Category Archives: Wall Street

“Pandemic Bonds”: World Bank’s $500 million pandemic scheme accused of ‘waiting for people to die’

Health experts say that the $500 million World Bank scheme to help the poorest countries deal with a health emergency is “too little too late” for the coronavirus outbreak. These first Pandemic Emergency Financing (PEF) bonds were launched in 2017 by Jim Yong Kim, the World Bank’s president at the time, after the Ebola outbreak in Africa. […]

Stock Market records after President Trump’s comments on Iran attack sparks ‘sigh of relief’ rally

Stocks rose on Wednesday after President Donald Trump spoke about an attack by Iran at an Iraqi airbase that hosts American troops which led to a massive sell-off in overnight trading.   President Trump said Iran appeared to be “standing down” after they attacked the Al Asad airbase. But the U. S. President added the U.S. […]

Wall Street Journal: Two Distressed-Asset Hedge Funds Bar Clients from Withdrawing Money

The Wall Street Journal reports that distressed-asset hedge-fund firms York Capital Management and Southpaw Asset Management are barring clients from getting back all of the money they have requested for year-end.    This is a sign of the pressure that investors in distressed assets are facing.    

BOOM!! Stock Markets up 7% since President Trump impeachment inquiry began

  President Trump was impeached last night by the Democrat-controlled House of Representatives.  However, stock markets were not unnerved this morning.  The financial markets ignored the political firestorm and instead focused on a trade deal with China and an economy that appears to be booming.   The Democrats’ impeachment case stems from alleged efforts by […]

Wall Street Journal: Options Traders Eye Insurance Even as Stocks Soar

Demand for stock protection has been relatively high for contracts expiring in a few months to a whole year from now. This has driven up the cost of bearish put options on the index, bets that could pay out if there were a market swoon.