New Jersey Congresswoman Mikie Sherrill under investigation for stock trades linked to congressional committees
WASHINGTON, D.C. — U.S. Rep. Mikie Sherrill (D-N.J.) is facing renewed criticism over her financial activities in Congress, including a reported failure to disclose up to $350,000 in stock sales and multiple…
Nancy Pelosi Stock Trades Indicate Elon Musk Could Be Next Target of Department of Justice
Is Elon Musk headed for a showdown with the Department of Justice? If Nancy Pelosi’s husband Paul’s recent stock trades are an indication, then Elon Musk could be the next target of…
‘What Were You Hiding?’: Josh Hawley Confronts Biden Energy Sec Over ‘False Testimony’ On Stock Trades
Republican Missouri Sen. Josh Hawley on Tuesday confronted Department of Energy Secretary Jennifer Granholm over previous testimony about her stock trades that was allegedly misleading. Granholm told Hawley in April 2023 that…
Crowded trades top worry list for hedge fund investors – BofA
By Nell Mackenzie LONDON (Reuters) – Concern that hedge fund portfolios contain too many of the same trades has shot up the worry list for global investors with hedge fund exposure, a…
Chinese developer Shimao trades flat after issuing plan to revamp offshore debt
HONG KONG (Reuters) – Shares in Chinese property developer Shimao Group were flat on Friday after it issued a restructuring plan to reduce up to $7 billion in offshore debt, becoming the…
Most EM currencies to rebound in 2024, ‘carry trades’ still attractive: Reuters poll
By Vuyani Ndaba and Devayani Sathyan JOHANNESBURG/BENGALURU (Reuters) – Most emerging market currencies will recover 2023 losses and trade modestly higher against the dollar next year as bets on interest rate cuts…
Treasuries central clearing reduces basis trades risks, says Moody’s
NEW YORK (Reuters) – An expansion of central clearing in the U.S. Treasuries market would reduce liquidity risks associated with a popular hedge fund arbitrage trading strategy that could strain the broader…
US Treasuries basis trades seen as less profitable as funding costs rise
By Davide Barbuscia NEW YORK (Reuters) – A hedge fund arbitrage trading strategy that likely exacerbated a crash in the world’s biggest bond market in 2020 and has recently undergone regulators’ scrutiny…
Hedge funds caught in crowded trades suffered in Thursday’s stock rally -Goldman Sachs
By Nell Mackenzie LONDON (Reuters) – Global hedge funds using algorithms to trade stocks endured one of their worst days of the year on Thursday, a Goldman Sachs note on Friday showed,…
Analysis-Fed shines light on path to US bank capital relief trades
By Shankar Ramakrishnan (Reuters) – A clarification of capital rules by the Federal Reserve may encourage U.S. banks to transfer more of the risk in their loan portfolios to investors, potentially letting…
Hedge fund Eisler Capital uses basis trades to add to positive year – letter
By Nell Mackenzie LONDON (Reuters) -Hedge fund Eisler Capital posted a 4.17% positive performance for the year to end-August, it said in a letter to investors, benefiting from a basis-trade strategy that…
Instant settlement of Indian stock market trades to come in by Oct 2024 – regulatory source
By Jayshree P Upadhyay MUMBAI (Reuters) – India’s market regulator expects instant settlement of stock market trades to be implemented by October 2024, a source from the regulator told Reuters on Tuesday.…
Hedge funds drop short trades on U.S. regional banks – Goldman
By Nell Mackenzie LONDON (Reuters) – Hedge funds ditched short bets against U.S. regional banks as of the end of August and turned bullish on the broader U.S. financial sector, according to…
Exclusive-India cenbank nudges banks to settle UAE trades in rupee, dirham -sources
By Siddhi Nayak, Jaspreet Kalra and Shivangi Acharya MUMBAI/NEW DELHI (Reuters) – India’s central bank is nudging local banks to ask their clients to settle trade between the United Arab Emirates and…
Senators propose banning stock trades for US Congress, president
WASHINGTON (Reuters) – Members of the U.S. Congress, the president, vice president and senior executive branch officials and their relatives will be banned from trading stocks under bipartisan legislation introduced on Tuesday.…
Global hedge funds ditch losing trades after failing to beat the MSCI – Goldman
By Nell Mackenzie LONDON (Reuters) – Global hedge funds exited trades in the past week at their fastest pace since January and at one of the highest rates seen in the last…
Exclusive-Deutsche Bank used big trades to raise cash in March turmoil -sources
By Francesco Canepa and Tom Sims FRANKFURT (Reuters) – As banks came under mounting pressure in March, Deutsche Bank used big trades to give its cash buffers a temporary boost, employing a…
New Jersey hedge fund, founder settle SEC charges over improper trades
By Chris Prentice NEW YORK (Reuters) – A New Jersey hedge fund and its founder have agreed to pay $19.3 million to settle charges by the U.S. Securities and Exchange Commission (SEC)…
Five trades from hedge funds to navigate US-China tensions
By Nell Mackenzie, Carolina Mandl and Summer Zhen LONDON (Reuters) – Hedge funds are watching growing U.S.-Chinese geopolitical tensions and have spotted ways to trade them. U.S. authorities on Thursday told TikTok’s…
UK watchdog may not probe LME cancelled nickel trades, lawyers say
By Pratima Desai and Eric Onstad LONDON (Reuters) – An enforcement action launched on Friday by a British financial watchdog over a nickel crisis at the London Metal Exchange last year may…
Investors see Hong Kong property stocks, funds as reopening trades
By Georgina Lee HONG KONG (Reuters) – As global investors look for ways to profit from China’s reopening from pandemic controls, the beaten-down shares of Hong Kong’s property firms and real estate…
Former President Of The New York Building And Construction Trades Council And 10 Other Union Officials Plead Guilty To Accepting Bribes And Illegal Payments
Damian Williams, the United States Attorney for the Southern District of New York, and Raymond A. Tierney, District Attorney for Suffolk County, announced today that 11 former union officials — JAMES CAHILL,…
Analysis-Options trades, lockstep moves fuel U.S. stock swings
By Saqib Iqbal Ahmed and Carolina Mandl NEW YORK (Reuters) – A surge in short-term options bets, rock-bottom equity allocations and tandem moves in individual stocks are exacerbating swings in U.S. equity…
Nancy Pelosi Flees The Podium After Being Asked About Her Husband’s Stock Trades
Nancy Pelosi Flees The Podium After Being Asked About Her Husband’s Stock Trades Gabe Kaminsky on July 21, 2022 Nancy Pelosi fled her weekly press conference Thursday after being asked whether her…
Universal Technical Institute Will Add 15 New Programs in Transportation and Skilled Trades Across Its National UTI/MIAT Campus Footprint
Execution of the MIAT College of Technology program expansion drives growth and diversification, gives students additional training opportunities for in-demand careers PHOENIX, June 9, 2022 — Universal Technical Institute (UTI) is executing on the…
U.S. House speaker Pelosi discloses trades in Apple and Microsoft
By Noel Randewich (Reuters) – U.S. House Speaker Nancy Pelosi disclosed new stock market trades on Monday, showing purchases of options to buy shares of Apple Inc and Microsoft Corp. In a…
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