One of the challenges for any investor, no matter what method they prefer to use, is how to find new, useful opportunities to put their money to work. In that effort, one area that I think most investors don’t think about is investing in the companies that make access to the markets possible. I like […]
Read More(Bloomberg) — Equity investors hoping for a reprieve in the new year after a brutal 2022 are likely to be disappointed, according to Michael Kantrowitz at Piper Sandler & Co. The strategist, ranked No. 3 in the last year’s Institutional Investor survey, predicts that the S&P 500 will fall 16% to 3,225. The price target […]
Read More(Bloomberg) — Euphoria is sweeping every corner of Wall Street in the wake of the latest data that suggests inflation is peaking from a four-decade high. Yet big money managers are in no mood to celebrate – betting that the world will have to contend with elevated prices for years to come, in a game-changer […]
Read More(Bloomberg) — A sober warning for Wall Street and beyond: The Federal Reserve is still on a collision course with financial markets. Stocks and bonds are set to tumble once more even though inflation has likely peaked, according to the latest MLIV Pulse survey, as rate hikes reawaken the great 2022 selloff. Ahead of the […]
Read More(Bloomberg) — On a boat under the Statue of Liberty at happy hour one August Thursday, young Morgan Stanley colleagues sipped champagne and smiled. Two Citigroup Inc. banking analysts left the company’s headquarters by 5:40 p.m. to drink across the street. A young investment-banking analyst who came close to burning out last year now has […]
Read More(Bloomberg) — Barclays Plc’s $600 million structured products blunder has little precedent on Wall Street. But the bank’s past misconduct may have set the stage for the paperwork fail it revealed this week. A key issue at the heart of the regulatory breach appears to be its loss of the so-called well-known seasoned issuer status […]
Read More(Bloomberg) — For decades, global finance firms eagerly catered to Russian firms, billionaires and the government. Then tanks started rolling into Ukraine. Citigroup Inc., which has thousands of staff and billions of dollars of assets in Russia, has said it will cut back much of its business in the country. Goldman Sachs Group Inc., JPMorgan […]
Read More(Bloomberg) — AMC Entertainment Holdings Inc. said it’s buying 22% of a gold and silver mining company, marking an unorthodox move for the world’s largest movie-theater chain and a past darling of meme-stock investors. The cinema giant is investing in Hycroft Mining Holding Corp. alongside Eric Sprott, a gold and silver investor, AMC said in […]
Read MoreAs supply recovers more slowly than demand, shortages of everyday items have led to price increases. Olivier Douliery/AFP via Getty Images The Federal Reserve is the nation’s chief economic doctor. Its job is to diagnose problems in our economy and then to treat the patient. Critically, this requires differentiating between symptoms and underlying causes. In […]
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