News for nerds
U.S. banking regulators have ordered crypto firm Voyager Digital to cease and desist from making “false and misleading” claims that its customers’ funds were protected by the government. The Federal Reserve and the Federal Deposit Insurance Corp (FDIC) sent a Read more
The dollar dropped to a six-week low against the yen on Thursday, tracking the decline in Treasury yields, after data showed the U.S. economy contracted again in the second quarter, fueling speculation that the Federal Reserve will not raise rates Read more
Private equity and hedge funds cautioned on Thursday that a proposed U.S. tax increase on carried-interest income could potentially hurt small businesses and big investors, such as endowments, foundations and pension funds. Carried interest refers to a longstanding Wall Street Read more
Europe’s biggest oil companies Shell (SHEL.L) and TotalEnergies (TTEF.PA) extended share buybacks on Thursday after their second-quarter profits beat an already record-breaking previous quarter on the back of soaring crude, gas and oil product prices. The two companies combined are Read more
Canada’s main stock index rose on Thursday to its highest level in more than six weeks as investors cheered corporate earnings results, shrugging off data that showed the U.S. economy contracting for a second straight quarter. The Toronto Stock Exchange’s Read more
U.S. shale producer Continental Resources Inc (CLR.N) beat second-quarter profit expectations on Thursday, on the back of higher oil prices. Continental also said it was still evaluating a take-private offer in June from billionaire-founder Harold Hamm’s family trust, which valued Read more
Global sustainable funds saw net new deposits plummet last quarter as concerns about a looming recession weighed on investors, but they held up better than their traditional peers, a new report from researcher Morningstar Inc, (MORN.O) showed on Thursday. Sustainable Read more