Economics And Finance
Debt-Market Slowdown Troubles Investors (#GotBitcoin?)
Recent turbulence in the corporate-bond market is attributed to Fed’s tightening monetary policy and weaker appetite for debt. Signs of stress are mounting in the corporate-bond market, where rising interest rates and lackluster demand for new debt have investors questioning whether a long run of favorable borrowing conditions for U.S.…
Finra Arbitrators Let Thousands of Brokers Purge Infraction Records (#GotBitcoin?)
Brokers with scrubbed records are more likely to generate complaints, two academics found. Thousands of brokers have scrubbed their records clean of complaints by customers and employers, allowing them to hide information from potential investors, according to a new study. These brokers were more likely than other ones to receive…
US Witnesses The De-dollarization of The Global Economy (#GotBitcoin)
Russia Demotes Dollar’s Role at Home, Taking a Swipe at U.S.. US Witnesses The De-dollarization of The Global Economy (#GotBitcoin) [embed]https://www.youtube.com/watch?v=6pny8GVpe1Y&list=PLU1KxUVqGmaPTm5pKavmeoWGdkgLg8cvL[/embed] To ease sanctions pressure, Moscow promotes use of ruble and other currencies in trade deals. Russia is trying to wean itself off the greenback as its economy buckles under…
Federal Reserve To Begin Publishing Financial Instability Report (#GotBitcoin)
New report will come out semiannually beginning Nov. 28. Federal Reserve To Begin Publishing Financial Instability Report (#GotBitcoin) New report will come out semiannually beginning Nov. 28. The Federal Reserve said Friday it plans to start publishing a periodic report on the instability of the U.S. financial system, a bid…
WSJCoin: The Cryptocurrency That Never Was (#GotBitcoin?)
The Wall Street Journal embarked on a mission to create its own virtual token, but encountered hurdles along the way. Earlier this year they had a brilliant idea—OK, maybe just an idea. They cornered a pack of Wall Street Journal editors in a room and pitched an editorial project that…
Dow Falls 600 Points As Tech Rout Hits Stocks (#GotBitcoin?)
Decline erases a rally in energy shares, which had bounced higher with oil prices; Dow industrials fall 600 points. The Dow Jones Industrial Average tumbled about 600 points Monday as anxiety over the health of technology behemoths sparked a broad retreat from the stock market. Monday’s selling began in the…
Banks In Support of Iran’s National Sanctions-Busting Cryptocurrency (#GotBitcoin)
The Islamic Republic of Iran is making great strides towards adopting a national Central Bank Digital Currency (CBDC) to strengthen its internal and external trade. Banks In Support of Iran’s National Sanctions-Busting Cryptocurrency (#GotBitcoin) In fact, as announced by the Iranian news portal Ibena, Seyyed Aboutaleb Najafi, the CEO of…
US On A Course To Spend More On Debt Than Defense (#GotBitcoin?)
Rising interest costs could crowd out other government spending priorities and rattle markets. US On A Course To Spend More On Debt Than Defense (#GotBitcoin?) In the past decade, U.S. debt held by the public has risen to $15.9 trillion from $5.1 trillion, but financing all of that debt hasn’t…
BlackRock Offices Raided in German Tax Probe (#GotBitcoin)
Investigation into historical trades has already embroiled several other firms and banks. BlackRock Offices Raided in German Tax Probe (#GotBitcoin) German prosecutors searched the Munich offices of BlackRock Inc. drawing the world’s largest asset manager into a long running criminal tax-fraud investigation that has already embroiled several other financial firms.…
Fed To Further Overhaul Stress-Testing Regime, Making It Easier For Banks To Pass (#Gotbitcoin)
Regulator aims to make test scenarios more consistent from year to year, Quarles says. Fed To Further Overhaul Stress-Testing Regime, Making It Easier For Banks To Pass (#Gotbitcoin) The Federal Reserve plans to broaden its proposal to ease stress tests for the nation’s largest banks with changes that could reduce…
Wall Street Fines Rose in 2018, Boosted By Foreign Bribery Cases (#GotBitcoin?)
The Securities and Exchange Commission levied nearly $4 billion in fines related to almost 500 enforcement actions. Wall Street Fines Rose in 2018, Boosted By Foreign Bribery Cases Wall Street’s main regulator levied nearly $4 billion in fines related to almost 500 enforcement actions, rebounding from a year earlier when its…
Three Steps To Take If You’re Behind In Retirement Savings (#GotBitcoin?)
Too many savers are “chasing” their retirement dreams in the wrong way. A recent Allianz Life study found that nearly half of individuals between the ages of 45 and 65 surveyed consider themselves to be retirement chasers. These are defined as people who are saving for retirement--but have either fallen…