Hedge fund sells stake in Trump SPAC firm DWAC after merger news

At least one hedge fund has its stake in SPAC Digital World Acquisition Corp. sold after the company announced plans to merge with former President Donald Trump’s planned social media company. Lighthouse Investment Partners, one of at least nine hedge funds that hold shares in Digital World Acquisition, abandoned its holdings in this particular acquisition … Read more

LIVE: Fed Chairman Powell speaks live at a Bank for International Settlements conference – 10/22/21 – CNBC Television

LIVE: Fed Chairman Powell speaks live at a conference of the Bank for International Settlements – 10/22/21CNBC television Federal Reserve strengthens ethical rules to ban active trading by senior officialsYahoo Finance After two scandals, the Fed bans officials from buying stocksCNN Last year, Fed officials called for a month-long “trade blackout”Reuters Watch Fed Chairman Jerome … Read more

Anthony Scaramucci hopes Trump SPAC will continue to rise so that former president can stop running in 2024

Anthony Scaramucci hopes Trump SPAC will continue to rise so that former president can stop running in 2024

Hedge fund founder Anthony Scaramucci, who served briefly in the Trump administration, told CNBC on Friday that he wants SPAC affiliated with former President Donald Trump to succeed because it could stop him from contesting the 2024 election. Scaramucci’s comments on the “Squawk Box” came as part of a significant search for Digital World Acquisition … Read more

America needs to save five key technologies to maintain its power, officials warn

America needs to save five key technologies to maintain its power, officials warn

A technician examines a chip piece for computers. Sefa Ozel | E + | | Getty Pictures WASHINGTON – U.S. government officials have issued a clear warning: America’s position as a world power depends on maintaining leadership in five disciplines – and American enemies are trying to steal each. Officials said they were concerned that … Read more

5 things you should know before the stock market opens on Friday October 22nd

Here are the key news, trends, and analysis investors need to start their trading day: 1. Stock futures mixed after the record close of the S&P 500 Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, USA on October 20, 2021. Brendan McDermid | Reuters US stock futures … Read more

The Supreme Court ruled that it should consider Roe v. Wade if it takes the trouble of abortion in Texas

The Supreme Court ruled that it should consider Roe v.  Wade if it takes the trouble of abortion in Texas

Proponents of her case have been working to make the actual transcript of this statement available online. Stefani Reynolds | Bloomberg | Getty Pictures The Supreme Court should review decades-old abortion-protection measures if it decides to take legal action against Texas law governing the procedure, Texas officials briefly challenged China in a high court case. … Read more

What to know about Terry McAuliffe vs Glenn Youngkin

What to know about Terry McAuliffe vs Glenn Youngkin

Former Virginia Gov. Terry McAuliffe (L) (D-VA) and Republican gubernatorial candidate Glenn Youngkin (R) particpate in a debate hosted by the Northern Virginia Chamber of Commerce September 28, 2021 in Alexandria, Virginia. Win McNamee | Getty Images Without any other hotly contested big races this fall, all eyes are on Virginia as Democrats try to … Read more

Biden support declines rapidly, as CNBC survey finds concerns about economy, Covid and inflation

Biden support declines rapidly, as CNBC survey finds concerns about economy, Covid and inflation

The president’s approval, Joe Biden, sank deeper underwater in the CNBC All-America Economic Survey when the American people undermined economic leadership, lost confidence in his handling of the coronavirus and became increasingly concerned about inflation and a lack of supply. Only 41% of the public approves Biden’s handling of the administration, compared with 52% disapproving. … Read more

Trump announces social media plan, SPAC design

Trump announces social media plan, SPAC design

Former President Donald Trump addresses supporters during a rally at the Iowa State Fairgrounds on October 09, 2021 in Des Moines, Iowa. Scott Olson | Getty Pictures Former President Donald Trump announced Wednesday that he will be opening his own radio station, including a social media platform called “TRUE SOCIETY,” in order to “stand on … Read more

The Koch network uses a large invitation to challenge the Biden agenda

The Koch network uses a large invitation to challenge the Biden agenda

A political party backed by billionaire Charles Koch has spent a lot of money appealing to Congress, hoping to challenge the essentials of President Joe Biden’s plan while backing more loans backed by Democratic judges. The Americans for Prosperity, 501 (c) (4) nonprofit organization, backed by Libertarian-leaning Koch, spent $ 350,000 between July and September … Read more