Author: IA PressRoom

The inaugural Shook Alternatives Summit in New York City.Ethan Covey/Forbes Investors willing to risk cash in the face of rising interest rates and a weakening economy can take advantage of opportunities away from the stock and bond markets, money managers said at an alternative-investing conference in New York on Monday. “We’re in a period of high volatility and uncertainty—generally asset pricing reflects that and it’s hard to borrow money to buy things, but that has also brought attractive valuations in areas like private credit,” said Jonathan Gray, president and chief operating officer of Blackstone BX , the world’s largest alternative…

© Reuters. FILE PHOTO: A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York, U.S., April 29, 2016. REUTERS/Lucas Jackson (Reuters) -Electric vehicle charging equipment makers Blink Charging, ChargePoint and Tritium said on Monday they will offer chargers with Tesla (NASDAQ:)’s connector, as the standard Combined Charging System (CCS) connector falls out of favor with automakers. General Motors (NYSE:), one of the largest U.S. automakers, said last week it would join Ford in adopting Tesla’s previously proprietary North American Charging Standard (NACS) port, which is set to dominate 60% of the U.S. EV…

© Reuters U.S. stocks higher at close of trade; Dow Jones Industrial Average up 0.56% Investing.com – U.S. stocks were higher after the close on Monday, as gains in the , and sectors led shares higher. At the close in NYSE, the rose 0.56% to hit a new 1-month high, while the index gained 0.93%, and the index gained 1.53%. The best performers of the session on the were Intel Corporation (NASDAQ:), which rose 5.52% or 1.73 points to trade at 33.07 at the close. Meanwhile, Boeing Co (NYSE:) added 1.96% or 4.25 points to end at 221.56 and Cisco…

5/5 © Reuters. Venezuela’s President Nicolas Maduro meets with Iranian President Ebrahim Raisi, at Miraflores Palace, in Caracas, Venezuela June 12, 2023. REUTERS/Leonardo Fernandez Viloria 2/5 By Deisy Buitrago CARACAS (Reuters) – Iranian President Ebrahim Raisi was in Caracas on Monday meeting with Venezuelan President Nicolas Maduro during his first stop on a Latin American tour which will also include Cuba and Nicaragua, Venezuelan state television showed. Raisi is expected to sign documents to expand bilateral cooperation during the visit, Iran’s state news agency said last week, without providing further detail. State television images showed Raisi’s arrival at an airport…

Source: AdobeBinance.US has bulked up its legal expertise and added four lawyers to fight recent charges from the US Securities and Exchange Commission. One of those lawyers includes former co-director of the SEC’s enforcement division, George Canellos, according to Bloomberg News.Canellos was also the SEC’s acting director and deputy director in the enforcement division where he set enforcement priorities and policies, according to his bio. From July 2009 until May 2012, Canellos served as a director of the SEC’s New York Regional Office where he was responsible for enforcement investigations and actions, as well as compliance inspections. Canellos is now a partner at…

Like former President Donald J. Trump, Lt. Col. Robert Birchum was accused in Florida of mishandling classified documents. Like the former president, he was charged with violating the Espionage Act.But unlike Mr. Trump, Mr. Birchum, 55, a highly decorated Air Force intelligence officer, took full responsibility. His lawyer said he expressed “true remorse.” He even cooperated with investigators, providing information about how he kept hundreds of secret papers for almost a decade in his home, an overseas office and a storage pod.Despite all that, Mr. Birchum still got three years in prison when he was sentenced this month.The case and…

Rawpixel Wall Street’s major averages on Monday kicked off a big week on a positive note, helped by a jump in growth stocks. Investors looked ahead to a host of central bank rate decisions and data on consumer inflation. The tech-heavy Nasdaq Composite (COMP.IND) advanced 1.53% to close at 13,461.92 points, after posting a seven-week win streak in the previous session. The S&P 500 (SP500) ended up 0.93% at 4,338.93 points, with the benchmark index pushing further into a bull market. The blue-chip Dow (DJI) added 0.56% to settle at 33,066.33 points. Of the 11 S&P sectors, eight finished in…

Tesla stock notched a 12th straight gain Monday, marking its longest winning streak ever. The prior record was 11 days of gains, first reached in January 2021 and matched on Friday. The rally follows recent deals with GM and Ford to expand Tesla’s charger network. 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 Tesla stock rose for the 12th straight trading session on Monday, setting a new record for its longest winning streak ever.Shares closed up 2.2% at $249.83, hitting their highest level since…

© Reuters. FILE PHOTO: An aerial view shows West Kiskatinaw River wildfire in British Columbia, Canada, June 9, 2023 in this screen grab obtained from a social media video. BC Wildfire Service via Facebook/via REUTERS By Ismail Shakil OTTAWA (Reuters) – Smoke shrouded Western Canada on Monday as wildfires flared again in the main oil-producing province of Alberta, while firefighters in Quebec doused some of the worst early season blazes, allowing thousands of evacuees to return home. Canada is enduring its most destructive start to wildfire season, with about 4.8 million hectares (48,000 square kilometers) – an area larger than…

© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 5, 2023. REUTERS/Brendan McDermid/ By Saqib Iqbal Ahmed NEW YORK (Reuters) – A steadily rising U.S. stock market appears to be drawing investors off the sideline, one measure of market positioning showed. Positioning among discretionary investors – a cohort that includes everyone from portfolio managers to retail investors – broke out of its one-year underweight range and went above neutral for the first time since February, data from Deutsche Bank (ETR:) showed Friday. That turned the bank’s measure…