A former Merrill Lynch advisor has settled SEC charges that he defrauded clients out of nearly $3 million through a non-existent private-equity fund.
Treas. Sec. Bessent questioned Fed policymakers’ judgment on interest rates, reiterating two-year Treasury yields are signal benchmark rate too high.
U.S. stock market completed a roller-coaster first half of the year at record-high levels but a host of factors could knock equities off their perch.
Tech billionaire Joe Lonsdale said he is investing in a new crypto-focused U.S. bank being launched by Anduril co-founder Palmer Luckey .