Mark Cuban: Stock Rally Will Continue as Long as Low Rates Do
Billionaire entrepreneur and 'Shark Tank' star, unlike Paul Tudor Jones, doesn’t see this year as a 1999 re-run, with its bursting bubble.
News
Rhode Island Launches Offensive Against Assault Weapons and Private Prisons
State Treasurer Seth Magaziner cites perverse corporate incentives and escalating violence for pulling investments out of the two industries.
SEC Charges Two for Allegedly Selling Fake Interests in Marijuana Firm
Alleged fraudsters used ill-gotten gains to buy luxury cars and a yacht.
New York City Takes ‘Major Next Step’ on Fossil Fuel Divestments
City hires Meketa Investment Group to develop divestment plan by end of year, citing federal inaction on climate change.
Negative Surprises Spurs IMF to Cut Global Growth Forecast
IMF sees few signs of a turning point amid ‘new normal’ of higher uncertainty.
Good Economy Means a Trump Win, Says PE Potentate Rubenstein
Incumbent presidents only lose due to recessions, Carlyle founder argues.
Illinois SURS Seeks Fixed-Income Manager of Managers
Strategies include global investment grade, high yield, global bank loans, emerging market debt.
Chilean President Pitches Reform in Wake of Deadly Pension Protests
Under a new proposal, 6% in new contributions would be made by the country’s employers to sustain retired citizens above the poverty line.
Ohio’s State Pension Slashes Healthcare Benefits amid Insolvency Concerns Threat
The board at OPERS voted to reduce medical benefits to avoid collapse by 2030.
Stock Market Feels Like 1999’s, Says Paul Tudor Jones
Hedge fund honcho thinks current wacky times could be headed for a popping bubble.
Tax Cuts Could Come Back to Haunt State Retirement Systems
Report urges states to close tax loopholes to avoid cutting pension benefits.
SEC Charges Convicted Criminal Over Fraudulent Coin Offering
Alleged perp in crypto-currency scam, Boaz Manor, said to dye his hair, grow a beard to hide identity.
StepStone Group Assembles Underwriters for Upcoming IPO
The alternative asset class investor is said to be gearing up for an upcoming public offering.
Scary Similarity: The Roaring Twenties and Today
Then resembles now a lot, says State Street’s Arone. And we know how the 1920s ended.
More Than Half of UK Public Universities Commit to Divest Fossil Fuel
Divestment campaign gathers steam with 79 universities signing on since 2014.