short - Shore News Network

Three Short Yellow School Buses Stolen in the Bronx

Adam DevineOctober 26, 20230

NEW YORK CITY, NY – The New York City Police Department is asking for the public’s help in identifying two male individuals related to a burglary. On Tuesday, at about 12:20 am, two unidentified males accessed a secured parking lot at 1488 Blondell Avenue. They then took three short school buses and drove them through the front gate, escaping to an unknown location. There were no injuries reported due to this incident. Surveillance footage capturing the suspects is available with the DCPI.

Billionaire investor Ackman says ‘covered our bond short’

ReutersOctober 23, 20230

(Reuters) – Bill Ackman’s hedge fund Pershing Square Capital Management has covered its bond short position, the billionaire investor posted on Monday, saying it was too risky to remain short bonds at current long-term rates. Ackman said in August that his hedge fund had placed a bet against U.S. 30-year Treasuries, calling it both a hedge on the impact of higher long-term rates on stocks and a good standalone bet. Pershing Square Capital Management did not immediately respond to a Reuters request for additional comment. “The economy is slowing faster than recent data suggests,” Ackman wrote on messaging platform X,

Ex-Odey portfolio manager Hanbury aims short bet on private equity – letter

ReutersOctober 17, 20230

By Nell Mackenzie LONDON (Reuters) – Former Odey Asset Management (OAM) portfolio manager James Hanbury has taken short positions against private equity, which will likely struggle to finance and refinance deals as company valuations fall and rates rise, a letter seen by Reuters said. “We see an increasing probability that private equity’s problems cause considerable collateral damage to the rest of the economy,” said the September investor letter by Hanbury and fellow portfolio manager Jamie Grimston at Lancaster Investment Management. Hanbury moved to Lancaster Investment Management in July, taking an investment fund and his investment team with him, following sexual

Kerrisdale Capital goes short on Joby Aviation over earnings concerns

ReutersOctober 10, 20230

(Reuters) – Kerrisdale Capital said on Tuesday it had taken a short position on Joby Aviation over profitability concerns, sending the electric aircraft maker’s shares down nearly 5%. “We believe (Joby) is years away from generating operating revenue,” the fund said. California-based Joby said Kerrisdale has a “vested interest” in lowering its share price. Joby plans to operate like a rideshare app, unlike other electric vertical takeoff and landing (eVTOL) peers that intend to sell their aircraft to customers including airlines and logistics firms. Kerrisdale warned of higher operating costs as the company’s electric aircraft are likely to offer lower

Column-Funds ramp up long dollar, short Treasuries bets: McGeever

ReutersOctober 8, 20230

By Jamie McGeever ORLANDO, Florida (Reuters) – Hedge funds have entered the final quarter of the year doubling down on two of their biggest macro conviction trades – short U.S. Treasuries and long the dollar. According to U.S. futures market data, speculators are holding a record short position in two-year Treasuries, and are the most bullish on the dollar in a year. The figures suggest funds are looking to accelerate the momentum of these trades into year-end, bets which appear to have been extremely profitable over the last couple of months. The increase in funds’ short Treasuries position across the

Two Big Winners Fall Short of Powerball Jackpot in Maryland

Jessica WoodsOctober 3, 20230

JESSUP, MD – Two fortunate Powerball ticket purchasers in Maryland may have not won the jackpot, but they are certainly not walking away empty-handed. In the Oct. 2 drawing, a ticket worth $100,000 was sold in Howard County while another ticket in Prince George’s County is valued at $50,000. The $100,000 ticket was acquired at Crestmount Wine & Spirits at 7968 Washington Boulevard in Jessup. The decision to include the Power Play feature resulted in the prize amount being doubled from its original $50,000 value. Meanwhile, the $50,000 ticket found its buyer at Bowie Exxon, situated at 1500 Northwest Crain

SpaceX’s Starlink falls short of growth expectations despite revenue surge – WSJ

ReutersSeptember 13, 20230

(Reuters) – SpaceX’s satellite internet venture Starlink posted a more than six-fold surge in revenue last year to $1.4 billion, but fell short of targets set by CEO Elon Musk, the Wall Street Journal reported on Wednesday, citing documents. The company had in a 2015 presentation projected the division would generate almost $12 billion in revenue and $7 billion in operating profit in 2022, the report said. Starlink has also been signing up customers at a pace that is much slower than its expectations, with the unit having more than a million active subscribers by 2022 end, the Journal said.

