Members of the high net-worth membership network TIGER21 hold the majority of their wealth in assets other than public equities, data from the organization suggests. About 25% of TIGER21 member assets are in publicly-traded equities. The plurality of assets (27%) are held in real estate, whereas private equities and cash/cash equivalents make up 22% and 14% of the asset pool, respectively. “Our members are invested in technology stocks because of their scalability and increasingly in ETFs so… Source link
Read More »Fed Chair Powell calls for ‘appropriate regulatory framework’ of stablecoins
Federal Reserve Chairman Jerome Powell told Congress this week that he would like to see a corner of digital currencies more tightly regulated. “If [stablecoins] are going to be a significant part of the payments universe — which we don’t think crypto assets will be, but stablecoins might be — then we need an appropriate regulatory framework, which frankly we don’t have,” Powell told the House Financial Services Committee on Wednesday. To get around the stigma of cryptocurrencies being… Source link
Read More »Federal Reserve Vice Chair Richard Clarida speaks with Yahoo Finance [Transcript]
Richard Clarida, vice chair of the Federal Reserve Board of Governors, spoke with Yahoo Finance to discuss inflation risks and what lies ahead for Fed policy. Below is a transcript of his appearance on May 25, 2021. – BRIAN CHEUNG: Joining us here on Yahoo Finance in an exclusive is Vice Chairman of the Federal Reserve Board that’s Richard Clarida. Thank you so much for joining us this afternoon. I wanted to ask you just kicking things off we’re going to get an interesting print on inflation… Source link
Read More »US needs to take leadership on central bank digital currencies: former CFTC chair
A former financial regulator says the United States needs to step up its research into a central bank-issued digital currency, as the Federal Reserve explores the viability of a digital dollar. Christopher Giancarlo, who ran the Commodity Futures Trading Commission (CFTC) as its chairman from 2017 to 2019, is working with consulting firm Accenture on pilot programs that will test different use cases for a digital dollar in the United States. “What’s not being done, and what needs to be… Source link
Read More »‘I wish’ FTC had sued Google in 2013, Biden’s acting chair says
“It’s incumbent on the FTC to bring hard cases in all areas, not just in tech, not just in platforms,” she said. “We need to go back and take a look at our past analysis, figure out where our analytical tools are lacking, where our predictions were wrong and what we need to do better going forward.” In an earlier part of her testimony, Slaughter said: “It is clear we have a deterrence problem.” Not so fast: Republican FTC Commissioner Noah Phillips declined to weigh in on whether the… Source link
Read More »InterPrivate II Acquisition Corp. Elects former Yahoo! President Susan Decker, Venture Capitalist Jeffrey Harris and ex-Citi Private Bank Chair Tracey Brophy Warson as Independent Directors
NEW YORK, March 16, 2021 /PRNewswire/ — InterPrivate II Acquisition Corp. (NYSE: IPVA.U) (NYSE: IPVA) (NYSE: IPVA WS) (the “Company”) announced today that Susan L. Decker, Jeffrey Harris and Tracey Brophy Warson were appointed to the board of directors of the Company (the “Board”) on March 4, 2021, in connection with the Company’s initial public offering. Ms. Decker, Mr. Harris, and Ms. Warson are independent directors. InterPrivate II Acquisition Corp. is led by Chairman and CEO
Read More »Former Fed Chair Janet Yellen reportedly Biden pick for Treasury Secretary – Yahoo! Voices
TipRanks 3 Monster Growth Stocks That Still Have Room to Run Investors are in the market to make a profit, and that means finding the stocks with proven growth potential. Yes, it’s a cliché to remind everyone that past performance does not guarantee future results, but when a stock consistently shows strong share appreciation, over an extended period, it’s a positive sign for investors.With more than ten months behind us, the stocks that are now showing a combination of strong gains and a… Source link
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