2 years ago

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New shipping data from the busiest U.S. port complex, Los Angeles and Long Beach, California, shows 96 container ships idled offshore, waiting to unload cargo.
FreightWaves' Greg Miller described a new queuing system for vessels as pure optics, which reduces the number of ships offshore of Los Angeles/Long Beach. He said ships are being placed in holding patterns further out into the ocean where they're out of sight and out of mind -- to prevent attention-grabbing aerial imagery of container ship logjams.
CEOs and corporate insiders have sold 69 billion dollars worth of stock so far this year. That is a new all-time record, and it is a whopping 30 percent higher than last year…

CEOs and corporate insiders have sold a record $69 billion in stock in 2021, as looming tax hikes and lofty share prices encourage many to take profits.

From Satya Nadella at Microsoft to Jeff Bezos and Elon Musk, CEOs, founders and insiders have been cashing in their stock at the highest pace on record.

As of Monday, sales by insiders are up 30% from 2020 to $69 billion, and up 79% versus a 10-year average, according to InsiderScore/Verity, which excludes sales by large institutional holders.

[ZH: Jixa Analytics' Ashish Singal has aggregated all insider sales, calculating that they hit $385bn in 2021 - already well surpassing the prior record made way back in 2013]

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