Hedge funds drop short trades on U.S. regional banks – Goldman

ReutersSeptember 4, 20230

By Nell Mackenzie LONDON (Reuters) – Hedge funds ditched short bets against U.S. regional banks as of the end of August and turned bullish on the broader U.S. financial sector, according to a Goldman Sachs note, just as bank stock prices began to rise. U.S. financial services companies including banks, trading firms and those working in capital markets were among the most sought-after stocks in the week ended Sept. 1, according to the note by Goldman’s prime brokerage desk, which serves hedge funds. The ratio of long trades compared with short positions on U.S. regional banks has risen by 26%

Short U.S. housing correction likely over; tight supply to keep prices high: Reuters poll

ReutersAugust 30, 20230

By Prerana Bhat BENGALURU (Reuters) – A short U.S. housing market correction is now over, according to property analysts polled by Reuters who have wiped out forecasts for a price fall this calendar year but also look for stagnation in 2024 despite expectations for interest rate cuts. After the Federal Reserve rapidly raised the federal funds rate from near-zero to a range of 5.25-5.50% since March 2022, mortgage rates are at their highest and applications at their lowest in over two decades. But demand for housing has held up, much like in the broader economy, which is now expected to

Nvidia short sellers lose $826 million as stock jumps after strong forecast

ReutersAugust 24, 20230

(Reuters) – Investors with short position on Nvidia lost $826 million in mark-to-market losses on Thursday, data from analytics firm S3 Partners showed, as the world’s largest chipmaker’s shares surged after a strong revenue forecast. Bearish bets on the chip designer, which is the biggest beneficiary of AI boom, have cost investors $11.36 billion in paper losses so far this year, neck-to-neck with Tesla as the worst performing short bet, S3 Partners said. Nvidia shares rose 7.4% to $506.30 before the opening bell. (Reporting by Medha Singh in Bengaluru; Editing by Arun Koyyur)

10th District Legislators: DEP and BASF Settlement of Ciba-Geigy Superfund Site Falls Short

Press ReleaseAugust 23, 20230

Senator Jim Holzapfel and Assemblymen Greg McGuckin, and John Catalano continue to pledge their support of Save Barnegat Bay and Toms River Township by opposing the DEP’s settlement with the current owners of the Ciba-Geigy superfund site, BASF.

Colombia’s potential renewables boom short circuits on Indigenous resistance

ReutersAugust 15, 20230

By Nelson Bocanegra BOGOTA (Reuters) – In May, a forum bringing together leaders debating wind and solar development in Colombia’s La Guajira province was disrupted by a chorus of passionate opposition. “La Guajira is not for sale!” exclaimed one attendee, a member of the area’s Wayuu Indigenous community, who led the chant with others as the then-energy minister and local officials looked on. The protest at the University of La Guajira event illustrates the challenges for over a dozen multinationals and the government of leftist President Gustavo Petro, as they seek to turn Colombia away from oil and coal even

Governor Murphy Cuts Italian Vacation Short for Death of Lt. Governor Oliver

Conservative TimesAugust 3, 20230

TRENTON, NJ – New Jersey Governor Phil Murphy is returning to America after just a few days on his summer vacation at his Italian villa. During his absence, Lt. Governor Sheila Oliver, who was serving as acting governor was admitted to the hospital and passed away suddenly at the age of 71. According to the governor’s office, Governor Phil Murphy returns to the state following the passing of Lieutenant Governor Sheila Y. Oliver. In a gesture of respect and mourning, Governor Murphy will sign an Executive Order directing that both U.S. and New Jersey flags be flown at half-staff across

