Former Speaker of the House Rep. Nancy Pelosi speaks to members of the press after a members-only classified briefing.Alex Wong/Getty Images Nancy Pelosi disclosed her husband’s recent stock trades, which include a set of AI-related names. Paul Pelosi purchased shares of Nvidia and call options on Broadcom, and sold shares of Tesla. Trading activity by […]
(Bloomberg) — The red-hot Washington debate over whether President Joe Biden will scrap his run for re-election is spilling into Wall Street, where traders are shifting money to and from the dollar, Treasuries and other assets that would be impacted by Donald Trump’s return to office. Most Read from Bloomberg The recalibration of portfolios kicked […]
By Shankar Ramakrishnan (Reuters) – Earlier this year a hedge fund structured two trades worth $642 million, the kinds of which have not been seen since the 2008 crisis. It sold insurance to two U.S. lenders against losses on a loan portfolio, and then sold much of that risk to investors. The trades, a form […]
Randy Little has gone from boots to berries … and he’s not kiddin’. Formerly the Ozarks’ king of western wear, Little now spends his mornings among thousands of strawberry, blackberry, and blueberry plants on a farm in western Greene County. Whether frozen, pre-picked, or picked yourself, Missouri Berries’ blueberry and blackberry plants are now ready […]
NEW YORK (Reuters) – The Massachusetts securities regulator is probing the trading activities of GameStop investor Keith Gill, who gained notoriety as stocks influencer “Roaring Kitty” during the 2021 meme stock frenzy. Massachusetts Secretary of State Bill Galvin, the state’s top securities regulator, is looking into Gill’s activities, a spokesperson said, declining to comment further. […]
STORY: At least 60 stocks listed on the NYSE were halted due to volatility and some stocks showed unusual outsized movements. Berkshire Hathaway and Barrick Gold shares were shown to be down 99.97% and 98.54%, respectively, due to the technical issue, before those trades were corrected. “Any trades that were placed outside of normal market […]
(Bloomberg) — Shares of Temu parent PDD Holdings Inc. are being held back by geopolitical risks and fierce competition in China’s e-commerce sector. Most Read from Bloomberg Granted, it US-listed stock has surged 43% surge from a March low, but it’s still trading at just 13 times expected earnings for the next year. That’s half […]
Beginning May 28, Wall Street must settle stock and many other trades within one business day. – Ina Fassbender/Agence France-Presse/Getty Images For decades, Wall Street has been processing trades faster and faster, and on May 28 the industry will hit a new benchmark when it moves from the T+2 to T+1 settlement cycle. This means […]
Dave McCormick, the Republican challenger for Pennsylvania’s coveted U.S. Senate seat, completed a 67-county tour of the Keystone State on Friday. It’s not quite the “full Grassley” of presidential politics, when candidates visit all 99 counties ahead of the Iowa caucuses, but with President Biden and former President Trump in a dead-heat for Pennsylvania and […]
(Bloomberg) — When US markets reopen next Tuesday after the long weekend, everything will likely seem normal. It’s only after the close and in the following days that any cracks are expected to appear. Most Read from Bloomberg A spike in the number of failed trades, operational glitches and additional costs are among industry fears […]
Holger Schwannecke, Secretary General of the Central Association of German Crafts (ZHD), stands at a press event in the House of Crafts. Jens Kalaene/dpa-Zentralbild/ZB Germany’s skilled trades sector is facing a decline in turnover and the loss of up to 80,000 jobs, the country’s skilled crafts association (ZDH), which represents about 5.7 million workers, said […]
(Bloomberg) — Israeli Prime Minister Benjamin Netanyahu attacked Colombian President Gustavo Petro after the South American leader called for his arrest over the war in Gaza. Most Read from Bloomberg “Israel will not be lectured by an antisemitic supporter of Hamas,” Netanyahu wrote in a post on X on Saturday. Earlier this month, Petro said […]