Warren Buffett’s Berkshire Hathaway has bet big on Chevron and Occidental Petroleum this year. Josh Young said Buffett likely felt both companies were undervalued, and trusted their management. The energy-stock guru also highlighted the pair’s scale and how crude prices affect their profits. Loading Something is loading. Warren Buffett’s Berkshire Hathaway has unexpectedly piled into… Continue reading Warren Buffett’s Berkshire Hathaway has plowed over $25 billion into Chevron and Occidental this year. One energy guru suggests why.
Meme stocks sank Melvin Capital. Now it’s reportedly being investigated by the SEC over its risk management practices.
The SEC has obtained information from Melvin Capital regarding its communication with investors, the Wall Street Journal reported. The regulator has also contacted investors about what Melvin’s founder and other top executives said during last year’s meme-stock rally. The investigation is in early stages, per the report, and may not lead to any formal claims… Continue reading Meme stocks sank Melvin Capital. Now it’s reportedly being investigated by the SEC over its risk management practices.
BlackRock says it will offer clients spot bitcoin exposure a week after partnering with Coinbase for institutional trading push
BlackRock said Thursday it’s launching a private trust to provide spot bitcoin exposure to its US institutional clients. The move comes after BlackRock teamed up with crypto trading platform Coinbase. Bitcoin on Thursday moved higher to trade above $24,000. Loading Something is loading. BlackRock is extending its reach into the crypto world by launching a… Continue reading BlackRock says it will offer clients spot bitcoin exposure a week after partnering with Coinbase for institutional trading push
Russia now controls at least $12.4 trillion worth of Ukraine’s energy, metal and mineral deposits, report says
Brian Evans Ukrainian President Volodymyr Zelenskyy. Ukrainian Presidential Press Office via Associated Press Russia now controls $12.4 trillion worth of Ukraine’s key natural resources, according to an analysis for The Washington Post by SecDev. If the Kremlin succeeds in annexing Ukrainian land seized during Russia’s invasion, Kyiv would permanently lose almost two-thirds of its deposits.… Continue reading Russia now controls at least $12.4 trillion worth of Ukraine’s energy, metal and mineral deposits, report says
The market rally on the back of July’s CPI reading may be ‘too euphoric’ and investors should still be wary of rising inflation, says DataTrek
Investors should be wary of diving back into what could still be a bear market, as not everything on the inflation front looks rosy, DataTrek said. While consumer prices overall cooled, food inflation hit another high of 10.9% in July. “We remain positive on US stocks, but worry that markets are ahead of themselves here,”… Continue reading The market rally on the back of July’s CPI reading may be ‘too euphoric’ and investors should still be wary of rising inflation, says DataTrek
An unknown Chinese merchant spends $376 million on 13 cargo ships for risky Russian oil transfers on the high seas, report says
An anonymous Chinese firm has spent $376 million on 13 tankers to execute ship-to-ship transfers of Russian crude in the mid-Atlantic. All 13 ships are linked to the same office building in Dalian, China, according to maritime intelligence site Lloyd’s List. The fleet represents the core of a new, high-risk transshipment hub for Russian crude… Continue reading An unknown Chinese merchant spends $376 million on 13 cargo ships for risky Russian oil transfers on the high seas, report says
Investors are betting there’s a 60% chance of a smaller Fed rate hike in September after July inflation cooled
Investors on Wednesday were betting the Fed will dial back on rate hikes next month after July’s CPI reading. The CME FedWatch tool showed a 41.5% probability of a September rate increase of 75 basis points, coming down from 68% on Tuesday. The US Dollar Index was lower after July inflation cooled to 8.5%. Loading… Continue reading Investors are betting there’s a 60% chance of a smaller Fed rate hike in September after July inflation cooled
Hedge funds may have to disclose cryptocurrency exposure via confidential filings that regulators use to spot bubbles and other threats to financial stability
Regulators want hedge funds to disclose their cryptocurrency exposure via confidential filings. Form PF was designed in response to the 2008 financial crisis to better identify potential risks to market stability. The Securities and Exchange Commission and the Commodity Futures Trading Commission are expected to issue a proposal Wednesday. Loading Something is loading. Regulators on… Continue reading Hedge funds may have to disclose cryptocurrency exposure via confidential filings that regulators use to spot bubbles and other threats to financial stability
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