US Oil Reserve Releases Are a Big Nothing, Market Says
Biden moves to take out 50 million barrels from storage, but petro price blips up.
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Fading Inflation? Here Comes a Wage-Price Spiral, BCA Says
Worker pay will accelerate and move beyond the low-end of the comp ladder, the firm’s Berezin warns.
This Month’s Hedge Fund Performance Shows Significant Improvement From Q3
Smaller funds also seem to be outperforming larger funds in the long run.
Digital Token Registrations Shut Down by SEC
American CryptoFed allegedly filed misleading forms while trying to register Ducat and Locke as securities.
Ohio Pension Sues Facebook Over Whistleblower Scandal
The lawsuit alleges misleading statements ‘erased more than $100 billion in shareholder value.'
What Stocks Will Be the Big Winners Up Ahead? Why, Tech
LPL sketches out the case for continued market leadership from the technology folks.
How Is Europe’s Sustainable Finance Disclosure Regulation Working Out?
The rules require firms with 500 or more employees to disclose multiple ESG metrics.
CIO, Executive Director Resign From Embattled Pennsylvania PSERS
Jim Grossman will stay on until May, while Glen Grell will leave at the end of February.
Two Newly Hatched EV Makers, Rivian and Lucid, Surge to Ford and GM’s Level
They exceed or nudge close to the legacy automakers’ market caps. Shades of Tesla.
Blackstone Taps SASB Founder Jean Rogers as ESG Head
It’s the latest in a slew of recent ESG-related hirings by the private equity giant.
CalPERS to Bring in Consultant Lenox Park to Help Diversity Efforts
The firm is expected to assist with collecting data on emerging managers.
Powell’s Stock Market Performance: So-So Versus Fed Peers
Of all 16 Federal Reserve chiefs, the current one—who may or may not get a second term—is No. 7 in Dow returns, says CFRA.
Public-Sector Pensions Help Drive Canadian Economy
A report finds Canadian plans add C$82 billion to the country’s GDP annually.
Pressure Mounts on CalPERS to Ditch Fossil Fuels
One public commentator accused the pension fund of investing in ‘merchants of death.’
Gold and Bitcoin, Seen as Opposites, Will Become Co-Equals, Says Market Savant
To Peter Boockvar, the two seeming rivals have a lot in common, and will ‘complement’ each other in time.