Monthly Archives: September 2021
Coinbase dives deeper into banking by letting users deposit paychecks into their accounts
(CNBC) Cryptocurrency exchange Coinbase is going deeper into traditional financial services, allowing users to deposit paychecks directly into their online accounts. Coinbase said Monday that its U.S. customers will be able to use the direct deposit service for any percentage […]
SEC Charges Two Companies and Their Principals with Misleading Investors
(HedgeCo.Net) The Securities and Exchange Commission today charged Thomas Powell and Stefan Toth, and their entities, Resolute Capital Partners LTD LLC and Homebound Resources LLC, with making material misrepresentations and omissions in connection with more than a dozen unregistered oil […]
Evergrande stocks in Hong Kong slide as investors monitor situation; Asia shares rise
(CNBC) Shares in Asia-Pacific were mixed in Monday trade, with investors monitoring stocks related to embattled developer China Evergrande Group. Mainland Chinese stocks were lower by the afternoon, leading losses regionally, with the Shanghai composite 1.3% lower while the Shenzhen […]
Dow futures jump more than 100 points after market ends wild week in the green
(CNBC) Stock futures climbed in early morning trading on Monday as investors braced for the last week of a volatile September. Futures on the Dow Jones Industrial Average rose 145 points. S&P 500 futures and Nasdaq 100 futures both traded […]
Stocks face another turbulent week as the third quarter winds down
(CNBC) After recent turbulence, markets are likely to close out the final week of the third quarter with another bout of volatility. Stocks posted big moves in the past week. First, fears of financial contagion coming from Chinese developer Evergrande […]
Pelosi says infrastructure bill will pass this week, but the vote may be delayed
(CNBC) U.S. House of Representatives Speaker Nancy Pelosi reiterated Sunday that she expects the $1 trillion bipartisan infrastructure bill to pass this week, but voting on the legislation may be pushed back from its original Monday timeline. To read this […]
Half of the Fed members now see the central bank hiking rates next year
(CNBC) Half of the Federal Reserve members now see the first interest rate hike in 2022, according to the central bank’s so-called dot plot of projections. Wednesday’s forecast showed nine of the 18 FOMC members expect a rate hike in […]
Institutional investors stay cautious on crypto, as hedge funds ride bitcoin volatility
(Hedgeweek) As hedge funds continue to ride out cryptocurrencies’ volatility, new industry research suggests larger institutional investors remain reluctant to pile into digital assets in any meaningful sense, despite the strong returns generated by managers this year. To read this […]
SEC Charges Investment Advisor with Defrauding Clients
(HedgeCo.Net) The Securities and Exchange Commission has filed a litigated action charging Michael F. Shillin, a resident of Appleton, Wisconsin, with defrauding at least 100 investment advisory clients. According to the SEC’s complaint, Shillin, while acting as an investment adviser, […]
Hedge Funds Beat Market After Boosting Short Sales During Rout
(Bloomberg) During the recent stock-market selloff, one category of investors thrived — hedge funds that make both bullish and bearish wagers on equities. While the MSCI World Index is on course for its worst monthly drop in almost a year, […]
White House prepares for potential shutdown as leaders grapple with crucial deadlines, Biden agenda
(CNBC) Democrats in Congress scrambled Thursday to beat a string of deadlines that hold massive stakes for both the health of the U.S. economy and President Joe Biden’s sweeping economic agenda. House Speaker Nancy Pelosi, D-Calif., and Senate Majority Leader […]
Evergrande stays silent on its $83 million dollar bond interest payment, leaving investors in limbo
(CNBC) Chinese property developer Evergrande has not said whether it will fulfil its interest payments on its U.S.-dollar bond – a key milestone investors have been keeping their eyes on. The interest payment due Thursday amounted to $83 million. To […]