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Wisconsin lost 10% of its dairy farmers in 2019, marking its biggest decline ever as Trump's trade wars raged

6 monthes ago   |   By Business Insider

Scott Olson/Getty Images
Wisconsin shed 10% of its dairy farmers last year, according to data from the state's Department of Agriculture, Trade, and Consumer Protection.
It marked the biggest drop in a single year, and underscored the negative impact of Trump's trade war in a state critical to his re-election bid.
Last year, China slashed its purchases of American dairy products by 50%, helping to throw scores of farmers out of business.
The business environment has particularly worsened for small farmers.
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Traders betting against Tesla lost $1.25 billion in one day as the stock skyrocketed above $500

Traders betting against Tesla lost $1.25 billion in one day as the stock skyrocketed above $500

6 monthes ago   |   By Business Insider

Screenshot via Tesla
Tesla short-sellers are down $1.25 billion in mark-to-market losses after Monday's nearly 10% rally, according to a Monday note from financial-analytics firm S3 Partners.
"With 2020 losses mounting, we should see a continuation and probably an acceleration of Tesla's multi-month short squeeze," wrote Ihor Dusaniwsky, the managing director of predictive analytics at S3.
Since 2016, when S3 started calculating short-side data, Tesla shorts are down about $11.44 billion in net-of-financing mark-to-market losses.
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