Analysts say the partial U.S.-China trade deal doesn't touch on thorny issues plaguing both sides, and warn talks could break down again.World Economyread more
"The Champagne should probably be kept on ice, at least until the two presidents put pen to paper," said state-owned media China Daily.Traderead more
Economists polled by Reuters had expected Chinese exports denominated in the U.S. dollar to fall by 3% and imports to decline by 5.2% in September, compared to a year ago.China Economyread more
The U.K. and EU are gearing up for what could be the busiest week in British politics since June 2016.Europe Politicsread more
The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
A technical recession occurs when there are two consecutive quarters of economic contraction.Asia Economyread more
"Deepfakes" are being used to depict people in fake videos they did not actually appear in, and can potentially affect elections, diplomacy and how markets move, experts say.Technologyread more
Chinese President Xi Jinping warned on Sunday that any attempt to divide China will be crushed.China Politicsread more
Syria's Kurds said Syrian government forces agreed Sunday to help them fend off Turkey's invasion.World Newsread more
U.S. President Donald Trump said that both sides reached a "very substantial phase one deal" that will address intellectual property and financial services concerns and...Asia Marketsread more
There is one stock during this explosive bull market working for the shorts.
Shorting is a trading strategy where investors borrow and sell shares in hopes of buying them back at a profit after a drop. This kind of trading is mostly done by sophisticated hedge funds.
Bets against Chipotle increased by $238 million in size this month, according to S3 Partners estimates in a note sent to clients Wednesday.
"Chipotle is the largest short in the U.S. Restaurant sector at $1.76 billion. Short sellers were active in October, ahead of the earnings report," Ihor Dusaniwsky, head of research at S3, wrote. "Shorts were rewarded for their conviction."
Chipotle dropped 15 percent Wednesday, a day after the company reported disappointing third-quarter earnings results.
The stock's short sellers are up $261 million in mark-to-market profits midday Wednesday and up $303 million for the year, according to S3 estimates.
Chipotle year-to-date stock chart
The restaurant chain is one of the worst-performing stocks in the market year to date. Its shares are down 27 percent through midday Wednesday compared with the S&P 500's 14 percent gain.
One hedge fund manager that is not enjoying the stock price move is Pershing Square's Bill Ackman. His firm owned 2.9 million shares of Chipotle as of the end of June, according to FactSet. The stake lost nearly $140 million of value midday Wednesday.