Monthly Archives: May 2023
Former Fed Chair Ben Bernanke says there’s more work ahead to control inflation
(CNBC) Former Federal Reserve Chair Ben Bernanke, who guided the central bank and the U.S. economy through the Great Recession, thinks central bankers still have work to do to bring down inflation. That work, he and economist Olivier Blanchard argue […]
SEC Obtains Final Judgment Against Investment Adviser in Microcap Stock Trading Scheme
(HedgeCo.Net) The U.S. District Court for the Central District of California entered a final consent judgment against Thomas Carter Ronk imposing injunctive relief, a five-year officer-and-director bar, a five-year penny stock bar, and a civil penalty. According to the SEC’s […]
Jamie Dimon warns souring commercial real estate loans could threaten some banks
(CNBC) Deposit runs have led to the collapse of three U.S. banks this year, but another concern is building on the horizon. Commercial real estate is the area most likely to cause problems for lenders, JPMorgan Chase CEO Jamie Dimon […]
Stock futures are up slightly as Wall Street watches for debt ceiling progress: Live updates
(CNBC) Stock futures are modestly higher Monday night after a key debt ceiling meeting between President Joe Biden and House Speaker Kevin McCarthy, even though the two did not strike a deal. Futures tied to the Dow Jones Industrial Average added 88 […]
McCarthy calls Biden meeting ‘productive’ and ‘professional,’ but no debt ceiling deal yet
(CNBC) House Speaker Kevin McCarthy said he had a “productive” and “professional” meeting with President Joe Biden on how to raise the debt ceiling, but that the two did not reach a deal Monday. “I think the tone tonight was […]
Hedge funds up shorts against Greek bonds to highest level since 2014
(Hedgeweek) Hedge funds increased their bets against Greece’s government debt last week ahead of the country’s national elections, on the back of concerns over the possibility of post-election political paralysis, according to a report by The Financial Times. To read […]
Bill Gates says A.I. could kill Google Search and Amazon as we know them
(CNBC) Microsoft co-founder Bill Gates believes the future top company in artificial intelligence will likely have created a personal digital agent that can perform certain tasks for people. The technology will be so profound, it could radically alter user behaviors. […]
Texas Resident Charged with Acting as an Unregistered Broker
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Daniel E. Levin, from Dallas-Fort Worth, with acting as an unregistered broker-dealer. According to the SEC’s complaint filed on May 9, 2023, Levin solicited investors to purchase approximately $2.6 million […]
Stock futures fall slightly as Wall Street focuses on tense debt ceiling negotiations
(CNBC) Stock futures retreated slightly on Sunday evening as traders monitored the negotiations over the U.S. debt ceiling. Futures for the Dow Jones Industrial Average ticked down 48 points, or about 0.1%. S&P 500 futures dipped about 0.2%, and Nasdaq […]
Biden and McCarthy to meet at White House on Monday to try and avoid looming debt default
(CNBC) As a possible debt default looms just 11 days away, President Joe Biden and House Speaker Kevin McCarthy, R-Calif., will meet in person at the White House on Monday to resume negotiations around the debt ceiling, NBC News reports. […]
Elliott proposes adding new directors to Goodyear’s board. How a margin-boosting plan might unfold
(CNBC) Elliott issued a letter and presentation to Goodyear’s board, urging the company to appoint five new independent directors, monetize the company-owned store network, and form an operational review committee to develop an operational and margin improvement plan. To read […]
Hedge funds tap Singapore-based commodities traders
(Hedgeweek) Big name hedge fund firms including Citadel, Balyasny and Millennium are tapping Singapore’s top performing commodities traders as they look to take advantage of the opportunities presented by erratic commodity prices, and in particular oil, according to a report […]