DIRS.INFO The most relevant business & tech news

☆ A top FTX exec blew the whistle on Sam Bankman-Fried's moves just 2 days before the crypto exchange's collapse
▼ + stars: | 2022-12-15 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

An FTX exec told authorities about potential illegality at the crypto exchange 2 days before its bankruptcy. He worked for Alameda between 2019 and 2021 before joining FTX Digital Markets, the crypto exchange's Bahamas division. Like Democratic Party donor Bankman-Fried, Salame has high-profile political ties: his partner is failed far-right Republican congressional candidate Michelle Bond. Bond's congressional candidate financial disclosure report showed that she received $400,000 in consulting fees from FTX Digital Markets when unsuccessfully campaigning to represent New York's 1st Congressional District. Read more: FTX's Bahamas unit paid co-CEO's MAGA Republican congressional candidate girlfriend $400,000

☆ Fed policymakers will see 'they blew it' with interest rate hikes, predicts Starwood Capital's Barry Sternlicht
▼ + stars: | 2022-12-06 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +1 min

In Starwood Capital CEO Barry Sternlicht's view, the Federal Reserve's ongoing interest rate hikes are driving the U.S. economy straight into a recession. During a session of CNBC's Financial Advisor Summit on Tuesday, Sternlicht said he thinks that an economic contraction will emerge next year and that Fed Chairman Jay Powell "will see that they blew it." "The economy is absolutely going into a recession, and it's absolutely definitive," Sternlicht told CNBC's Sara Eisen, who moderated the session. Right now, the 10-year Treasury bond is yielding roughly 3.6%, compared with the 2-year bond's yield of almost 4.4%. While inflation is a normal part of an economy, the current rate is far above the Federal Reserve's target of 2% over the long run.

"Good news on the economy is bad news for inflation, whether that's China opening up or lower gasoline prices." The 10-year's yield rose 9.3 basis points to 3.596%. The 10-year German bund , the bloc's benchmark, rose 1.3 basis points to 1.890%. The Reserve Bank of Australia meets on Tuesday, and is expected to raise rates by a mere 25 basis points. The Bank of Canada meets on Wednesday and is expected to raise rates by 50 basis points.

☆ Analysis: Ghana overhaul a test for $1 billion World Bank-backed debt
▼ + stars: | 2022-12-02 | by ( Jorgelina Do Rosario | ) www.reuters.com time to read: +5 min

[1/3] A girl walks past a flag of Ghana outside the Cape Coast Castle, in Ghana, July 28, 2019. "If Ghana decides to use the guarantee, it has to pay back immediately to the World Bank," Mitu Gulati, a law professor at the University of Virginia and debt restructuring expert, said. "This is a highly protected instrument that was issued with the logic that Ghana would never default on the World Bank," Gulati said. Ghana 2030 bondIN OR OUT? Ghana has not yet said whether the 2030 issue will be part of its debt restructuring.

[1/2] The logo of Swiss bank Credit Suisse is seen in Zurich, Switzerland October 26, 2022. Credit Suisse declined to comment on the market moves. Credit Suisse rights for its 2.24 billion Swiss francs ($2.4 billion) share issue were down 8%, having reversed initial gains. Credit Suisse bonds also weakened, with additional tier 1 dollar bonds down over 4 cents and many sinking below the levels seen during a sell off in the bank's shares and bonds in early October, Tradeweb data showed. Battered by a series of scandals and mounting losses, Credit Suisse last month embarked on a turnaround plan.

☆ Here's when to buy stocks as Wall Street warnings suggest a recession is imminent, according to Bank of America
▼ + stars: | 2022-11-18 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Signs are growing that an economic recession is imminent, according to Bank of America. BofA recommends investors focus on bond investing in the first half of 2023 and shift to stocks in the second half of next year. Instead, investors should focus on buying bonds between now and the first half of 2023, and shift to stocks in the second half of 2023, according to the note. "Rates shock so damaging to Wall Street asset values in 2022, but there's been no rates shock on Main Street," BofA's Michael Hartnett said. "There's your credible big bull trade; we say bonds first half of 2023, stocks second half of 2023," Hartnett said.

