The Department of Justice is exploring if they can charge stock market short-sellers with the same law used to prosecute the mafia, according to a Reuters report. Several short-selling research firms have been on the DOJ’s radar as they investigate illegal trading tactics. Subpoenas have been sent to dozens of firms, including Citron Research and … Read more
JPMorgan’s top executive Jamie Dimon said the Federal Reserve could be more aggressive than many may have anticipated when it comes to fighting inflation. “My view is a pretty good chance there will be more than four,” Dimon said during the bank’s earnings call Friday. “It could be six or seven.” The CEO on Tuesday … Read more
Jeremy Grantham said Tesla stock is overvalued, and the automaker will face tough competition. The GMO boss diagnosed a massive asset bubble and predicted a historic crash. Grantham slammed the Fed for juicing markets and cautioned investors not to ignore inflation. Tesla stock is in a bubble, and Elon Musk’s electric-vehicle company has zero chance … Read more
Treasury Sec. Janet Yellen said Congress has until October 18 to raise the debt limit. She previously said the government’s ability to pay its bills will run out sometime in October. The GOP struck down a bill that would have raised the limit on Monday, refusing to help Democrats. See more stories on Insider’s business … Read more
and that’s what makes the markets so frustrating !
Sebi has shortlisted five companies, including Tata Consultancy Services () and , for the implementation of the data analytics projects for tracking possible market manipulations like insider trading and front running. , Larsen & Toubro Infotech and NEC Corporation India too have been shortlisted. These five companies “have been shortlisted for further process”, the Securities … Read more
One of Wall Street’s most bearish analysts turned exceedingly bullish two weeks ago. Wells Fargo’s Christopher Harvey upgraded his bearish S&P 500 price target of 3,850, which he set in late 2020, to 4,825, representing an increase of 6.7% from the S&P’s current level of around 4,525. Harvey joins a number of strategists upgrading their … Read more
A very relevant topic for every stock market investor…
Top investment banks from Citi, to Goldman Sachs and JPMorgan are incredibly bullish on the UK market. A JPMorgan fund manager who co-runs the firm’s flagship $2 billion UK fund helps investors navigate the market. He shares why the UK looks attractive and outlines what sectors boast good opportunities and what stocks to watch. See … Read more