(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 […]

(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 […]

(Reuters) Even as Federal Reserve Chair Jerome Powell predictably dodged the latest question over his future as head of the central bank, his signal of openness to Democratic demands for tougher regulation of Wall Street under a new regulatory chief […]

(CNBC) The Federal Reserve will likely start to tiptoe into the unknown before the end of the year. Central bank officials indicated Wednesday that they’re ready to begin “tapering” — the process of slowly pulling back the stimulus they’ve provided […]

(CNBC) What would a world without banks look like? The answer may lie in decentralized finance. Decentralized finance is an emerging ecosystem of financial applications and protocols built on blockchain technology with programmable capabilities, such as ethereum and solana. To […]

(Hedgeweek) New data published by Barclay Hedge shows total industry assets have now mushroomed to $4.4 trillion, with hedge funds raking in $18.3 billion of new inflows from allocators during July, as managers scored a $7.3 billion trading profit for […]

(CNBC) The Federal Reserve on Wednesday held benchmark interest rates near zero but indicated that rate hikes could be coming sooner than expected, and it significantly cut its economic outlook for this year. Along with those largely expected moves, officials […]

(Reuters) Federal Reserve Chair Jerome Powell said on Wednesday that the Fed is closely monitoring efforts by Wells Fargo & Co to fix its problems, and that it would take appropriate actions if the bank failed to do so. In […]

(Reuters) Private equity firm Veritas Capital and hedge fund Elliott Investment Management are exploring options for Athenahealth Inc, including a sale or initial public offering. Veritas and Elliott are aiming for the health information technology company to be valued at […]

(Opalesque) SS&C Technologies Holdings announced that the SS&C GlobeOp Forward Redemption Indicator for September 2021 measured 2.45%, up from 2.24% in August. “SS&C GlobeOp’s Forward Redemption Indicator for September 2021 was a very favorable 2.45%, reflecting lower redemption notices compared […]

(Reuters) Fund giant BlackRock and investment banks HSBC and UBS were among the largest buyers of the debt of embattled Chinese real estate developer Evergrande Inc, Morningstar data shows. BlackRock added 31.3 million notes of Evergrande’s debt between January and […]

(Reuters) -Bank of America cut its China growth forecast on Tuesday in response to intensifying troubles at property giant Evergrande, a fresh COVID outbreak and a widespread regulatory squeeze, going beyond warnings issued by other investment banks. To read this […]