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FINRA fines Pershing LLC (Bank of NY Mellon) only $175,000 for failing to report millions of fractional share trades over 26 years.
FINRA charged Pershing LLC, a subsidiary of Bank of New York Mellon, for failing to report millions of fractional share trades from June 1997 to June 2023. Pershing agreed to pay a fine of $175,000 as part of the settlement. The violations included failing to report trades and not maintaining a proper supervisory system for these trades. …
Share of young adults, esp. y women, who say they are “unlikely” to have kids is surging.* Biggest reason: “Just don’t want to”
Seems as though JD Vance’s accurate “cat lady” comment struck a nerve! 🚨 New Pew: Share of young adults, esp. y women, who say they are "unlikely" to have kids is surging.* Biggest reason: "Just don't want to". 🚨 * Among those who are currently childless. pic.twitter.com/978vmoIyqp — Brad Wilcox (@BradWilcoxIFS) July 25, 2024 What’s …
Rising 10y yield threatens US economic stability; Fed and Treasury share Japan’s burden.
5-year correlation of USD/JPY v. 10y UST yield suggests 10y yield could head back toward 5%. Problem is US can't afford Interest, Entitlements, & Cold War 2.0 at a 5% 10y w/o more USD liquidity. Translation: Weak JPY is as much the Fed's & Treasury's problem as it is the BOJ's. pic.twitter.com/1LKDLWP1WV — Luke Gromen …
Labour will make every UK borough take ‘fair share’ of migrants, says Rayner
Labour will make every UK borough take ‘fair share’ of migrants, says Rayner Party deputy leader insists all authorities must house successful asylum seekers who will be eligible for places in new 1.5m social housinghttps://t.co/iFV2XQgGjL — Make Britain Great Again (@UK_Needs_Reform) June 26, 2024 Under a Labour government, every UK borough would be required to …
Top 1% Now Have Higher Share Of Household Wealth Than Entire Middle Class (Struggling Households At 46%)
by confoundedinterest17 Now you know why Joe Biden has fund raisers in Hollywood and New York where the elites (the top 1%) live. Biden is the President of The Elites, not the middle class. How bad it is? The top 1% now have more household wealth than the entire middle class. Note that the recent …
Amazon, Apple, Google, Microsoft, and Nvidia now dominate S&P 500 with 27% share, exceeding the Dot-com bubble peak by 9 points.
Amazon, Apple, Google, Microsoft and Nvidia (5 largest stocks) COMBINED now account for a record 27% share of the S&P 500. This is up from ~19% in just 2 years. In 2015, the percentage of 5 largest stocks was just 11%. It is 9 percentage points higher than in Dot-com bubble. pic.twitter.com/ywNf927cWE — Global Markets …
Putin Aide’s World War Warning To U.S. Amid Ukraine War; ‘Will Get Its Share Of Radioactive Ash…’
Former Russian President Dmitry Medvedev lashed out at the West, warning America against launching any strikes on Russian targets in Ukraine. Medvedev warned that any U.S. strike on Russian positions will lead to a World War. This after Polish foreign Minister Radoslaw Sikorski claimed that U.S. has threatened to retaliate if Russia uses nuclear weapons. …
Nvidia CEO Jensen Huang’s net worth rockets to $90 billion – after stock soars well over $1,000 per share
Nvidia CEO and cofounder Jensen Huang became a much richer man Thursday as shares of his semiconductor chip company that’s become the poster child of the artificial intelligence movement surged to a fresh all-time high, placing him among the world’s Top 20 wealthiest, according to Forbes calculations. Key Takeaways Huang’s net worth grew by almost …
JP Morgan CEO’s massive share sell-off sparks insider trading alert.
Alarm bells ring as JP Morgan’s Chairman and CEO, Jamie Dimon, dumps a staggering 178,222 shares of $JPM, totaling $32 million, adding to his already substantial sales this year exceeding $180 million. With Dimon’s actions signaling significant insider activity, concerns mount over the implications for the market, particularly amidst fears of quantitative tightening (QT). As …
Share this eye-opening video, lasts over 5 minutes, revealing media manipulation and advocating accountability.
This is what they do pic.twitter.com/2FTbZ6akmE — Marine_Patriot (@1776_Marine) April 2, 2024
BRICS overtakes G7 in terms of share in global GDP in PPP terms
The head of the Russian Central Bank, Elvira Nabiullina, stated in an interview for RIA Novosti yesterday that the BRICS states have overtaken the G7 in terms of share in global GDP in PPP terms. As new members have joined, the group’s share in global output rose from 31% to 35% as of the end …
What share of all wealth do the top 1% possess in the US? [Chart since 1990]
There’s no number for 2022. Must have been a shocker! Too big UP to print. h/t mark000
YES: It’s time for universities to share the burden of student loan defaults.
