The financial system has seen its fragility appear in September 2019. The Repo Crisis was covered up but ultimately for those paying attention, this should have been a signal. The Fed can’t actually prevent a crisis. It’s the perception that they can that calms the market. But if the Fed is unable to convince the market of that, the crutch will be pulled from under them. Not good.
SEC.gov | SEC Charges Robinhood Financial With Misleading Customers About Revenue Sources and Failing to Satisfy Duty of Best Execution
SEC Charges Robinhood Financial With Misleading Customers About Revenue Sources and Failing to Satisfy Duty of Best Execution
FOR IMMEDIATE RELEASE 2020-321 The Securities and Exchange Commission today charged Robinhood Financial LLC for repeated misstatements that failed to disclose the firm’s receipt of payments from trading firms for routing customer orders to them, and with failing to satisfy its duty to seek the best reasonably available terms to execute customer orders.
US jobless claims rise to 885,000 amid resurgence of virus
WASHINGTON (AP) – The number of Americans applying for unemployment benefits rose again last week to 885,000, the highest weekly total since September, as a resurgence of coronavirus cases threatens the economy’s recovery from its springtime collapse. The Labor Department said Thursday that the number of applications increased from 862,000 the previous week.
Assets: Total Assets: Total Assets (Less Eliminations from Consolidation): Wednesday Level (WALCL) | FRED | St. Louis Fed
Source: Board of Governors of the Federal Reserve System (US) Release: H.4.1 Factors Affecting Reserve Balances Units: Frequency: Suggested Citation: Board of Governors of the Federal Reserve System (US), Assets: Total Assets: Total Assets (Less Eliminations from Consolidation): Wednesday Level [WALCL], retrieved from FRED, Federal Reserve Bank of St.
Hardly Anyone Is Actually Inside Wall Street’s Big Office Towers – Bloomberg
NYC Hotel Bust Means Even $1,000 Rooms Aren’t Profitable – Bloomberg
DoorDash (DASH) Stock Sinks After Citron Calls IPO ‘Most Ridiculous’ of 2020 – Bloomberg
Work From Home: Tech Companies Cut Pay of Workers Moving Out of Big Cities – Bloomberg
Swiss Dismiss U.S., BOJ to Extend Aid, Pay-Cut Pointer: Eco Day – Bloomberg
Coca-Cola to Cut 2,200 Jobs – WSJ
Coca-Cola Co. said it is cutting 2,200 jobs globally, including 1,200 in the U.S., as the coronavirus pandemic accelerates the soda giant’s restructuring efforts. The Atlanta company, which had about 86,000 employees at the start of the year, has been trimming expenses and products amid the closures of restaurants, bars, movie theaters and sports stadiums that sell its drinks around the world.
StockX Raises $275 Million in Series E Funding Round
Led by Tiger Global Management, LLC with new participation from Altimeter Capital, Sands Capital, and Whale Rock Capital Management, the raise marks the largest VC funding round in Michigan history and brings the total funds raised to $490 million.
South Carolina Legislature Online – Bill Search by Bill Number
H 3377 General Bill, By Jones Summary: Not yet available A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING ARTICLE 17 TO CHAPTER 1, TITLE 1 SO AS TO PROVIDE THAT GOLD AND SILVER COINS MINTED FOREIGN OR DOMESTIC SHALL BE LEGAL TENDER IN THIS STATE, AND TO PROVIDE THAT NO PERSON MAY COMPEL ANOTHER PERSON TO TENDER OR ACCEPT GOLD OR SILVER COIN UNLESS AGREED UPON BY THE PARTIES.
The ‘Fake Wealth’ Industry Making Influencers Look Rich
Pretending you were gifted those trainers might be the reason you’re not an influencer.
A New Satellite Can Peer Inside Buildings, Day or Night
A few months ago, a company called Capella Space launched a satellite capable of taking clear radar images of anywhere in the world, with incredible resolution. It can even see inside some buildings, including spotting airplanes inside hangars – though only in the case of lightweight structures, the company clarified, and not dense ones like high rises or residential homes.
The financial system is seeing a major change in 2020. With more investment in tech stocks, people are asking which tech stocks should [I] buy? More cash, debt, money is flowing into equities.
— APPENDICES —
- The Money GPS: If You’re Dealing With Unemployment, Wage Cuts, or Crisis THIS Is What You Must Do
- The Money GPS: Who Controls the World? These Organizations, Institutions, and Families Run the Show
- The Money GPS: Rothschild and Rockefeller Team Up With the Vatican! Follow the Money…
- The Money GPS: The Broken Economy Leaving Millions Without A Job! Economic Crisis or Opportunity?
- The Money GPS: BIS Central Banker Admits EPIC Level Crisis Is the Most Likely Result of Global Mass QE
— FOOTNOTES —
Wake up to the suits and ties. They’re all lying to you. None are your friends. None wish to help you. Wolves in sheep clothing. More distractions than ever before. The magician always makes a spectacle to hide the trick.
IF THEY WILL FIGHT OVER PLAYSTATION…What would they do for food? #ps5 #PlayStation5 #playstation #ps5fight #walmart pic.twitter.com/hbimVKzeta
We live in a fantasy land. More money flowing in than ever before, IPO frenzy, housing skyrocketing. Euphoria never end well. The higher it goes the worse it will be. Slow and steady growth is much safer. #money #investments #debt
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The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It’s simply data that is generally not found through conventional means.
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of The Duran.