Bill Harnisch is on a roll. Assets in his Peconic Partners hedge fund are ballooning thanks to a near-perfect run of market timing that included shorting last year’s bear market and pivoting long just as the tide turned.
President Joe Biden kicked off his 2024 reelection effort with a $72 million haul in the second quarter, allaying the fears of some big donors that the campaign was off to a slow start.
United Parcel Service Inc. plans to train non-union employees to help deliver packages in the event of a labor disruption in the US, underscoring the potential for a strike as a crucial negotiating deadline nears.
Rising interest rates that caught many US banks off guard are proving a boon for the nation’s largest, with JPMorgan Chase & Co. posting a record profit and some of its top rivals signaling stronger-than-expected earnings from lending.
Tensions over regional security issues flared at a regional forum in Jakarta that brought together among the world’s top diplomats while the US-China divide remained evident.
A federal judge ruled that the Ripple Labs Inc. token is a security when sold to institutional investors but not the general public, a long-awaited decision that was widely hailed as a victory for the crypto industry over the SEC.
A popular bond refinancing tactic used by US states and cities likely cost taxpayers “billions of dollars,” according to a paper to be presented July 18 at the Brookings Institution’s 12th annual municipal finance conference.
A third Dutch deputy prime minister resigned on Friday, capping a week of upheaval that saw nation’s top politicians follow premier Mark Rutte in stepping down after the collapse of the ruling coalition government.
The idea that the US economy could slowdown just enough to skirt a recession is so strong that it doesn’t make sense to go against it, according to Mohamed El-Erian.
BlackRock Inc.’s assets under management rose to $9.4 trillion, but flows into the money manager’s long-term products widely missed analysts’ expectations.
