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Apr.21 — A Chinese government bailout or a financial backstop may be in the works to clean up the balance sheet of troubled Huarong Asset Management Co. Sources say China is considering a plan for the PBOC to assume more than $15 billion of unprofitable assets from the state-owned asset manager. Bloomberg’s Stephen Engle reports
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Apr.21 — U.S. regulators are considering tougher disclosure requirements for investment firms in response to the implosion of Archegos Capital Management and trading gyrations in GameStop Corp. Meanwhile, Wall Street banks have long relied on a familiar system to limit the dangers of trading with big clients: assign sales staff to win deals, and risk controllers to
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Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC JPMorgan Chase CEO Jamie Dimon said Wednesday that “justice was served” after a jury found ex- Minneapolis police officer Derek Chauvin guilty on all three charges,
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In a time when folks are on the hunt for all sorts of high-flying assets, we shouldn’t ignore legendary fund manager Peter Lynch’s “invest in what you know” credo. Costco Wholesale (NASDAQ:COST) stock offers familiarity and low volatility. While Costco probably won’t make you wealthy overnight, the long-term returns have been substantial. Source: Helen89 / Shutterstock.com
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Drought remains a major problem in the U.S. Northern Plains. The entire state of North Dakota, most of South Dakota and large parts of Nebraska have been in some stage of drought for months. What could be the impact on Spring plantings and overall acreages? Presented by @CME Group: https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights
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