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“Gas stove manufacturers push back on talk of a ban” Appliance manufacturers hit back after a US government official suggested the feds are considering a ban on gas stoves over alleged safety hazards. The Association for Home Appliance Manufacturers said there are “simple steps” consumers can take while they are cooking, such as opening a…
“How Congress can rein in gas prices — and unelected bureaucrats” What if Congress could stop President Joe Biden from spiking gas prices? We shouldn’t have to daydream. With the president pursuing a slew of costly mandates and executive actions restricting oil and gas development and driving up energy costs, Republicans must rally behind a dramatically expanded and…
“Reality bites traders, memers and crypt-iots” Melvin Capital is maybe the first — but certainly won’t be the last — hedge fund hammered out of business as markets wean themselves off the heroin of cheap money that has propelled stocks and just about everything else for the past two-plus years. Hedge-fund investors, even those who…
“#Leftist FCC nominee Gigi Sohn faces another ‘conflict’ hurdle” Gigi Sohn’s journey to the Federal Communications Commission has seen more volatility than the Nasdaq. Expect the fireworks to continue this week as new, troubling details have emerged that could further taint her nomination to one of the country’s most important and powerful regulators of big…
“#SEC case against Ripple Labs sale a ‘Bit’ of a double standard” During last week’s snoozer of a congressional hearing on the $2.5 trillion crypto-blockchain business, we got just a small glimpse into just how little the government knows about a technology that could transform the way we do business. A more complete picture of…
“#Biden letting lefty Elizabeth Warren call the fin-reg shots” Who elected Elizabeth Warren president of the US economy? All signs point to Joe Biden, who between naps and licks of his ice cream cone has bestowed upon Warren de facto presidential powers to appoint people to key government posts that influence the nation’s economy. I…
“#The Fed’s left-face decision on Jerome Powell reign” As this column goes to press, the Wall Street C-suite class is giving Jerome Powell slight odds to be reappointed as Federal Reserve chairman. Yes, he is disliked by progressives such as Elizabeth Warren; they have a big say in just about anything the Biden administration does…
“#Gary Gensler’s overregulation would sink ‘meme’ markets” BEVERLY HILLS, Calif. — Gary Gensler and his Democratic colleagues on the Securities and Exchange Commission will try to sell their long-awaited report on the “meme stock” trading frenzy as a clarion call for more regulation. But if you remove the report’s propaganda, it shows that our markets…
“#Bitcoin surges 5% as optimism grows for SEC approval of ETF” Bitcoin is surging amid hope that the Securities and Exchange Commission is close to approving an exchange-traded fund that incorporates the digital coin. Bitcoin was trading at about $57,500 on Thursday morning, up 5 percent over the previous 24 hours, according to Coinbase data. …
“#Biden the latest in Wall Street’s presidential losing streak” Oops, they did it again. Wall Street has a notoriously horrible record in recent years of backing presidential candidates who sound good on paper but ultimately turn out to be duds. Add Joe Biden to the list. Not only are C-suite executives at the big investment…