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“GOP looks to roll back Biden administration’s radical economic agenda” It’s always dangerous to divvy up the spoils of war before achieving victory, but the GOP’s congressional leadership appears to be moving in that direction anyway. So confident they will take the majority in the House and probably the Senate in Tuesday’s midterms, key members…
“Kim Kardashian could be ‘tip of the iceberg’ for celeb crypto crackdown” Kim Kardashian’s $1.26 million fine from the Securities and Exchange Commission could just be the first shot in a broader regulatory volley against crypto-hawking celebrities, experts tell The Post. A-listers including Matt Damon, Tom Brady and Larry David, who appeared in ads for cryptocurrency…
“Elon Musk’s ‘best’ Twitter offer looks bogus” The Elon Musk-Twitter drama keeps taking sometimes bizarre, unexpected turns so whatever I write here could be moot not long after the ink dries. It’s always been dangerous to talk in absolutes about Musk. He is said to be genius-level smart but he’s done some really dumb things…
“SEC’s Gary Gensler unveils plan to overhaul stock trading” The Securities and Exchange Commission’s top boss unveiled a plan on Wednesday that he said would make sure retail traders — including those behind last year’s “meme stock” mania — get a fair deal. The proposed changes put the SEC on a potential collision course with…
“Biden’s inflator in chief Brian Deese is an awful pick” There might be worse choices to lead President Joe Biden’s fight against inflation — Vice President Kamala Harris immediately comes to mind. But the role of Brian Deese in Biden’s new and belated “laser focus” on inflation is more proof that Sleepy Joe either doesn’t…
“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…
“Elon Musk likens himself to Eminem in legal battle with SEC” Elon Musk compared himself to the foul-mouthed rapper Eminem in a court filing, alleging that the Securities and Exchange Commission is running roughshod over his First Amendment rights as it clamps down on his Twitter habit. The billionaire Tesla CEO’s Tuesday legal salvo cites…
“SEC’s Gary Gensler ‘passes’ the buck” It’s bad enough that our political class never lets a good crisis go to waste in pursuing harebrained policies that sound good on paper but usually fail in practice (ObamaCare). It’s another thing to make the crisis — in this case soaring energy prices and rampant inflation — worse….
“Russian invasion sheds light on hypocrisy of Gary Gensler, corporate wokesters” Vladimir Putin’s invasion of Ukraine has further exposed the hypocrisy of the woke investment fad known as ESG. ESG is the acronym for environmental social governance. It’s an amorphous group of edicts that have been adopted by big Wall Street firms, investment managers and…
“#Nasdaq’s diversity rule rankles Republican states” A group of Republican-led states slammed Nasdaq’s implementation of a diversity disclosure rule for corporate boards this week, arguing in a court filing that the requirement is illegal and unconstitutional. The states outlined their position in a legal brief supporting a lawsuit in the Fifth Circuit Court of Appeals,…