Pantera Capital is up 1,000x on Bitcoin, but says the rest of crypto is primed to pop
Pantera Capital is famous for its 1,000x return on Bitcoin, but PM Cosmo Jiang says now is the time to look at altcoins.
How Robinhood's Head of Crypto is preparing for a crypto rebound
As Bitcoin fluctuates, platforms focus on precision and reliability to attract and retain users.
Starbucks Stock Finishes Higher With Striking Baristas Expected to Return to Work
Shares of Starbucks finished Tuesday higher amid reports that its striking baristas would return to work.
Banks Sue Fed in Challenge to How Stress Tests Are Conducted
(Bloomberg Law) -- The Federal Reserve doesn’t allow for appropriate public input when designing bank stress tests, bank trade groups said in a lawsuit seeking to force the central bank to open the design of the tests to public comment.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayThe suit, filed Tuesday in the US District Court for the Southern District of Ohio, doesn’t seek to eliminate the annual stress testing and capital planning requirements that have
Tesla Stock Leads Magnificent Seven Shares Higher
Tesla's shares were the S&P 500's top gainers Tuesday as the Magnificent Seven big tech stocks rose on Christmas Eve.
Big banks, business groups sue US Fed over annual stress tests
(Reuters) -Major banks and business groups sued the Federal Reserve on Tuesday, alleging the U.S. central bank's annual "stress tests" of Wall Street firms violate the law. The lawsuit filed in U.S. District Court in Columbus, Ohio, claims the Fed's practice of determining how big banks perform against hypothetical economic turmoil, and assigning capital requirements accordingly, do not follow proper administrative procedure. Plaintiffs included the Bank Policy Institute, the U.S. Chamber of Commerce and the American Bank Association.
Investors Aggressively Bought Stocks, ETFs In Volatile Fed Week: Bank Of America Reveals Largest Inflows Since 2017
Despite a week of market chaos sparked by the Federal Reserve's hawkish stance, Bank of America clients leaned into risk, driving massive inflows into equities and exchange traded funds. Data released Tuesday shows that BofA clients poured nearly $10 billion into U.S. assets — the second-largest inflow on record since 2008 and the biggest since January 2017. Jill Carey Hall, a Bank of America analyst, highlighted a streak of seven consecutive weeks of inflows and said that, as in the previous fi
The Fed is weighing ‘significant changes’ to its annual stress tests for large U.S. banks to lessen the risk of large year-on-year swings
The stress test has helped banks more than double their capital levels over the past decade-plus.
US Listed Chinese Stocks Gain on Stimulus Plans to Counter US Tariff Risks
U.S.-listed Chinese stocks Alibaba Group Holding (NYSE:BABA), JD.com, Inc (NASDAQ:JD), PDD Holdings Inc (NASDAQ:PDD), Baidu, Inc (NASDAQ:BIDU), NIO Inc (NYSE:NIO), Li Auto Inc (NASDAQ:LI), XPeng Inc (NYSE:XPEV) are trading higher Tuesday amid reports indicating China’s stimulus plans to deter potential U.S. tariffs. Chinese e-commerce juggernaut Alibaba is considered the barometer for China’s tech sector. Reuters cites familiar sources as saying Chinese authorities plan to issue 3 trillion yuan
Senator-Elect Bernie Moreno's Role on Banking Committee Signals Crypto Focus
Senator-elect Bernie Moreno (R-Ohio) has been appointed to the Senate Banking Committee, a move announced by incoming Republican Senate Majority Leader John Thune.