The incoming United States House Financial Services Committee chair Patrick McHenry wants the Treasury to delay the implementation of a section of the Infrastructure Investment and Jobs Act that deals...
Tag: Financial
Australian regulator sues Finder Wallet for ‘unlicensed’ financial services
Australia’s financial watchdog sued Finder Wallet, a subsidiary of comparison website Finder.com, over a crypto-linked yield product. The Australian Securities and Investment Commission (ASIC) s...
UN Will Use The Stellar Blockchain to Send Financial Aid to Ukrainians
On December 15, the Stellar Development Foundation (SDF) announced its partnership with the United Nations High Commissioner for Refugees (UNHCR) to pilot a digital cash disbursement system powered by...
Here’s how Adobe did in its fourth financial quarter
Adobe Inc (NASDAQ: ADBE) is trading 6.0% up in extended hours after the cloud company reported strong results for its fiscal fourth quarter. Adobe stock up on encouraging guidance Investors are also c...
15 Years Ago, the Housing Market Crashed Under Similar Circumstances
Fifteen years ago, in the first quarter of 2007, U.S. housing prices were at an all-time high. According to the St. Louis Fed, the median price for a home was $257,400, a record. The Fed was raising i...
New OECD report takes lessons from crypto winter, faults ‘financial engineering’
The Organisation for Economic Cooperation and Development (OECD) analyzed the crypto winter in a new policy paper titled “Lessons from the crypto winter: DeFi versus CeFi,” released Dec. 14. The autho...
Next UK financial regulator calls for tougher crypto rules: FT
Ashley Alder, the UK’s next Financial Conduct Authority chair, had harsh words for crypto platforms as he addressed members of parliament, the Financial Times first reported. Speaking at a cross...
Bitcoin outperformed the financial markets in 7 out of last 10 years
Bitcoin (BTC) has long been associated with high volatility, with the digital currency making attempts to become a mainstream financial asset. Despite the volatility, the asset has recorded significan...
Financial Stability Board To Set Global Standards For Crypto
Crypto regulations have been deliberated in and out of the industry. However, recent events have raised concerns about the lack of regulation on digital assets. The U.S. Securities and Exchange Commis...
Revolutionizing the financial norm with decentralization: An interview with Akt.io
In 2017, Automata Group launched the AKT.IO project. Gael ITIER gathered a team of experts in traditional finance, blockchain, and tech in order to disrupt retail wealth management to offer users next...
Indictment against SBF unsealed, contains 8 counts of financial and elections fraud
The indictment against Sam Bankman-Fried (SBF) was unsealed Dec. 13. The indictment, signed by U.S. Attorney for the Southern District of New York Damian Williams, is 14 pages long and contains eight ...
SBF Perpetrated ‘One of the Biggest Financial Frauds in American History,’ Says US Attorney
United States agencies teamed up to deliver joint statements regarding Sam Bankman-Fried’s indictment Tuesday. The US Attorney of the Southern District of New York hosted a press conference Tues...
Boeing’s Gigantic United Airlines Order Makes It Investment-Worthy
New Order! Double cheeseburger, fries and a cola? Even better. I think. The news broke early on Tuesday morning. United Airlines (UAL) , once and again a profitable business after the past two quarter...
The Market Wants to Celebrate Slowing CPI, But the Fed Could Spoil the Party
Stocks continue to move higher as market players await the CPI report at 8.30 am ET. The S&P 500 jumped 1.4% on Monday and held above key support of over 3900. Last month the S&P 500 rose arou...
Financial Stability Board (FSB) to finalize global crypto regulations in early 2023
The world’s most prominent global financial watchdog group is preparing to impose stringent proposals for regulating the crypto industry in early 2023, along with a timeframe for implementation. FSB t...
Did Binance Help Iran Avoid Financial Sanctions?
Iran is a sanctioned country. It’s not allowed to engage in certain activities unless the United States says so. Despite all this, popular digital currency exchange Binance still enabled the country t...
Sam Bankman-Fried says he will testify before the US House Financial Services Committee remotely
Continuing his so-called apology tour, Sam Bankman-Fried appeared on a Twitter Space with Unusual Whales and told nearly 60,000 listeners that he intends to testify at the United States House of Repre...
A home energy upgrade that’s becoming a climate and financial winner
Heat pumps are becoming more popular for residential housing with energy prices increasing and the need to reduce use of fossil fuel heating systems. Andrew Aitchison | In Pictures | Getty Images Thin...
Here’s How to Take Your Stock Chart Reading to the Next Level
Chart reading is widely regarded as little more than pattern recognition. Traders look for bullish or bearish patterns, take a position, and then hope that the pattern plays out as it is supposed to. ...
UK is Reforming Financial Services, Consulting Proposal for CBDC
According to the Bloomberg report, the Bank of England will bring forward a consultation on the case for a Central Bank Digital Currency (CBDC) “in the coming weeks,” Chancellor of the Exchequer Jerem...
Free Cash Flow Is Key to Business Survival, and It’s Why I Like These 2 Stocks
I have learned many things running my own small business over the last decade and a half. One of the most critical is the importance of these three words — free cash flow — to the success ...
Here’s What to Do When Everyone Sees a Recession in 2023
It looks like 2023 should get off to a bad start. Consensus for early in the year points to recession-related weakness in earnings and this likely portends choppy equities. Mike Wilson from Morgan Sta...
3 Dividend Growth Stocks With Investor-Friendly DRIP Plans
Some companies offer the option of automatic Dividend Reinvestment Plans DRIPs to their shareholders. In other words, their shareholders can choose to receive their dividends in shares instead of cash...
US regulator seeks feedback on DeFi’s impact on financial crime: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The United States reg...
UK pushes crypto efforts forward through financial services reforms
The United Kingdom’s Chancellor of the Exchequer Jeremy Hunt laid out a number of reforms aiming to “drive growth and competitiveness” to the country’s financial services sector including efforts that...
Top economist Mohamed El-Erian says crypto is a canary in the coal mine for an era of ‘irresponsible risk taking’—and the fallout could lead to ‘financial accidents’
Crypto investors have collectively lost $2 trillion since November of last year, and the list of casualties in the ongoing Crypto Winter continues to grow. The downturn was only compounded by the coll...
SBF Willing to Testify Before US House Committee of Financial Services Next Week
The former CEO of FTX – Sam Bankman-Fried – said he is “willing” to testify before the relevant US authorities on December 13. He vowed to shed more light on the reasons behind his exchange’s collapse...
UK Includes Crypto Assets in Financial Services Reform Package
The UK government today announced a package of more than 30 reforms to financial regulation, including the extension of tax breaks for investment managers to cover crypto assets. Dubbed the “Edinburgh...
I have $600K invested, but my financial adviser has only made one trade this year, and left $7,500 in cash in my Roth IRA. Is it time to get rid of him?
Question: My financial advisor has made one trade this entire year and has left $7,500 in cash in my Roth IRA since January. I had $600,000 in assets at the start of the year. Some minimal reallocatio...
Analysis of Robinhood’s Comments at Goldman Sachs US Financial Services Conference
December 10, 2022, 5:02PM EST • 2 min read Quick Take On December 7, Robinhood presented at Goldman’s U.S. Financial Service Conference Gave updated view on digital asset operations and strategy in t...