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Nike shares drop as retailer posts disappointing sales, announces layoffs as part of restructuring
Nike is expected to post another quarter of declining sales as the company tries to turn around its business and regain growth in China.
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Trump could target three Fed governors. Removing them may be harder than it looks
Trump could seek to remove Jerome Powell, Lisa Cook and Michael Barr from the Federal Reserve, but court rulings and lengthy litigation could limit him.
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Top Fed official signals central bank will keep rates on hold in October
Vice-chair for monetary policy Philip Jefferson echoes dovish remarks made by New York central bank head John Williams
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SEC proposes new crypto custody rules for investment advisers and funds
The regulator issued a proposed rule for custody, marking a swan song for its inaugural Crypto Task Force chief, Commissioner Hester Peirce, who exits this week.
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US mortgage rates jump the most in four years in blow to housing market
Homebuilders and prospective buyers continue to face challenging market conditions with midterms looming weeks away
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Another Trump memecoin dinner advertised for token’s top investors
The company managing the memecoin calls the November event the “most exclusive dinner in the world.”
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Alvin Roth to the rescue, the polity that is Singapore
Singapore has launched a dating platform, the latest social-engineering experiment by the city-state’s government to tackle its fast-declining fertility rate. The initiative, known as FirstDate, opened under a pilot scheme this month for public sector employees aged 21-35 and uses a Nobel Economics Prize-winning matchmaking algorithm. An additional tool suggests date activities and allows users…
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SEC Proposal Would Address How Investment Advisers and Funds Can Custody Crypto Assets Under the Federal Securities Laws
The Securities and Exchange Commission today proposed new rules and amendments to provide a tailored framework for the custody of crypto assets for registered investment advisers and regulated funds, i.e. registered investment companies and business…
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SEC’s Division of Examinations Announces New Exam Handbook
The Securities and Exchange Commission’s Division of Examinations today published its new handbook, “The SEC Exam Handbook: A Practical Guide on Process and Engagement,” which replaces and expands upon the previous examination brochure by providing…
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Nubank halts Monzo acquisition talks after shares plunge
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