Search Results for: Dollar
Can You Imagine The Fed Raising Rates In This World? Bank Bail-In Edition
October 5th, 2016
I know it’s bad form to express sympathy for the people running the world’s central banks. But come on, they’re human beings in an impossible spot with no idea how to escape. The pain they feel is both intense ...
Cashless Society Gets Closer: Now You Can Make Payments Using Apple’s Messages
October 5th, 2016
Users of Apple’s iPhone can now send each other money, direct from the Message app, thanks to a service called Circle. Money can be sent in euros, dollars, pounds, or—of course—bitcoin, and comes straight from your bank account, without ...
CME Group Reached Average Daily Volume of 15 Million Contracts per Day in September 2016
October 5th, 2016
CME Group, the world’s leading and most diverse derivatives marketplace, today announced that September 2016 average daily volume (ADV) reached 15 million contracts per day, up 6 percent from September 2015. CME Group September 2016 options volume averaged 2.9 million contracts per day, up 9 ...
It’s Not Just Deutsche Bank. The Entire Financial Sector Is Sick
October 3rd, 2016
These are great times for financial assets — and by implication for finance companies that make and sell them, right? Alas, no. Just the opposite. Each part of the FIRE (finance, insurance, real estate) economy is imploding as “modern” ...
CFTC charged Schooloftrade.Com and its owners for fraud
October 3rd, 2016
The U.S. Commodity Futures Trading Commission (CFTC) filed a civil anti-fraud enforcement action in the U.S. District Court for the Central District of California charging Defendants Joseph Dufresne (a/k/a Joseph James) and Megan Renkow (a/k/a Megan James), both of Palos Verdes Estates, California, ...
Is Forex Trading Gambling? The Short Answer Is No
October 3rd, 2016
To the uninitiated, there appears to be little difference between forex trading and gambling. The same can be said of any form of financial trading. There are many layers to the question, is forex trading the same as ...
Gold slips on tapering safe-haven demand as Deutsche Bank worries ease
October 3rd, 2016
Gold edged lower on Monday on a firmer dollar and a gain in equities, with the yellow metal losing its safe-haven appeal as concerns about Deutsche Bank’s health eased. Spot gold dropped 0.1 percent to $1,314.50 an ounce by ...
Asian Stocks Rebound as Deutsche Bank Concern Ebbs; Pound Drops
October 3rd, 2016
German lender’s U.S. fine reported to be less than feared U.K.’s May says Brexit process to start by end of March Asian stocks rose and regional bonds fell as concern about Deutsche Bank AG’s finances eased after the lender ...
America is on a slippery slope
September 30th, 2016
It hadn’t happened before, at least not since US presidents started visiting foreign countries after the Second World War. In early September, when President Obama landed at Hangzhoi for the G-20 summit in early September, the CIA security men ...
Fintech Upstart LendUp Fined by CFPB, California Regulator
September 29th, 2016
Fintech upstart LendUp was fined by the Consumer Financial Protection Bureau and a California state regulator over widespread violations of payday- and installment-lending laws. The San Francisco-based lender, which specializes in small-dollar loans to risky borrowers, agreed to pay ...
