(CNBC) In preparation for its debut on the Nasdaq next week, cryptocurrency exchange Coinbase said on Tuesday that first-quarter revenue climbed about nine-fold from last year, driven by a historic rally in the price of bitcoin. Revenue in the period […]

(CNBC) Amazon CEO Jeff Bezos on Tuesday voiced support for raising the corporate tax rate but stopped short of saying he supports President Joe Biden’s plan for the increase. “We support the Biden Administration’s focus on making bold investments in […]

(CNBC) Jamie Dimon, JPMorgan Chase chairman and CEO, listed fintech as one of the “enormous competitive threats” to banks in his annual shareholder letter released Wednesday. “Banks … are facing extensive competition from Silicon Valley, both in the form of […]

(CNBC) Federal Reserve Governor Lael Brainard said Wednesday that while the U.S. economic outlook has “brightened considerably,” it remains well away from the central bank’s goals. “Brighter outlook, but of course our monetary policy forward guidance is premised on outcomes […]

(Opalesque) U.S. law firm Seward & Kissel LLP released the findings of its first Alternative Investment Allocator Survey. They found that those who allocate alternative investment dollars for large investors are likely to increase allocations to less liquid strategies and […]

(CNBC) The night before the Archegos Capital story burst into public view late last month, the fund’s biggest prime broker quietly unloaded some of its risky positions to hedge funds, people with knowledge of the trades told CNBC. Morgan Stanley sold […]

(Marketwatch) The stock market still has room to run this year despite investors’ rising concern over inflation, according to Brent Schutte, chief investment strategist at Northwestern Mutual Wealth Management Company. “I think investors are still misunderstanding the Fed,” Schutte told […]

(Reuters) For decades New York’s bankers and fund managers have accepted the city’s high tax rates as a part of working in the world’s premier financial capital. “I’m already looking for an apartment in Florida,” said one highly paid person […]

(CNBC) Credit Suisse on Tuesday announced several high-level staff departures and proposed a cut to its dividend as it weighs heavy losses from the Archegos Capital saga. The Swiss lender now expects a first-quarter pre-tax loss of around 900 million […]

(CNBC) Goldman Sachs CEO David Solomon said Tuesday that his bank’s risk management systems performed well after the forced unwind from a highly levered fund tanked several stocks in the U.S. and China and took a multi-billion dollar bite out […]

(CNBC) Following four years of a decidedly protectionist agenda, Treasury Secretary Janet Yellen is here to tell you that things are about to change in a major way. The Cabinet official most in charge of President Joe Biden’s economic agenda […]

(CNBC) As the economy booms over the next couple of months, the Fed will have a more difficult time defending its super-easy policies. Economists expect the second quarter to grow by more than 9%, and the monthly jobs reports are […]