Author: News Room

Jamie Dimon, possibly the world’s most influential banker, has proposed that the banking system needs better regulations. Based on what he wrote in his annual letter to shareholders its likely he and his bank, JPMorgan Chase JPM , cannot lose. It’s a case of head’s JPMorgan Chase wins, tails JPMorgan Chase wins. And of course, as CEO of the bank, Dimon will likely succeed, also. “We want proper transparency and strong regulations,” he wrote. Regulations were the core theme of his note. The world gets used 24 times. Current Banking Rules Flawed In the piece, Dimon highlighted the utterly flawed…

The last 96 hours have been one of the most manic and momentous in my last decade in venture capital. Silicon Valley Bank, once a stalwart of its namesake Silicon Valley was put into receivership by the Federal Government Insurance Corporation. What does this mean for its customers? Its investors? The bank? The story continues to unfold. But one thing is for certain: These failures will change the startup landscape and founder behavior in meaningful ways. Here are five predictions. Risk Management Comes To The Forefront For many startups, it was completely rational, and justifiable to store deposits safely with…

Topline Just days after its former subsidiary, Silicon Valley Bank, was deemed a failure and taken over by regulators, SVB Financial filed for bankruptcy in New York on Friday—an attempt to save assets and businesses it still controls, including its investment bank and venture capital arm. Key Facts On Friday morning, SVB Financial announced it filed a voluntary petition for a court-supervised reorganization in the U.S. Bankruptcy Court for the Southern District of New York. The company, which is no longer affiliated with Silicon Valley Bank or its government-controlled successor, Silicon Valley Bridge Bank, said it has about $2.2 billion…

By John McCrank NEW YORK (Reuters) – Assets in money market funds have soared to record levels, drawing investors with their safe-haven appeal and yields that far exceed those paid on bank deposits. The funds are traditionally considered low-risk and liquid as they invest in high-quality assets, including short-term Treasuries. Yet funds that rely on U.S. government debt could be a potential – though so far, unlikely – trouble spot if lawmakers are unable to hammer out a deal on raising the nation’s borrowing limit, setting the stage for a default. HOW BIG ARE MONEY MARKET FUNDS? Assets under management…

By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose against the euro on Friday but was on track for its fifth straight weekly loss against the common currency, after slower U.S. consumer spending growth boosted hopes the Federal Reserve would be less aggressive in hiking interest rates. U.S. consumer spending rose moderately in February after surging the prior month, and while inflation showed signs of cooling it remained elevated, which could prompt the Fed to raise interest rates once more this year. Earlier in the session, data showed euro zone inflation dropped by the most on record in March,…

By Barani Krishnan Investing.com — “It never rains but it pours,” is the saying. After small but steady daily gains that came like the pitter-patter of rain, it’s just pouring now in gold land. Both futures of the yellow metal on New York’s Comex and bullion traded on the spot gold market jumped about 2% Tuesday — their most in nearly two weeks — burrowing deeper into $2,000 territory, with the view of possibly setting new record highs in days. Gold’s latest run-up after a one-week hiatus to a four-week rally is “a sign that traders are not budging from…

© Reuters. FILE PHOTO: Traffic passes a Samsung Electronics Co digital billboard in the Times Square area of Manhattan in New York City, U.S. March 2, 2023. REUTERS/Chris Helgren By Joyce Lee and Heekyong Yang SEOUL (Reuters) – Samsung Electronics (OTC:) Co Ltd said on Friday it would make a “meaningful” cut to chip production, following the lead of smaller rivals, as it grapples with a sharp global downturn in semiconductor demand that has sent prices plummeting. The unusual output cut by the world’s biggest memory chipmaker – with no previous announcement recalled by Samsung (KS:) officials and analysts -…

The meme-stock frenzy of 2021 focused the public’s attention on market structure with unprecedented intensity. Flush with COVID stimulus funds and hemmed indoors by pandemic restrictions, Americans took advantage of no-commission trading services like Robinhood HOOD, +2.67% to gobble up high-flying stocks made famous on social media. It was a wild ride, until the intensity of the frenzy became its undoing. The unprecedented volume of buy orders for shares of GameStop GME, +1.50% and other meme shares forced brokers to cut off customers, leading to widespread outrage and intense scrutiny of the plumbing of U.S. financial markets. U.S. Securities and…

April is National Financial Literacy Month. To mark the occasion, MarketWatch will publish a series of “Financial Fitness” articles to help readers improve their fiscal health, and offer advice on how to save, invest and spend their money wisely. Read more here.After renting for nearly a decade, New Yorker Malcolm J. Merriweather decided to look for a home to buy. Merriweather, a director of the New York Philharmonic Chorus, and an associate professor at Brooklyn College, had been on the market to buy a home since 2018. But since he had many income streams from performing with groups all over the…

These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities. Subsequent changes in holdings or intentions must be reported in amended filings. This material is from March 30 through April 5, 2023. Source: VerityDataActivist Holdings American Public Education (APEI) 325 Capital increased its position in the postsecondary-education-services firm to 1,170,834 shares, or a 6.1% interest. 325 Capital purchased 229,901 American Public Education shares from March 23 through March 27 at prices ranging from $4.53 to $4.86 apiece. 325…