Billionaire investor Loeb cuts bearish bets to avoid short squeezes-letter

ReutersAugust 1, 20230

By Nell Mackenzie LONDON (Reuters) – Billionaire investor Daniel Loeb has reduced the size of short bets on single named companies to limit the vulnerability of his hedge fund, Third Point, to short squeezes, he said in a letter on Tuesday. “The short-selling environment is much more challenging than it has been historically,” said Loeb in the letter. Analysing a company’s economic prospects has taken a backseat to watching Reddit message boards and options expiries, the letter said. A short squeeze occurs when a stock price rises so much that bearish bets become too expensive to hold and investors are

Listing of Ant Group is unlikely in the short term – state media

ReutersJuly 29, 20230

BEIJING (Reuters) – A listing of Jack Ma-backed Ant Group is unlikely in the short term, state media reported on Saturday, citing people close to regulation. Earlier this month, Ant Group announced a surprise share buyback that valued the fintech giant at $78.54 billion, well below the $315 billion touted in the suspended IPO. (Reporting by Beijing newsroom; Editing by Mark Potter)

U.S. will be short 67,000 chip workers by 2030, industry group says

ReutersJuly 25, 20230

By Max A. Cherney (Reuters) – The U.S. semiconductor industry faces a shortfall of roughly 67,000 workers by 2030, according to an industry association study published on Tuesday. The chip industry’s workforce is projected to grow to 460,000 by the end of the decade, up from roughly 345,000 this year. But at the current rate that people are graduating from schools, the U.S. will not produce enough qualified workers to fill the increase, according to the study prepared by the Semiconductor Industry Association (SIA) and Oxford Economics. The study comes as the U.S. works to strengthen its domestic chip sector.

Sirius XM shares pull back after ‘wild’ gains with short squeeze in focus

ReutersJuly 21, 20230

By Sinéad Carew (Reuters) – Shares in Sirius XM Holdings were down 10.5% on Friday, erasing some of their dramatic gains in the previous day’s session with analysts attributing the volatility to a short squeeze, as well as a rebalance of the Nasdaq 100. U.S. satellite and online radio company, Sirius XM, which is majority owned by Liberty Media, last traded at $6.99 after closing up 42% at $7.81 on Thursday for its biggest one-day percentage gain since March 2009. Analytics firm Ortex estimates that 34% of Sirius’s publicly available shares are sold short, where bearish investors borrow shares to

Marketmind: China falls short and oil ebbs but banks impress

ReutersJuly 17, 20230

A look at the day ahead in U.S. and global markets from Mike Dolan China’s spluttering recovery set the tone for world markets on Monday after a bumper week of U.S. disinflation news was capped with impressive bank results and rising consumer confidence. In what was read as another underwhelming collection of macro updates, China said its annual economic growth rate picked up to 6.3% in second quarter, well below the 7.3% forecasts as base-effects offset a firmer 0.8% expansion during the quarter. Sub-forecast and sharply slowing retail sales growth for June likewise offset a more upbeat industrial output readout

Syracuse Police Make Arrest in Murder of Karlianne Short

Adam DevineJuly 16, 20230

SYRACUSE, NY – Malcolm Barner, born on February 2, 1995, was apprehended by the Criminal Investigation Division (CID) Homicide Unit Detectives on Friday, for his alleged involvement in the murder of Karlianne Short. The arrest took place without incident at 511 S. State Street. On Independence Day, at 10:04 PM, the Syracuse Police Department received a call regarding a shooting incident on the 2000 block of E. Fayette Street. On arrival, officers found a chaotic scene but initially no victim. Short was privately transported to Crouse Hospital before the police arrived. At the hospital, medical staff discovered that Short had

Biden Admin Stops Short Of Calling For New Restrictions On Flesh-Eating Drug Ripping Through The Nation

