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☆ Liberty Energy CEO on the effects of the liquefied natural gas export pause
▼ + stars: | 2024-02-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLiberty Energy CEO on the effects of the liquefied natural gas export pauseChris Wright, Liberty Energy CEO, joins 'The Exchange' to discuss the Biden administration's recent decision to halt new approvals for liquefied natural gas exports, how this decision could impact the U.S. supply, and more.

Persons: Chris Wright Organizations: Liberty Energy, Biden

☆ The IPO market is looking very shaky and facing challenges galore
▼ + stars: | 2024-02-01 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

The IPO market is looking very shaky and confronted with a host of challenges that are holding it back. Regardless, recent IPO performances have been poor across the board. IPO investors cheered the advance by bidding up the Renaissance Capital IPO ETF (IPO), a basket of recent IPOs, in December, assuming the IPO market would open up. CNBC's Jim Cramer, speaking early Thursday on Squawk on the Street , highlighted another obstacle for IPO buyers: investors are getting comfortable returns elsewhere with far lower risk. When David Faber asked why the IPO market was off to such a slow start with the markets so strong, Cramer replied, "I think it's the five percent solution," he said, referring to the ocean of money still sitting in money market funds.

Persons: Jay Powell's, Birkenstock, Smith Douglas, Amer, Greg Martin, Martin, Matt Kennedy, Kennedy, What's, Rainmaker, Del, CNBC's Jim Cramer, David Faber, Cramer Organizations: Amer, Wilson, NYSE, Smith Douglas Homes, BrightSpring, Renaissance Capital, Rainmaker Securities, Renaissance, Microsoft Locations: EBITDA, Squawk

☆ Dalio says China-US relations are 'on the brink of red lines'
▼ + stars: | 2023-10-03 | by ( Carolina Mandl | ) www.reuters.com time to read: +2 min

Ray Dalio, Bridgewater's Co-Chairman and Co-Chief Investment Officer speaks during the Skybridge Capital SALT New York 2021 conference in New York City, U.S., September 15, 2021. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsGREENWICH, Connecticut, Oct 3 (Reuters) - Ray Dalio, founder of hedge fund Bridgewater Associates, said on Tuesday that the relationship between China and the United States is "on the brink of red lines," although he does not see a war on the way. "U.S.-China relationship relations are in a number of areas on the brink of red lines," he told the audience of investors, adding that a war is unlikely. A China enthusiast and investor, Dalio has helped Bridgewater build a relevant hedge fund in the world's second-biggest economy. Reporting by Carolina Mandl in Greenwich, Connecticut Editing by William Maclean and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Ray Dalio, Bridgewater's, Brendan McDermid, Dalio, Carolina Mandl, William Maclean, Matthew Lewis Organizations: REUTERS, Rights, Bridgewater Associates, Greenwich Economic, Bridgewater, Federal, Carolina, Thomson Locations: New York City, U.S, Rights GREENWICH , Connecticut, China, United States, Greenwich, Taiwan, Washington, Beijing, Greenwich , Connecticut

SARASOTA, Fla. (AP) — Attorneys for New College of Florida, the traditionally progressive public liberal arts college that was taken over by allies of Gov. “Over time, we hope to build an online institute that helps protect other communities facing similar attacks,” the Alt New College website said. But attorneys for Sarasota, Florida-based New College said in a letter last Thursday that the online institute may be violating the school’s trademark and is likely to cause confusion. The attorneys demanded that Alt New College stop using the “New College” name. Gavin Newsom of California in which he sharply criticized DeSantis and the changes under way at New College.

Persons: Ron DeSantis, ”, New College provosts, “, DeSantis, Richard Corcoran, Gavin Newsom Organizations: New College of Florida, Gov, Alt, Alt New, New College, Bard College, PEN America, New, “ New, ”, Democratic Gov Locations: SARASOTA, Fla, New York, Sarasota , Florida, California

☆ Bridgewater's Ray Dalio warns of impending debt crisis in US, CNBC reports
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +1 min

Ray Dalio, Bridgewater's co-chairman and co-chief investment officer, speaks during the Skybridge Capital SALT New York 2021 conference in New York City, U.S., September 15, 2021. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsSept 28 (Reuters) - Ray Dalio believes the United States is going to have a debt crisis and is closely watching the "risky" fiscal situation, CNBC reported on Thursday, citing an interview with the billionaire investor. The country's debt has been under the spotlight in recent months after political brinkmanship around the debt limit earlier this year brought the U.S. close to a default. Though the situation was averted, such partisan conflicts could hurt the country's fiscal reputation, analysts have said. Earlier this week, Fitch's peer Moody's said a government shutdown would harm the country's credit in a stern warning.

