Jim Chanos says China ‘poses grave financial and geopolitical threats’ — ‘more so today than ever before’

Jim Chanos says China ‘poses grave financial and geopolitical threats’ — ‘more so today than ever before’

“‘I continue to believe thatthe Chinese economic model poses grave financial and geopolitical threats to the U.S. and itsinterests, more so today than ever before.’” — Jim Chanos That line above came Tuesday from short seller Jim Chanos, as he reiterated his longstanding concerns about China’s economy to a U.S. House committee that held a…

‘It was like, wow, you could never short a stock again.’ Hedge fund executive recalls when GameStop stock went parabolic

‘It was like, wow, you could never short a stock again.’ Hedge fund executive recalls when GameStop stock went parabolic

GameStop reports results after the close on Wednesday, and of course that brings to mind the huge surge in its stock price in January, 2021, when the Reddit WallStreetBets message board help to fuel a frenzy, before an abrupt end when brokers restricted trading. That episode was recalled in a podcast that Will England, chief…

Blackstone marks ‘another important milestone’ with S&P 500 inclusion

Blackstone marks ‘another important milestone’ with S&P 500 inclusion

Blackstone Inc.’s stock rose Tuesday after the company was included as a component of the S&P 500 index some 16 years after the private-equity firm went public. Blackstone’s stock BX, +4.13% advanced 3.8% as a spokesperson for the company said its inclusion in the S&P 500 marks “another important milestone” for the private-equity firm, after…

Labor Day is just a ‘milestone’ in marathon to get workers back to the office

Labor Day is just a ‘milestone’ in marathon to get workers back to the office

The U.S. Labor Day holiday will mark another milestone in the marathon to bring workers back to the office, but it won’t be a quick fix for landlords, according to Thomas LaSalvia, head of commercial real estate economics at Moody’s Analytics. Employers from Facebook parent Meta META, +0.17% to Goldman Sachs GS, -0.09% recently laid…

Airbnb, Blackstone to join S&P 500, while Deere will replace Walgreens in S&P 100

Airbnb, Blackstone to join S&P 500, while Deere will replace Walgreens in S&P 100

Shares of investment giant Blackstone Inc. and vacation-home rental platform Airbnb Inc. rallied after hours on Friday after both won the nod to join the S&P 500 index SPX later this month. The announcement, from S&P Dow Jones Indices, said that the change would take hold before the start of trading on Monday, Sept. 18….

Private equity, hedge funds sue SEC over new disclosure rules

Private equity, hedge funds sue SEC over new disclosure rules

A consortium of groups representing the private funds industry filed a lawsuit against the Securities and Exchange Commission Friday in an attempt to block new rules that would require private equity and hedge funds to disclose quarterly performance, fees and expenses. The rules, adopted last week, would also ban so-called side letters, or agreements between…

Hurricane Idalia: Biden promises ‘anything the states need’ and says climate crisis can’t be denied

Hurricane Idalia: Biden promises ‘anything the states need’ and says climate crisis can’t be denied

President Joe Biden on Wednesday promised ample federal support and noted links to climate change as he gave a speech about Hurricane Idalia, which made landfall in the morning on Florida’s Gulf Coast and has been moving across Georgia. “I don’t think anybody can deny the impact of the climate crisis anymore. Just look around —…

Hedge funds have made a huge push into risky assets. Here’s what that means.

Hedge funds have made a huge push into risky assets. Here’s what that means.

Tuesday’s pop for stocks after some grim job opening data helped the S&P 500 and other indexes trim August losses, though landing in the green for the month still looks like a long shot. Futures suggest a struggle for Wednesday. For those investors who have found this summer tough going, a team at UBS led…

SEC votes to require private equity and hedge funds to disclose performance and fees

SEC votes to require private equity and hedge funds to disclose performance and fees

The U.S. Securities and Exchange Commission voted Wednesday to adopt new rules mandating that private equity and hedge funds disclose quarterly performance, fees and expenses at a Wednesday meeting. The rule will also ban so-called side letters, or agreements between a fund and specific investors that give them preferential treatment, unless those arrangements are made…

