Monthly Archives: September 2021
Pelosi says infrastructure bill will pass this week, but the vote may be delayed
(CNBC) U.S. House of Representatives Speaker Nancy Pelosi reiterated Sunday that she expects the $1 trillion bipartisan infrastructure bill to pass this week, but voting on the legislation may be pushed back from its original Monday timeline. To read this […]
Half of the Fed members now see the central bank hiking rates next year
(CNBC) Half of the Federal Reserve members now see the first interest rate hike in 2022, according to the central bank’s so-called dot plot of projections. Wednesday’s forecast showed nine of the 18 FOMC members expect a rate hike in […]
Institutional investors stay cautious on crypto, as hedge funds ride bitcoin volatility
(Hedgeweek) As hedge funds continue to ride out cryptocurrencies’ volatility, new industry research suggests larger institutional investors remain reluctant to pile into digital assets in any meaningful sense, despite the strong returns generated by managers this year. To read this […]
SEC Charges Investment Advisor with Defrauding Clients
(HedgeCo.Net) The Securities and Exchange Commission has filed a litigated action charging Michael F. Shillin, a resident of Appleton, Wisconsin, with defrauding at least 100 investment advisory clients. According to the SEC’s complaint, Shillin, while acting as an investment adviser, […]
Hedge Funds Beat Market After Boosting Short Sales During Rout
(Bloomberg) During the recent stock-market selloff, one category of investors thrived — hedge funds that make both bullish and bearish wagers on equities. While the MSCI World Index is on course for its worst monthly drop in almost a year, […]
White House prepares for potential shutdown as leaders grapple with crucial deadlines, Biden agenda
(CNBC) Democrats in Congress scrambled Thursday to beat a string of deadlines that hold massive stakes for both the health of the U.S. economy and President Joe Biden’s sweeping economic agenda. House Speaker Nancy Pelosi, D-Calif., and Senate Majority Leader […]
Evergrande stays silent on its $83 million dollar bond interest payment, leaving investors in limbo
(CNBC) Chinese property developer Evergrande has not said whether it will fulfil its interest payments on its U.S.-dollar bond – a key milestone investors have been keeping their eyes on. The interest payment due Thursday amounted to $83 million. To […]
Fed’s Powell opens door to tougher regulations as renomination decision looms
(Reuters) Even as Federal Reserve Chair Jerome Powell predictably dodged the latest question over his future as head of the central bank, his signal of openness to Democratic demands for tougher regulation of Wall Street under a new regulatory chief […]
Here’s what will happen when the Fed’s ‘tapering’ starts, and why you should care
(CNBC) The Federal Reserve will likely start to tiptoe into the unknown before the end of the year. Central bank officials indicated Wednesday that they’re ready to begin “tapering” — the process of slowly pulling back the stimulus they’ve provided […]
How decentralized finance works, and why it’s taking on Wall Street
(CNBC) What would a world without banks look like? The answer may lie in decentralized finance. Decentralized finance is an emerging ecosystem of financial applications and protocols built on blockchain technology with programmable capabilities, such as ethereum and solana. To […]
Hedge fund assets soar to record volumes as yield-hungry investors swell industry coffers
(Hedgeweek) New data published by Barclay Hedge shows total industry assets have now mushroomed to $4.4 trillion, with hedge funds raking in $18.3 billion of new inflows from allocators during July, as managers scored a $7.3 billion trading profit for […]
Federal Reserve holds interest rates steady, says tapering of bond buying coming ‘soon’
(CNBC) The Federal Reserve on Wednesday held benchmark interest rates near zero but indicated that rate hikes could be coming sooner than expected, and it significantly cut its economic outlook for this year. Along with those largely expected moves, officials […]
