Author: Press Room
Agilon Health director discloses purchase of over 22K shares
Sen. John Cornyn, R-Texas, blasted Senate Judiciary Committee Chairman Dick Durbin, D-Ill., during a hearing Thursday that ended in Democrats subpoenaing Republican donor Harlan Crow and conservative judicial activist Leonard Leo.The Senate Judiciary Committee voted to subpoena Crow and Leo after consideration of several judicial nominees. In his opening remarks, Durbin said the subpoenas are “key pieces of our legislative effort to establish an effective code of conduct” for the Supreme Court.The hearing contained several contentious moments, with Republican committee members warning of precedents they said Democrats were setting with their actions. Cornyn fired directly at Durbin after allegedly not allowing Republicans…
Rockefeller Center at Christmas Time by Franklin McMahon (Photo by Franklin McMahon/CORBIS/Corbis … [+] via Getty Images)Corbis via Getty Images For many, the holiday season marks a time for giving thanks. Stock investors in particular may be very thankful this year. The S&P 500 has risen double digits. Inflation has slowed. The Cboe Volatility Index, also known as Wall Street’s “fear gauge” remains low, implying confidence in markets. However, interest rates and prices remain high, and market conditions are always subject to turn on a dime. Investors know that it is the future, not that past, that matters for their…
Internal equity valuation of $19bn in October would be vastly lower today
© Reuters. FILE PHOTO: FILE PHOTO: OPEC’s logo is seen in this illustration taken, October 8, 2023. REUTERS/Dado Ruvic By Alex Lawler, Olesya Astakhova, Maha El Dahan and Ahmad Ghaddar LONDON/MOSCOW/DUBAI (Reuters) -OPEC+ oil producers on Thursday agreed to voluntary output cuts totalling about 2.2 million barrels per day (bpd) for early next year led by Saudi Arabia rolling over its current voluntary cut. Benchmark global oil prices settled down around 2% [O/R], in part because the reductions were voluntary and because of investor expectation ahead of the meeting that additional supply cuts might be deeper. Saudi Arabia, Russia and…
© Reuters. Regulators Eye Citadel and Peers for Potential Market Instability Quiver Quantitative – The hedge fund industry, led by multimanager giants like Citadel, Millennium Management, and Balyasny Asset Management, is under increased scrutiny from regulators and market participants due to concerns overcrowded trades and systemic risks. These funds, managing over $1 trillion combined, have seen remarkable growth and success, yet their tendency to engage in similar trades has raised alarms about potential market destabilization. Ken Griffin of Citadel acknowledges the risks, noting the possibility of significant collective losses if these funds simultaneously exit their positions. Regulatory bodies like the…
Guidewire Software COO Priscilla Hung discloses sale of over 6K shares
The Senate Judiciary Committee authorized subpoenas on Thursday for conservative allies of Justices Clarence Thomas and Samuel A. Alito Jr., acting over angry objections from Republicans to secure more information about luxury travel, gifts and other benefits provided to members of the Supreme Court.The panel concluded an acrimonious session with Republicans storming out as Democrats voted to approve subpoenas for Leonard Leo, a leading conservative judicial activist, and the billionaire Republican donor Harlan Crow. They were the latest steps in the committee’s inquiry into the court after a series of media reports about undisclosed trips and real estate deals.Senator Richard…
The cheapest Tesla Cybertruck is going to cost almost $61,000.The Cybertruck was originally supposed to have an affordable starting price.Details for the Cybertruck were finally released Thursday. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app The cheapest Tesla Cybertruck, which won’t even be available until 2025, is going to cost almost $61,000.The starting price for the Cybertruck is $60,990 for the rear-wheel drive, 250-mile range model. An all-wheel drive, 340-mile range Cybertruck costs $79,990, while the “Cyberbeast” 320-mile range model will run you $99,990.All…
Apple Is Trying to Unwind Its Goldman Sachs Credit Card Partnership Apple has given Goldman Sachs a proposal to end its credit card and savings account partnership within the next 12 to 15 months. The move, if it were to happen, would effectively end one of the highest-profile partnerships between a bank and a tech company. It would also mean that Apple would need to find a new financial partner for its popular credit card, Apple Card, and its high-yield savings accounts under the Apple brand. While Apple offers both its credit card and savings account through the wallet app…