Monthly Archives: June 2021
SEC Charges Investment Adviser for Three Separate Frauds
(HedgeCo.Net) The Securities and Exchange Commission has charged Edgar M. Radjabli of Boca Raton, Florida, and two entities he controlled for engaging in three separate securities frauds of escalating size. The SEC’s complaint alleges that Radjabli, formerly a practicing dentist, […]
Anthony Scaramucci says DeFi curbs systemic risk amid bitcoin volatility,
(HedgeWeek) Decentralisation of cryptocurrencies is helping curb systemic risk amid the ongoing digital asset price volatility, Anthony Scaramucci, founder and managing partner of SkyBridge Capital, told Hedgeweek. To read this article:
Stanley Druckenmiller says the Fed’s easy money is lulling investors into a false sense of security
(CNBC) The Fed’s repeatedly said any spike in inflation will be transitory as the economy recovers from the depths the pandemic, suggesting monetary accommodation put place during the early days of Covid will remain for the foreseeable future. With the […]
‘Shocking’ inflation numbers will hurt reopening trades, economist David Rosenberg predicts
(CNBC) Economist David Rosenberg believes the bond market is getting inflation right and yields shouldn’t trade at higher levels. His reasoning: Inflation is a temporary phenomenon caused by enormous pent-up demand and supply chain issues connected to the coronavirus pandemic. […]
Bitcoin pops 10% after Musk suggests Tesla could accept the cryptocurrency again
(CNBC) Bitcoin’s price surged Sunday evening stateside after Tesla CEO Elon Musk said the electric vehicle maker could accept bitcoin transactions again in future. As of 11:09 p.m. ET Sunday, Bitcoin surged 10.2% to $38,903.23, according to data from Coindesk. […]
Global investable assets reach record $250tn in 2020, despite COVID-19
(Opalesque) According to a report by Boston Consulting Group (BCG), despite the pandemic’s enduring financial impact, global prosperity and wealth grew significantly throughout the crisis and are likely to continue to expand significantly over the next five years, in line […]
State Street launches digital unit to capitalize on crypto craze
(Opalesque) State Street Corporation is establishing a new division focused on digital finance to include services for crypto, central bank digital currency, blockchain, and tokenization. To read this article:
Fraudster Sentenced to More Than Five Years in Criminal Case
(HedgeCo.Net) Edward E. Matthes, who was charged by the SEC in January 2020 with defrauding his mostly elderly retail brokerage customers and investment advisory clients, has been sentenced in a parallel criminal case to 63 months in prison and ordered […]
Inflation is hotter than expected, but it looks temporary and likely won’t affect Fed policy yet
(CNBC) Consumer prices jumped more than expected in May, but the surge in inflation looks to be temporary and should not push the Federal Reserve to tighten policy for now. The consumer price index rose 5% in May on a […]
Meme stocks hit a wall on Thursday with GameStop, AMC and Clover down big
(CNBC) The meme stock mania created by the day trading Reddit crowd fizzled a bit on Thursday. It’s easy come, easy go for many speculative names favored by retail investors including AMC Entertainment and GameStop as they suffered double-digit losses on […]
BlackRock outlines investment push into private markets
(Reuters) BlackRock Inc (BLK.N), the world’s largest asset manager, is pushing more aggressively into private market investments, the firm detailed at an investor presentation on Thursday. Since interest rates were slashed to near-zero across the globe at the start of […]
Fed balance sheet tops $8 trillion for first time
(Reuters) The Federal Reserve’s balance sheet topped $8 trillion for the first time, weekly data published on Thursday by the U.S. central bank on its holdings showed. At $8 trillion, the Fed’s stash of assets has roughly doubled since it […]