Persons: Ray Dalio, Bridgewater's, Brendan McDermid, Fitch, Moody's, Pritam Biswas, Shinjini Organizations: REUTERS, CNBC, Bridgewater Associates, Thomson Locations: New York City, U.S, United States, Bengaluru

☆ Dalio says China is overdue in reducing its debt
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsAug 17 (Reuters) - Legendary investor Ray Dalio, a big enthusiast and investor in China, said on Thursday the world's second largest economy is overdue in conducting a "big debt restructuring." Dalio said deleveraging is never an easy task, but in the case of China it can be more manageable because most of its debt is in domestic currency and is held by its citizens. Very popular among Chinese investors, Dalio is a self-proclaimed Sinophile with long connections with China. Last year, Bridgewater doubled its fund assets in China to more than 20 billion yuan ($2.74 billion), cementing its position as the biggest foreign hedge fund in the country. The hedge fund launched its first onshore China fund in 2018 and, since then, two other funds have been established.

Persons: Ray Dalio, Bridgewater's, Brendan McDermid, Zhu Rongji, Dalio, deleveraging, Carolina Mandl, Sandra Maler Organizations: REUTERS, Chinese, Bridgewater Associates, Bridgewater, Carolina, Thomson Locations: New York City, U.S, China, . Connecticut, New York

A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. "Uganda's Anti-Homosexuality Act fundamentally contradicts the World Bank Group's values. World Bank President Ajay Banga, who took office in June after the Ugandan law was enacted, has come under pressure to respond to the Ugandan law. The existing portfolio will continue to disburse funds, even as new lending is put on hold, a World Bank source said. It said the IFC and MIGA would also implement additional measures to "ensure inclusion and non-discrimination as needed."

Persons: Johannes P, Ajay Banga, Banga, Kanishka Singh, Andrea Shalal, Leslie Adler, Jonathan Oatis, Richard Chang Organizations: Bank, International Monetary Fund, REUTERS, United Nations, World Bank, International Development Association, International Finance Corporation, Multilateral Investment Guarantee Agency, Reuters, IFC, Thomson Locations: Nusa Dua, Bali, Indonesia, Uganda, Washington

☆ British Government Signals Support for Oil and Gas Industry
▼ + stars: | 2023-07-31 | by ( Stanley Reed | More About Stanley Reed | ) www.nytimes.com time to read: +1 min

The British government said Monday that it would issue “hundreds” of new licenses for oil and natural gas exploration in the North Sea, as concerns about energy security and jobs at least momentarily outweigh efforts to address climate change. “It’s vital that we bolster our energy security and capitalize on that independence,” Prime Minister Rishi Sunak said in a statement. At the same time, the government announced that it would support two major plans for capturing carbon dioxide emissions from power plants and factories, and injecting the gas into depleted reservoirs under the North Sea. The announcements were an indication that the fate of the North Sea oil and gas industry is becoming an important battleground for Britain’s next general election, in 2024. The governing Conservative Party appears to have decided that protecting the oil and gas industry could be a vote winner over the opposition Labour Party, which has threatened to halt new drilling permits if it wins next year.

Persons: Rishi Sunak, Britain’s Organizations: ”, Conservative Party, Labour Party Locations: North

☆ China's Douyin says has held early talks with Wanda on payments unit
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +1 min

HONG KONG, May 31 (Reuters) - ByteDance's short video app Douyin said on Wednesday that it has held preliminary talks with Dalian Wanda Group over the conglomerate's payments unit. Bloomberg reported on Wednesday, citing people familiar with the matter, that Wanda was in talks with prospective buyers include China's ByteDance to sell its digital payments licence for about 1 billion yuan ($144 million). A spokesperson for Douyin, the Chinese version of TikTok, declined to provide further comment beyond acknowledging the preliminary talks. Wanda bought its payments licence in 2014 from 99Bill in a deal that allowed visitors to Wanda's venues, from department stores to cinemas, to pay online. ($1 = 6.9121 Chinese yuan renminbi)Reporting by Josh Ye and Clare Jim in Hong KongOur Standards: The Thomson Reuters Trust Principles.

