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Fintech Focus Roundup For November 7, 2020
Friday, November 6, 2020 - 9:39pm | 2588Read More...Quantopian Joins Robinhood To Unlock Finance The Nitty-Gritty: Founded in 2011 to inspire and unlock access to algorithmic investing, Quantopian’s co-founder and CTO John Fawcett released a blog post on his team’s intent to integrate with commission-free broker Robinhood. “The...
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Meet Accern, A 2020 Benzinga Global Fintech Awards Finalist
Tuesday, November 3, 2020 - 1:10pm | 527Read More...Benzinga will be holding its annual Benzinga Global Fintech Awards, a day of dealmaking, networking, and recognition in the financial technology space, on Nov. 10, 2020. In recognition of those disruptive innovators creating positive and diverse change within the financial services space...
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Fintech Focus For October 28, 2020
Tuesday, October 27, 2020 - 4:52pm | 2346Read More...Quote Of The Day: Life is a long lesson in humility. - James M. Barrie Fintech Movers: UBS Group AG plans to invest $200 million of its own money in fintech companies over the medium term in a push to further digitize its services and find new ways to engage with clients. - Bloomberg Benzinga...
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Fintech Focus For September 30, 2020
Tuesday, September 29, 2020 - 8:05pm | 2989Read More...Quote Of The Day: The man with a new idea is a crank, until the idea succeeds. - Mark Twain Fintech Movers: Brian Armstrong, CEO of Coinbase, took a strong stance against employee-driven corporate activism over the weekend, explaining that, going forward, his company would be “mission...
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HSBC, Deutsche Bank Lead Bank Stock Sell-Off Following Money Laundering Allegations, Potential China Blacklist
Monday, September 21, 2020 - 11:15am | 546Read More...HSBC Holdings plc (NYSE: HSBC) shares dropped more than 6% on Monday following reports the bank was involved in large-scale money laundering over a period of nearly two decades. Investors in HSBC and the other banks mentioned in the reports are now trying to figure out exactly what the...
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13 Financial Pros React To Emergency Interest Rate Cut: More Stimulus Needed?
Monday, March 16, 2020 - 12:18pm | 1304Read More...On Sunday, the Federal Reserve issued its second emergency interest rate cut of March, slashing its fed funds target range by 1% to between 0% and 0.25%. In addition to the rate cut, the Fed announced a new $700 billion quantitative easing program. On Monday morning, the Federal Reserve said it...
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Market Bottom Could Be 30% Below Last Month's High, El-Erian Says: It's 'Going To Be Treacherous For A While'
Monday, March 9, 2020 - 9:52am | 524Read More...The stock market could drop as much as 30% from the record highs reached earlier this year before bottoming out, the chief economic advisor at Allianz, said Monday. The economist, Mohamed El-Erian, also said on CNBC's "Sqawk Box" that most retail investors should stay...
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Will US Interest Rates Ever Drop Below Zero?
Thursday, September 19, 2019 - 6:50am | 909Read More...Negative-yielding sovereign debt levels now exceed $15 trillion, and negative-yielding corporate debt is now greater than $1 trillion around the world. With the Federal Reserve cutting interest rates for the second time this year, investors are growing increasingly concerned that U.S. interest...
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Economists React To Blowout December Jobs Report
Friday, January 4, 2019 - 9:32am | 771Read More...For the second straight morning, U.S. investors concerned about an imminent recession received data suggesting the economy is stronger than expected. The S&P 500 traded higher on Friday morning after the U.S. jobs market bounced back from a relatively weak November reading and exceeded...
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A Guide To Who Loves And Hates Cryptocurrency
Thursday, October 5, 2017 - 10:18am | 770Read More...Bitcoin, Ethereum and other cryptocurrencies have been some of the hottest investments in the world in recent years. This year alone, the Bitcoin Investment Trust (OTC: GBTC) is up more than 476 percent. But while some investors are going all in on cryptocurrency as the future of payments, other...
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Fed Maintains Interest Rates, Announces Start To Balance Sheet Normalization
Wednesday, September 20, 2017 - 1:32pm | 598Read More...Having already laid the groundwork with two interest rate hikes this year, the Federal Open Market Committee took an unprecedented step to tighten its monetary policy Wednesday. As expected, the FOMC confirmed it would begin to contract its sizeable balance sheet and shrink its bond portfolio in...
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March Jobs Miss 'More Noise Than Signal'
Friday, April 7, 2017 - 8:48am | 669Read More...After two consecutive months of better-than-expected payroll growth, with January and February beating estimates by a combined 87,000 jobs, the United States suffered a significant miss in its March employment figures. According to the Bureau of Labor Statistics establishment survey, total nonfarm...
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Fed Moves Markets With First Rate Hike Of 2017: On Path To 'Beautiful Normalization'
Wednesday, March 15, 2017 - 2:44pm | 622Read More...The Federal Reserve delivered the interest rate hike the markets were expecting on Wednesday. The Fed announced it will be upping the fed funds target rate by 0.25 percent to a range of 0.75-1.0 percent. Despite the fact that rising interest rates are typically bad for stocks and commodities like...
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Is This Week's Fed Meeting 2017's Biggest Binary Event Thus Far?
Sunday, March 12, 2017 - 3:50pm | 429Read More...The exceptional February jobs report out Friday seems to have paved the way for the Federal Reserve to make an aggressive interest rate hike when it meets this week. In fact, the Fed Fund futures market is already pricing in a 100 percent chance of at least a 0.5 percent hike and a 93 percent...
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First Jobs Report Under President Trump Sets Stage For Rate Hike
Friday, March 10, 2017 - 10:56am | 471Read More...The first monthly jobs report under President Donald Trump is officially in, and it’s a good one. On Friday morning, the Bureau of Labor Statistics reported the U.S. economy added 235,000 jobs in February, and the U.S. unemployment rate declined to 4.7 percent. The jobs number came in well...
