Billionaire hedge fund manager Paul Singer has backed out of a meeting that he was supposed to hold with a federal judge yesterday. The meeting, at Singer’s request, was likely to discuss Argentinian President Cristina Kirchner’s statement that her government was going to ignore a U.S. court ruling to pay Elliot Management and other bondholders $1.4 billion, reports Michelle Celarier for the NY Post.
Drug pricing has been a hot issue for the past few years and was debated multiple times on the campaign trail by both Trump and Hillary. So far, there’s... Read More
Investors are eagerly awaiting the latest Federal Open Market Committee (FOMC) minutes for the April 28-29 meeting due out later today for some indication on when we should expect... Read More
Post Market Update Market Levels US: Â Dow: 12908.70 (0.81%), S&P 500: 1372.78 (0.67%), NASDAQ: 2942.60 (1.12%) Europe: CAC: 3235.40 (1.81%), DAX: 6684.42 (1.60%), FTSE: 5685.77 (1.00%). Asia-Pacific: Australia: 4123.60 (-0.42%), China: 2169.10... Read More
A survey of alternative credit funds suggests that non-bank lending is safer than bank lending and should be further deregulated Read More
A report from Sterne Agee asserts that last week saw more money flow into equity mutual funds based in the United States than any week since at least October... Read More
After crushing victory in Sunday’s elections, one should wait and watch whether Japan’s Abe would push through growth strategies, feel Citi analysts. Prime Minister Shinzo Abe posted a crushing victory... Read More
The price of oil could have further to fall as hedge funds, and investors re-position following a record buildup in net long oil futures according to a report from... Read More
When the Crapo-Johnson proposal for replacing Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) with a new... Read More
Yahoo! Inc. (NASDAQ:YHOO) released its earnings report for the three months ended September 30 this afternoon after the market close. The company showed earnings of $0.34 per share on... Read More
WhatsApp has started rolling out a new video-calling feature to users in India, estimated at 150 million. The mobile messaging app, which Facebook bought for $19.3 billion in 2014,... Read More
