Backfire

Shorting US Stocks After TSMC Arbitrage Trade Leads to Backfire – Bloomberg’s Investigation Exposes Costly Mistakes Made by Investors

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Taoyuan City, Taiwan – An attempt by investors to profit from an arbitrage trade involving Taiwan Semiconductor Manufacturing Co. (TSMC) has backfired, resulting in losses after buying Taiwan stocks and shorting US shares. The trade involved purchasing shares in TSMC, a leading chipmaker based in Taiwan, while simultaneously betting against US semiconductor companies. However, the strategy resulted in losses for investors as shares of TSMC fell in response to global chip shortage concerns. The investors’ …

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Influencer Outreach Backfire: Popular Cookie Brand Owner’s Savage Response Goes Viral

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New York, NY – An emerging influencer’s attempt to partner with a popular cookie brand has sparked a noteworthy online discussion about influencer culture. Ana Montealegre, a recent college graduate venturing into the realm of social media influencing, initiated contact with Halfsies Cookie Company in hopes of securing cookies for her upcoming wedding festivities. However, her request was met with a sharp rebuttal from the brand’s owner, David Maffei. Montealegre, described as a beginner influencer, …

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Boycott Backfire: Texas Cuts Ties with BlackRock in $8.5 Billion Move to Protect Energy Sector – What Happens Next?

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Austin, Texas – The State of Texas is cutting ties with asset manager BlackRock, terminating an $8.5 billion investment due to the firm’s alleged boycott of energy companies. The move comes as part of a broader trend of Republican-led states severing financial relationships with institutions embracing environmental, social, and governance (ESG) standards. The action, initiated by the Texas Permanent School Fund (PSF), represents the largest divestment of its kind to date. The fund, established in …

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Congress Veterans Call It Quits: Wisconsin Rep Retires After Vote-Backlash Backfire

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Wisconsin, USA – Republican congressman Mike Gallagher has announced his retirement after refusing to vote to impeach Democratic homeland security secretary Alejandro Mayorkas. Gallagher’s decision not to seek a fifth term means that his tenure leading the US House’s efforts against the Chinese government will come to an end in early 2025. Gallagher’s stand against impeaching Mayorkas had drawn the ire of fellow Republicans, who aimed to oust the homeland security secretary as a way …

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