Bloomberg

Bloomberg
Displaying 12839 results
Top Democrat seeks probe on crypto use in retirement accounts
RETIREMENT RETIREMENT PLANNING JUN 15, 2022
Top Democrat seeks probe on crypto use in retirement accounts

Rep. Richard Neal, chairman of the House Ways and Means Committee, asked the Government Accountability Office to assess the use of cryptocurrency investments in 401(k) plans.

Fed hikes rates 75 basis points, intensifying inflation fight
NEWS INDUSTRY NEWS JUN 15, 2022
Fed hikes rates 75 basis points, intensifying inflation fight

The Federal Open Market Committee "is strongly committed to returning inflation to its 2% objective.”

Bitcoin’s unrelenting sell-off puts prices on verge of $20,000
INVESTING ALTERNATIVES JUN 15, 2022
Bitcoin’s unrelenting sell-off puts prices on verge of $20,000

Bitcoin, the largest token, has fallen for nine straight days, the longest losing streak since 2014.

Morgan Stanley CEO Gorman sees 50% recession risk
NEWS INDUSTRY NEWS JUN 13, 2022
Morgan Stanley CEO Gorman sees 50% recession risk

But Gorman says he's more focused on nonfinancial risks, such as data stability, cyberattacks and operations risk.

Goldman faces SEC probe of ESG funds
INVESTING ESG JUN 11, 2022
Goldman faces SEC probe of ESG funds

The agency is reportedly looking into whether some of the investments for mutual funds offered by Goldman's asset management unit are in breach of ESG metrics promised in the marketing materials.

Wall Street and the SEC headed for clash on commission-free trading
NEWS REGULATION AND LEGISLATION JUN 10, 2022
Wall Street and the SEC headed for clash on commission-free trading

SEC Chair Gary Gensler argues the U.S. equities market is littered with hidden costs and conflicts of interest.

Inflation hits 40-year high, pressuring Fed and Biden
NEWS INDUSTRY NEWS JUN 10, 2022
Inflation hits 40-year high, pressuring Fed and Biden

The consumer price index rose 1% in May, topping all estimates, led by increases in the costs of shelter, food and gas.

Yellen says crypto is ‘very risky’ option for retirement savers
RETIREMENT RETIREMENT PLANNING JUN 10, 2022
Yellen says crypto is ‘very risky’ option for retirement savers

Treasury chief says it would be reasonable for Congress to regulate what assets could be included in tax-favored retirement vehicles.

Wells Fargo sells off on report of probe of fake job interviews
YOUR PRACTICE PRACTICE MANAGEMENT JUN 10, 2022
Wells Fargo sells off on report of probe of fake job interviews

The Manhattan U.S. attorney's office is reportedly investigating allegations the firm conducted sham job interviews of minority candidates to satisfy in-house diversity guidelines.

State Street falls after report it may acquire Credit Suisse
NEWS INDUSTRY NEWS JUN 09, 2022
State Street falls after report it may acquire Credit Suisse

Swiss blog says State Street could make an offer for bank. State Street says it’s focusing on Brown Brothers purchase.