DuPont near deal to sell its Delrin unit for about $1.8 billion: report

DuPont near deal to sell its Delrin unit for about $1.8 billion: report

Chemical and industrial giant DuPont de Nemours Inc. is in talks to sell its resins unit, Delrin, to the Jordan Co., a private-equity firm, for about $1.8 billion, Bloomberg News reported Sunday. Bloomberg said a deal could be announced as soon as this week, though no final decision has been made. Lone Star Funds and…

Group of hedge-fund titans makes renewed bid to buy Sculptor Capital: report

Group of hedge-fund titans makes renewed bid to buy Sculptor Capital: report

A group of investors led by Boaz Weinstein and other prominent hedge-fund managers has made an improved bid to buy Sculptor Capital Management Inc., which has already agreed to be bought by Rithm Capital Corp., the Wall Street Journal reported Sunday. In July, Sculptor said it had agreed to be acquired by Rithm Capital for…

Nvidia’s market cap gain is bigger than all of Disney, Netflix, Boeing or Nike

Nvidia’s market cap gain is bigger than all of Disney, Netflix, Boeing or Nike

On Thursday, Nvidia’s stock took an epic jump among the nation’s corporate giants. In one day, the graphics-chip maker total market capitalization added nearly $184 billion – that’s billion with a b. It is one of the biggest one-day market capitalization gains in American corporate history.  Nvidia’s market capitalization was $754.3 billion at the stock…

LeBron James vs. Michael Jordan: who is the GOAT when it comes to net worth?

LeBron James vs. Michael Jordan: who is the GOAT when it comes to net worth?

LeBron James became the NBA’s all-time scoring leader this year, passing Kareem Abdul-Jabbar’s hallowed record that many thought would never be broken, and now says he is considering retiring from basketball. The potential end to James’s career has rekindled discussions over who is the best basketball player of all time. Is 38-year-old James the GOAT…

American, JetBlue alliance in northeastern U.S. blocked by judge

American, JetBlue alliance in northeastern U.S. blocked by judge

Shares of American Airlines Group Inc. and JetBlue Airways Corp. dropped late Friday after a U.S. judge sided with the Justice Department in a lawsuit aimed at undoing the airlines’ joint venture in airports in the Boston and the New York City areas. In separate statements, both JetBlue JBLU, -1.80% and American Airlines AAL, -1.53%…

Debt on trophy office buildings is starting to buckle as loans come due

Debt on trophy office buildings is starting to buckle as loans come due

The financial fallout from half-empty U.S. office buildings has begun to be reflected in prices for bonds backed by luxury office buildings. From New York City’s famed Park Avenue to San Francisco’s California Street, properties long considered fortress investments are reeling as efforts to return more staff to office buildings in big cities stall. Recent…

A rising dollar may start weighing on stocks by early June, one analyst says

A rising dollar may start weighing on stocks by early June, one analyst says

The U.S. dollar, which rallied to a two-month high on Thursday, is demonstrating a bullish signal from a technical perspective and has the potential to trend up in the coming months, according to Sevens Report Research.  The greenback’s strength will weigh on equities, starting by the beginning of June, noted Tom Essaye, founder of Sevens. …

FTX sues Sam Bankman-Fried, seeking to claw back $240 million from Embed deal

FTX sues Sam Bankman-Fried, seeking to claw back $240 million from Embed deal

Failed crypto exchange FTX is suing co-founder and former Chief Executive Sam Bankman-Fried and others, seeking to claw back about $240 million related to the company’s acquisition of stock-trading platform Embed. In a filing Wednesday in U.S. Bankruptcy Court in Delaware, FTX claimed Bankman-Fried and others — including FTX co-founders Zixiao Wang and Nishad Singh…

Michael Burry doubled down on China bets. Here’s what other investors are saying

Michael Burry doubled down on China bets. Here’s what other investors are saying

Corrects value in paragraph 12 to “a couple of hundred billion dollars”. Quarterly U.S. regulatory filings this week revealed that Scion Asset Management, the hedge fund founded by Michael Burry, doubled down on China stock bets. The question is, should investors? Burry’s investment moves are widely followed as he correctly called the collapse of the…