Free Republic

Senator Cory Booker (D-NJ) said Sunday on NBC’s “Meet the Press” that there was “enough of an offense” to trigger congressional hearings questioning whether anyone traded improperly after President Donald Trump’s tariff announcements. Host Kristen Welker said, “Some of your Democratic colleagues are actually calling for an investigation into whether or not there was insider trading. The president saying it’s a good time to buy and then, of course, hitting the pause button on some of those tariffs. Do you believe that democrats have any real evidence that anyone in the administration profited off of the president’s policies and announcements,...

WASHINGTON, April 7 (Reuters) - White House economic adviser Kevin Hassett played down economic concerns over President Donald Trump's tariffs, saying the president has talked to world leaders all weekend and will listen to proposals for great deals. "He's doubling down on something that he knows works, and he's going to continue to do that," Hassett, director of the National Economic Council, said on Fox News. "But he is also going to listen to our trading partners, and if they come to us with really great deals that advantage American manufacturing and American farmers, I'm sure he'll listen." Trump has...

NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, today announced plans to launch NYSE Texas, a fully electronic equities exchange, headquartered in Dallas, Texas. Pending the effectiveness of regulatory filings, NYSE Chicago will reincorporate in Texas and be renamed NYSE Texas, offering companies the opportunity to list their securities on NYSE Texas. “As the state with the largest number of NYSE listings, representing over $3.7 trillion in market value for our community, Texas is a market leader in fostering a pro-business atmosphere,” said Lynn Martin, President,...

Silver prices soared by over 6% yesterday, breaking through the crucial $33.6 per ounce mark and sending shockwaves through global markets. The surge has put five major U.S. banks at risk of massive losses, potentially in the billions, due to their heavy short positions in the precious metal. According to data from the Commodities Futures Trading Commission (CFTC), the open interest in silver futures contracts has reached a staggering 141,580 contracts, each representing 5,000 ounces of silver. This translates to a total of 707,900,000 ounces – nearly equivalent to a year's worth of global silver production.

Oil prices tumbled over 4% today, reaching a 3-year low as trader sentiment continued to sour ahead of tonight's highly anticipated U.S. Presidential debate between Donald Trump and Kamala Harris, with bearish sentiment sinking to multi-year lows as traders continue overreacting to any negative development and ignoring relatively healthy fundamentals.

At an undetermined date, in an undisclosed location, the Biden administration began operating a secretive new court to protect Europeans’ privacy rights under U.S. law. Officially known as the Data Protection Review Court, it was authorized in an October 2022 executive order to fix a collision of European and American law that had been blocking the lucrative flow of consumer data between American and European companies for three years. The court’s eight judges were named last November, including former U.S. Attorney General Eric Holder. Its existence has allowed companies to resume the lucrative transatlantic data trade with the blessing of...

Congressman Tim Burchett is now exposing insider trading in Congress. Watch out Pelosi!

Donald Trump marked his return to Instagram after more than two years with posts promoting his line of NFT trading cards. The former president, who was previously suspended from Meta’s social media services following the Jan. 6 riot, celebrated his first post in 118 weeks by announcing a “SERIES 2” of his digital cards. The NFTs, which were launched as a “major announcement” in December, depict the 76-year-old as a cartoon cowboy, a sheriff, a race car driver and in other fantastical outfits. The first series of NFTs featured 45,000 cards, which sold out in a day and reportedly made...

A global scamming network has robbed ordinary investors of more than a billion dollars. First, you hear a phone ringing. An elderly man answers. The caller introduces himself as "William Grant", from the trading firm Solo Capitals. He says he has a "great promotion" to offer. The elderly man sounds vulnerable and confused. "I'm not interested, I'm not interested," he says. But William Grant is persistent. "I only have one question," he tells the old man. "Are you interested in making money?" Jan Erik, a 75-year-old pensioner in Sweden, is about to get scammed, again. The call was made from...

A couple of weeks ago, the FAA Air Traffic Control system issued a nationwide ground stop for the first time since 9/11, today the NYSE halted trading on dozens of stocks that experienced will trading ranges at market opening. Both "Computer Glitches" were attributed to technical issues and had nothing to do with computer hacking according to sources at both organizations. I don't believe in coincidences, in the matter of a couple of weeks two major US systems go offline is not something to take lightly, if another system like the major banking or financial systems go offline it will...

