I was flattered to be invited to chair the keynote panel on new business models for banking at the Paris Fintech Forum 2023, because the issue of paradigm shift is being raised again and to me, paradigm shift means a change in business model, not mere refinement of an existing…

Key takeaways Microsoft’s Activision takeover faces regulatory hurdles from the UK, US and even gamers in a private lawsuit UK and US hearings are set to take place in the summer, with 40 other countries, including the EU having already approved the merger Activision’s share price has swung with the…

TL;DR The debt ceiling crisis which has dragged on for months has finally been put to bed, with the U.S. Senate passing the bill last night Both the ADP jobs report and the U.S. Jobs Report have come in way above expectations, making the Feds next decision on interest rates…

Key News Asian equities were largely higher overnight as Japan outperformed while South Korea was closed for their Memorial Day holiday. It was a quiet night overnight as Hong Kong and Mainland China had a choppy session, though Shanghai and Shenzhen pushed slightly higher and above the 3,200 and 2,000…

Indicted Rep. George Santos’ attorney has filed a letter asking the judge overseeing the New York Republican’s case to keep the names of the people who put up his $500,000 bond sealed. Attorney Joseph Murray objected to a motion by news organizations, including CNN, for the judge to make public…

I like the stocks of companies whose top executives are buying their own shares. Lately, that includes Albemarle ALB , East West Bancorp EWBC and Matador Resources MTDR . Albemarle Lithium is a hot commodity because it’s used in electric vehicle batteries. A leading miner, processor and seller of lithium…

Key Takeaways Markets Making New Highs Apple Hosts WWDC Today Oil Trading Higher Last week, stocks added to what has been a strong start to the summer. The S&P 500 and Nasdaq Composite both gained nearly 2%. Apple AAPL , Amazon AMZN , Facebook and Netflix NFLX all posted solid…

If current forecasts are accurate, this summer could mark a historic high in airline passenger volumes. The industry group Airlines for America (A4A) predicts that approximately 257 million people will travel on U.S. commercial airlines from June 1 to August 31, representing a 9.5% increase from the previous summer. That…

It has taken a long while and a great deal of adversity. But Americans of many political persuasions – Democrat and Republican, progressive and conservative, partisan and independent – are at last rediscovering something we’d come close to forgetting. I refer to the existential importance of our nation’s productive capabilities…

It’s the day after the night before marked by a unilateral oil production cut of 1 million barrels per day (bpd) by Saudi Arabia, dressed up for the crude market as an OPEC+ production cut. While the efficacy of Riyadh’s move is debatable, what happened on Sunday (June 4, 2023)…