Search Results for: US Dollar
Ex-JPMorgan vice president guilty on 9 counts of insider trading
August 18th, 2016
Ex-JPMorgan Chase V.P. guilty on 9 counts of insider trading in father’s $1M windfall Sean Stewart, a former investment vice president at JPMorgan Chase, helped his father and others make more than $1 million in illegal trades from 2011 ...
European stocks choppy as investors await Fed minutes
August 17th, 2016
European stocks were lower on Wednesday after initially opening higher, as investors remain cautious ahead of the closely-watched release of the U.S. Federal Reserve’s latest minutes. The pan-European STOXX 600 was down 0.5 percent, with all sectors in the red, with ...
China’s Demand for Gold and its Implications for Fiat Currency
August 17th, 2016
While financial market turmoil has led a number of countries to stock up on gold, China stands out from the rest due to the sheer quantity of gold it has purchased over the last couple of years. In 2015 ...
How Long Can this Gold Rally Last?
August 16th, 2016
While gold prices are poised to climb to a 29-month high there are growing reasons to be cautious The Rio Olympics isn’t the only event that’s put gold on the map, but the reality is that the yellow metal ...
Even Hedge Funds Can’t Understand Today’s Manipulated Markets
August 16th, 2016
One of the big surprises of the past few years is the number of brand-name hedge funds reporting terrible results. Their customers are not amused: Hedge Funds Are Losing Endowments After Exodus of Pensions (Bloomberg) – ...
Bitcoin trading booms, lures currency traders
August 16th, 2016
Bitcoin trading volume is soaring in Japan as wild price movements spur an increasing number of currency speculators to shift into the digital-money market. Japan’s leading bitcoin exchange operator said Monday that it surpassed 200,000 customers this month, rising ...
SEC announced fraud charges against Investment Adviser for stealing money from investors
August 12th, 2016
The Securities and Exchange Commission today announced fraud charges against a San Francisco man and his investment advisory firm accused of pretending to manage millions of dollars in assets and then stealing money from the first client who invested ...
Fitch: Negative-Yielding Sov Debt in Japan Down, Europe Up
August 11th, 2016
The global stock of negative-yielding sovereign debt fell modestly to $11.4 trillion as of August 2, compared with $11.5 trillion on July 15, according to Fitch Ratings. Japanese yields moved higher in late July in response to the latest ...
PwC Fights $5.6 Billion Fraud Trial over Taylor Bean’s Collapse
August 11th, 2016
PricewaterhouseCoopers LLP failed to spot for seven years a multibillion-dollar fraud that led to the demise of Taylor Bean & Whitaker Mortgage Corp., a lawyer for the lender’s bankruptcy trustee told a Miami jury on Tuesday. At issue is ...
Investment demand for gold jumps to all-time high
August 11th, 2016
In late trade in New York on Wednesday gold edged higher to exchange hands at $1,352 an ounce. Last week gold closed at a two-year high and year to date the metal is up 27% or nearly $300 an ounce. A new study ...
