Markets
Goldman Sachs Curbs Employee Prediction Market Trading
Goldman Sachs has banned employees from trading on prediction markets, citing compliance concerns. This move reflects a broader trend among financial firms...
The Editorial Team 1030 articles
Investing
Robotti Calls Out McDermott’s Rights Offering: Undervaluation, Insider Control Concerns
Longtime investor Robotti & Company urges McDermott International to amend its rights offering, claiming the $1.50/share price massively undervalues the business and...
World Business
Epoch Times Ex-CFO Pleads Guilty in $67M Multinational Money Laundering Scheme
The former CFO of The Epoch Times, Weidong “Bill” Guan, pleaded guilty to conspiracy in a $67 million money laundering scheme, admitting...
Economy
Fed Chair Warsh Assembles Five Expert Task Forces for Comprehensive Policy Review
Federal Reserve Chairman Kevin Warsh has launched five independent task forces, co-led by external advisors, to critically examine the Fed's methods, analytical...
Finance
US 30-Year Mortgage Rate Climbs to 6.49%, Boosting Homebuyer Costs
The average 30-year U.S. mortgage rate reached 6.49% this week, increasing borrowing expenses for prospective homebuyers. This rise adds financial pressure amid...
Stocks
Avoid These 9 Investing Blunders
Financial expert Barry Ritholtz, featured on Ticker Take, outlines nine critical mistakes investors commonly make, emphasizing avoiding pitfalls over seeking hot tips....
Economy
US Jobless Claims Dip to 215,000, Layoffs Stay Low
US jobless claims fell to 215,000 last week, signaling historically low layoffs. However, June's job growth was tepid, and hiring has slowed...
World Business
China Car Exports Up 80% in June on EV Demand, Domestic Sales Fall
China's passenger car exports surged 80% in June, driven by robust EV demand, even as domestic sales experienced a 26% decline. Automakers...
Finance
Hormuz Flare-Up Threatens Oil Supply Recovery, Goldman Warns
Renewed tensions in the Strait of Hormuz could impede the recovery of Middle Eastern oil supplies, Goldman Sachs Group Inc. cautioned, citing...