Category Archives: Syndicated

Goldman Sachs executive warns inflation top risk to global economy

(Reuters) Goldman Sachs’ Chief Operating Officer John Waldron said on Wednesday he believes inflation is the No.1 risk that could derail the global economy and stock markets. “Inflation is the single biggest risk out there right now both in terms […]

JPMorgan edges closer to leaving pandemic behind, its earnings show

(Reuters) JPMorgan Chase & Co beat analysts’ profit estimates on Wednesday, thanks to record revenue in some investment banking businesses and a sunnier economic outlook that allowed the largest U.S. bank to release money it had set aside for potential […]

BlackRock manages $9.5 trillion in assets. Here’s how it’s preparing for climate change

(CNBC) BlackRock is one of the world’s most influential companies in finance. At the end of the third quarter, it had $9.464 trillion in assets under management, making it the biggest asset manager in the world. That scale gives CEO […]

Wells Fargo gives bearish bond outlook, cites supply chain bottlenecks and inflation as key risks

(CNBC) Inflation, whipped up by the supply chain crisis, will push bond yields higher over the next several weeks, according to Wells Fargo Securities’ Michael Schumacher. The firm’s head of macro strategy believes the benchmark 10-year Treasury Note yield could […]

A record 4.3 million workers quit their jobs in August, led by food and retail industries

(CNBC) Workers left their jobs at a record pace in August, with bar and restaurant employees as well as retail staff quitting in droves, the Labor Department reported Tuesday. Quits hit a new series high going back to December 2000, […]

Fed’s Bullard says bond purchases should be tapered quickly in case rate hikes are needed

(CNBC)St. Louis Federal Reserve President James Bullard advocated Tuesday for the central bank to be aggressive as it starts winding down its monthly bond-buying program in case inflation becomes a larger problem. The Fed official said he thinks it’s a […]

Stock futures muted ahead of earnings and inflation report

(CNBC) U.S. stock futures were little changed in early morning trading on Wednesday as investors anticipate the start of earnings season and a new inflation report. Dow futures were up 7 points, while S&P 500 futures and Nasdaq 100 futures […]

Inflation gauge should be hot again in September and for the months ahead

(CNBC) Consumer inflation is expected to have risen in September at the same rapid pace as August, and economists say there will likely be more hot numbers to follow. Economists polled by Dow Jones expect to see a rise of […]

Bitcoin futures ETF approval likely to be delayed until 2022, market analyst says

(CNBC) Bitcoin backers may have longer to wait for an exchange-traded fund directly tied to the cryptocurrency or its futures contracts, CFRA Research’s Todd Rosenbluth told CNBC’s “ETF Edge” on Monday. To read this article:

Coinbase is launching a marketplace for NFTs

(CNBC) Coinbase is getting into NFTs.The cryptocurrency exchange said Tuesday it plans to launch a marketplace that lets users mint, collect and trade NFTs, or nonfungible tokens. Users can sign up to a waitlist for early access to the feature, […]

Bitcoin rises to the highest since May, is now up 30% in October

(CNBC) Bitcoin extended its two-week rally Monday, climbing to the highest level since early May, according to Coin Metrics. The cryptocurrency last traded more than 3% higher at $57,530.81 after hitting as high as $57,740.82. To read this article:

JPMorgan’s Dimon says supply chain hiccups will soon ease, points to extraordinary consumer demand

(CNBC) Global supply chain hiccups caused by the coronavirus have put a damper on economic growth, but the problem will be a fleeting one, JPMorgan Chase CEO Jamie Dimon said Monday. “I should never do this, but I’ll make a […]