Matt Cole: ‘A social and political agenda is being pushed into corporate America’ with investors’ money
Strive Asset Management CEO Matt Cole argues that ESG is hurting investor returns and discusses how his firm is trying to revolutionize the industry. American companies are increasingly involved in left-wing political movements, ESG-focused investments, DEI practices, and Stakeholder capitalism, All of this is putting a financial strain on Americans, argues Matt Cole, CEO of […]
Investors push Glencore to scrap spin-off of heavily polluting coal division | Glencore
Glencore has backed away from plans to spin off its coal business after shareholders urged the company to keep the highly profitable but polluting division. The FTSE 100 company said shareholders overwhelmingly supported keeping the coal business alive rather than plans to list it as a separate company on the New York Stock Exchange. More […]
What should investors do during stock market selloffs?
Jason Katz, managing director and senior portfolio manager at UBS, appeared on “Varney & Co.” to react to the ongoing market sell-off. Stocks plummeted on Monday. Concerns about the U.S. economy With major stock indexes in their worst performance in two years and a possible recession, some investors are concerned about how to protect their […]
Investors raise the odds of a 50-basis point Fed rate cut in September
Jeff Sica of Circle Squared Alternative Investments weighed in on the market sell-off, arguing that the problem lies in the credit markets. Concerns about an impending recession have led some Wall Street economists to Federal Reserve It is likely to approve an unusually large interest rate cut at its next policy meeting in September. A […]
California Investors Colonize Kamala Campaign
California’s Kamala Harris has brought her state’s lobbying, advisors, money and political priorities to the upper echelons of the Democratic Party. Her newly announced top aides include California Tony West“He has served as a key liaison to business leaders and major donors, according to people with knowledge of his role,” said her brother-in-law, a top […]
Dow sinks 1000 points as tech woes, currency markets shake investors
Stock markets took a big hit on Monday as investors sold shares in U.S. companies and unwrapped positions in the Japanese yen, which has strengthened against the dollar after the Bank of Japan raised interest rates. The Dow Jones Industrial Average, which is made up of the largest U.S. companies, closed down 1,033 points, or […]
Bitcoin, crypto shares plunge as investors pull back on risky stocks amid fears of recession
Bitcoin and U.S. cryptocurrency stocks fell sharply on Monday along with the rest of the stock market as weak jobs data and the Fed’s decision to hold off on cutting interest rates stoked fears of a U.S. economic recession. Bitcoin prices have fallen more than 15% over the past five days, dropping below $55,000 to […]
Reid Hoffman, Mark Cuban lead more than 100 Silicon Valley investors backing Harris
LinkedIn co-founder Reid Hoffman and TV personality Mark Cuban are leading a group of more than 100 venture capitalists backing Harris, a strong endorsement amid concerns about former President Trump’s expansion into Silicon Valley. “We spend our days seeking out, investing in, and supporting entrepreneurs shaping the future,” VCs for Kamala’s website states. “We support […]
S&P 500, Nasdaq eke out small gain Monday as investors gear up for big tech earnings this week: Live updates – CNBC
1 hour ago S&P 500 and Nasdaq end Monday with modest gains The S&P 500 and Nasdaq Composite Indexes were up slightly on Monday as investors focused on earnings forecasts from major technology companies due to be released in the coming days. The S&P 500 rose 0.08% to finish at 5,463.54, the Nasdaq Composite rose […]
Bond traders are betting on Trump. Investors should stay on the sidelines.
The upcoming US presidential election has become one of the most surprising in American history, with President Biden withdrawing his candidacy and endorsing Vice President Kamala Harris as his successor. Key members of the Democratic Party are now united in their support for her nomination. Biden’s decision was widely expected after his poor performance in […]