Bankrupt crypto lender Genesis has reached an agreement in principle on a restructuring plan supported by its parent company, Digital Currency Group, and its primary creditors, including Gemini, an attorney for the company said on Monday.
The Bank of England has signalled the tide is turning in its battle against high inflation after a series of interest rate hikes - but it has also said it is too soon declare victory.
Benchmark 10-year U.S. Treasury yields hit four-week highs on Monday after Friday's blowout employment number raised expectations that the Federal Reserve's rate hikes will not end with a hard economic landing, and that the U.S. central bank may have more than one more rate increase left.
Sterling hit a one-month low against the dollar on Monday, at the start of a week where traders are focussing on British growth data and remarks from Bank of England policy makers about the pace of interest rate hikes.
Corporate financial health will worsen across the globe this year, failing to gain respite from signs that inflation has peaked and hopes for an economic soft landing, asset manager Janus Henderson (JHG) said in a report released on Monday.
U.S. Treasury yields jumped
higher on Friday after data that showed job growth surged and
services activity rebounded in January, further complicating the
Federal Reserve's attempts to slow the ...
AltaSea at the Port of Los Angeles, the nations leading destination for the blue economy, and Beneficial State Bank officially cut the ribbon on the banks newest commercial loan hub on AltaSeas campus at a news conference on January 12, 2023.
Senate Democrats are not giving up on marijuana banking reform. Majority Leader Charles Schumer met Wednesday with several other Democratic senators to "ponder the path" that would push cannabis legislation toward approval in this Congress, Sen. Jeff Merkley told The Hill.
By Jamie McGeever. The mood at the annual 'Miami hedge fund week' gatherings this week was as bright as the winter sunshine, with one notable dark cloud on the 2023 horizon: U.S. stocks. The S&P 500 has just had its first January rise since 2019 - and its second best start to a year since 1989 - while the Nasdaq's 10.7% surge marked its best January since 2001.
For all intents and purposes, financial markets think the brutal central bank tightening cycle is done. That may seem like a leap of faith after 36 hours in which three major central banks lifted their main policy interest rates yet again - and warned of more to come.
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