Information
- Aug 08, 2024
Crypto exchange FTX ordered to pay $12.7 billion to customers, US CFTC says
FTX drew customers in with "an illusion that it was a safe and secure place to access crypto markets," then misappropriated their customer deposits to make its own risky investments, CFTC Chairman Rostin Behnam said in a statement. The repayment order implements a settlement between the CFTC and the bankrupt crypto exchange, which has committed to a bankruptcy liquidation that will repay customers whose deposits were locked during its late 2022 collapse.
- Aug 08, 2024
The Fed has cut rates amid stock swoons before. Not this time
A sharp slowdown in the U.S. job market that touched off days of global stock-market turmoil also fueled speculation the Federal Reserve may not wait until its next scheduled meeting, in September, to cut interest rates. Indeed, an interest rate futures contract expiring later this month that tracks Fed policy expectations shot to a two-month high earlier in the week in a bet that rates would be lower by the end of August. An increasing number of analysts are now penciling in a half-a-percentage-point rate cut for the Fed's September meeting.
- Aug 08, 2024
Lack of Fed ‘Urgency’ Puts Stock Market At Risk, JPMorgan Says
(Bloomberg) -- While the recent stock-market rout flushed out some froth, US stocks remain at risk of more severe declines if growth continues to decelerate and the Federal Reserve “does not show urgency” in easing monetary policy, Dubravko Lakos-Bujas writes in his inaugural note leading market strategy at JPMorgan Chase & Co.Most Read from BloombergAfrica’s Richest City Needs $12 Billion to Fix InfrastructureHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureNYC Subway Riders See
- Aug 08, 2024
1 Stock-Split AI Stock to Buy Before It Soars 185%, According to a Wall Street Analyst
Super Micro Computer recently announced a 10-for-1 stock split.
- Aug 08, 2024
XRP Jumps 17%, Beating Bitcoin Gains, as Ripple-SEC Case Ends
Trading volumes nearly tripled and open interest on XRP-tracked futures jumped $200 million in the past 24 hours.
- Aug 08, 2024
Bitcoin Faces Risk From 'Maxed Out' U.S. Consumers, Analyst Says
U.S. consumers are accumulating debt at a slower rate, data released Wednesday showed.
- Aug 08, 2024
Trump Sons Hints at Major Crypto Announcement Around DeFi
The crypto world is speculating about possible developments from Donald Trump’s sons after enigmatic posts on X.
- Aug 08, 2024
FTX, Alameda Ordered to Pay $12.7B to Creditors by U.S. Judge
The order doesn't include civil penalties but bans FTX and its sister concern, Alameda, formerly a heavyweight crypto market maker, from trading digital assets and acting as i...
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