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PARAA May 2024 22.500 put
| Previous close | 1.0000 |
| Open | 1.0000 |
| Bid | 0.0000 |
| Ask | 2.4500 |
| Strike | 22.50 |
| Expiry date | 2024-05-17 |
| Day's range | 1.0000 - 1.0000 |
| Contract range | N/A |
| Volume | |
| Open interest | 46 |
ReutersExplainer-What are the charges facing Archegos' founder Bill Hwang and his deputy?
Hwang and Halligan pleaded not guilty. Authorities allege Hwang and Halligan lied to banks in order to maximize Archegos' borrowing so the firm could manipulate prices of its stockholdings, which included ViacomCBS, which is now Paramount Global, and Discovery, now part of Warner Bros Discovery. Prosecutors accused Archegos of using the borrowed money to buy swaps, which further increased the firm's economic exposure to the stocks.
BenzingaSony's Bold $26B Paramount Bid Raises Eyebrows: Can They Finance It?
Sony Group Corp’s (NYSE:SONY) shares experienced a significant drop, the largest in nearly three months, following its joint $26 billion bid with Apollo Global Management Inc (NYSE:APO) to purchase American multinational mass media and entertainment conglomerate Paramount Global (NASDAQ:PARA). The offer has sparked concerns about Sony’s financial capacity to handle the acquisition, as the proposed deal exceeds Sony’s current cash reserves. Despite the concerns, market analysts suggest that more
- Reuters
US STOCKS-Wall Street closes higher for third session on rate cut optimism
U.S. stock indexes closed higher on Monday, their third straight session of advances, as investors continued to gain hope that there was a greater chance of the Federal Reserve cutting interest rates this year. Expectations for rate cuts by the U.S. central bank have been tempered as the year has progressed, as inflation has proven stickier, and some investors had begun to worry they might not materialize at all, sending markets lower in April.
