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April Non-Farm Payroll Eve: Delay in U.S. Rate Cut As GDP Growth Slows


April Non-Farm Payroll Eve: Delay in U.S. Rate Cut As GDP Growth Slows
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Industry Dynamics

Warren Buffet Reveals Its USD 6.7 Billion Chubb Stake 

Today’s News Warren Buffett’s Berkshire Hathaway has disclosed a significant investment in Chubb, unveiling a USD 6.7 billion stake in the insurance company.  Warren Buffett’s Berkshire Hathaway has revealed a significant investment in Chubb, resolving a mystery that had intrigued many followers of the company. According to a regulatory filing made public after the market […]

2024-5-16 | Industry Dynamics

Nasdaq Hits New High: Meme Stock Surge Ahead of CPI Data

Today’s News Nasdaq rockets to new heights as meme stocks GameStop and AMC lead a pre-CPI surge, setting the stage for an eagerly anticipated economic report. Stock indexes surged to record highs on Tuesday as investors digested a mix of economic reports and looked ahead to the forthcoming consumer price index (CPI) data. While the […]

2024-5-15 | Industry Dynamics

Prosecutors Claim Bill Hwang's Archegos Was Built on Lies

Today’s News  Manhattan Federal Court Opens Trial on Alleged Market Manipulation by Archegos Founder Bill Hwang.  Sung Kook “Bill” Hwang’s trial began in Manhattan federal court, where he stands accused of deceiving Wall Street banks to obtain billions in funding, allegedly inflating stock prices.   According to Assistant U.S. Attorney Alexandra Rothman, Hwang’s ambition to […]

2024-5-14 | Industry Dynamics