The Daily CallerJuly 11, 20230

Biden Admin Stops Short Of Calling For New Restrictions On Flesh-Eating Drug Ripping Through The Nation Jennie Taer on July 11, 2023 The White House announced Tuesday a new national strategy to combat the scourge of fentanyl mixed with the flesh-eating xylazine emerging in overdoses in the U.S., but stopped short of calling for new regulations. The new plan will increase capacity for testing, data collection, treatment, supply reduction, and research across federal agencies, while increasing opportunities to “explore” new regulations, the White House said. The illicit drug, which is present in nearly all 50 states, has been involved in

Small pickups fall short in rear seat safety, study shows

ReutersJune 28, 20230

(Reuters) – Small pickups fell short of the standards expected in protecting the passengers on the rear seat of the vehicle, tests conducted by Insurance Institute for Highway Safety (IIHS) showed. In the crash test conducted, the passenger dummy on the rear seat came dangerously close to the front seat back, recording a risk of neck or chest injuries. IIHS rated General Motors’ Chevrolet Colorado, Toyota’s Tacoma and Stellantis’ Jeep Gladiator “poor” in the updated moderate overlap crash test. Only Nissan’s Frontier managed to secure an “acceptable”, while Ford’s Ranger earned the second-lowest rating of “marginal”. The ratings only apply

Exclusive-US seeks new suppliers of highly used cancer drug methotrexate in short supply

ReutersJune 9, 20230

By Julie Steenhuysen and Michael Erman (Reuters) – The U.S. Food and Drug Administration said on Friday it is seeking new suppliers to ease shortages of methotrexate, one of the most commonly used cancer drugs, building on its push to shore up two other scarce chemotherapy medicines. An FDA spokesperson told Reuters the agency is looking for temporary importation options for the drug, which has been in shortage since March. Methotrexate is an injected drug used to treat a wide variety of cancers ranging from acute lymphoblastic leukemia in children, breast cancer, lung cancer, bone cancers and certain types of

Tesla short sellers down $6.08 billion in stock’s 11-session winning streak -S3 Partners

ReutersJune 9, 20230

(Reuters) – Traders who have sold Tesla Inc shares short have lost about $6.08 billion on a mark-to-market basis during the electric car maker’s current winning streak, according to the latest data from S3 Partners. Tesla’s current rally, which will span 11 sessions if it closes Friday’s session higher, has the stock up around 35% since May 24. Investors who sell securities ‘short’ borrow shares and then sell them, expecting the stock to fall so they can buy the shares back at the lower price, return them to the lender and pocket the difference. And Tesla is the largest short

Former Hudson County Sheriff’s Officer Pleads Guilty in Fraudulent Short Sale Conspiracy

Charlie DwyerMay 25, 20230

NEWARK, NJ – A former Hudson County Sheriff’s Officer has admitted his role in a conspiracy to make false statements in connection with a fraudulent short sale, as announced by U.S. Attorney Philip R. Sellinger on Tuesday. Osbado Hernandez, 54, of Avenel, New Jersey, pleaded guilty to a single count of conspiracy to make false statements to discharge a loan, before U.S. District Judge Michael A. Shipp in Trenton federal court on Monday. Between September and December 2015, Hernandez conspired to make false statements to a bank to discharge the mortgage on his Keansburg, New Jersey, property. Hernandez’s false statements

Suspect Wanted in Connection with Short North Homicide

Ryan DickinsonMay 20, 20230

SHORT NORTH, OH – The Columbus Police Department has issued a murder warrant for the arrest of 19-year-old Quran Boston in connection with a shooting that took place on Sunday, in Short North. Columbus Police officers were called to the vicinity of N. High St. and E. First St. following a reported brawl. As they approached the area, they heard gunfire and found Arthur Pickens, a 21-year-old man, suffering from a gunshot wound. Pickens later died at a local hospital. The Columbus Police Department requests anyone with information regarding Boston’s whereabouts to contact the Columbus Police Homicide Bureau at (614)