This should be read in the context of Larry Fink, the CEO of Blackstone, the largest asset manager in the world, saying the warning signs of the U.S. economy are getting darker. In what is likely to be a bid… Read More ›
federal reserve
U.S. investors prefer growth over quality
Although the share prices of companies with high sales volumes have significantly outperformed quality stocks thanks to the loose monetary policies by the Fed, the market dynamics however is likely to reverse with the Fed deciding to gradually taper down… Read More ›
Citigroup revives Analysts and Investors conference
Although the event is invite-only, just about anyone with an internet connection can tune in to the event. Citigroup Inc will be holding a day-long investor conference on Tuesday. This is noteworthy since this will be the first time, since… Read More ›
Warren Buffet’s Berkshire Hathaway set to be Bank of America’s biggest shareholder
With this development, Buffet has nearly tripled the return of investments he made 6 years ago. In a significant development, Warren Buffett’s Berkshire Hathaway Inc, is on the verge of becoming the largest shareholder of Bank of America Corp. On… Read More ›
U.S. Federal Reserve fines Deutsche Bank $156.6 million for violating forex rules
Transcript of traders communicating in online chat rooms, which had led Deutsche Bank to settle in an earlier probe by Brazil’s antitrust watchdog Cade in December, show that banks had worked together to manipulate forex rates. The U.S. Federal Reserve… Read More ›
Kaspersky Lab links Lazarus Hacking group to Bangladesh cyber heist
Kaspersky Lab’s report states that at the face of it Lazarus is linked to North Korea however the link is not conclusive. Given the fact that Lazarus is a group of professional hackers, the chances of finding clinching evidence is… Read More ›
Snap Inc. and Uber technologies to lead IPO wave in U.S. in 2017
Although IPOs in the U.S. fell by more than a third in 2016, compared to 2015, the IPO scene is set to get a boost now that the uncertainty of the presidential elections is over. Fueled by a stronger economic… Read More ›
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