Steve Cohen Tops Hedge Fund Rich List With $3.4 Billion Haul

Rate-Hike Odds Slide As US Consumer Price Inflation Prints Slowest Since Pre-War July's ongoing decline in oil prices (before the late July/early August rebound) should support lower prices in today's CPI print (with portfolio management impacts expected to be a bigger upside deal for PCE as stocks soared) but expectations were for an uneventful 0.1% MoM rise in the headline print. And the print was perfectly in line, rising 0.,1% MoM and 3.4% YoY (down from +3.5% in June) - the lowest since March... With Goods inflation flat at 0.8% YoY and...

Citizenship Is Not A Product: Rubio Hits Birth-Tourism Fixers After SCOTUS Blocked Broader Ban The United States is no longer pretending that a tourist visa plus a delivery room equals a legitimate path to American citizenship. On September 23, Secretary of State Marco Rubio announced a new visa-restriction policy under Section 212(a)(3)(C) of the Immigration and Nationality Act aimed at the people who actually run the business: owners and managers of commercial birth-tourism networks, visa "fixers" who coach applicants to lie, foreign medical providers who arrange the trips and allegedly tap...

Beijing Tightens Grip On Solar Exports: Will Trump Play America's Quartz Card? Beijing's new restrictions on advanced solar technologies and equipment suggest the Trump-Xi meeting in Washington did little to ease trade tensions. The new measures aim to preserve China's technological advantage as the US and India expand domestic solar manufacturing. This reinforces ongoing concerns about critical materials, where Beijing has placed export controls on tungsten, germanium, gallium, and antimony. Bloomberg cites a statement released by China's Ministry of Commerce earlier this morning announcing that it would add 12 solar-related technologies...