A bipartisan group of lawmakers is making a new push to ban members of Congress from private stock trading. It's an attempt to "demonstrate that lawmakers are focused on serving the interests of the American people -- not their own stock portfolios," Rep. Abigail Spanberger, a Virginia Democrat, said in reintroducing the measure along with Texas Republican Rep. Chip Roy. After failing to get a floor vote when last introduced in 2021, the "TRUST (Transparent Representation Upholding Service and Trust) in Congress Act," gained increasing support across the political spectrum in 2022 with 75 cosponsors, and its backers say that...

Rep. Brian Fitzpatrick, R-Penn., joined 'Fox & Friends Weekend' to discuss the report and legislation surrounding lawmaker stock trading. #FoxNews Over 1800+ held stock in Tech companies, while scrutinizing those companies 60+ Traded in companies before their department announced enforcements 200+ invested in companies lobbying their agency 400 WH and State department officials bought Chinese stocks

Insider and several other news organizations have identified 71 members of Congress who've recently failed to properly report their financial trades as mandated by the Stop Trading on Congressional Knowledge Act of 2012, also known as the STOCK Act. Congress passed the law a decade ago to combat insider trading and conflicts of interest among their own members and force lawmakers to be more transparent about their personal financial dealings. A key provision of the law mandates that lawmakers publicly - and quickly - disclose any stock trade made by themselves, a spouse, or a dependent child. But many members...

A former U.S. congressman from Indiana, technology company executives, a man training to be an FBI agent, and an investment banker were among nine people charged in insider trading, with unsealing of indictments in New York City,. It was one of the most significant attacks by law enforcement on insider trading in a decade. A prosecutor and other federal officials pledged fresh enthusiasm for similar prosecutions in the future. . Stephen Buyer was accused of insider trading during the , April 2018 merger of T-Mobile and Sprint. An indictment identified him as misappropriating secrets learned as a consultant to make...

It may come as a surprise to some but the head US trader of the same bank that spawns mARKKo Kolanovic’s weekly bullishness, is also one of the most bearish market commentators. Below is the trading desk commentary for JPM’s Elan Luger, head of US trading. The most positive thing I can say about this market is that what had been heavily debated in Q1 is now the overwhelming consensus. Everyone is a bear. China is shutdown, inflation is running wild, Russia / Ukraine continues to impact supply chains, animal spirits are dead, the fed has lost control, QT is...

Study the chart on Kinross Gold, which has about 12-20% of its gold mining operation in Eastern Russia. It seems rather odd that the stock hit $7 in December and suddenly plummeted starting December 9, 2022 all the way down to $5.04 per share for no real supposed reason by December 15, 2022. The Russians invaded the Ukraine February 24, 2022.

Walter Shaub A congressional stock trading ban is likely to pass. So some members are trying to push competing bills with a spousal loophole that they can drive a truck through. Let’s be clear: a congressional stock trading ban is worthless if it doesn’t cover spouses.

CIRCA 2007 Paul Pelosi stays in the shadows, even as the millions he has made as a successful San Francisco financier and businessman have helped fuel the political career of his wife, Nancy.......conservative Republican commentators and bloggers raise the threat of her "San Francisco values" steering Congress hard to the left are turning their sights on 66-year-old Paul Pelosi and his investments as a way of attacking the new Democratic speaker. Paul Pelosi won't be giving interviews because "he's a private person, not involved in political life,Mr. Pelosi's investments are separate from hers, and they have separate careers," saaid an...

House Speaker Nancy Pelosi (D-CA) was asked in a press conference earlier this month whether members of Congress should be allowed to trade individual stocks, despite often having access to insider information.Pelosi was all in favor of it, saying “We’re a free-market economy” and that members of Congress “should be able to participate in that.”REPORTER: "Should members of congress and their spouses be banned from trading individual stocks while serving in congress?"PELOSI: "No…We are a free market economy. They should be able to participate in that." pic.twitter.com/2SNqSCwFEU— Townhall.com (@townhallcom) December 15, 2021Turns out that within a few days of that,...

I thought US House Speaker Nancy Pelosi was going to retire, but now it looks like she wants to keep inside trading with information about regulation and government spending that investors don’t have. Today, her investments were released for the last two weeks of December. Largely, her investments were in call options for Disney, Saleforce, Roblox, Micron and Google (Alphabet). I would prefer that she retire and replace Cramer on CNBC’s Mad Money. So she could bang the gong instead of her gavel. Or call it CNBC Investing Club with Nancy Pelosi. Her defense that she should be allowed to...