A child passes by the Marriner S. Eccles Federal Reserve Board Building on Constitution Avenue, NW, on Monday, April 26, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images Members of the Federal Reserve now see two interest rate hikes in 2023, according to the central bank’s so-called dot-plot projections. Wednesday’s forecast showed 13
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CNBC’s Jim Cramer on Tuesday warned about the stock market implications of Federal Reserve Chairman Jerome Powell‘s upcoming post-meeting news conference. The Fed is set to release its policy statement at 2 p.m. ET on Wednesday, at the conclusion of its two-day June gathering. Powell’s Q&A session with reporters is scheduled to follow. Powell’s comments
Damien Vanderwilt, co-president of Galaxy Digital, Mike Novogratz founder of Galaxy, and Chris Ferraro, co-president of Galaxy Source: Galaxy Digital Goldman Sachs‘s efforts to help hedge funds and other big institutional clients wager on bitcoin have taken a step forward. The bank has begun trading bitcoin futures with Galaxy Digital, the crypto investment firm founded
Starship prototype SN8 flies above Boca Chica, Texas. SpaceX The leader of the Federal Aviation Administration’s space office defended Elon Musk’s SpaceX in front of Congress, despite the company launching a Starship prototype in December without authorization. The House Transportation and Infrastructure Committee held a hearing Wednesday on the FAA’s role in spaceflight, with the
Stewie the Yorkie Chihuahua is seen outside the New York Stock Exchange ahead of the IPO for Chewy Inc., June 14, 2019. Andrew Kelly | Reuters Given the current financial landscape, how can investors spot compelling plays? One strategy is to look for stocks that boast strong upside potential through 2021 and beyond. The names
In the oil and gas sector, proven reserves have a reasonable certainty of being recovered, while unproven reserves have a decreased level of certainty in being recovered. Recoverable oil reserves are the amount of oil that can reasonably be recovered given current technical and economic conditions. Reserves have specific classifications related to the degree of
Calculating the equity risk premium for a security using Microsoft Excel is rather straightforward. Before entering anything into the spreadsheet, find the expected rate of return for the security and a relevant risk-free rate in the market. Once those numbers are known, enter a formula that subtracts the risk-free value from the expected value. By
Economic capital (EC) refers to the amount of risk capital that a bank estimates it will need in order to remain solvent at a given confidence level and time horizon. Regulatory capital (RC), on the other hand, reflects the amount of capital that a bank needs, given regulatory guidance and rules. This article, in addition
Principal-protected notes (PPNs) are fixed-income securities that guarantee to return, at a minimum, all invested principal. This guarantee of the return of the initial investment is their distinguishing feature. The names used to describe PPNs, or “notes,” vary. In the U.S. market, they are called structured securities, structured products, or non-conventional investments. In Canada, they
Law enforcement has crime scene investigators to tell them the significance of a bloody fingerprint or a half-smoked cigarette, but investors are often left to their own devices when it comes to trying to figure out whether an accounting crime has taken place and where the fingerprint might be. Now more than ever, investors have
What Is Okcoin? Cryptocurrency trading is a relatively new market. This market gained prominence following the 2009 launch of Bitcoin, one of the world’s most popular and widely traded digital currencies. But unlike centralized exchanges, such as stock exchanges, cryptocurrencies trade on decentralized systems called blockchains. Trading can often be difficult to navigate, especially for
Some clients view financial advisors who sell life insurance with a certain suspicion. After all, a financial advisor is supposed to be the untouchable fiduciary working solely on the client’s behalf. For some, it might seem incompatible to have an advisor who also sells life insurance. However, the truth is most financial advisors wear multiple
Bloomberg vs. Reuters: An Overview The onset of the digital revolution cultivated new ways to access information, leading to cutting-edge information platforms in Bloomberg and Reuters. Both Bloomberg L.P. and Reuters are now seen by many as the fastest and most credible digital information sources in the financial industry, providing data and financial news to
When you retire, there’s likely a good two to three decades of living to look forward to. But the amount your dollar buys in the first year of retirement will shrink over the next years due to inflation. The annual inflation rate in the U.S. has averaged 3.22% since 1913. However, that figure masks a lot
Off-balance-sheet entities are assets or debts that do not appear on a company’s balance sheet. Investors use balance sheets to understand a company’s assets and liabilities and to evaluate its financial health. Because assets are better than liabilities, companies want to have more assets and fewer liabilities on their balance sheets. Some will place their