Persons: Wanda, Wang Jianlin, ByteDance, Josh Ye, Clare Jim Organizations: Dalian Wanda Group, Bloomberg, Douyin, Zhuhai Wanda Commercial Management Group, Thomson Locations: HONG KONG, Hong Kong, 99Bill

☆ Bridgewater dumps bank stocks amid turmoil in first quarter -filings
▼ + stars: | 2023-05-15 | by ( Carolina Mandl | ) www.reuters.com time to read: +2 min

REUTERS/Brendan... Read moreSAO PAULO, May 15 (Reuters) - Bridgewater Associates, one of the world's largest hedge funds, sold off U.S. bank stocks in the first quarter as the industry was roiled by the collapse of three lenders, according to regulatory filings. Global hedge funds cut their exposure to U.S. banking stocks to a near 10-year low in March and fled lending-sensitive shares amid turmoil in the industry following the collapse of Silicon Valley Bank and Signature Bank. The firm also slashed its positions in smaller banks such as Bank of Hawaii Corp (BOH.N), Pacwest Bancorp (PACW.O), PNC Financial Services Group (PNC.N), Citizens Financial Group (CFG.N) and Capital One Financial Corp (COF.N). Bridgewater was also bearish on European banks in March, after the collapse of Silicon Valley Bank sparked contagion fears across global banks, a Reuters report showed. Following SVB, Signature Bank was also placed into receivership in March, while JPMorgan bought First Republic Bank's assets earlier this month.

☆ US abortion providers relieved but wary as Supreme Court preserves pill access
▼ + stars: | 2023-04-22 | by ( Sharon Bernstein | ) www.reuters.com time to read: +4 min

April 21 (Reuters) - Abortion rights supporters expressed relief on Friday after the U.S. Supreme Court preserved access to a widely used abortion pill but warned of a long fight ahead as a legal challenge to the medication continues. Abortion providers had been stockpiling the abortion pill mifepristone or planning to switch to a new regimen amid the battle over the legality of a drug used in more than half of U.S. abortions. Several providers said late on Friday they would pause plans to change their medication abortion protocol in light of the Supreme Court's order. The Supreme Court did not rule on the merits of the case, however, meaning that mifepristone could still be restricted or banned at a later stage in the case. Several states where abortion remains legal, including California, Massachusetts and Washington, previously said they had begun stockpiling abortion drugs in advance of possible restrictions.

☆ BUSD: US regulator orders Paxos to halt new issues of Binance-branded stablecoin
▼ + stars: | 2023-02-14 | by ( Michelle Toh | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —New York’s top financial regulator has ordered a crypto company to stop minting a major stablecoin, widening a clampdown on the embattled digital assets sector. Paxos also said it would “end its relationship” with Binance, the world’s largest crypto exchange. It did not say why the regulator had ordered it to stop issuing BUSD. Last week, the US Securities and Exchange Commission said overseeing crypto assets was a key priority for 2023. According to crypto advocates, the growing global clampdown could undermine the ecosystem for digital assets.

☆ Elon Musk’s Twitter risks opening floodgates of hate speech and extremism in India
▼ + stars: | 2022-12-01 | by ( Yashraj Sharma | ) www.nbcnews.com time to read: +2 min

SRINAGAR, India — For five years, Alt News has fought India’s rise in disinformation tied to Hindu nationalism, with Twitter as one of the main battlefields. All that is now in jeopardy amid the chaos at Twitter since its takeover last month by billionaire entrepreneur Elon Musk. With 24 million users, India is Twitter’s third-largest market after the United States and Japan, as well as one of its greatest challenges. But more than 90% of Twitter’s 200-odd employees in India were reportedly among the thousands worldwide who have lost their jobs under Musk’s ownership. “Like all companies, Twitter needs to understand the harms associated with its platform and take steps to address them,” he wrote.

☆ Factbox: COP26 a year later: Where do last year's climate pledges stand?
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +7 min

Nov 1 (Reuters) - A year ago at the U.N. climate talks in Glasgow, Scotland, countries, banks and business leaders announced a slew of climate plans and pledges. METHANE PLEDGETo date, 119 countries and blocs including the United States and the European Union have joined the COP26 pledge to slash methane emissions 30% from 2020 levels by 2030. And China could also give an update on its plan to begin monitoring methane emissions - a promise made under the U.S.-China agreement announced in Glasgow. The group now counts more than 550 members, including most of the world's leading banks, insurers and asset managers, with collective assets of more than $150 trillion. read more And last week, climate activists criticized GFANZ for dropping a requirement that its members sign onto a U.N. emissions reduction campaign.

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