Last year, as the gravity of the threat of the pandemic became clear, the major central banks – which still had QE programs running – expanded them aggressively in tandem with unprecedented levels of fiscal stimulus from their governments in response to what was a more conventional threat of a […]
Finance & Money
Community Heritage Financial, Inc. Reports Earnings for the Second Quarter of 2021
MIDDLETOWN, Md., July 19, 2021 /PRNewswire/ — Community Heritage Financial, Inc. (“the Company”) (OTC Pink: CMHF), the parent company for Middletown Valley Bank (“MVB” or the “Bank”) and Millennium Financial Group, Inc. (“Mlend”), announced today that for the period ending June 30, 2021 the Company earned year to date net […]
A new phase in the financial cycle
Jun 24th 2021 GROWING UP IS hard to do but growing old is harder. As the business cycle matures and ages, it goes through phases, just as people do. These are mirrored in financial markets. Strategists like to talk in terms of early-, mid- or late-cycle investing. It is tricky […]
Investors Bid up Visa Inc (NYSE:V) as They Expect Further Market-beating Growth
This article was originally published on Simply Wall St News. Adapting to the latest trends, Visa recently announced that customers spent over US$1b through cryptocurrency payments in the first half of this year, partnering with 50 platforms that offer digital currencies to 70 million merchants worldwide. With a price-to-earnings (or […]
Deutsche Bank’s US recovery poised to continue even as trading normalizes
Deutsche Bank AG’s operations in the Americas, particularly in the U.S., are expected to continue on an upward trajectory in the year ahead, even as markets normalize and political and regulatory scrutiny persists, analysts said. The German lender is in the midst of a massive restructuring that seeks to scale […]
Post from Community: UW Credit Union reduces all overdraft fees to $5
(Photo provided by UW Credit Union) Editor’s note: Posts from the Community is the place for community announcements and event postings. If you have a community-oriented event you feel our readers would be interested in, please submit here. Effective today, UW Credit Union will cut its overdraft (OD) and nonsufficient […]
BlackRock (BLK) Q2 2021 Earnings Call Transcript
Image source: The Motley Fool. BlackRock (NYSE:BLK)Q2 2021 Earnings CallJul 14, 2021, 8:30 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good morning. My name is Geronne, and I will be your conference facilitator today. At this time, I would like to welcome everyone to the BlackRock, […]
Bitcoin, crypto ‘poster child’ of speculative, ‘funny money’ market
Billionaire bond investor Jeffrey Gundlach called Bitcoin and cryptocurrencies are the “poster child” for speculation in a market with frothy valuations. The increasingly hot sector has had a rough couple of days, after Elon Musk sent Bitcoin (BTC) reeling on Wednesday. In a surprise move, the billionaire founder of Tesla […]
What You Need to Know
stacks of coins with charts Getty Images Vanguard money market funds don’t get a lot of love from the investment community, nor do they receive much attention in financial media. Money market funds aren’t exactly a scintillating topic, nor a breathtaking investment. They’re effectively an investment vault – a place […]
As policymakers set ambitious targets, bankers eye green hydrogen cautiously
An electrolyzer at RWE’s Ibbenbüren power-to-gas plant. While project pipelines across Europe are swelling, the financial sector is still gauging the risks of the emerging green hydrogen economy.Source: ITM Power Project finance banks have long been key players in the renewable energy transition, providing low-cost funding for the expansion of […]
U.S. investors flee to money market funds in the week ended May 19-Lipper
May 21 (Reuters) – U.S. money market funds lured massive inflows in the week ended May 19 as investors turned risk averse on concerns over higher inflation levels and chances that the Federal Reserve might scale back its monetary support measures. Refinitiv Lipper showed U.S. money market funds received a […]
Jack Ma’s Ant shrinks money market fund as Beijing cracks down
Ant Group’s money market fund has shrunk to a more than four-year low as users shifted their cash in the face of China’s crackdown on Jack Ma’s payments group. Funds invested in Ant’s flagship Yu’e Bao fund fell 18 per cent in the first three months of the year to […]
Veritex Holdings, Inc. (NASDAQ:VBTX) Short Interest Update
Veritex Holdings, Inc. (NASDAQ:VBTX) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 763,300 shares, an increase of 18.8% from the May 31st total of 642,600 shares. Currently, 1.6% of the company’s stock are short […]
US money market funds struggle as short-term rates near negative territory
A sector of the US finance industry that looks after $4tn of savings for individuals and businesses has come under severe strain as US markets flirt with negative interest rates. Money market funds investing in short-term government debt have taken in hundreds of billions of dollars of new money from […]
Piper Sandler Weighs in on SVB Financial Group’s Q3 2021 Earnings (NASDAQ:SIVB)
SVB Financial Group (NASDAQ:SIVB) – Equities researchers at Piper Sandler raised their Q3 2021 EPS estimates for shares of SVB Financial Group in a note issued to investors on Thursday, July 1st. Piper Sandler analyst A. Liesch now forecasts that the bank will earn $5.98 per share for the quarter, […]