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Binance Trial on Ice in Nigerian Court as Lawyers Demand Missing Documents
In a legal saga that has captured international attention, a Nigerian court has adjourned the money laundering trial against cryptocurrency exchange Binance and two of its executives until May 17. The decision came after a lawyer representing the exchange informed the court that he had not been served with the essential documents necessary to prepare for the case. Legal Proceedings Adjourned Binance, along with its executives Tigran Gambaryan and Nadeem Anjarwalla, find themselves embroiled in legal proceedings alleging money laundering exceeding $35 million and engaging in specialized financial activities without ... (full story)
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I would like to thank the Massachusetts Bankers Association for the invitation to meet with you today.1 One of the most enjoyable and informative aspects of my role is the time I spend with bankers, listening to issues that are important to you and that affect you and your customers. Banks play a key role in supporting economic growth and lending to serve their customers and communities, which is an indispensable role in the U.S. economy. Conversations such as ours today help inform my work at the Federal Reserve Board—for my understanding of both the broader U.S. economy and the banking regulatory and supervisory environment. Before our conversation, I would like to briefly touch on the economy and monetary policy. Over the past two years, the Federal Open Market Committee (FOMC) has significantly tightened the stance of monetary policy to address high inflation. At our meeting earlier this week, the FOMC voted to continue to hold the federal funds rate target range at 5-1/4 to 5‑1/2 percent and to continue to reduce the Federal Reserve's securities holdings. post: <=USD>:*BOWMAN: STILL SEE A NUMBER OF UPSIDE INFLATION RISKS *BOWMAN: STILL EXPECT INFLATION WILL FALL WITH RATES HELD STEADY *BOWMAN: DATA SUGGESTS LOWER INFLATION IN LATE '23 WAS TEMPORARY *BOWMAN: WILL MONITOR DATA TO SEE IF SUFFICIENTLY RESTRICTIVE post: Fed’s Bowman Says She Will Remain Cautious in Her Approach to Deciding Future Changes to Policy Stance Fed’s Bowman: Recent Inflation Pickup Evident Across Many Goods and Service Categories Fed’s Bowman Expects Inflation to Remain Elevated for Some Time post: FED'S BOWMAN: THERE IS ALSO RISK OF LOOSENING FINANCIAL CONDITIONS, FISCAL STIMULUS COULD JUICE DEMAND, STALLING AND EVEN REVERSING INFLATION PROGRESS. post: FED'S BOWMAN: THE RISK IS HIGH, THAT CONSUMER DEMAND, MORE IMMIGRATION AND TIGHT LABOR MARKET COULD LEAD TO PERSISTENTLY HIGH CORE SERVICES INFLATION.
A former Societe Generale trader who was fired for unauthorized risky bets has lambasted the French bank for making him a “scapegoat” and failing to take its share of ...
Total nonfarm payroll employment increased by 175,000 in April, and the unemployment rate changed little at 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job ...
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Economic activity in the services sector contracted in April for the first time since December 2022, ending a period of 15 consecutive months of growth, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The Services PMI® registered 49.4 percent; it indicated sector expansion in 45 of the previous 47 months. The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management® (ISM®) Services Business Survey Committee: "In April, the Services PMI® registered 49.4 percent, 2 percentage points lower than March's reading of 51.4 percent. The composite index indicated contraction in April after 15 consecutive months of growth since a reading of 49 percent in December 2022, the first contraction since May 2020 (45.4 percent). The Business Activity Index registered 50.9 percent in April, which is 6.5 percentage points lower than the 57.4 percent recorded in March. The New Orders Index ex post: US ISM Services Index Apr: 49.4 (est 52.0; prev 51.4) - Prices Paid: 59.2 (est 55.0; prev 53.4) - Employment: 49.5 (est 49.0; prev 48.5) - New Orders: 52.2 (est 54.5; prev 54.4)
So maybe Fed Chair Powell did get an early look at the jobs report given his dovish leaning press conference on Wednesday. Non-farm payrolls rose 175k in April versus the 240k ...
post: Fed’s Goolsbee: 175,000 New Jobs is a Very Solid Report - Bloomberg TV post: *GOOLSBEE: NEED TO TAKE A STEP BACK, SEE WHAT INFLATION BUMP IS post: Goolsbee: Hit a Bump on Inflation at the Start of the Year post: Goolsbee: the More Jobs Report That Look Like They Did Pre-Covid the More Confidence There’s That the Economy is Not Overheating post: *GOOLSBEE: DON'T WANT TO COMMIT TO TYING OUR HANDS ABOUT RATES
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- Posted: May 3, 2024 9:51am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 124