Legislative Finance Committee releases $9B budget recommendation – KOB 4

SANTA FE, N.M. — The Legislative Finance Committee released its $9.44 billion budget recommendation Thursday. “I’ve been in the Legislature for 15 years, and we’ve never had an opportunity like this,” said Sen. George Munoz, vice chair of the LFC. Committee leaders have decided on some high priorities within the plan. “We want to make … Read more

J&J Talc Claimants Blast Request for Litigation Finance Details – Bloomberg Law

By Alex WolfA group representing asbestos exposure claimants is resisting a bankrupt Johnson & Johnson unit’s attempts to get more information about their litigation funding, alleging the health care giant is trying to raise doubts about who’s actually steering the plaintiffs’ agenda.LTL Management LLC, a unit created by J&J to house its liabilities from talc … Read more

Jamie Dimon: 'Retirees, grandmothers, lower-income folks' have been hurt by crypto – Yahoo Finance

JPMorgan (JPM) Chief Executive Jamie Dimon minces no words when it comes to his views on cryptocurrencies.The Wall Street boss, who in September famously called the digital tokens “decentralized Ponzi schemes” at a regulatory hearing, again reiterated his criticism of crypto assets during an interview with Fox Business Network.“I called it a decentralized Ponzi scheme … Read more

How Is The Consumer Price Index Impacting the Stock Market and What Does It Mean for Your Investments? – Yahoo Finance

If you are looking to “buy low” and diversify your investment portfolio while stocks are down, time may be running out. The Dow Jones Industrial Average rose Jan. 11, with Wall Street investors showing optimism for the upcoming consumer price index (CPI) report from the Federal Reserve.See: Investing 2023: Put $12,000 to the Best Possible … Read more

Analysis-U.S. credit lures investors but recession risk could mean wild 2023 – Yahoo Finance

By Davide Barbuscia, Carolina Mandl and Shankar RamakrishnanNEW YORK (Reuters) – Investors are increasing their exposure to U.S. corporate bonds as they take advantage of a surge in supply, but some say conflicting opinions about the economy are creating both long and short trading opportunities.The belief that the Federal Reserve may be nearing the end … Read more