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News Highlights : Top Financial Services News of the Day -October 11, 2023 at 12:16 am EDT

currencycoach by currencycoach
October 11, 2023
in Currency Services
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US Equity Markets Close Higher Tuesday Following Fed Officials … – Marketscreener.com
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Higher Bond Yields Likely to Extend Fed Rate Pause 
 

Officials are signaling that a run-up in long-term interest rates might substitute for a further central bank rate hike.

 
Caroline Ellison Says Bankman-Fried Steered FTX Deception 
 

The former deputy-and sometime girlfriend-of Sam Bankman-Fried testified the crypto-exchange founder ordered her and others to commit criminally fraudulent acts.

 
This Country Won the Global Tax Game, and Is Swimming in Money 
 

Ireland is creating a rainy-day fund from outsize profits from U.S. tech and pharma giants seeking to lower their tax bills.

 
Truist Stock Pops on Reported Insurance Business Sale. Why It's Still a Buy. 
 

The bank is getting a boost as it simplifies its business.

 
Americans are feeling less confident about paying back their debts, New York Fed says 
 

Consumers’ expectation of missing a minimum payment is at the highest level since May 2020, according to the Federal Reserve Bank of New York’s latest survey.

 
IMF lifts U.S. growth forecast, cuts Saudi's as it says the global economy is limping along 
 

The International Monetary Fund on Tuesday kept its forecasts for limp economic growth this year and next largely unchanged.

 
BOE Sees Strong U.K. Banks, but Wants Tougher Rules for Money-Market Funds 
 

U.K. banks are well-placed to weather any turbulence, even as rising interest rates and growing geopolitical tensions increase strains in the global financial system, the Bank of England said, but called for new global standards and rules for institutions involved in market-based finance.

 
JPMorgan Chase Offers Private-Markets Fund Tailored to Individual Investors 
 

The Private Equity Group within JPMorgan Chase’s asset management arm is tossing a new entry into the growing competition to open private equity to individual investors.

 
These Stocks Are Screaming Recession. It's Almost Time to Buy Them. 
 

Small-capitalization stocks can supercharge portfolios on the other side of an economic downturn.

 
The Crypto Economy's Big Hope Is Already In Crisis 
 

Gaming is a rare industry where virtual currencies can play a real role, but it faces an uncertain future after being undermined by rampant speculation.

(END) Dow Jones Newswires

10-11-23 0015ET



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