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BIZARRE: 15 - What They Never Told You

Goldman Sachs economists keep doubling down on their call that we’ll avoid a recession. Their boss disagrees.

What a difference 30% makes. Goldman’s chief economist sees about a one-in-three chance of the economy shrinking, but CEO David Solomon sees it the other way.

Fortune

Superdry secures £80m refinancing deal as cold weather boosts jacket sales

The Gloucestershire-headquartered clothing retailer reported “record” Black Friday sales for its outerwear

Birmingham Post

Canada targets Abramovich company for Ukraine sanctions seizure

Government plans to seize US$26m from Granite Capital Holdings, owned by sanctioned former Chelsea FC owner

The Guardian - US

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1 Auto Stock Hedge Fund Managers Are Buying Right Now

Several hedge funds have increased their position in the Netherlands-based auto company Stellantis (STLA). Some hedge funds have also opened new positions in the stock. Hence, this stock might be a solid addition to your portfolio now. Read on….

StockNews.com

Kwasi Kwarteng 'champagne reception' with bankers missing from published diary

Officials have been asked to explain why the notorious reception - on the night of his disastrous mini-budget - was left off his list of ministerial meetings. As, crucially, was the guest list.

Daily Mirror

Carolina Panthers settle failed practice site for $100M

A federal judge has approved a bankruptcy settlement of about $100 million over Carolina Panthers owner David Tepper’s failed plan to build a practice facility for his NFL team in South Carolina

The Independent UK

The chief investment officer at the world’s biggest hedge fund says we’re headed for a recession that’s ‘double the normal length’—and it has a lot to do with China

“You have this long grind that’s probably a couple years.”

Fortune

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Eight finance influencers indicted in $100 million stock manipulation scheme

The promise was simple: Follow them and get rich.

Los Angeles Times

US charges 8 in social media 'pump-and-dump' stock scheme

The government has charged eight men of earning more than $100 million in illicit stock market profits by manipulating their novice-investor followers on social media

The Independent UK

NYU names new building after hedge fund leader John Paulson

Ten years after receiving it, New York University publicized a $100 million gift from the hedge fund leader John Paulson

The Independent UK

Billionaire Ken Griffin sues IRS over leaked tax records

Multibillionaire Ken Griffin filed a lawsuit against the IRS Tuesday alleging the agency violated his right to privacy after investigative journalism outlet ProPublica reported in April on the tax records of the Republican megadonor and former Chicagoan.

Chicago Tribune

Dartmoor camping ban could hit birdwatchers and climbers, court told

National park argues attempt by landowner to stop people sleeping overnight could restrict other ‘sedentary pursuits’

The Guardian - UK

Delays to mental health treatment in England ‘putting more children in care’

Association of Directors of Children’s Services says delays mean parents can no longer cope with children’s behaviour

The Guardian - UK

'People are striking out of desperation - the Government is to blame for the disruption'

The real-term pay for teachers is down 9% since 2010, while nurses’ has fallen by 8% - this is the the reason why so many people have resorted to industrial action

Daily Mirror

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The Guardian - UK

Legal right to wild camp on Dartmoor never existed, court hears

Lawyers for landowner Alexander Darwall argue camping is not explicitly mentioned in laws

Tribune News Service

Inflation was so bad that it even crushed inflation-linked bonds

As the U.S. economy veered toward the biggest inflation shock in four decades, investors flocked to the one corner of Wall Street that seemed a sure-fire refuge: Treasuries that provide extra compensation to keep up with rising consumer prices.

Axios

Exclusive: Major League Pickleball finalizes 2023 expansion plans

MLP has finalized the format and schedule for 2023, which will see the league double its number of teams and events.

Tribune News Service

BlackRock facing more blowback over ESG as GOP pressure mounts

It’s been a tough couple weeks for BlackRock Inc., the world’s largest money manager, which endured fresh blows from Republican officials sharply critical of ESG.

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The Guardian - UK

Wild campers to protest against landowner’s bid to ban Dartmoor camping

High court will rule next week on challenge brought by Alexander Darwall to remove right to wild camp on moor

The Independent UK

Hedge fund CEO’s employee gift of three days at Disney World stirs controversy

Celebrations come as Wall Street firms prepare for leaner times and cut back

The Philadelphia Inquirer

Vanguard quits clean energy group after 13 states complain

One week after 13 Republican state attorneys general asked federal energy officials to consider blocking Vanguard Group from buying utility stocks because of its relationships with anti-coal and anti-natural gas activists, the Malvern, Pennsylvania-based investment giant has pulled out of an international group committed to reducing net greenhouse gas emissions…

Bangkok Post

SEC urged to rejig rules after MORE scandal

The Association of Securities Companies (Asco) and its members have proposed the Securities and Exchange Commission (SEC) adjust the regulations regarding stock manipulation in the aftermath of the More Return Plc (MORE) scandal.

The Guardian - UK

Trafigura hands out $1.7bn in dividends on profits fuelled by Ukraine war

Commodity trader posted record profits of $7bn after ‘exceptionally strong’ year

The Independent UK

Trump blowback could carry less bite in 2024 for some in GOP

Donald Trump’s attacks on fellow Republican David McCormick contributed to the former hedge fund manager’s loss in Pennsylvania’s Senate primary in May

StockNews.com

Are You Ready for the Bear Market to Return?

One has to laugh at the macho stock rally the bulls pulled off last week as they ONCE AGAIN misunderstand the statements of the Fed. As clearer heads prevail the stock market (SPY) have erased all of last weeks gains and then some. That is the past. What matters is…

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