December 16, 2021

Why You Should Care About The Build Back Better Act https://ift.tt/3F2CdYF The US government may give a tremendous Christmas gift to working families across America: by Christmas, the Senate intends to vote on HR 5376, better known as the Build Back Better Act. While many of the bill’s original features, like community college for all,

Reddit is—finally—going public https://ift.tt/3yzIbxv This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers. Sign up to get it delivered free to your inbox. It’s official. Reddit announced yesterday that it had confidentially filed for an IPO with the SEC, meaning that the messaging network behind r/WallStreetBets is finally

TPG joins the wave of private equity firms going public https://ift.tt/33Bmp1a The firm with $109bn in assets under management has planned listing for a decade Financial Services via Financial Times – Private equity https://ift.tt/2ELT8Tl December 16, 2021 at 11:15AM

Trip.com Beats Expectations, Alibaba Investor Day Kicks Off As Hong Kong & China Stabilize https://ift.tt/3yyqOgF China Last Night KraneShares Key News Asian equities followed the US equity market higher after the Fed’s announcement of three hikes in 2022 yesterday. Mainland news was positive as PBOC head Yi Gang spoke to policy support while the post

FinCEN seeks comments on modernisation of US financial crime controls https://ift.tt/3s7ViFa Source: FinCEN Today, FinCEN is issuing a request for information (RFI) seeking comments on ways to streamline, modernize, and update the anti-money laundering and countering the financing of terrorism (AML/CFT) regime of the United States. FinCEN is particularly interested in comments on ways to

ViewTrade to provide trading in US stocks to Peru’s largest retail broker-dealer https://ift.tt/3q0bkhx Source: ViewTrade ViewTrade Holding Corp. (“ViewTrade”) announced its partnership with Seminario y Cia Sociedad Agente de Bolsa S.A. (“Seminario”), the largest independently owned retail broker-dealer in Peru. The integration with innovative fintech solutions provider ViewTrade is now enabling Seminario’s customers to invest

Banque de France demos ledger interoperability in CBDC trials https://ift.tt/3yzvMtO The Banque de France has completed the last of its interbank settlement in CBDC experiments, demonstrating the possibility of direct ledger interoperability in a hybrid cloud environment across multiple technologies and asset classes. Launched in March 2020, the French central bank has been at the

November Housing Starts: Most Housing Units Under Construction Since 1973 https://ift.tt/3m5cjMr Today, in the Real Estate Newsletter: November Housing Starts: Most Housing Units Under Construction Since 1973 Excerpt: The fourth graph shows housing starts under construction, Seasonally Adjusted (SA). Red is single family units. Currently there are 752 thousand single family units under construction (SA).

Odey’s Courtenay: The SPARC Conversion Of Bill Ackman’s SPAC Is A Wise Move https://ift.tt/3E1jlI0 Special purpose acquisition companies (SPACs) have gotten a lot of attention this year. They skyrocketed in popularity due to the ease they offer to private companies that want to go public but can’t complete a traditional initial public offering. Bill Ackman,

Why Less Liquidity Means More Volatility In 2022 https://ift.tt/3yzmIEV Volatility Ahead Caution Sign – Blue Sky Background getty The asset price “fuel” that our Federal Reserve has provided since March 2020 is going away soon. This will likely lead to continued volatility and a challenging backdrop for stocks-at-large. Periodic “flights to safety” could benefit secure

JCB and DataChain explore potential for digital currency exchange platform https://ift.tt/3maVsYC Source: JCB JCB Co., Ltd., Japan’s only international payment brand, and Datachain has started a demonstration experiment on interoperability between different blockchains(*1) to build a “digital currency exchange platform”. In the near future, various digital currency and circulation platforms are expected to be launched,

Industrial Production Increased 0.5 Percent in November https://ift.tt/3q17ghh From the Fed: Industrial Production and Capacity Utilization Industrial production rose 0.5 percent in November. The indexes for both manufacturing and mining increased 0.7 percent, while the index for utilities decreased 0.8 percent. At 102.3 percent of its 2017 average, total industrial production in November was 5.3

FCF Yield Increased In Five All Cap Index Sectors Through 3Q21 https://ift.tt/3H4Fmb9 A bunch of American dollars banknotes (1$), US, circa 1985. (Photo by Alfred Gescheidt/Getty Images) Getty Images This report is an abridged and free version of All Cap Index And Sectors: Free Cash Flow Yield Through 3Q21, one of my quarterly series on fundamental market

Meniga appoints Gunter Saurwein as COO https://ift.tt/3pYQ63S Source: Meniga Meniga, the global leader in digital banking solutions, today announces the appointment of Gunter Saurwein as new Chief Operating Officer, to drive growth and performance. Based out of Meniga’s Stockholm office, Gunter will be responsible for designing and implementing business operations, establishing policies that promote company

MoneyLion to acquire Even Financial for $440 million https://ift.tt/3mvFvMX Mobile banking platform MoneyLion is to buy embedded finance marketplace Even Financial for a total consideration of $440 million. Founded in 2014, Even digitally connects and matches consumers with real-time personalised financial product recommendations from banks, insurance, and fintech companies on mobile apps, websites, and other

Weekly Initial Unemployment Claims Increase to 206,000 https://ift.tt/3F25S4h The DOL reported: In the week ending December 11, the advance figure for seasonally adjusted initial claims was 206,000, an increase of 18,000 from the previous week’s revised level. The previous week’s level was revised up by 4,000 from 184,000 to 188,000. The 4-week moving average was

Housing Starts Increased to 1.679 million Annual Rate in November https://ift.tt/3F58bDv From the Census Bureau: Permits, Starts and Completions Housing Starts:Privately‐owned housing starts in November were at a seasonally adjusted annual rate of 1,679,000. This is 11.8 percent above the revised October estimate of 1,502,000 and is 8.3 percent above the November 2020 rate of