Tag: $4.5

16 JUL

The Fed’s plan to shrink its $4.5 trillion balance sheet leaves open 2 crucial issues

REUTERS/Joshua Roberts Federal Reserve officials are pretty proud of their plan to reduce their balance sheet following a sharp expansion during and after the Great Recession.  Policymakers are especially excited they were able to announce the plan’s contours without having markets totally freak out, like they did in 2013 when then-Chairman Ben Bernanke gave the first […]

15 JUN

Here’s the Fed’s plan to unwind its massive $4.5 trillion balance sheet

AP During the financial crisis, the Federal Reserve built up a store of roughly $ 4.5 trillion in Treasurys and other assets, like mortgage backed securities, on its balance sheet. Since then, when these assets have come due the Fed has turned around and reinvested the principal back into new assets, maintaining the size of its balance […]

01 MAR

Snap’s CEO is set to make $4.5 billion — Here’s who else will get rich from the Snap IPO

AP Snap’s hotly-anticipated IPO is going to make a lot of money for its founders, investors and early employees.  The company just priced its IPO at $ 17 a share, awarding the company a $ 24 billion valuation. According to its S-1 filings, Snap’s co-founders Evan Spiegel and Bobby Murphy own the most shares.  Benchmark […]

28 JAN

Carbon Tax: Lamborghini Sesto Elemento Listed for $4.5 Million on Craigslist

– Before hybrid powertrains invaded the segment, the traditional supercar formula was high horsepower plus low weight equal fast lap times multiplied by evil laughs of joy. A couple of the best to maintain that basic equation are the Pagani Huayra BC, which weighs a claimed 2685 pounds, and the Hennessey Venom GT, which weighs […]