Ex-US SEC head William Donaldson dies at 93

Donaldson, who was also the founding dean of Yale's School of Management, died on Wednesday, according to the university.Donaldson, born in 1931, was chairman of the SEC from 2003 through 2005. He co-founded Donaldson, Lufkin & Jenrette in 1959.He was appointed to his role at the SEC by President George Bush and was a member of President Barack Obama's original ...
/ Investing Finance

OpenAI CEO says company could become for-profit corporation, The Information reports

One scenario Altman said the board is considering is a for-profit benefit corporation, which rivals such as Anthropic and xAI are using, the report said, citing a person who heard the comments.The restructuring discussions are fluid and Altman and his fellow directors could ultimately decide to take a different approach, The Information added.In response to Reuters' queries about the report, ...
/ Investing Finance

Summer oil rally possible but market may look past it: Macquarie

They maintain a structurally bearish view of crude oil prices despite potential short-term upward pressure."[A] summer rally [is] possible, but [the] market may look past it, and draws could disappoint," Macquarie states. The firm highlights surplus concerns in the second half of 2024 and throughout 2025, which could lead to a significant price correction.While acknowledging geopolitical risks and potential for ...
/ Investing Finance

How the market reacted when Trump won in 2016

The investment firm said financials, especially banks and insurance companies, led the way with substantial gains. Sallie Mae rose 37%, and Freddie Mac surged 97% within seven trading days. According to analysts, bonds and bond proxies, such as utilities and REITs, sold off as investors anticipated an expansionary fiscal package and lower corporate tax rates.The healthcare sector, particularly pharma and ...
/ Investing Finance

How Trump's potential second term in office could look like

Weighing in on this matter, JPMorgan’s team believes a second Trump administration would bring significant changes across various policy areas, from foreign relations to domestic regulations.One of the primary shifts under a Trump 2.0 administration would be a tougher stance on foreign policy, particularly towards China. In its note, JPMorgan highlights that Trump’s approach would be driven by a belief ...
/ Investing Finance

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