☆ Beauty of muni bonds is tax-free income. Here are three key takeaways for investors
▼ + stars: | 2022-11-15 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +6 min

Municipal bonds, or munis, have outperformed other bonds this year, but have still slumped. "We suggest that if you're investing in municipal bonds, individual bonds, you invest in 10 different issues with different credit risks," he said. Investing differs from stocks Muni bonds serve a different goal in a portfolio than assets such as stocks, which you hope go up in value over time. "There's typically some price appreciation with it but it's hard to bank on price appreciation unless you're a very active muni bond trader," said Tyner. Diversified muni bond mutual funds are also a good option for investors, giving access to the muni market without having to take on the risk of buying individual bonds.

At the COP27 climate conference in Egypt, companies and country delegates are discussing ways of enhancing the market for green bonds, or bonds that are linked to projects deemed environmentally beneficial. POPULAR DESPITE THE 'GREENIUMS'Also known as "use of proceeds bonds," green bonds involve a company or government raising money for projects considered environmentally beneficial. SUSTAINABILITY-LINKED BONDSSustainability-linked bonds, or SLBs, comprise a newer and smaller market than green bonds. SOCIAL BONDS, SDG BONDS, AND MOREBeyond bonds focused on environmental outcomes, lie pools of money for related goals around social equity or fair living standards. Social impact bonds, or impact bonds, differ from social bonds in linking financial returns to the desired outcome.

After decades of decline, even into negative territory, term premium is rising again. chartchartchart"We are in a tectonic phase of monetary policy and you are getting asset dislocations across the board, including long bonds," said Solomon Tadesse, head of North American Quant Strategies at Societe Generale. A 30-year bond bought and held to maturity by a pension fund, for example, quickly becomes 'off the run,' so liquidity risk ends up lifting the term premium. In the week through Oct. 21 the 30-year bond's price fell for an eighth straight week, the longest selling streak since 2004. If the Fed is successful in driving down inflation or the economy goes into recession, more investors will flock to 30-year bonds.

☆ Judi Dench says Netflix's 'The Crown' uses 'crude sensationalism'
▼ + stars: | 2022-10-20 | by ( Marie-Louise Gumuchian | ) www.reuters.com time to read: +3 min

LONDON, Oct 20 (Reuters) - British actress Judi Dench has called on Netflix to add a disclaimer to royal drama "The Crown", joining a chorus of voices criticising the series' fictionalised storylines. Netflix says "The Crown", which follows the reign of late Queen Elizabeth over the decades, is "fictional dramatization", inspired by real events. Its fifth season, in which a new cast will portray the royal family in the 1990s, premieres on Nov. 9, two months after King Charles ascended the throne. Dench referenced the scene, calling it "both cruelly unjust to the individuals and damaging to the institution they represent". Some royal commentators have also voiced concern the impact the show could have at the start of Charles' reign.

☆ This new $250,000 SUV has optional bulletproofing, a swanky Cadillac interior, and up to 690 horsepower — take a closer look
▼ + stars: | 2022-10-12 | by ( Tim Levin | ) www.businessinsider.com time to read: 1 min

The Vengeance is based on a Cadillac Escalade, but takes the imposing shape of an armored vehicle that could easily be owned by one of James Bond's nemeses. The Rezvani Vengeance.

When interest rates rise , bond prices go down in value. A bond's duration is the measure of its price sensitivity in relation to a change in interest rates. Before we get into it though, I need to provide some context about interest rates and how they correspond to bonds. With interest rates on the rise, bonds will pay higher coupons. Energy and materials have also done well due to the increase in prices (inflation) that comes along with rising interest rates.

☆ Meet New York grocery billionaire John Catsimatidis, the outspoken Trump supporter who sleeps with James Bond's gun under his pillow and used a controversial facial recognition app to spy on his daugh
▼ + stars: | 2020-03-06 | by ( Taylor Nicole Rogers | Grace Kay | ) www.businessinsider.com time to read: 1 min

Before he launched his grocery chain, 74-year-old Catsimatidis first worked in a supermarket the summer after graduating. screenshot/Business Insider videoThe billionaire told Daily Mail that the summer he graduated from Brooklyn Tech High School he got a job at a local supermarket after his mother "threw" him off the couch. The grocery store was partially owned by his uncle. At the grocery store, Catsimatidis said he worked about 70 hours a week and would often tidy the story for the next day. Source: Daily Mail, NY Report

Search resuls for: "Bond's"

13 mentions found