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American hedge fund boss Bill Ackman has made $2.6 billion by betting against the markets just days after stoking fears by saying 'hell is coming' and begging President Donald Trump to shut down the country amid the coronavirus pandemic. The Pershing Square Capital Management hedge fund manager said his firm had made $2.6billion from a one-off bet that the coronavirus outbreak would cause a global market crash. His firm seized upon bond market turmoil during the coronavirus crisis in buying 'credit protection on various global investment grade and high-yield credit indices'.

Published on Thursday 9th of April 2020 07:13:23 PM Read more...

NASHVILLE, Tenn. (WTVF) — The Southeastern Conference has canceled the Men's Basketball Tournament in Nashville amid COVID-19 concerns.

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HUGE: Strzok-Page Texts Were Not Unearthed by Sharp FBI Investigative Work – Strzok’s Angry and Scorned Wife Turned Him In After Finding Texts on His Phone! ... the reason corrupt FBI agent Peter Strzok was caught texting his lover in the FBI, Lisa Page, was not due to incredible investigative work. The reason was the oldest explanation in the book – his jealous and scorned wife! We are only now finding out how Peter Strzok got caught texting his mistress Lisa Page at the FBI. He was outed by his wife – ... Sidney Powell summed it up – “There...

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With nothing but a bye week standing in the way of the game of the season, LSU began the trash talking process by calling up Alabama in typical horror film style.

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The state's top prosecutor believes that the go-to social media site for accused Tree of Life shooter Robert Bowers is on its last legs financially, according to a statement issued early Thursday further explaining that office's decision to close a civil probe that followed the synagogue massacre. The statement from the office of Attorney General Josh Shapiro indicates that the decision to close the probe followed indications that Pennsylvania-based Gab.com "had exhausted its already-raised money, and was no longer going to be serviced by the payment processors, cutting off all public funding to support the business." Spokeswoman Jacklin Rhoads went...

Published on Thursday 9th of April 2020 07:13:23 PM Read more...

The SEC takes football a little bit more seriously than the rest of the country. Let Connor Bruce Croll serve as an example. The 19-year-old Alabama freshman has been arrested, accused of calling in a threat to LSU’s Tiger Stadium during its Saturday night showdown against the Florida Gators, the Tuscaloosa News reports. The nature of the alleged threat hasn’t been disclosed. But if the allegations are true, then this die-hard Crimson Tide fan went to extreme measures to disrupt a game between two of Alabama’s biggest rivals.

Published on Thursday 9th of April 2020 07:13:23 PM Read more...

SEC: Environmental investment company Natural Blue Resources run by criminals The Securities and Exchange Commission (SEC) charged a company cofounded by Paul Pelosi Jr. with fraud on Wednesday after learning that two convicted criminals were running the business. Paul Pelosi Jr., the son of House Minority Leader Nancy Pelosi (D., Calif.), was the president and chief operating officer of Natural Blue Resources Inc., an investment company he cofounded that focuses on "environmentally-friendly" ventures. The SEC charged four individuals with fraud, including former New Mexico Gov. Toney Anaya, and suspended trading in the company’s stock. Pelosi owned over 10 million shares...

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A former Walt Disney Co. accountant says she has filed a series of whistleblower tips with the Securities and Exchange Commission alleging the company has materially overstated revenue for years. Sandra Kuba, formerly a senior financial analyst in Disney’s DIS, +0.29% revenue-operations department who worked for the company for 18 years, alleges that employees working in the parks-and-resorts business segment systematically overstated revenue by billions of dollars by exploiting weaknesses in the company’s accounting software. Kuba said she has met with officials from the SEC on several occasions to discuss the allegations. A spokeswoman for the SEC declined to comment....

Published on Thursday 9th of April 2020 07:13:23 PM Read more...

House Democratic Leader Nancy Pelosi’s husband bought up to a quarter million dollars of stock in SunEdison, a now financially troubled green energy company just weeks before it announced a major 2014 acquisition that sent its stock price soaring. SunE's 2014 purchase of wind energy company First Wind “further bolstered the reputation of the company,” wrote one market-watcher at the time. “Perhaps unsurprisingly, SunEdison’s stock soared 29% on news of this acquisition alone.”

Published on Thursday 9th of April 2020 07:13:23 PM Read more...

Even $1.5 billion in subsidies and loan guarantees can’t save a “clean” energy company from bankruptcy. That’s the takeaway from the looming failure of SunEdison, a company that touts itself as the “largest global renewable energy development company.” Once a darling of Wall Street and the green Left because of SunEdison’s portfolio of wind and solar projects, the company’s stock is now in free fall. Furthermore, two related companies that were spun off from SunEdison — TerraForm Global and TerraForm Power — also appear to be in financial distress. On March 30, Brian Wuebbels, the CEO of both TerraForm companies,...

Published on Thursday 9th of April 2020 07:13:23 PM Read more...

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