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Central Bankers Are Expressing Concern About The Financial System's Preparedness For A Cyber Attack
Tuesday, December 3, 2019 - 1:11pm | 777Read More...Technology executives are worried about cybersecurity, as are bank executives. Now, central banks are expressing concern as well. Multiple reports over the past few weeks suggest that the central bankers are beginning to step into the fray on the issue, and are considering ways that the...
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More Banks Are Teaming Up To Test Blockchain Solutions
Wednesday, October 23, 2019 - 1:55pm | 1137Read More...Blockchain technology may well be the most transformative technology in a generation. And as the potential use cases have become mapped out, financial firms around the world have spent the past few years investigating how the technology can disrupt banking. Banks playing around with...
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BlackRock's Larry Fink Tells CNBC He Sees Lack Of 'Good Assets'
Tuesday, April 16, 2019 - 4:05pm | 363Read More...Global equities ended 2018 down by 13 percent and have rebounded around 11 percent, implying that the market environment is different today than it was at the end of last year, BlackRock, Inc. (NYSE: BLK) CEO Larry Fink said on CNBC's "Squawk Box" segment Tuesday after the...
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Central Banks Drove Gold Demand In 2018
Saturday, February 2, 2019 - 10:14am | 499Read More...Gold and the related exchange traded funds were challenged last year by the strong dollar and rising U.S. interest rates, but that did not prevent some buyers from stepping up bullion purchases. New data from the World Gold Council shows global gold demand increased by 4 percent last year. What...
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Cramer: The Bull Run Is 'Genuine'
Wednesday, November 1, 2017 - 1:23pm | 466Read More...The stock market's bull run is showing no signs of slowing down as the Dow Jones Industrial Average and S&P 500 index are on a seven-month winning streak. And there is a valid reason for this rally to continue, according to CNBC's Jim Cramer. Immediately after the 2008 financial crisis, many...
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3 Ways To Play China's Rate Decision
Monday, October 9, 2017 - 1:35pm | 512Read More...The Chinese central bank said over the weekend that it would be open to changing its monetary policy in the coming months, Bloomberg reported. China's central bank, the People's Bank of China, is unique from its international peers in the sense that it doesn't operate on a fixed schedule for policy...
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Strategist: The Bull Run Is Over, Take Your Profits While You Can
Wednesday, July 26, 2017 - 3:27pm | 352Read More...The Dow Jones Industrial Average benefited from a triple-digit point surge on Tuesday while the S&P 500 index hit a new intra-day all-time high. Despite the market's continued momentum, some experts are calling for investors to lock in their profits and exit American stocks. Every bull run...
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A Bear Market Is Coming In 2018, Bloomberg Finds In New Survey
Tuesday, July 25, 2017 - 2:59pm | 319Read More...Sorry investors, but results of a poll of 30 finance professionals across four continents aren't supportive of the continued bull run. According to a Bloomberg survey, the bull stock market run has just more than one year left and will end late next year when U.S. credit will enter its first bear...
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Bill Gross: If A Global Recession Happens, You Can Blame Central Banks
Thursday, July 20, 2017 - 1:32pm | 357Read More...Who will take the blame for a global recession? The answer, at least according to famed bond investor Bill Gross is central banks across the world. Gross, head of the $2.1 billion Janus Henderson Global Unconstrained Bond Fund, said in a letter to investors that central banks across the world have...
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Is Canada's Rate Hike A Cautionary Tale For Other Central Banks To Learn From?
Wednesday, July 19, 2017 - 10:08am | 391Read More...Canada's Prime Minister Justin Trudeau promised middle class Canadians and those working hard to move up the economic ladder "sunny ways" during the 2015 election campaign. But a recent move by the Bank of Canada to boost interest rates for the first time in years may serve as a...
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Notable Bear Isn't Betting Against The Market
Tuesday, July 18, 2017 - 11:58am | 335Read More...David Tice of Tice Capital is one of the stock market's most notable and vocal bears. His own website even highlights the dangers of "investing near the end of a secular bull market" yet at the same time he believes an equally dangerous trade is betting against the bull market and...
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Trump May Not Be All Gravy For Bank ETFs
Monday, November 14, 2016 - 1:37pm | 546Read More...Broadly speaking, political donors on Wall Street backed Democrat Hillary Clinton in this year's presidential election. Judging by the reaction to Republican Donald Trump's stunning upset, financial services stocks and the corresponding exchange-traded funds are comfortable with the idea of...
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The Republican Sweep Changes Everything For Morgan Stanley's Large-Cap Bank Thesis
Monday, November 14, 2016 - 12:36pm | 542Read More...The surprise election of Donald Trump may have been a game-changer for bank stocks. Morgan Stanley analyst Betsy Grasek has issued a wave of rating and price target changes for bank stocks. Even following significant post-election run-ups, Morgan Stanley has upgraded Citigroup Inc (NYSE: C) to...
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El-Erian: Central Banks Have 'Distorted' The Public Market
Thursday, October 20, 2016 - 8:24am | 466Read More...Mohamed El-Erian, a well-respected economist and chief economic adviser at Allianz, isn't a fan of owning stocks. In an interview with Bloomberg, El-Erian said he isn't avoiding stocks because of the perceived risks. In fact, his portfolio composition contains assets generally considered to be...
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Strategist: Investors Need To 'Be Very Careful' Where They Take Risk
Monday, October 3, 2016 - 10:44am | 334Read More...BlackRock's global chief investment strategist Richard Turnill has some advice for shareholders. Turnill helps manage and oversee BlackRock's nearly $4.9 trillion in assets under management was a guest on CNBC. He started off by saying there is an ongoing shift in the "economic...
