Carl Icahn Goes After Short Sellers
In May, Nate Anderson’s firm leveled a series of accusations against Icahn Enterprises, claiming that it was over-leveraged and trading at an excessively steep premium to its net asset value.
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Powell Hints At November Pause, Hike On Horizon
Powell stressed in his speech that "given the uncertainties and risks, and how far we have come, the committee is proceeding carefully." That was a sign the central bank would not push rates higher at its next meeting in November.
Morgan Stanley: Buy Bonds At 5%
While Khanduja is eyeing 5% as a decent entry point, he also has a steepener trade among his favored bets. Morgan Stanley Investment is positioned for the yield curve between the two and 10-year bonds to steepen.
Dan Och Sues His Own Hedge Fund To Protest Merger
Och, who left New York-based Sculptor in 2019, said in a statement that he wants a Delaware judge to halt the buyout until a rival group led by Saba Capital Management’s Boaz Weinstein is able to present its higher bid to shareholders.
Citibank Employee Fired After Lying About Having 2 Coffees, Sandwiches, and Pastas Alone
A financial analyst who was fired by Citibank for allegedly lying about meal expenses.
Top US Bankruptcy Judge Resigns Amid Ethics Inquiry
U.S. bankruptcy Judge David Jones in Houston has resigned after a federal appeals court opened an ethics probe.
El-Erian's Stock Market Strategy: Resilience, Optionality & Agility
Mohamed El-Erian, a renowned economist, has expressed res
