For the month, both headline and core inflation were steady at 0.2%. This is more encouraging, but again there are pipeline price pressures still in the system. With a potential inflation surge globally possible, a very real risk, given the volatility and recent gains in some energy and food markets of late. It is also…
Read more
This lawsuit details how the defendants, which include industry knowns such as Temasek, Sequoia Capital, and Sino Global, used their influence and financial standing to help launch FTX and enable the multibillion-dollar disaster that affected countless people. It also alleges that these VCs painted a false picture of FTX, based on supposed diligent vetting. Temasek…
Read more
At the time, customers owning stocks such as AMC Entertainment, the previous Bed Bath & Beyond, and Gamestop, claim they lost money because Robinhood prohibited these stock buys as social media activities caused prices to skyrocket. Other stockholders claimed the restrictions caused price drops. Investors using online stages such as Twitter and Wall Street Bets…
Read more
Experts opine that, besides creating a profitable flow of revenue from applications associated with this initiative, Base will, in all likelihood, allow this prominent US crypto trader to stockpile fees from administering its own blockchain. When delving back into Coinbase’s history, this move seems to be a part of an overall plan. In 2016, Coinbase…
Read more
Ali will be reporting directly to Bas Kooijman, Chief Executive Officer (CEO) at DHF Capital S.A. In his new role Ali will be a key strategic partner to the firm's executive team and will play a vital role in shaping the financial direction of the asset management firm while ensuring financial stability and long-term growth.…
Read more
The country’s growing digital economy, which is expected to reach a notable $1trn by 2026, spurred this move. Research conducted by JLL, an international leader in commercial real estate and investment management, showed that the Indian data centre sector reached 637MW during the first half of 2022, with an expected growth of up to 1,318MW…
Read more
Citigroup Global Markets will handle this offer, which follows a tiered structure that rewards early engagement. This entails a premium of $645 for every $1,000, or 64.5 cents per dollar, of a bond’s value for those selling their bonds before 18 August 2023. The deal includes a special early-tender premium of $30. Don’t miss out…
Read more
In acknowledging the oversights, these firms forked out a combined $289m to pay their respective penalties as per the outline below. $125m penalty payable by Wells Fargo Securities LLC, together with Wells Fargo Clearing Services LLC and Wells Fargo Financial Network LLC. BNP Paribas Securities Corp. and SG Americas Securities LLC each paying penalties of…
Read more
Although the dollar has now recovered from a one-week low, the lack of job creation paired with wage gain and a seemingly decreased unemployment suggests that the Federal Reserve may keep interest rates higher for longer. Chief Market Analyst at KCM Trade, Tim Waterer noted that the increase in hourly earnings is a stark reminder…
Read more
The FCA licence signifies an important milestone for the company, which has been in business for approximately 10 years. It allows Edgewater Markets to expand its reach and include more clients on its platform. The company can now offer services such as liquidity provision, technology solutions, foreign exchange, commodities, and derivative products to UK clients.…
Read more