Singapore Markets closed
BANKS

DBS CEO says tough for digital banks to muscle into Singapore

SPDR S&P 500 ETF Trust (S27.SI)

SES - SES Delayed Price. Currency in USD
Add to watchlist
459.07+5.07 (+1.12%)
At close: 04:58PM SGT
Sign in to post a message.
  • R
    Rocco
    READ THIS IMO
    The Banking Exchange is an information resource for bankers that brings a deep background of banking knowledge and contacts.

    They bring together a team of reporters, bloggers, and editors who have been immersed in banking trends and developments for three-plus decades. US agencies issue crypto-asset roadmap to provide ‘greater clarity’ to banking sector.

    Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation and the OCC

    12/01/2021 - 15:15|Written by Banking Exchange staff

    US federal bank regulatory agencies have published a roadmap of future work related to crypto-assets, following a series of interagency “policy sprints” that focused on crypto-asset-related activities.

    The Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency (OCC) conducted the crypto-asset policy sprint initiative in recognition that the emerging crypto-asset sector presents “potential opportunities and risks for banking organizations, their customers, and the overall financial system”.
  • R
    Rocco
    -- FYI -- LUNCH TIME
    NEW YORK, Dec 1 (Reuters) - U.S. wages are rising as the economy continues to rebound from the blow dealt by the coronavirus pandemic, but the increases are not happening at a pace that could spark higher inflation, Federal Reserve Chair Jerome Powell said on Wednesday.

    "We have seen wages moving up significantly," Powell said during a hearing before the U.S. House of Representatives Financial Services Committee. "We don’t see them moving up at a troubling rate that would tend to spark higher inflation, but that’s something we’re watching very carefully."

    Powell also said the U.S. economic recovery is stronger than those of other major economies, thanks in part to more robust fiscal support. But with millions of Americans still out of work, officials at the U.S. central bank need to balance their mandate for achieving maximum employment with their price stability goal, Powell said.

    "We have to balance those two goals when they are in tension, as they are right now," Powell said. "But I assure you we will use our tools to make sure that this high inflation we are experiencing does not become entrenched."
  • B
    Brandon
    Powell admits inflation no longer transitory. Inflation is 7% and the 10 year trades at 1.5%. This is so sad for all of our country. Obviously the way forward is to arrange a society based on personal freedom, law and order, hard work, savings, family, while doing away with bailouts and money printing and covering up for every failure. However, I don't think anyone in any kind of leadership position is interested in doing that.
  • H
    Henry II
    Two days of selling exceeding 133M shares, in the top 5 heaviest volume days of the year, but somehow there’s a bid the very moment the closing bell rings.
  • B
    BobDole
    Don't worry, $PFE COVID pill (and future ones) doesn't matter what the variant is because the pill doesn't target the mutating spike proteins but instead prevents the coronavirus family from using a critical enzyme to replicate, thus preventing the virus from replicating. In fact, it works for other coronaviruses that cause the common cold too so this pill, future pills, and updated vaccine boosters will be the way, the only way, to keep this virus in check.
  • R
    Rocco
    Just 6 months ago the main fuel supply line to the U.S. East Coast was shut down indefinitely after the pipeline's operator suffered what was believed to be the largest successful cyberattack on oil infrastructure in the country's history.

    Then whoops, $62 a barrel for crude to $85 in 6 months, and now the crude oil futures drop right back to that level in 17 session. Guess WHY?
  • H
    Henry II
    If the stock market is rock solid, why is everyone so deathly afraid of a correction?

    If you’re a long-term bull, why not welcome a 20% pullback to add to your holdings.

    The reason is because most bulls have nagging feeling this is all too good to be true, and if the market pulls back the entire house of cards will come down.

    This is a market held up by fear. Not fear of missing out, fear of being found out.
  • R
    Rocco
    @Henery II Look at the one day SPY chart, 1 minute plots. You will see that SPY opened at $450.73, then corrected further to just above yesterday's session low. This this info was announced.

    Embargoed Until 9:30 AM December 02, 2021
    TREASURY OFFERING ANNOUNCEMENT
    Term and Type of Security 19-Year 11-Month 2% Bond
    (Reopening)
    Offering Amount $25,000,000
    Currently Outstanding $24,895,000,000
    CUSIP Number 912810TC2
    Auction Date December 02, 2021
    Original Issue Date November 30, 2021
  • R
    Rocco
    SPY Dec 3, 2021 450.00 put volume
    Fact, not opinion
  • S
    Scott
    The Average S&P Stock is still at 35 P/E..........I wouldn't touch any of them until they hit 15 p/e's.........
    This Market is still.........WAY OVERVALUED......on any metric or reasonable price........EXPECT 50-65% CRASH back to Reality.......SMITH BARNEY......"We Earn it", "we don't get it handed to us"
  • S
    Scott
    10% Inflation is 10% lower than Real Inflation.........more like 20% for the average person. Inflation Expectations is a Very Dangerous Game.........PRICES GO UP and everyone begins to expect higher prices on top of higher prices........in the 1970's .......you'd drive by gas stations and the prices would change every morning. and then again in the middle of the day.!!
  • S
    Scott
    EURO DOLLAR FUTURES INVERT..........lol....... this happened......Dec. 2006 , 8 month later HOUSING COLLAPSE STARTS.......then in Dec. 2018.......and Powell Panics and reversed course of rate hikes.
  • T
    Tony
    Let me guess, Moderna said their vaccine is less effective against new variant -> market down. And then Pfizer will say their vaccine and pills are effective against it -> market up. Lets play roller coaster lol
  • D
    DUNRUNNIN
    From CNBC:
    "Shares of Signet Jewelers rose after the jeweler reported fiscal third-quarter results ahead of analysts’ expectations.
    The company hiked its outlook for the year.
    Amid ongoing global supply chain issues, Signet CEO Virginia Drosos said the company secured its holiday merchandise early this year and expects no significant disruptions."
  • J
    Jim
    AAPL...an attempt to prop the market with only one stock? This is the largest market cap and number on stock in cornered alpine horn ports....LOL.
  • H
    Henry II
    Wow…all this excitement over, *checks notes 🧐, nothing!

    😂 there is literally nothing that has changed over the weekend.

    The futures are up because they were down. That’s it!

    🤣
  • J
    James
    Eventually this will all come down. How much upside to people really think there is at these levels before a major correction?
  • J
    Jim
    GOP Senators to block the funding bill over a so called 'Vaccine Mandate'....the courts are already defeating that anyways now.....LOL.
  • b
    bud|dick|man
    D-E-A D- Marcus Lamb, a co-founder and the CEO of the conservative Christian Daystar Television Network who vocally opposed Covid-19 vaccines, has died at 64, weeks after he contracted Covid-19, the network said. “It's with a heavy heart we announce that Marcus Lamb, president and founder of Daystar Television Network, went home to be with the Lord this morning," the network said a tweet Tuesday. "The family asks that their privacy be respected as they grieve this difficult loss. Please continue to lift them up in prayer."
  • J
    Jaybo
    Back to bleaching the groceries?