Boesky Gallery, owned by Ivan Boesky's daughter, confirmed his death. ... Read the Full Story >> From Our Partners Warren Buffett's "mystery stock" WARNING: Read This Before the Next Fed Meeting Investors are looking to the Fed with high hopes for interest rate relief. Unfortunately, many have no idea there's another major story unfolding right now, one that could be worth $40 trillion. This Wall Street millionaire just stepped forward with all the details, and how it could make some Stocks Arista Networks Advances the Era of AI and Microperimeters Arista Networks Inc. (NYSE: ANET) is a leading networking company that provides hardware and software-defined networking solutions to data centers and enterprises. Arista has benefited from enterprise spending on artificial intelligence (AI) infrastructure. It's one of a few networking companies t... Read the Full Story >> Markets Many remember solid economy under Trump, but his record also full of tax cut hype, debt and disease It was a time of fear and chaos four years ago.The death count was mounting as COVID-19 spread. Financial markets were panicked. Oil prices briefly went negative. The Federal Reserve slashed its benchmark interest rates to combat the sudden recession. And the U.S. government went on a historic borro... Read the Full Story >> From Our Partners Senate Opens Door for Uranium Boom, Outlawing Russian Supply Just days ago, Uncle Sam made the bold move to ban the importation of Russian Uranium. This could create a massive supply vacuum considering the US is the number one buyer of enriched Russian uranium. Prices have already quadrupled in recent years, and you'll be shocked when you see just how much higher they could go. Markets Rumble Stock Gets Ready to Rumble in its Second Quarter After building up its core product portfolio, the video-sharing platform Rumble Inc. (NASDAQ: RUM) has been gearing up to accelerate its monetization. Rumble prides itself on offering a censorship-free social media video platform. This has attracted a right-wing conservative crowd charged up for a... Read the Full Story >> Markets Grab Holdings: It's Time to Snatch Up Shares While They're Cheap Grab Holdings Ltd. (NASDAQ: GRAB) operates a one-stop super app platform offering ride-hailing, delivery and financial services in Southeast Asia. Grab embodies the spirit of the network effect. Customers who are comfortable and satisfied with one service, like ride-hailing, will trust the brand a... Read the Full Story >> From Our Partners Only AI stock backed by U.S. government? The AI boom is just getting started. And the real wealth has still to be made… You must read this new presentation from Porter Stansberry. Markets Stock market today: Asian shares mostly decline after Nasdaq ticks to a record high Asian shares retreated Tuesday, even as most U.S. stock indexes finished higher, especially technology issues like Nvidia. Japan's benchmark Nikkei 225 fell 0.2% to 38,980.60. Australia's S&P/ASX 200 lost 0.2% to 7,848.00. South Korea's Kospi fell 0.8% to 2,720.90. Hong Kong's Hang Seng dove 2.1... Read the Full Story >> Markets Stock market today: Asian shares mostly decline after Nasdaq ticks to a record high Asian shares mostly fell Tuesday, even as most U.S. stock indexes finished higher, especially technology issues like Nvidia. Japan's benchmark Nikkei 225 rose 0.2% in early trading to 39,141.08. Australia's S&P/ASX 200 lost 0.2% to 7,851.90. South Korea's Kospi fell 0.4% to 2,732.26. Hong Kong's... Read the Full Story >> Markets Stock market today: Global shares mostly decline after Nasdaq ticks to a record high Global shares retreated Tuesday, even as most U.S. stock indexes finished higher, especially technology issues like Nvidia. France's CAC 40 lost 0.7% in early trading to 8,137.16, while Germany's DAX declined 0.3% to 18,704.35. Britain's FTSE 100 fell nearly 0.4% to 8,393.84. The future for the Dow ... Read the Full Story >> Stocks 2 Stocks Providing Medical Insurance for Your Pets The pandemic triggered a surge in pet ownership as social distancing and lockdowns resulted in the need for companionship for many individuals and families. Anyone who owns a dog or cat can understand how they need to be cared for, just like a family member. This care includes not just food and ba... Read the Full Story >> Tech International Game Technology Isn't Playing Games With Guidance Global gaming company International Game Technology PLC (NYSE: IGT) is best known for supplying a majority of the slot machines in Las Vegas. However, the consumer discretionary sector company has additional revenue streams focusing on lotteries, digital gaming and sports betting. The Spinoff and... Read the Full Story >> Tuesday's Early Bird Stock Of The Day A Stock Being Upgraded:Alphabet (NASDAQ:GOOGL) Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the ... View Today's Stock Pick The Early Bird is a daily email newsletter powered by MarketBeat that covers the top stories that will impact the stock market each day. Read your copy every morning at 7:00 AM Eastern so that you can "catch the worm" when the market opens.   MarketBeat Media, LLC 345 N Reid Place, Suite 620, Sioux Falls, SD 57103. contact@marketbeat.com   Unsubscribe   View as a Web Page   Today's Bonus Content: How a $0.25 cent option contract makes my top traders feel (Click to Opt-in)