Central banking veterans Knot and de Cos in race to replace Lagarde at ECB

Amidst an uncertain geopolitical environment that rattled global markets, US mutual funds and exchange-traded funds piled into credit default swaps in the second quarter of the year. Index CDS positions among retail funds rose 7.3% to a record $185.2 billion in notional, led by investment-grade indexes in the US and Europe. Meanwhile, single-name CDS increased…

Born into a prosperous family in Vietnam, Kim-Ha Nguyen’s life changed dramatically when her family fled the country following the fall of Saigon. Arriving in the United States as a teenager with limited English, she watched her parents rebuild their lives through determination, sacrifice and an unwavering commitment to education. Those early experiences shaped the…

The variance-Hawkes process and its application to energy markets – Journal of Energy Markets Skip to main content End of drawer navigation content We define a new stochastic process using subordination called the variance-Hawkes process, allowing others to encode stochastic volatility, volatility clustering, and jump behaviour directly and tractably into their models. The generator, mean,…

Almost three years have passed since the SEC approved spot Bitcoin ETFs, bringing crypto and digital assets investing to a whole new audience. The asset class has evolved in that time, becoming a bigger and bigger part of investor and advisor plans. Finding the right approach to those assets, however, remains an important question, and…

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks are largely higher , with the Nasdaq up roughly 1% and the S & P 500 up about half that. Both indexes are coming off…

The question of which regulator can regulate Kalshi and Polymarket appears to be heading to the Supreme Court. But the real question that needs to be answered is, what exactly are these platforms? Entertainment, or investing? Processing Content Understanding the answer to that question is critical to banks being able to best serve the people…