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Insider Trading: A Stricter Diktat On Trading Window(Bloomberg) A recent circular from the stock exchanges mandating the period during which the trading window will have to be shut has perturbed market participants. The market regulator’s rules on insider trading say that designated persons of a...

First New York Building Hedge Fund Business(HFAlert) Proprietary-trading shop First New York is taking another stab at launching a hedge fund. The firm, whose 125 internal and external portfolio managers run a little more than $3 billion of gross assets, envisions a multi-strategy vehicle that...

Under Armour opens new omni-distribution center Baltimore, Maryland-based athleticwear company Under Armour has unveiled its new Omni Distribution House in Baltimore County. Located on the former site of Bethlehem Steel at Sparrows Point, the 1.3 million square-foot-center will serve as a...

Facebook Streaming Facebook is instituting a "one strike" policy that bans users (for a period) from live-streaming video on its platform if they break Facebook's community standards just one time. The move comes in the wake of the Christchurch massacres, which the perpetrator live-streamed...

Boeing Review The Federal Aviation Administration did not involve its senior officials in safety assessments of Boeing's 737 MAX flight control system, instead leaving the assessments up to Boeing. That's according to an internal FAA review in the wake of two fatal crashes that have been linked...

Huawei Ban President Trump will reportedly ban U.S. companies from using telecoms equipment from vendors that pose a national security risk this week. The executive order would effectively lead to a ban on the use of Huawei equipment—which would at least mean the U.S. taking the same medicine...

Federal labor lawyer says Uber drivers are not employees There has been an ongoing debate regarding whether or not gig-economy drivers for Uber and Lyft are independent contractors or employees (and eligible for benefits). The National Labor Relations Board recently ruled Uber drivers...

“It doesn’t matter how the paint is put on, as long as something is said.” - Jackson Pollock

Sotheby’s $350 million sale of impressionist and modern art surpassed its $333m high estimate and was 90.9% sold, led by that $110.7m Monet and a $55m Picasso bought by Steve Wynn’s art… (link: https://www.instagram.com/p/BxdzJyhFSyJ/?utm_source=ig_twitter_share&igshid=cydih43oop6w)...

Kyle Bass Exits Yuan Short Bet Just as Trade War Really Heats Up (Bloomberg) Longtime China-bear Kyle Bass has closed his nearly four-year wager against the offshore yuan just as the trade war between the U.S. and China is intensifying. “I don’t have a vested interest in China’s currency...

Kyle Bass Exits Yuan Short Bet Just as Trade War Really Heats Up (Bloomberg) Longtime China-bear Kyle Bass has closed his nearly four-year wager against the offshore yuan just as the trade war between the U.S. and China is intensifying. “I don’t have a vested interest in China’s currency...

“It’s too hot to talk” - Tuareg proverb