Shale oil bosses say Wall Street will not approve another round of drilling frenzy. Click to view...
Wall Street's oldest controversy is back on trend. Shares of US mortgage finance giants Fannie Mae and Freddie Midea surged on the US OTC market after a post by billionaire Bill Ackman sparked optimism that the two companies could leave the federal government's custody under Trump 2.0. Shares in Fannie and Freddie rose as much as 40 per cent, the highest since November. "What is particularly interesting about these two companies today is that there is a credible way to get them out of custody in...
Sol Strategies, a crypto investment firm led by Leah Wald, former boss and co-founder of Valkyrie Investments, bought validators for four networks, including Solana, for nearly $18 million. The company will purchase validators for the Solana (SOL), Sui (SUI), Monad, and ARCH networks from Cogent Crypto, with the bulk of the funding focused on SOL. Validators are entities that process transactions and help maintain the security of proof-of-stake blockchains such as Solana and Ethereum by staking ...
On October 29th, according to the New York Times, citing multiple people familiar with the matter, former New York mayor and Bloomberg boss Michael Bloomberg recently donated $50 million to a non-profit organization supporting Democratic presidential candidate Harris. According to people familiar with the matter, Bloomberg's latest donation to the non-profit organization Future Forward USA Action. Before the anonymous donation, he had given $47 million in public political donations to the Democr...
Shipping agent: Turkey's Bosphorus Strait has been suspended due to ship engine failure.
FTX has filed a motion seeking approval for a settlement with Caroline Ellison, the former Alameda Research boss, that would hand over "almost all of her assets". The motion, filed on October 7, asks the court to authorize a settlement agreement with Ellison, who agrees to transfer any assets not seized by the government in his criminal case or used to pay legal fees to FTX creditors.
Nathan Thooft, a senior portfolio manager at Manulife Investment Management in Boston, said that market expectations of a rate cut by the Federal Reserve were too aggressive given that the U.S. economy still compares relatively well with the rest of the world. Therefore, he expects future declines in the dollar to be limited and does not have enough confidence to make big currency bets.
On July 23rd, according to Politico, sources said that U.S. Senate Majority Leader Chuck Schumer and U.S. House Minority Leader Jeffries are expected to endorse Harris for the U.S. presidential election on Tuesday.
On July 18th, according to ABC News, US Senate Majority Leader Schumer said in a meeting with Biden on Saturday that it would be better for the country if Biden ended his re-election campaign. Earlier, other media reported that Schumer privately signaled to top Democratic gifters that he is willing to accept Democratic presidential candidates other than Biden.