Tag: wsjfinance

  • Coinbase Ex-Executive Convicted Of Insider Trading Is Crypto’s Latest Legal Hope

    Ishan Wahi, a former executive at Coinbase, pleaded guilty this year to giving trading tips to his brother and a college friend that generated nearly $1.5 million in illegal profits. As an Indian immigrant, he could serve more than three years in prison and be deported over time. But Mr. Wahi is still fighting the […]

  • How options – hedging the volatility of turbocharged oil

    The economic fear gripping Wall Street has led to excessive swings in oil prices, exacerbated by trades that investors and analysts believe have little to do with the fundamental value of crude oil. One culprit is a mysterious area of ‚Äč‚Äčtrading known on Wall Street as delta hedging, aimed at reducing the risks associated with […]

  • Crypto faces legal reckoning as SEC prepares action against Coinbase

    The SEC has informed Coinbase that it plans to sue the company for allegedly violating a series of investor protection laws, the company said this week. An eventual SEC lawsuit against the largest US crypto exchange could help determine the future shape of exchanging dollars for digital tokens such as bitcoin, ether or polkadot. It […]

  • Companies whose deposits in Silicon Valley Bank have just been released

    Updated March 12, 2023 at 7:07 PM ET When Silicon Valley Bank collapsed after a run on deposits, many of its clients rushed for compensation after being cut off. Companies that disclosed how much money they had in the bank when it went bankrupt are listed below. Shares of Roku fell on March 10 after […]

  • Stocks extend weekly losses after job data, bank collapse

    The government said on Friday that US hiring grew solidly but cooled off in February as employers added 311,000 jobs, more than economists polled by The Wall Street Journal had expected. Unemployment rose slightly to 3.6%, still historically low. Meanwhile, regulators closed Silicon Valley Bank after a run on deposits thwarted the tech-focused lender’s plans […]

  • 10-year Treasury yields top 4% for first time since November

    Continued inflation and fears of an extended period of higher interest rates lifted 10-year Treasury yields above 4% on Wednesday, up from levels reached last year for the first time in more than a decade. The move marks the latest twist in a record price fall in the bond market. The most recent leg was […]

  • How FTX’s Nishad Singh, Once an Honors Student, Turned to Cryptocrime

    Nishad Singh followed Sam Bankman-Fried into the high-stakes world of cryptocurrency trading. Now he could help put the former FTX executive in jail. Mr Singh, the 27-year-old former technical director at FTX, this week pleaded guilty to six felonies, including wire fraud. He agreed to cooperate with the government’s investigation into the collapse of FTX. […]

  • Goldman is considering downsizing its consumer business

    Goldman Sachs is exploring alternatives as it works to make specialty lender GreenSky and its credit card partnerships profitable. Photo: Lucas Jackson/REUTERS Updated February 28, 2023 at 9:03 AM ET Goldman Sachs group Inc. GS -0.41% Chief Executive David Solomon said Tuesday that the bank is “considering strategic alternatives” for its consumer platform business, including […]

  • Shares drop Friday to close out the worst week of 2023

    US stocks pulled back on Friday, posting their worst weekly performance of the year as hot economic data reignited concerns about the Federal Reserve’s restrictive policies. The S&P 500 fell 42.28 points, or 1.1%, to 3970.04. The tech-heavy Nasdaq Composite fell 195.46 points, or 1.7%, to 11394.94. The blue-chip Dow Jones Industrial Average lost 336.99 […]

  • Crypto Giant Binance expects to pay fines to solve US investigations

    Binance, the world’s largest cryptocurrency exchange, expects to pay fines to settle existing U.S. regulatory and law enforcement investigations of its company, the company’s chief strategy officer said in an interview. Binance grew rapidly and started out as a company driven by software engineers unfamiliar with laws and regulations written to address the risk of […]