Alibaba proposed a spin-off and separate listing of Banma Network Technology. Banma is seeking a separate listing of its shares on the main board of […]
POLITICO reports that US will play minimal role in security guarantees for Ukraine
Quick summary of the POLITICO article below. The US Defense Department has signaled it intends to play only a minimal role in providing long-term security […]
If Cook is guilty of mortgage fraud what are the normal penalties?
The day began with allegations that Fed Governor Lisa Cook engaged in mortgage fraud. Specifically, she was accused of purchasing two properties in quick succession […]
Wall Street Journal’s Timiraos: Broad support to hold rates steady
Broad support to hold rates steady, with only Waller and Bowman dissenting in favor of a cut. Division on tariffs: some officials believe clarity will […]
FOMC meeting minutes:It would take time to get clarity on tariffs.Upside risk to inflation
The highlighted points from the FOMC July meeting Almost all participants at Fed’s July 29–30 meeting viewed it as appropriate to maintain the benchmark interest […]
U.S. Treasury auctions off of $16 billion of 20 year bonds at a high yield of 4.876%
High-yield: 4.876%Tail -0.1 basis points versus six month average of -0.2 basis pointsWI level at the time of of the auction 4.877%Bid to cover 2.54X […]
Major European indices close mixed. German DAX & Italy’s FTSE MIB lower. UK’s FTSE higher
As the US market comes under pressure, the European equity markets are closing mixed. The Spain’s Ibex and France’s CAC are closing near unchanged. The […]
Fed’s Waller does not comment on monetary policy or the economy
Fed’s Waller does not comment on monetary policy or the economy. He is speaking on payments in Wyoming. Later today, the Fed open market committee […]
Gold finds support near its 100 day moving average
Gold fell to its lowest level since August 1, touching a session low of $3311.62, just shy of the rising 100-day moving average at $3304.32. […]
Crypto Becomes an Integral Part of Sports: New B2BINPAY Report Reveals Growth and Trends
B2BINPAY, the all-in-one crypto ecosystem for business, has published a new industry report, “Crypto Becomes an Integral Part of Sports — Growth and Trends,” exploring […]