Search Results for: FED
Goldman Sachs under FBI, U.S. DOJ scrutiny over 1MDB probe
October 14th, 2015
The Federal Bureau of Investigation and the U.S. Department of Justice are examining Goldman Sachs Group Inc’s role in allegations of corruption and money laundering at Malaysian state investor 1Malaysia Development Bhd (1MDB), the Wall Street Journal reported on ...
Are You Ready to Buy Stocks at Your Grocery Store?
October 14th, 2015
Kmart, Office Depot, Safeway and other retailers roll out gift cards that give recipients shares in top companies Now selling at the checkout counter: breath mints, hand sanitizer and…$25 of Berkshire Hathaway stock? In a new twist on the bustling gift-card ...
Asian shares extend losses after China prices cool
October 14th, 2015
Asian shares tottered on Wednesday, extending losses after consumer inflation in China eased more than expected and heightened concerns about deflationary pressures in the world’s second-largest economy. China’s consumer price index (CPI) rose 1.6 percent in September from a ...
SEC charged Trading Company With failing to maintain Policies to prevent misuse of Material Nonpublic Information
October 13th, 2015
The Securities and Exchange Commission today charged Wolverine Trading LLC and Wolverine Asset Management LLC with failing to maintain and enforce policies and procedures to prevent the misuse of material nonpublic information. The Chicago-based affiliates will pay more than ...
Talk Is Cheap for Euro as QE’s Diminishing Returns Thwart Draghi
October 13th, 2015
ECB chief reiterates willingness to ease, yet currency gains Debatable whether more stimulus can weaken euro: Investec Traders are losing their faith in Mario Draghi’s ability to weaken the euro. The European Central Bank president has reiterated at least four ...
Citi dials down risky block trading amid market turmoil
October 13th, 2015
Over the summer, as the U.S. stock market wobbled and then plunged 4 percent in a day, Citigroup made a tough choice: to dial down risk-taking in the bank’s capital markets group. Phil Drury and Doug Adams, then co-heads ...
Oil Prices Tumble as OPEC Production Grows
October 13th, 2015
OPEC reports that its output rose to a more-than-three-year-high in September Oil prices dropped Monday after the Organization of the Petroleum Exporting Countries reported that its output rose to a more-than-three-year high last month. OPEC said in a monthly ...
Gold hits 7-week high as traders bet on U.S. rate hike delay
October 12th, 2015
Gold reaches highest since August at $1,166.60/oz Dollar near 3-week low after Fed minutes Hedge fund, money managers lift bullish bets to 4-mth high Gold rose to 7-week highs on Monday as expectations that the Federal Reserve will postpone ...
What will Happen to Bitcoin when the Economy goes Bust?
October 12th, 2015
Many people interested in Bitcoin have a less than optimistic view about the health of the global economy. This skepticism — in some cases pessimism — is fueled by a controversial business cycle theory that is fairly popular in ...
Russian companies are preparing to withdraw from London Stock Market
October 12th, 2015
Eurasia Drilling, Uralkali, Polyus mull value of foreign stock More may seek to delist as share values slide: BCS’s Chuyko Russian expansionism is going into reverse, at least on the London stock market. Three of Russia’s major commodity-related companies ...
