Month: August 2022

Debate continues over whether the US is in recession, but Goldman Sachs’ top energy analyst says one key indicator is showing no warning signs: commodity markets. Jeff Currie, the firm’s global head of commodities research, said demand for commodities remains strong, suggesting the US is not in recession. “If you look at global demand for commodities (oil and metals combined), the recession was in April and May when China went through severe lockdowns,” he said on CNBC’s “Squawk Box” on Monday. “The big demand picture: It’s still growing.” Currie noted that while there is a slowdown, demand is not contracting….

INDIANAPOLIS–(BUSINESS THREAD)–Today, Tangoe, Inc., the leading technology asset and expense management solution for more than 20 years, announces the appointment of Joel Jeselsohn as Chief Financial Officer. As Tangoe’s Head of Finance and Operations, Joel will report directly to James Parker, CEO of Tangoe, Inc. Prior to joining Tangoe, Joel was CFO at Reylar. He brings to Tangoe more than 20 years of experience in finance for growing technology companies, driving strong and sustained contributions to revenue, profitability and efficiency. His knowledge and experience in SaaS and his partnership with senior management to transform visions into opportunities will be a…

If banks are going to cut jobs in their investment banking divisions, they will do so after September 5, or Labor Day in America. As veteran banker Ken Moelis put it: talking to investors after the announcement of the results of Moelis & Co. last week, the boutique investment banking firm he heads that takes his name. “I have worked in big banks. The word gets out right around Labor Day to look at your count in a bad year,” Moelis said.It’s just how the cycle works… They focus on the bonus pool somewhere in September.” If the banks want…

TALLAHASSEE – Florida’s aerospace agency wants to expand its role from helping companies fund rocket and satellite projects to getting money more directly into the hands of companies looking to move growing technology to the launch pad . Space Florida President and CEO Frank DiBello told the agency’s board last week that a goal over the next few years is to allow Space Florida to move from organizing financial incentives and opportunities to working with a variety of more complex of relationships involving banks and pension funds. and the insurance industry and engage in capital and debt structures. “We can…

Investment firms offering “high-risk” products, including peer-to-peer lending platforms, will need their clients to invest an extra £135 to break even after new rules are introduced. The Financial Conduct Authority (FCA), which today unveiled its crackdown on the marketing of high-risk products, estimates that 142,000 consumers will buy high-risk investments, excluding cryptoassets, for the first time or increase their holdings in these, every year. As such, it has calculated that each of these consumers will need to ‘save’ an extra £135 on average for the industry to break even. “Although the per person savings required to break even is now…

Read more: The Fed raises interest rates again: the backlash is coming The mortgage giant’s net worth rose from $31.7 billion in the first quarter to $34.1 billion in the second quarter. Its total mortgage portfolio stood at $3.3 trillion. Continued mortgage portfolio growth and higher underwriting fees helped keep net interest income flat at $4.8 billion. However, non-interest income fell by $1.1 billion, leading to an 8% year-over-year drop in net income ($5.4 billion). The GSE reported net income of $2.2 billion in its single-family business and $0.3 billion in its multifamily business. New business activity at single-family Freddie…