Bireme Capital April 2025 Investor Letter
Fundamental Value suffered a distressing -16.5% fall in 2024, while the S&P returned a stellar 24.9%. Through April 4th, FV has managed to claw back a chunk of that lost relative performance
Money & Business
Student loan delinquencies surge, sending credit scores plunging for borrowers
A new report from the New York Federal Reserve found that while
Products such as Credit Karma and NerdWallet benefit consumers, do not harm them: report
As technology has advanced, various tools have been created to help people
Student loan borrowers in default begin facing debt collections
Millions of student loan borrowers in default will start receiving notices on
Here’s why the average US credit score is falling
The average U.S. credit score slipped nationwide, largely due to the resumption
Married Americans with student loans with income-driven plans may get a break: report
Married student loan borrowers on income-driven repayment (IDRs) appeared to no longer
Judge tosses Biden-era credit card late fee rule: What to know
A federal judge threw out a U.S. Consumer Financial Protection Bureau (CFPB)
Credit card rewards are about to vanish, and guess who’s to blame?
With summer vacations just around the corner, millions of Americans are getting ready
United increases airport lounge fees to counter overcrowding
United Airlines announced Monday that it’s increasing the fees on its rewards
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US Navy ship shoots down 14 drones launched from Yemen
A US Navy ship shot down 14 drones launched from “Houthi-controlled areas” of Yemen, US Central Command said Saturday. The unmanned aircraft systems “were assessed to be one-way
Stock market will struggle to rise by more than 2% by mid-2024, says Stifel’s Bannister
The S&P 500 index will probably struggle to rise much above 4,650 into mid-2024, as megacap growth stocks stand to lose ground to “cyclical
Utilities Up as Treasury Yields Slip — Utilities Roundup
Shares of power producers ticked up as long-term Treasury yields slipped. Electric vehicle charging provider ChargePoint Holdings plunged and said it would replace top
Senate passes bill to avert government shutdown, sending it to Biden to get signed into law
The Democratic-run Senate has approved a short-term funding measure that prevents a partial government shutdown from hitting this weekend, with the vote coming after
Opinion: Remote workers are flexing their muscle, and the best-run companies won’t fight them
When COVID-19 struck, companies had little choice but to adapt swiftly. Office spaces were replaced by living rooms and in-person meetings transitioned to virtual
Eurozone banks face cybersecurity crisis with soaring tech losses
The European Central Bank (ECB) has cast a spotlight on a significant cybersecurity crisis within eurozone banks, revealing a staggering 360% surge in losses
Most Americans will limit holiday spending to $1000: survey
The amount of money Americans plan to allocate for the holidays this year is on track to surpass pre-pandemic levels for the first time.
Supreme Court rejects appeal bid by Trump clemency recipient Philip Esformes
The Supreme Court has refused to hear an appeal from Florida nursing home owner Philip Esformes, whose 20-year prison sentence for a $1.3 billion
DocuSign shares spike on report company is exploring a sale
DocuSign shares rose as much as 15% and closed up 12% on Friday after the Wall Street Journal reported the e-signature software company tapped
Consumer bureau orders debt collection agency to shut down for illegal practices
The Consumer Financial Protection Bureau on Friday ordered Commonwealth Financial Systems, a debt collection agency specializing in medical debt, to shut down as a
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