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Financepolitics

All articles tagged with #financepolitics

financepolitics1 year ago

"Trump Media CEO Accuses Market Manipulation as DJT Stock Rises and Nasdaq Falls"

Citadel Securities criticized Trump Media CEO Devin Nunes for alleging possible illegal short selling in DJT shares and blaming the company for his falling stock price, prompting a response from Trump Media accusing Citadel Securities of corporate offenses. Nunes' letter to Nasdaq CEO Adena Friedman raised concerns about market manipulation and named Citadel Securities among other major market participants. The strong language in Citadel Securities' response is notable given the political ties between Trump Media and Citadel Securities, including donations from Citadel's founder Ken Griffin to Republican candidates, including Nunes.

via CNBC|
#citadel-securities#devin-nunes#financepolitics
financepolitics1 year ago

"Potential Market Collapse: The Trump Factor"

Wall Street strategists are avoiding discussing the potential impact of a second Trump presidency on American democracy and the stock market due to client support for Trump. One commentator is selling off stocks in anticipation of a 50% market decline if Trump wins, citing fears of institutional destruction, vengeful industrial policy, and global investor apprehension. The commentator warns of potential repercussions on the stock market and direct investment in the U.S. economy, urging caution and highlighting the economic incentives influencing public discourse.

via Yahoo Finance|
#democracy#donald-trump#fascism
financepolitics1 year ago

"Texas School Fund's $8.5 Billion Divestment Signals BlackRock's ESG Limits"

Texas is withdrawing $8.5 billion from BlackRock due to the firm's environmental, social, and governance (ESG) policies, making it the largest such divestment. The move is in line with the state's anti-ESG law, which prohibits investments in companies that boycott energy firms. BlackRock argues that its investments benefit Texas, but Republican officials view the firm's ESG approach as detrimental to the state's oil and gas industry. This divestment reflects a broader backlash against ESG and "woke" corporate practices, with other Republican-led states also targeting BlackRock through divestments.

via Washington Examiner|
#blackrock#divestment#esg
financepolitics1 year ago

"Moody's Downgrade Sparks Debate on Israel's Economic Recovery and Hostage Release Progress"

Israel's finance minister criticized Moody's decision to downgrade the country's credit rating, calling it a "political manifesto" lacking serious economic claims. Moody's cited the ongoing war in Gaza and potential conflict with Hezbollah as factors that could harm Israel's economy. Prime Minister Benjamin Netanyahu attributed the downgrade to the ongoing war and expressed confidence in the economy's strength. Israeli officials fear further downgrades could impact the country's ability to raise funds through bond sales. Despite resilience, the economy has faced challenges including military expenditures, reservist callups, governance concerns, and a slowdown in tech investments.

via The Associated Press|
#credit-rating#economy#financepolitics
financepolitics2 years ago

"Biden's 2024 Race Exit and Energy Crisis: JPMorgan Predicts Upheaval"

JPMorgan strategist Michael Cembalest has released his 'Ten Surprises' for 2024, predicting events such as President Biden withdrawing from the presidential race due to health concerns, major US cities facing electricity and natural gas outages, a backlash and boycott against driverless cars, and the completion of an inhaled Covid vaccine. These predictions are made in the spirit of challenging consensus views in the industry and are not guaranteed to occur.

via Daily Mail|
##biden2024#driverlesscarboycott