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Federal authorities dropped the hammer Thursday on the former head of fixed income trading at the now defunct Atlanta-based IFS Securities Inc. for allegedly engaging in unauthorized and speculative trading activity that bankrupted the firm. The U.S. Attorney’s Office for the Northern District of Illinois and the Securities and Exchange Commission filed criminal and civil
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With a white-hot real estate market and so many people moving, you’re bound to need a housewarming gift or two these days. But why go for generic flowers or yet another bottle of wine when you can choose something that’s truly meaningful? Whether you need to buy a luxury housewarming present, an eco-friendly gift, or
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Crypto traders breathed a sigh of relief on Sept. 30 after media headlines reflected positive news regarding adoption and future regulation in the crypto sector. Early in the day, Visa announced that it has developed a layer-2-based blockchain interoperability hub that will support cryptocurrency payments and Federal Reserve chair Jerome Powell stated that the regulator has
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Municipals were little changed with a softer tone Thursday while municipal bond mutual funds saw a drop in inflows to $408 million and high yield saw its first outflows since March 3. For 30 straight weeks, investors put cash into municipal bond funds although their confidence may be waning, according to data released Thursday. Refinitiv
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Federal Reserve Chair Jerome Powell and his counterparts at the European Central Bank, Bank of Japan and Bank of England voiced cautious optimism Wednesday that supply-chain disruptions lifting inflation rates around the world would ultimately prove temporary. “The current inflation spike is really a consequence of supply constraints meeting very strong demand, and that is
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Manufacturing activity in China suffered its first official contraction since the beginning of the coronavirus pandemic as widespread power shortages compounded a loss of momentum across the country’s economy. China’s manufacturing purchasing managers’ index, an official gauge of factory activity, was 49.6 in September, dropping below the 50-point threshold that separates monthly contraction from expansion
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Municipals were slightly weaker outside of five years Wednesday, with triple-A benchmarks cutting levels by a basis point or two, after four days of a correction to higher yields not seen since February and March of this year. U.S. Treasuries pulled back from Tuesday’s losses earlier in the morning, but yields rose into the afternoon
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