Coinbase CEO says complying with SEC request would have been the 'end of the crypto industry in the US'
The Securities and Exchange Commission asked Coinbase to halt trading on all cryptocurrencies except for bitcoin before it sued the company in June, Coinbase's chief executive told the Financial Times.
2023-08-01 02:28
Middle-income Americans think prosperity is within reach
It's a strange time for mid-sized banks in the US. The collapse of three regional banks earlier this year followed by the emergency merger of PacWest and Banc of California last week has created a shakeup in the industry that's been exacerbated by the Federal Reserve's continued efforts to raise interest rates.
2023-07-31 19:52
Why is the US dollar losing its shine?
The US dollar's decline has gained speed this month as investors pare back their interest rate expectations.
2023-07-28 19:18
Wall Street suddenly appears confident America will avoid a recession
Cyclical stocks that tend to rise and fall with the economy are rallying, the latest sign that investors are becoming more optimistic about the possibility of a "soft landing," i.e. no recession.
2023-07-27 19:51
The responsible investing boom is over. Can anything replace ESG?
Environmental, social and corporate governance, or ESG, investing is on a downward spiral.
2023-07-26 19:54
British billionaire Joe Lewis indicted on insider trading charges
British billionaire and owner of the Tottenham Hotspur football club Joe Lewis was indicted on insider trading charges by the United States Attorney's Office for the Southern District of New York, the office announced Tuesday.
2023-07-26 09:54
The stock market is dominated by just a handful of companies. The Biden administration is worried
Just seven stocks -- Apple, Microsoft, Alphabet, Amazon, Nvidia, Tesla and Meta Platforms -- make up close to $11 trillion in market value and contributed about 75% of returns of the S&P 500 in the first half of 2023, according to a recent Bank of America report.
2023-07-25 19:57
How stock market expectations have changed this year
The stock market has stayed remarkably resilient this year, to the surprise of many on Wall Street. As the economy and market continue to hum along, some investors' expectations for what's to come are shifting.
2023-07-24 19:56
Markets and consumers are in an upbeat mood. Here's why
Stocks and consumer sentiment are rising in tandem after slumping last year, in another sign of growing optimism that the economy could dodge a recession.
2023-07-21 19:47
Three plead not guilty to insider trades before Trump Media deal
By Jody Godoy A Florida venture capitalist, his brother and an employee accused of insider trading before a
2023-07-21 02:28
Kim Kardashian may be the hero the IPO market needs
Dealmaking on Wall Street has dried up, and it's costing big banks a fortune. Kim Kardashian could fix that.
2023-07-20 19:19
Bank CEOs are already complaining about new regulations they haven't even seen yet
Earnings season is officially underway, which means the CEOs of America's largest banks get to update the public about the health of their firms and their economic outlooks.
2023-07-19 20:19