June 28, 2025

dollar

Funds

How Wall Street hedge funds are gambling millions on Eaton fire insurance claims

In a high-stakes gamble, Wall Street hedge funds are offering to buy claims that insurers may have against Southern California Edison if the utility is found liable for causing the devastating Eaton fire in Altadena. The solicitations are legal, but have alarmed California state officials — who loathe the idea of investors profiting from a

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Investors

Are Investors Losing Faith In The U.S. Financial System?

Sir Thomas Gresham’, (1897). English merchant and financier Gresham (circa 1519-1579) was the … More founder of the Royal Exchange in London. From Old and New London, Volume I, by Walter Thornbury. [Cassell and Company, Limited, London, Paris & Melbourne, 1897]Artist Unknown. (Photo by The Print Collector/Getty Images) Getty Images I had intended to write

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