Key Insight: After private meetings with executives allegedly yielded few results, two activist investors have published a letter outlining their concerns, beginning what they say will be a persistent pressure campaign. Supporting Data: In this year’s first quarter, expenses at United Bancorporation of Alabama rose by 15% year-over-year, while total loans grew by 2%. Expert […]
Bond markets saw losses Wednesday after President Donald Trump said the ceasefire with Iran is over and more strikes may be forthcoming. Equities ended mixed. Processing Content Muni yields were cut one to seven basis points, depending on the curve, while UST yields rose one to two basis points. Over the past several weeks, oil […]
Palisades Village, the high-end open‑air retail district in Pacific Palisades, will reopen Aug. 15, more than 18 months after sustaining damage in the historic fires that blazed through greater Los Angeles in January 2025. Rebuilding cost roughly $100M, according to the property’s owner and developer, Rick Caruso. Palisades Village, pictured here in September 2025, will […]
Listen to the audio version of this article (generated by AI). The Fortune That Began with an Act of Defiance Happy Fourth of July! Few stories capture the American entrepreneurial spirit better than Cornelius Vanderbilt’s in the early 1800s. This was at the very start of his career, before he became the railroad and shipping […]
Economists have spent the past week arguing about why 720,000 people walked away from the labor force in a single month. Laura Ullrich, director of economics at Indeed Hiring Lab and a former Richmond Fed economist, says that rather than treating June’s slide to a 61.5% labor force participation rate—the lowest reading outside the pandemic […]
Oil prices settled at their highest levels in more than two weeks on Wednesday, then extended their gains in after-hours trading after the U.S. military said it launched additional strikes on Iran.
Sen. Elizabeth Warren has called for the resignation of Bill Pulte from his dual roles headingthe Federal Housing Finance Agency (FHFA) and the Office of Director of National Intelligence (ODNI), following a scathing report that labeled the high-ranking official “unqualified” and accused him of rampant abuses of power. “Bill Pulte has spent the last year […]
Restatement Reflects Correction of Trade Error BETHESDA, Md., July 8, 2026 /PRNewswire/ — AdvisorShares announced that the previously disclosed net asset value (NAV) per share of the AdvisorShares Ranger Equity Bear ETF (NYSE Arca: HDGE) and AdvisorShares Dorsey Wright Short ETF (Nasdaq: DWSH) has been restated due to an incorrectly recorded trade on July 2, 2026. Effective […]
How the SpaceX IPO could reshape an entire industry — and the three companies that stand to benefit. Listen to the audio version of this article (generated by AI). Editor’s Note: A few weeks ago, my colleague veteran trader Jonathan Rose urged readers not to get swept up in the excitement surrounding the SpaceX IPO. […]
Key Insight: JPMorganChase attributed the growth in its tokenized money market fund to stablecoin issuers parking reserves on-chain to earn yield, since the GENIUS Act bars them from paying interest directly to token holders. Supporting Data: The fund has $693 million in assets, more than double what it had at the end of May. Forward […]