#How SEC boss should deal with ‘meme’ stock schemes

#How SEC boss should deal with ‘meme’ stock schemes

“#How SEC boss should deal with ‘meme’ stock schemes” Gary Gensler thought he had all the answers when he took the helm at the Securities and Exchange Commission this spring. Wall Street lawyers and bankers who deal with him tell me he was highly confident — almost arrogant — in explaining his agenda of regulating…

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#Fed holds steady even as it nods to ‘strengthened’ recovery

#Fed holds steady even as it nods to ‘strengthened’ recovery

“#Fed holds steady even as it nods to ‘strengthened’ recovery” The Federal Reserve held interest rates and its monthly bond-buying program steady on Wednesday, nodding to the US economy’s growing strength but giving no sign it was ready to reduce its support for the recovery. “Amid progress on vaccinations and strong policy support, indicators of economic activity and…

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#Investors seek Bitcoin haven amid weakening dollar worries

#Investors seek Bitcoin haven amid weakening dollar worries

“#Investors seek Bitcoin haven amid weakening dollar worries” Warren Buffett hates cryptocurrencies. Treasury Secretary Janet Yellen isn’t a fan and neither is Bill Gates. Ditto for scores of great economic minds who call the rise of cryptos like Bitcoin a “bubble,” and a lot worse.   I have my doubts as well. I’ve seen too many…

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#Forget griping staffers, investors love David Solomon

#Forget griping staffers, investors love David Solomon

“#Forget griping staffers, investors love David Solomon” David Solomon would never win a popularity contest inside Goldman Sachs.  Low-level employees grouse that the chief executive makes them work around the clock through the pandemic to keep up with deal flow. White-shoe investment bankers complain that they get blasted when they miss out on business.  He…

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#Fed expects to keep its key rate near zero through 2023

#Fed expects to keep its key rate near zero through 2023

“#Fed expects to keep its key rate near zero through 2023” The Federal Reserve foresees the economy accelerating quickly this year yet still expects to keep its benchmark interest rate pinned near zero through 2023, despite concerns in financial markets about potentially higher inflation. With its brightening outlook, the Fed on Wednesday significantly upgraded its…

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# Mainframe-rebrand HiFi launches fixed-rate lending protocol

# Mainframe-rebrand HiFi launches fixed-rate lending protocol

“# Mainframe-rebrand HiFi launches fixed-rate lending protocol ” HiFi — the DeFi-focused recent-rebrand of onetime dApp platform Mainframe — is announcing today the launch of a fixed-rate DeFi lending platform.  “Fixed-rate lending is an important milestone for DeFi,” said HiFi CEO Doug Leonard in a press release. “Investors and traders need less-volatile options so that…

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