Crypto mania is far from over. According to a recent survey, the number of Americans buying crypto will nearly double within a year.
The head of Japan's financial watchdog said he was disappointed by the global fallout from the collapse of investment fund Archegos Capital Management despite past regulatory reforms. "Although the problem didn't result in the collapse of financial system, it's very disappointing such a major incident happened," Ryozo Himino, Financial Services Agency (FSA) Commissioner, said in an online speech. Global banks including Credit Suisse and Nomura Holdings Inc reported losses from Archegos, taking the total hit beyond $10 billion.
SAN SALVADOR (Reuters) -The head of the Central American Bank for Economic Integration (CABEI) said on Monday the bank will give El Salvador technical assistance to implement bitcoin as legal tender, even though it still issues debt only in dollars. El Salvador last week became the first country to pass a law making the cryptocurrency legal tender, sparking praise for the bold move in the small economy as well as concern over its discussions for a deal with the International Monetary Fund. CABEI's executive president, Dante Mossi, said the move would offer Salvadorans many opportunities, including lowering the cost for relatives abroad to send remittances.
(Bloomberg) -- Global bond investors are on the prowl for emerging markets that are ahead of the game on inflation.TS Lombard recommends funds buy local debt from Brazil, where a third interest-rate hike is expected when officials meet Wednesday. PineBridge Investments praised inflation tough talk from Bank of Russia Governor Elvira Nabiullina and predicted gains for the nation’s longer-maturity bonds.Central bankers in the developing world are treading a fine line managing price pressures in pl
Mandatory Credit: Photo by STEPHANIE LECOCQ/POOL/EPA-EFE/Shutterstock (12072947bw) US President Joe Biden meets with NATO Secretary General Jens Stoltenberg (not pictured) during a NATO summit at the North Atlantic Treaty Organization (NATO) headquarters in Brussels, Belgium, 14 June 2021. The 30-nation alliance hopes to reaffirm its unity and discuss increasingly tense relations with China and Russia, as the organization pulls its troops out after 18 years in Afghanistan. NATO Summit in Brussel
EV Aircraft company Vertical Aerospace announced last week that they would go public via a SPAC merger.
Shares of movie chain were aloft to start another week, with the company's stock headed sharply higher amid a social-media campaign to push it toward $60 a share.
Banking giant JPMorgan is sitting on a near half-trillion-dollar stockpile of cash, waiting to invest in higher rates in the coming months, instead of buying Treasurys or other securities, Chief Executive Jamie Dimon said Monday at a virtual banking conference.
NEW YORK (Reuters) -JPMorgan Chase & Co Chief Executive Jamie Dimon said on Monday the bank is holding around $500 billion in cash, putting it in a position to benefit from higher interest rates. "We've actually been effectively stockpiling more and more cash, waiting for opportunities to invest at higher rates," Dimon said during a virtual conference held by Morgan Stanley. "So our balance sheet is positioned (to) benefit from rising rates."
In a hugely important decision, on Saturday a federal district judge in Texas upheld a hospital’s right to require its employees to receive Covid-19 vaccines, and rejected claims that it violated federal law or coerced employees. The judge’s decision explicitly rejected the plaintiffs’ claims that Houston Methodist Hospital is engaged in Nazi-style medical experimentation by requiring its employees to vaccinate to protect staff and patients from Covid-19. It should give employers—especially those dealing with vulnerable populations, like hospitals, prisons, schools, nursing homes, and daycares—courage to require their employees to get the safe, effective Covid-19 vaccines.
If you recently started receiving Social Security benefits, here are three reasons you may be getting less than you expected.
Below is a new list using the same criteria we used to pull this list of heavily shorted stocks during the Reddit/Robinhood mania in late January. The biggest short squeeze in the Russell 3000 appears to be Virgin Galactic Holdings Inc. (SPCE) which more than doubled in four weeks and was 27.82% sold short on June 11.
‘The pandemic sent my life back to the 1950s, as I had to cook, provide tech support and homeschool our child.'
Senseonics is flying as high short interest and a huge surge in social media mentions fuels another “Memic Monday.”
Goldman Sachs analyst Michael Lapides says energy- infrastructure stocks can gain as oil prices stay strong and companies are able to transport more fuel.
(Bloomberg) -- A pandemic-fueled revival in sales of Gibson guitars may help produce a windfall for KKR & Co., controlling owner of the iconic brand favored by music legends from Eric Clapton to Joan Jett.Gibson Brands Inc. is marketing a $250 million first-lien term loan that will be used to fund dividend payments and add cash to its balance sheet, according to people familiar with the matter. KKR took control of the guitar maker during its 2018 bankruptcy process as one of Gibson’s biggest len
The IRS unveiled the tool Monday for people who made too little to file a tax return.
The Indian rupee depreciated against the U.S. dollar for the fifth straight day on Monday as rising oil prices weighed on the currency despite strength in domestic equity markets.
Nvidia has been ripping higher over the past month, easily running to new all-time highs. How far can it go from here?
Pent-up demand, pandemic savings, back-to-office mandates -- experts say it will all add up to a historic wave of people leaving their jobs.
(Bloomberg) -- Members of the Walton family have sold 16.7 million shares of Walmart Inc. this year as they try to keep their stake in the world’s biggest retailer from ballooning amid the company’s stock buybacks.The Walton Family Holdings Trust sold $430 million worth over the past week, taking their total sales to almost $2.1 billion since Jan. 1, according to Securities and Exchange Commission filings. The notifications were filed on behalf of second-generation family members Alice, Rob and