1. Bad Behavior Bryan P. Marsal, Co-CEO of Alvarez & Marsal and CEO of Lehman Brothers, oversaw the proceedings for the largest bankruptcy in history-the Lehman Brothers bankruptcy filing in September 2008. During a presentation to a group of businesspeople, he was asked to comment about the status of ethics in business. He reportedly said, “there are
In this article TSLA Starship prototype SN15 returns for a landing on May 5, 2021 after a high-altitude flight test. SpaceX Between Elon Musk’s two largest companies, investors and experts have a long-term favorite. Most “institutional investors and industry experts” surveyed by Morgan Stanley expect SpaceX to become more valuable than Tesla and see it
China’s internet watchdog has said articles from Caixin, one of the most prominent and trusted Chinese business publications, can no longer be republished by online news services, in the latest blow to journalism and free speech in the country. The Cyberspace Administration of China (CAC) removed Caixin from a list of more than 1,300 media
Chancellor Rishi Sunak has been handed a boost ahead of next week’s Budget, with UK public borrowing falling by more than expected in September. Public sector net borrowing was estimated to have been £21.8bn last month, data from the Office for National Statistics showed on Thursday. That was £7bn less than in September 2020, and
In a new episode of the Financial Planning Podcast, the former head of enforcement with FINRA explains some of the most complex regulatory issues facing wealth management. Susan Schroeder is a partner with WilmerHale, where she’s the vice chair of the law firm’s securities and financial services department. She served as FINRA’s top enforcement officer
Bank of America Securities analyst Alec Stranahan maintained a Buy rating on Meiragtx Holdings (MGTX – Research Report) on October 18 and set a price target of $26.00. The company’s shares closed last Wednesday at $20.99, close to its 52-week high of $21.65. According to TipRanks.com, Stranahan is ranked #2168 out of 7704 analysts. Meiragtx
In this article NVAX ANTM EAT Customers view merchandise in an experience room at the Sonos store in New York. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Pinterest — Shares of the social media company rallied more than 9% following a Bloomberg News report that said
High-profile purchases, leasing deals and hiring have seen technology companies threaten to upend Wall Street’s historic role as New York’s dominant industry. Google made waves in Manhattan real estate when it bought the iconic Chelsea Market and its 2.9 million-square-foot New York headquarters building within a few years of each other in the past decade.
China Evergrande Group started returning a small portion of the money owed to buyers of its investment products, weeks after people protested against missed payments at its Shenzhen headquarters, pictured here on Sept. 30, 2021. Gilles Sabrie | Bloomberg | Getty Images BEIJING — China Evergrande shares briefly dropped more than 10% in opening trade
On Wednesday, the global developer utilizing popular brands, gamification, A.I., blockchain, non-fungible tokens (NFTs), and mobile technology, Animoca Brands announced the company has closed a capital raise for $65 million. Animoca Brands now has an overall valuation of $2.2 billion after raising funds from firms like Liberty City Ventures, Ubisoft Entertainment, Sequoia China, and Dragonfly
Just this month alone, bitcoin’s price has rallied more than 50%, fueled by U.S. regulators’ first approval of an exchange-traded fund (ETFs) linked to bitcoin futures contracts. The ProShares Bitcoin Strategy ETF started trading on Tuesday on the New York Stock Exchange and hauled in $570 million of assets on its first day, while garnering
The other day, my teenage son announced we should all support the Build Back Better Bill because it was so much fun to say. So how about a Better Build Back Better Bill? And, yes, these principles are, admittedly, wishful thinking, centering on good governance rather than “ways to make voters happy and win elections.”
Environmental, social and governance factors are becoming increasingly important to municipal securities investors, and that trend may be transforming the information considered material for disclosure purposes, Municipal Securities Rulemaking Board CEO Mark Kim said Wednesday. “Investors and other market participants are increasingly integrating ESG factors into their investment decisions and credit analysis,” Kim said. Kim’s
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Barrick Gold said yesterday that the Pueblo Viejo gold mine in the Dominican Republic is continuing to advance a plant
Two main factors are driving the rally in the US stock markets… by Chris Vermeulen of The Technical Traders Two main factors are driving the rally in the US stock markets recently; retail traders buying the dip, and Q3:2021 earnings data is starting to shake away the concerns that resulted in the recent market rotation.
