The U.S. Securities and Exchange Commission has pushed for bitcoin exchange-traded funds to be fundamentally different from large equity funds, and the impact of that decision on how the funds will be traded remains to be seen. Bitcoin funds, which launched on Thursday, use a share buyback process that turns the underlying crypto into cash. … Read more
U.S. President Joe Biden speaks at Montgomery County Community College on January 5, 2024 in Blue Bell, Pennsylvania. Almond Ngan | AFP | Getty Images The Biden administration announced Friday that it will soon begin forgiving student loans for borrowers who have made payments for a decade or more and initially took out $12,000 or … Read more
Jane Fraser CEO, Citi, speaks at the Milken Institute 2023 Global Conference in Beverly Hills, California, on May 1, 2023. Mike Blake | Reuters Citigroup warned investors late Wednesday that the charges associated with the drop in the Argentine peso as well as the bank’s reorganization were much higher than the company’s chief financial officer … Read more