In this article Gary Gensler’s expected nomination to lead the U.S. Securities and Exchange Commission is seen ushering in an era of greater federal oversight of the $1 trillion cryptocurrency market. Gensler, who most recently taught about cryptocurrencies and their underlying technologies at the Massachusetts Institute of Technology, previously chaired the Commodity Futures Trading Commission and was a partner at […]

New York (CNN Business)Wells Fargo is still being haunted by its history of ripping off customers. More than four years after the Wells Fargo (WFC) fake-accounts scandal erupted, the bank reported Friday another $321 million of quarterly losses tied to customer refunds. That brings Wells Fargo’s 2020 total for what it calls customer “remediation” to a staggering $2.2 billion. Wells […]

Treasuries extended last week’s selloff driven by fiscal stimulus optimism, keeping the benchmark 10-year note’s yield above the long-elusive 1% level for the fourth straight day. Long-term yields in the world’s biggest debt market are settling into a new, higher range above the tough-to-crack perch set in March as traders bet President-elect Joe Biden, who takes office next week, will […]

FILE PHOTO: United Airlines president Scott Kirby speaks before the departure of the “Flight for the Planet”, the most eco-friendly commercial flight in history of aviation, according to the airline, from O’Hare International Airport to Los Angeles, in Chicago, Illinois, U.S., June 5, 2019. REUTERS/Kamil Krzaczynski(Reuters) – United Airlines may make the COVID-19 vaccine mandatory for employees, and other companies […]

Market strategist Sven Henrich, who warned of the crash before it occurred in February 2020, says "we are staring at the largest valuations and technical disconnects ever." He said the difference between current price levels and exponential moving averages shows stocks are again due for a pullback. Visit Business Insider's homepage for more stories. On February 20 last year, right […]

FILE PHOTO: The logos of Amazon, Apple, Facebook and Google in a combination photo.BRUSSELS (Reuters) – EU lawmakers have invited the chief executives of Amazon, Apple, Facebook and Alphabet to a Feb. 1 hearing in Brussels as they try to crack down on the powers of U.S. tech giants. The European Parliament will in the coming months provide input into […]

The futures traded decidedly lower on Friday, as investors took stock of more all-time intraday highs on the major indexes, and they start to get an idea of the initiatives from the Biden administration for the first 100 days in office. With fourth-quarter earnings reports continuing to stream in, Wall Street will not only be examining the results but also […]

The administrator of the SAT college entrance exam is scrapping an optional essay and eliminating subject tests that had been required by some U.S. schools. The change announced Tuesday by the College Board is another example of how the Covid-19 pandemic has upended admissions. Many schools waived the standardized test requirement for admission, some permanently, as tests sites were closed […]

Taiwan’s authorities are having to work harder to stop the local dollar from strengthening. While the currency closes each day little changed amid intervention by the central bank, intraday gains are widening. The currency advanced as much as 1.9% on Wednesday, its biggest increase since 2011. Foreign investors are pouring cash into Taipei’s financial markets, which has helped drive the […]