Author: IA PressRoom

© Reuters. The logos of Swiss bank Credit Suisse and UBS are seen in Geneva, Switzerland, June 7, 2023. REUTERS/Denis Balibouse (Reuters) – UBS Group AG (SIX:) faces hundreds of millions of dollars in penalties over Credit Suisse’s mishandling of Archegos Capital, after UK, Swiss and U.S. regulators completed their investigations, Financial Times reported on Monday. UBS has asked the U.S. Federal Reserve, the Swiss Financial Market Supervisory Authority and UK’s Prudential Regulation Authority to publish their findings and announce any penalties jointly at the end of July, FT reported. Britain’s Prudential Regulation Authority could impose a fine of up…

MarsBars Consumer payment trends are reverting to prepandemic levels, with May’s credit card metrics showing that delinquency rates exceeded the prepandemic level at three of the eight card companies in the table below — Capital One Financial (NYSE:COF), Discover Financial (NYSE:DFS), and Bread Financial (NYSE:BFH). Looking at net charge-offs, two companies — Bread Financial (BFH) and Discover Financial — topped May 2019 levels. Wolfe Research analyst Bill Carcache says it’s “time to retire the term ‘normalization’.” Delinquency rates normally decline in May as consumers receive tax rebates, but this year they increased. “We expect delinquency rate formations to continue to…

EXCLUSIVE – Former Attorney General William Barr suggests that Attorney General Merrick Garland should release the FBI-produced FD-1023 document – alleging a criminal bribery scheme involving President Joe Biden – to Republican lawmakers, provided necessary steps are taken to protect the life and safety of the confidential human source in the document.Barr’s suggestion comes amid an outcry that the Justice Department is not evenhanded with respect to investigations of former president Donald Trump and the Biden family.In an exclusive interview with Fox News Digital, Barr said Special Counsel Jack Smith’s unprecedented indictment of Trump for his mishandling of classified documents…

The ultra-wealthy are betting on tech and science breakthroughs to live longer.  But the best bet for living longer is probably earlier detection of chronic disease.  Longevity expert Dr. Peter Attia explained why preventative care like that still isn’t widespread. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app The ultra wealthy have been shelling out to live longer for some time. But creating more healthy years for more people isn’t a matter of science fiction. It’s a matter of preventing chronic diseases like cancer from…

Source: Screenshot of a congressional hearing on YouTubeA Victorian brownstone in Washington DC linked to former FTX CEO Sam Bankman-Fried may have been sold. The four-bedroom home near Capitol Hill was listed on Realtor.com as “contingent,” meaning that an offer has been made and accepted, but some additional criteria needs to be met. Cointelegraph reported the news earlier on Monday.The property is owned by Guarding Against Pandemics, a nonprofit directed by Bankman-Fried’s brother Gabriel, according to The Wall Street Journal.FTX’s new management team said that the nonprofit was also funded by the FTX CEO, according to reporting from WSJ. The $3 million dollar…

Podcaster and Spotify Technology SA executive Bill Simmons thinks Prince Harry and Meghan Markle are “grifters,” after the royal couple ended their relationship with the streaming platform following an unproductive production deal. Last Thursday, the couple and Spotify SPOT, +5.13% announced their multiyear podcast deal had ended, apparently prematurely. The production deal, inked in 2020 and reportedly worth about $20 million, resulted in only a single, 12-episode podcast series. The deal had been intended to be a key piece of Spotify’s push into the podcasting arena. After the deal ended, Simmons — who founded The Ringer, which Spotify bought in…

Texas Gov. Greg Abbott on Monday vowed to hold district attorneys accountable if they fail to enforce the law and protect state residents. In a tweet, the Republican governor invoked House Bill 17, which he signed into law earlier this month. Abbott said the new law “will help reign in rogue district attorneys.” “Those who want to work in Texas law enforcement must uphold the laws and protect Texans,” he said. “If not, they will be held accountable.”Abbott has said previously that the bill was intended to crack down on “rogue” district attorneys who refuse to prosecute entire classes of crime like…

EU countries have failed to approve a crucial overhaul of the bloc’s energy market because of disagreements between France and Germany on state aid for power producers.Energy ministers meeting in Luxembourg on Monday were due to find a common position on a reform of the EU electricity market that would pave the way for the uptake of cleaner power and prevent the price volatility prompted by cuts to the bloc’s gas supply by Russia last year.But after several hours of negotiation, Paris and Berlin remained at loggerheads over whether state-backed contracts that ensure that electricity producers only charge a set…

[{“url”:”https:\/\/cryptonews.com\/news\/best-crypto-to-buy.htm”,”name”:”Best Crypto to Buy Now”,”children”:[]}][{“url”:”https:\/\/cryptonews.com\/news\/best-crypto-presales.htm”,”name”:”Best Crypto Presales to Invest in”,”children”:[]}][{“url”:”https:\/\/cryptonews.com\/news\/new-cryptocurrency.htm”,”name”:”New Cryptocurrency”,”children”:[]}][{“url”:”https:\/\/cryptonews.com\/news\/next-cryptocurrency-to-explode.htm”,”name”:”Next Cryptocurrency to Explode”,”children”:[]}][{“url”:”https:\/\/cryptonews.com\/news\/best-crypto-icos.htm”,”name”:”Best Crypto ICOs”,”children”:[]}][{“url”:”https:\/\/cryptonews.com\/news\/crypto-launches.htm”,”name”:”Crypto Launches”,”children”:[]}][{“url”:”https:\/\/cryptonews.com\/news\/best-bitcoin-betting-sites.htm”,”name”:”Crypto Betting”,”children”:[]}][{“url”:”https:\/\/cryptonews.com\/news\/best-bitcoin-casinos.htm”,”name”:”Bitcoin Casinos”,”children”:[]}][{“url”:”https:\/\/cryptonews.com\/news\/best-bitcoin-gambling-sites.htm”,”name”:”Bitcoin Gambling Sites”,”children”:[]}][{“url”:”https:\/\/cryptonews.com\/news\/best-bitcoin-blackjack-sites.htm”,”name”:”Bitcoin Blackjack”,”children”:[]}][{“url”:”https:\/\/cryptonews.com\/news\/best-bitcoin-slots-sites.htm”,”name”:”Best Bitcoin Slots”,”children”:[]}][{“url”:”https:\/\/cryptonews.com\/news\/best-crash-gambling-sites.htm”,”name”:”Crash Gambling Games”,”children”:[]}][{“url”:”https:\/\/cryptonews.com\/news\/best-bitcoin-esports-betting-sites.htm”,”name”:”Esports Betting Sites”,”children”:[]}][{“url”:”https:\/\/cryptonews.com\/news\/best-plinko-gambling-sites.htm”,”name”:”Plinko Gambling Sites”,”children”:[]}]

Michael M. Santiago Amidst the recent outperformance of megacap tech and other AI beneficiaries, Goldman Sachs has raised its S&P 500 year-end price target to 4,500 from 4,000, suggesting a potential upside of 2% from the current level of 4,400. For bulls that believe the rest of the market will start participating on the Big-Tech rally, Goldman screened cyclical laggards consisting of Russell 3000 (IWV) stocks with market capitalizations exceeding $2 billion. These stocks have demonstrated YTD underperformance compared to the S&P 500 (SP500) (SPY) and currently trade at consensus forward P/E ratios below 19x. Notably, despite their underperformance, these…