GDP Growth Slows Down Big Time; the Market Shrugs
As a third quarter economic deceleration was expected, the S&P 500 keeps on gaining.
Risk
Cathie Wood vs. Jack Dorsey: Deflation or Hyperinflation?
The disruption avatar takes on the Twitter founder over his Weimar-like projection.
Asset Managers Are Feeling Leery, BofA Survey Finds
The bank says its survey is the ‘least bullish’ since October 2020.
Missouri Teachers’ Pension Hit by Cyber Attack
Accessed files contained personal information such as names and possibly birth dates, but not Social Security numbers.
Moderna Easily Outpaces Giant Rivals in Stock Market
As booster shots win approval, the smaller firm’s shares blast past J&J and Pfizer’s.
The Curious Case Against Hedge Funds in Kentucky
Missouri’s new CIO is still fighting a nearly four-year-old lawsuit in Kentucky over investments that appear to have performed as intended.
Biden Labor Department Wants to Ease Options for ESG Investing
A new proposed rule would end Trump-era barriers to retirement plans using environmental assessments in asset allocation.
Supply Chain Snarls Are Temporary, Dimon Says
JPM chief: High US consumer spending will keep economy chugging.
Buy Pummeled Facebook Stock on the Dip, JPM Says
Despite wretched publicity and talk of a regulatory crackdown, the company is resilient, an analyst argues.
Trader Is Accused of Speculative Trading That Bankrupted His Employer
Keith Wakefield allegedly lost $30 million from unauthorized risky bond trades, which forced IFS Securities to go out of business.
CPPIB Loses International Head, Acquires US Marine Terminal
Alain Carrier leaves the Canadian pension giant after 14 years to lead private equity firm Bregal Investments.
Virus Will Become ‘Manageable,’ Vaccine Chief Says
The co-founder of BioNTech believes COVID-19 will stick around, but not be such a threat.
Ken Griffin Takes Fire Again Over Robinhood–GameStop Imbroglio
Social media explodes as a lawsuit charges he colluded with the brokerage to thwart meme investors.
Boston University Joins Harvard in Divesting From Fossil Fuels
The $3 billion endowment, which eliminated coal and tar sand investments in 2016, will phase out crude oil and natural gas immediately.
Yellen: Inaction on Debt Ceiling Could Bring a Recession
The Treasury chief decries stalemate in Congress on spending authority.