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
Times are tough for the average 60/40 investor. While a split between stocks and bonds once indicated a diversified portfolio that could handle a wide variety of external shocks, tariffs and economic uncertainty have made fixed income less of a hedge against volatility. “Long-term US bonds have recently failed to protect against equity downside, both
Enhanced Intelligence Delivers Faster Automation, Smarter Analysis, and Improved Decision-Making for Web3 Finance Singapore, Singapore–(Newsfile Corp. – May 20, 2025) – Atua AI (TUA), the decentralized AI-powered productivity platform, has refined its integration with Grok AI to elevate the performance and responsiveness of real-time applications in cryptocurrency environments. This upgrade empowers developers, traders, and enterprises
Jamie Dimon isn’t a fan of bitcoin, but he plans to start offering it to clients of JPMorgan Chase, nonetheless. “We are going to allow you to buy it. We’re not going to custody it. We’re going to put it in statements for clients,” Dimon said Monday at the bank’s annual presentation for investors. “I
Remember the inverted yield curve? Buzz around the recession indicator, which has preceded every economic downturn since the 1960s, has died out over the last few years. As the Federal Reserve hiked interest rates in 2022, long-end Treasury rates dipped below yields on the short end, sparking fears about the economy’s health. But a recession
Warren Buffett said he would step down as Berkshire Hathaway’s CEO after 55 years, eliciting tributes from investors and business leaders. Buffett, 94, made the announcement on Saturday during the company’s annual shareholder meeting in Omaha, Nebraska. The crowd gave Buffett two standing ovations, acknowledging his career as the longest-serving chief executive of an S&P
The former chairman of Vinco Ventures, which tried and failed to popularize a TikTok rival, pleaded guilty to conspiring to commit securities fraud. Roderick Vanderbilt was Vinco’s chairman during a tumultuous period at the company, which was detailed in an investigation by Business Insider. Its stock swung wildly on a string of splashy announcements — including
Investors’ fever dream could soon be over. Markets have been cast into the world of the bizarre over the last few weeks. An escalating trade war with China has led to a staggering 125% tariff on goods from one of America’s biggest trading partners. Most countries worldwide were — and may still be, come July
Uncertainty has been the flavor of the month in April on Wall Street. Tariffs of 10% are still in place on most countries, leaving investors wondering about inflation and recession prospects as consumer and business sentiment decline rapidly. President Donald Trump also continues to flip-flop on his most extreme tariff policies almost daily. When will
Gold is trouncing other assets in 2025. The precious metal’s record-setting year is a sign that investors—racked by uncertainty over tariffs, the economy, and inflation—see it as a place to hide while the broader market stumbles. The price of the precious metal rallied again on Tuesday, with gold climbing as high as $3,506 at midday