News list for " Cut"
Paul Grewal, Coinbase's chief legal officer, tweeted that Coinbase had filed prediction market-related lawsuits in Connecticut, Michigan and Illinois. "Prediction markets fall squarely under the jurisdiction of the CFTC, not any one state gaming regulator, let alone the 50 states. States seeking to control or block these markets outright stifle innovation and violate the law."
Connecticut launched a legal offensive into sports contracts, issuing cease-and-desist notices on Wednesday to three major prediction market operators - Robinhood, Kalshi and Crypto.com - that the state's consumer protection division accused of engaging in "unlicensed sports betting". According to the state notice, these companies are "hereby ordered to immediately cease and terminate advertising, offering, promoting, or in any way making available contract or other form of unlicensed online gam...
Mr. Goolsbee of the Federal Reserve signalled that he remained uneasy about cutting interest rates again at the Fed's December meeting. Mr. Goolsbee said on Thursday that the fall in inflation "seems to have stalled, and even warns that it is going in the wrong direction. So that makes me a little uneasy." A growing number of policymakers are expressing concern about cutting interest rates too much while inflation remains high....
With UK government bonds leading the way, US Treasuries recovered some of last week's losses. Despite an early setback in the corporate bond market at the start of the week, Amazon issued $12 billion in dollar-denominated bonds (its first dollar bond offering since 2022)...
Federal Reserve Goolsbee: No decision has been made on what action the Federal Reserve will take at its next meeting, and the threshold for rate cuts is now higher than at the previous two Fed meetings.
On November 1st, the S & P 500 index rose for six consecutive months, rising 2.27% this month, setting a record for the longest consecutive monthly rise since August 2021; the Dow Jones index rose for six consecutive months, rising 2.51% this month, and the Nasdaq index rose for seven consecutive months, rising 4.7%, both setting a record for the longest consecutive rise since January 2018.
On November 1st, according to the Wall Street Journal, on Friday local time, four Federal Reserve officials expressed their concerns about the possibility of interest rate cuts this week and again in December in different forms, which explains why Federal Reserve Chairperson Powell said in the post-decision conference that the December interest rate cut is not "DingTalk on the board". In Wednesday's meeting, only Kansas City Federal Reserve President Schmid voted against the decision to cut inte...
According to the Wall Street Journal, on Friday local time, four Federal Reserve officials expressed their concerns about the possibility of interest rate cuts this week and again in December, which explains why Federal Reserve Chairperson Jerome Powell's post-decision conference...
