Institutional investors are more concerned with stagflation than a recession next year, according to a survey conducted by Natixis. The investment bank found that 65% of institutions see stagflation, which refers to economic stagnation combined with inflationary pressures, as a more significant threat than a recession. Rising price levels are still seen as the top …
Author: Ben Zeisloft
Ukrainian President Volodymyr Zelensky Named Time’s Person Of The Year
Ukrainian President Volodymyr Zelensky has been named Time Magazine’s Person of the Year. After gaining international prominence in February as the Russian military invaded Ukraine, Zelensky has been revered among Western lawmakers as he leads the war-torn nation, which many officials initially predicted would succumb to its neighbor within the first weeks of the invasion. …
Texas Subpoenas, Schedules Hearing For BlackRock: ‘Playing Politics Using Texans’ Hard Earned Money’
Lawmakers in Texas scheduled a hearing for next week with asset management companies over alleged mismanagement of taxpayer dollars driven by ideological motives. The Texas Senate Committee on State Affairs requested documents from BlackRock, Vanguard, State Street, and Institutional Shareholder Services relevant to the firms’ promotion of the environmental, social, and governance movement, also known …
Left-Wing Media Company BuzzFeed To Dismiss Large Share Of Workforce
BuzzFeed plans to dismiss 12% of employees as the left-wing digital media company braces for difficult macroeconomic conditions and adapts to new market trends. The layoffs, impacting approximately 180 employees, occur as the company pivots toward “areas that will drive growth” and away from “areas with less audience engagement,” according to a message sent to …
Chipmaker Triples Investment In New Arizona Plant To $40 Billion
Taiwanese semiconductor company TSMC will more than triple a previously planned $12 billion investment toward new facilities in Arizona as the global computer chip supply chain remains the focus of worldwide concern. The $40 billion commitment represents one of the largest foreign direct investments in American history, as well as the largest in the history …
Sam Bankman-Fried Hires Attorney Who Defended Epstein Confidant Ghislaine Maxwell
Former FTX CEO Sam Bankman-Fried has retained attorney Mark Cohen, the former prosecutor who recently defended Jeffrey Epstein confidant Ghislaine Maxwell and drug lord Joaquín “El Chapo” Guzmán, as his insolvent cryptocurrency companies face legal scrutiny. FTX recently filed for bankruptcy after users discovered that trading firm Alameda Research, a company run by former Bankman-Fried …
‘A Complete Sideshow’: JPMorgan Chase CEO Jamie Dimon Says Cryptocurrencies Are Like ‘Pet Rocks’
JPMorgan Chase CEO Jamie Dimon compared cryptocurrencies to “pet rocks” on Tuesday and said that the nascent sector is the recipient of undue attention. The executive told a panel of CNBC anchors that their outlet spends too much time covering cryptocurrencies, although he acknowledged that the underlying blockchain technology likely has useful applications. “I think …
Andy Biggs To Challenge Kevin McCarthy For Speaker Position
Rep. Andy Biggs (R-AZ) is running against House Minority Leader Kevin McCarthy (R-CA) to become Speaker of the House of Representatives. McCarthy won the Republican nomination to become Speaker over Biggs last month by a vote of 188 to 31. Biggs, who chairs the conservative House Freedom Caucus, wrote in a Tuesday opinion piece for …
JPMorgan CEO Jamie Dimon Predicts When Americans’ Savings Will Run Dry
JPMorgan Chase CEO Jamie Dimon predicted that robust consumer spending may run dry toward the middle of next year. During a Tuesday interview with CNBC, the seasoned executive commented on a variety of market phenomena and noted that the United States economy is currently the strongest in the world. “If you look in the short …
Musk Thanks Companies For Resuming Ads On Twitter Despite Leftist Pressure Campaign
Twitter CEO Elon Musk expressed his gratitude for companies that resumed advertisements on the platform despite a pressure campaign from leftist activist groups. Several organizations endorsed a letter to the executives of major Twitter advertisers claiming that “extremists” see Musk’s takeover of the social media platform as “a new opportunity to post the most abusive, …