“By inducing their students to borrow from the government, higher education institutions collect vastly inflated tuition and fees, which they then spend without worrying about whether the loans will ever be repaid. This in turn incentivizes them to push the tuition and fees, and room and board, ever higher — by an average of 169 …
$AMD is in a great position to take market share from $NVDA.
by alc_magic $AMD is set up to take a lot of market share from $NVDA for 2 reasons: 1.Much of of $NVDA ´s moat stems from CUDA, which enables developers to interact with $NVDA GPUs seamlessly when coding. However, Pytorch has become the dominant framework for deep learning (AI) and now, $AMD GPUs work out …
Pharmacies share medical data with police without a warrant, inquiry finds
Pharmacies share medical data with police without a warrant, inquiry finds The revelation could shape the debate over Americans’ health privacy as states move to criminalize abortion and drugs related to reproductive health By Drew Harwell December 12, 2023 at 7:00 a.m. EST The nation’s largest pharmacy chains have handed over Americans’ prescription records to …
‘Tragedy’: DC officials share new details on 13-year-old killed during carjacking
After a 13-year-old was shot and killed during a carjacking in downtown D.C., District officials spoke about what happened and who the child was. Vernard Toney Jr. died Sunday after he was shot on D Street NW, in the Penn Quarter area, the previous night. Police say an off-duty federal security officer shot Toney after he …
We are 1000 days into the Biden presidency. If you bought 1 share of SPY the day Biden took office…
by acg7 You would have paid $381.11 for it. As of this exact second, that same share is worth $431.92 This imputes an annual ROI of 4.67%. However inflation has been out control. And it now takes $448.43 to buy the same amount today, that you could buy for $381.11 in January of 2021. Meaning if …
Young Americans are forced to live in zee basement; A record share of Americans think it’s a bad time to buy a home
Young americans are forced to live in zee basement pic.twitter.com/ViVB1g4IQj — Alessio (@AlessioTMAD) October 4, 2023 A record share of Americans think it's a bad time to buy a home: pic.twitter.com/kiyyQZtyVb — unusual_whales (@unusual_whales) October 4, 2023
How Great Is Our Economy If The Bottom 50%’s Share Of The Nation’s Wealth Has Plummeted Since 2009?
Authored by Charles Hugh Smith via OfTwoMinds blog, Something has been going very wrong in the US economy for a very long time, and whatever is going wrong accelerated from 2009 to the present. Longtime readers know I’ve covered America’s soaring wealth and income inequality for many years, and so I read economist Noah Smith’s …
Taiwan semiconductor warned that Artificial Intelligence is not as good as it sounds; Elon Musk prioritizes market share over profits, resembling his previous high-profile purchase of Twitter, despite its unprofitability.
Taiwan semiconductor warned that Artificial Intelligence is not as good as it sounds.https://t.co/ENHumo5m4y"TSMC's second-quarter earnings call may go down as one of the more pessimistic calls in recent history" Just another rope-a-dope. pic.twitter.com/1YtEEDD7Xc — Mac10 (@SuburbanDrone) July 20, 2023 Bulls the highest since the left shoulder over two years ago: pic.twitter.com/v0CmBacGO5 — Mac10 (@SuburbanDrone) July …
Bidenomics In 3 Charts! Share of Total Net Worth Held by the Top 1% Near All-time High, 25 Straight Months Of NEGATIVE Real Wage Growth, 3 Straight Quarters Of NEGATIVE Net Worth Growth
by confoundedinterest17 Bidenomics, which Bumbling Biden can’t explain, and his Press Secretary Karine Jean Pierre only utters “top down was a failure, we are trying the opposite!” Sorry Karine, Bidenomics personifies top down economic (mis)management where DC picks winners and losers as opposed to the free market. Under Biden’s corrupt administation, it is more like …
The share of nonfinancial firms in financial distress has reached a level that is higher than during most previous tightening episodes since the 1970s
by Dismal-Jellyfish Source: https://www.federalreserve.gov/econres/notes/feds-notes/distressed-firms-and-the-large-effects-of-monetary-policy-tightenings-20230623.html TLDRS: Since March 2022, U.S. monetary policy has become tighter. More businesses are financially distressed now than in previous instances of tightening since the ’70s. Studies suggest that these conditions could lead to significant declines in investment and jobs in the near future. The theory is that when monetary policy gets tougher, …
Treasury Secretary Janet Yellen says to expect a gradual decline in the dollar’s share of global reserves, but greenback remains dominant (“Gradual decline” is a whopper right up there with “inflation is transitory”)
via businessinsider: The US should expect the dollar’s share of global reserves to slowly decline, but no alternatives exist that could completely displace the greenback, Treasury Secretary Janet Yellen said on Tuesday. Her comments came during a Housing Financial Services Committee in response questions about the risk of de-dollarization. Asked by Rep. Warren Davidson, R-Ohio, …
Sydney rental advertisement sparks outrage as three people to share one bedroom amid crisis
via news.com.au: Some Sydney renters are facing the prospect of having to share a bedroom with one or two other roommates as the housing crisis shows no signs of abating. The shocking conditions being advertised in Sydney rental homes has sparked outrage online. It also means the worrisome prediction of Australia’s central bank governor Phillip …
FALLOUT: Bud Light only has a few months to prevent sustained market share loss, warns former Anheuser-Busch sales exec.
via fortune: Come September, retailers are expected to begin reallocating the limited shelf space by relying on sales data from the preceding months. In Bud Light’s case, that could mean a diminished presence going forward following the controversy over its brief partnership with a transgender influencer, according to Anson Frericks. A president of sales and …
Elon Musk is $70 billion richer than he was in January as Tesla share prices hits 4 month high
Shares of the electric vehicle giant run by the oft-erratic billionaire Elon Musk rallied to their highest price since early this year in Friday trading, as Musk’s net worth, battered badly by his controversial purchase and leadership of Twitter, closes in on once again becoming the largest in the world. Tesla shares ticked up 3% …