Stablecoin project Diem has distanced itself from its Facebook in response to Democrat Senators calling for the immediate cessation of the firm’s Novi crypto wallet. Diem also claimed senior regulators had called it “the best-designed stablecoin project that the U.S. government had seen.” In an Oct. 19 letter sent to Facebook CEO Mark Zuckerberg, the
Cboe is creating a digital advisory committee to work with Cboe Digital on continuing development of the different spot and derivatives markets. Fidelity Digital Assets, Galaxy Digital, Interactive Brokers, Paxos, Robinhood, NYDIG, Virtu Financial, DRW and Webull are joining, and some of these companies will take minority stakes in Cboe Digital.
Ride-sharing and ride-hailing services are becoming increasingly popular among commuters. And their popularity is poised to rise even more. In fact, the number of ride-sharing users is estimated to grow at a compounded annual growth rate of 16.6% by 2026. Some of the biggest names in this industry include Uber and Lyft. But there is
Fixed-income giant Pimco has dabbled in cryptocurrencies and plans to gradually invest more in digital assets that have the potential to disrupt the financial industry, according to chief investment officer Daniel Ivascyn. “Now we’re looking at potentially trading certain cryptocurrencies as part of our trend-following strategies or quant-oriented strategies, then doing more work on the
Railway freight transportation company CSX will boost investments in container yards in an attempt to address the supply chain crunch caused by logjams at ports and warehouses. The Florida-based company on Wednesday said it would invest in 13 overflow container yards at key terminals in order to “create additional storage and capacity”, a decision it
The Chinese military conducted two hypersonic weapons tests over the summer, raising US concerns that Beijing is gaining ground in the race to develop a new generation of arms. On July 27 the Chinese military launched a rocket that used a “fractional orbital bombardment” system to propel a nuclear-capable “hypersonic glide vehicle” around the earth
Remember when Dunkin’ Donuts became simply Dunkin’? Or when Airbnb opted for a more modern logo? Branding changes can help a company convey a refocus of services, an evolving client base or new business circumstances. The same is true for financial planning firms — mine included. Our recent rebranding to SageMint Wealth, while requiring a
IBM’s logo seen displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket | Getty Images Check out the companies making headlines after the bell: IBM — The tech company saw its stock dropping more than 5% in extended trading following a revenue miss in the third quarter. its top two business segments —
Sharing is Caring! by Raúl Ilargi Meijer George Bellows The Lone Tenement 1909 Our resident physician John Day in Texas comes with an update on his situation. It seems his clinic no longer seeks to fire him for refusing to be vaccinated, they now claim it’s for cause (it’s not). A doctor who has been
Genesis Volatility, another data provider, said while the flows for the $15,000-strike calls have been a mix of buyers and sellers, the initial transactions at this strike price started with a buy of roughly 700 contracts on Oct. 15. At the time, open interest was at roughly 8,000 contracts. There were about 40,000 contracts open
With a career as a renowned art auctioneer and founder of Los Angeles Modern Auctions, Shannon Loughery knows a valuable masterpiece when she sees one—and Loughery’s recently listed Midcentury Modern-style home in Encino is just that. Determining the value of a work of art is not so different from that of a home. Ask any
Cboe is acquiring Erisx to enter the crypto spot and derivatives markets. “With Erisx, in a single step, Cboe is able to enter the digital asset spot, data, derivatives, and clearing ecosystem. Now is the right time to fully embrace and help define this emerging asset class,” said Cboe’s chief operating officer. Cboe Entering Crypto
Where’s the best place for you to live once you retire? You can gain insights into that decision by reading the 2021-2022 Best Places to Retire report from U.S. News & World Report. For most people, however, the rankings may not be the most important factor when it comes to choosing a place to live during retirement. Let’s
Municipal benchmark yield curves were little changed on average trading Wednesday as the primary was the focus while the Investment Company Institute reported another week of inflows into municipal bond mutual funds. There was some uncertainty and a tentative mood hanging over the market, but traders said the large deals got done. Bids-wanted lists have
Kicking the can down the road is the new national pastime. Every time the government’s bills come due, officials at the Treasury Department find creative ways of paying them with money they don’t have. One measure of just how overextended the United States has become financially is the debt to GDP ratio. For most of