Mr. Trump said digital currencies are critical to the U.S. maintaining its economic dominance, warning that if America doesn’ t innovate, it could lose out to China and other countries investing in the cryptocurrency market. Among those confirmed to be in attendance included Ripple CEO Brad Garlinghouse, Coinbase CEO Brian Armstrong, Intercontinental…
Economic News
Wall Street investors now expect the Fed to remain on hold at its next meeting in September and potentially lift rates in December, though that outlook could change. New Fed chair Kevin Warsh also unnerved Wall Street investors last month by providing little guidance at a July 29 news conference on what the Fed' s next steps might be, threatening the Fed' s…
On August 18, 2026, the Securities and Exchange Commission charged Daniel Chu, Jerome Kollar, and Ameryn Seibold, the former CEO, CFO, and Senior Director of Finance, respectively, at Texas- based Tricolor Holdings LLC, for their roles in an alleged multi-year scheme to defraud investors by double pledging hundreds of millions of dollars of subprime auto loans to…
A sprawling, highly automated warehouse on Northwest Drive in Plainville that was supposed to supply Stop& Shop supermarkets across Connecticut with frozen food products has been closed and will be sold, according to federal filings made by the facility's owner. Atlanta- based Americold Realty Trust said in a pair of Securities and Exchange Commission…
While the SEC seeks to simplify market structure, additional analysis is needed to determine whether the proposal would improve market outcomes or create unintended consequences for investors, market quality, and the broader regulatory framework. "The alternative asset management industry supports SEC efforts to improve efficiency and reduce…
BOSTON FED PUBLISHES NEW DATA SERIES THAT GIVES MORE FREQUENT INSIGHTS INTO ECONOMIC GROWTH BY STATE
The following information was released by the Federal Reserve Bank of Boston:. The Federal Reserve Bank of Boston has begun publishing a new data series that combines indexes that track weekly economic developments in each of the 50 U.S. states. Boston Fed Principal Economist and Policy Advisor Danilo Leiva-Len is coauthor of Tracking Weekly State-level…
According to news originating from Metropolitan Autonomous University by NewsRx correspondents, research stated,“ The proliferation of new forms of digital money, from cryptocurrencies and stablecoins to central bank digital currencies, has called into question established categories in monetary thought and returned the old question of what money is…
2026 AUG 17– By a News Reporter-Staff News Editor at Economics Daily Report– Current study results on Investment have been published. According to news reporting out of Washington, District of Columbia, by NewsRx editors, the research stated,“ While the Phillips curve appeared quiescent after the Great Financial Crisis, inflation risk, as gauged from option…
2026 AUG 17– By a News Reporter-Staff News Editor at Economics Daily Report– Investigators publish new report on Investment. We estimate a VAR on U.S. time series using forecast data from the SPF, CBO, Federal Reserve, and asset prices. In our news-surprise decomposition, we find that news drives around one quarter of U.S. business cycle volatility.
The United States has grappled with elevated inflation for about five years, straining household budgets and keeping policymakers under pressure. Beth Hammack, president and chief executive of the Federal Reserve Bank of Cleveland and a voting member of the Federal Open Market Committee, told Dayton business leaders Thursday, Aug. 13, that recent reports…
HUNTINGTON— Huntington Federal Savings Bank promoted two employees, effective July 1. Agee earned a bachelor of science degree in business economics from High Point University in North Carolina and a master of business administration from Marshall University. He serves on the board of trustees and as secretary of the Huntington Museum of Art.
The exemption had been expected to drop as soon as last Friday, but the SEC canceled the open meeting where it was set to be discussed, industry sources told CoinDesk. Two forces combined to slow the SEC down. SEC staff have also grown increasingly focused on whether the agency has the legal authority to issue such sweeping relief, including whether it completed…
A sprawling, highly automated warehouse on Northwest Drive in Plainville that was supposed to supply Stop& Shop supermarkets across Connecticut with frozen food products has been closed and will be sold, according to federal filings made by the facility's owner. Atlanta- based Americold Realty Trust said in a pair of Securities and Exchange Commission…
2026 AUG 14– By a News Reporter-Staff News Editor at Mergers& Acquisitions Daily News– Banco Santander, S.A. and Webster Financial Corporation announced that they have received the required approval from the Board of Governors of the Federal Reserve System for Santander’ s previously announced acquisition of Webster, the holding company for Webster Bank, N.A., a…
2026 AUG 14– By a News Reporter-Staff News Editor at Health Policy and Law Daily– Fresh data on Machine Learning are presented in a new report. Financial support for this research came from Carnegie Mellon University. The news reporters obtained a quote from the research from the Federal Reserve Bank of Philadelphia,“ Using credit bureau data and ML, we show that…
2026 AUG 14– By a News Reporter-Staff News Editor at CDC& FDA Daily– Investigators publish new report on CDC and FDA. For more information on this research see: Current Expected Credit Losses Implementation and Model Risk In Uncertain Times: an Application To Consumer Finance. Journal of Credit Risk, 2026; 22: 35-79. Journal of Credit Risk can be contacted at:…
"By acquiring BNC, OppFi would unlock the benefits of the bank's national bank charter for the purposes of expanding its predatory lending strategies to the national stage, side-stepping the interest rate caps of 45 states." OppFi charges up to 195% APR on personal installment loans OppFi's charge-off rates exceed 55%. Notably, a 2021 filed by the D.C. Office of…
Orvin T. Kimbrough, chairman CEO of Midwest BankCentre, likes to call himself an“ accidental banker.”. He was named chief executive of Midwest BankCentre, the second-largest privately held community bank in the St. Louis region, in 2019 after almost two decades in the nonprofit world. Since 2023 Kimbrough has served on the Community Depository Institutions…
The United States has grappled with elevated inflation for about five years, straining household budgets and keeping policymakers under pressure. Beth Hammack, president and chief executive of the Federal Reserve Bank of Cleveland and a voting member of the Federal Open Market Committee, told Dayton business leaders Thursday, Aug. 13, that recent reports…
