While bond traders have long been betting on a dovish turn from the Federal Reserve, stock traders have yet to fully embrace this and would fuel an equity rally on such an outcome, according to JPMorgan Chase & Co.’s trading desk.
Bitcoin climbed Tuesday as renewed fears of stability in the US financial system bolstered the price of cryptocurrencies.
Stanley Druckenmiller, the hedge fund investor and long-time deficit hawk, said the current impasse over the debt ceiling is dwarfed by the dangers of unchecked future government spending.
Johnson & Johnson should not be allowed to use a small unit’s bankruptcy case to end tens of thousands of cancer lawsuits because the strategy is rooted in bad faith, the US Trustee said in a court filing.
The Navy is the most hobbled by readiness failures among the four US military service branches, according to congressional auditors, a worrisome assessment given the crucial role it would play in any potential conflict with China.
One of crypto’s focal characteristics is that it trades around the clock, every day of the year. Now the market is, due to a number of recent shifts in the industry, becoming much more focused on a Monday-through-Friday routine.
Ireland’s foreign minister criticized China on human rights and its stance over Russia’s war in Ukraine and rejected the idea that Europe is being squeezed between Beijing and Washington.
Byron Allen, comedian, TV producer and media mogul, says he’s interested in acquiring BET Media Group, the Paramount Global unit that runs the cable TV channels Black Entertainment Television and VH1.
Guggenheim Partners is keeping most of its Chicago offices closed, with a number of employees relocating, the latest symbolic blow to a city reeling from the high-profile exit of Ken Griffin’s Citadel.
Vice President Kamala Harris is meeting Thursday with the chief executive officers from top artificial intelligence firms Alphabet Inc., Microsoft Corp., OpenAI Inc., and Anthropic as part of a Biden administration effort to pressure companies to implement safeguards around the emerging technology.
