Key Events in the Week Ahead 15-21 May 2023
This week investors focus will be on the US retail sales for April which will be released on Tuesday. The industrial production figures will also be released on Tuesday.
Morgan Stanley Wealth Management Pulse Survey Reveals Investors Bullish on AI as Financial Advisor Tool
Wide majority believe AI will be an investing and trading game changer and will help Financial Advisors better serve clients. Most also believe AI will never take the place of human advice
CFTC Orders Goldman Sachs (GS) to Pay $15,000,000 for Violations of Swap Business Conduct Standards
The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against Goldman Sachs & Co. LLC (Goldman) for violations of the CFTC’s Business Conduct Standards applicable to swap dealers
SEC Charges Crypto Trading Platform Beaxy and its Executives for Operating an Unregistered Exchange, Broker, and Clearing Agency
The Securities and Exchange Commission today charged the crypto asset trading platform beaxy.com (the Beaxy Platform) and its executives for failing to register as a national securities exchange, broker, and clearing agency.
Palantir (PLTR) Awarded AUSTRAC Renewal to Support Financial Criminal Investigations
Palantir Technologies Inc. (PLTR) announced that the Australian Transaction Reports and Analysis Centre (AUSTRAC) renewed its partnership for the ongoing delivery of an intelligence data analysis platform to support the AUSTRAC mission
Block’s (SQ) Response to Inaccurate Short Seller Report
We intend to work with the SEC and explore legal action against Hindenburg Research for the factually inaccurate and misleading report they shared about our Cash App business today.
SEC Charges Crypto Entrepreneur Justin Sun (TRON) and his Companies for Fraud and Other Securities Law Violations
The Securities and Exchange Commission today announced charges against crypto asset entrepreneur Justin Sun and three of his wholly-owned companies, Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc. (formerly BitTorrent), for the unregistered offer and sale of crypto asset securities
NVIDIA (NVDA) and Google (GOOGL) Cloud Deliver Powerful New Generative AI Platform, Built on the New L4 GPU and Vertex AI
NVIDIA today announced Google Cloud is integrating the newly launched L4 GPU and Vertex AI to accelerate the work of companies building a rapidly expanding number of generative AI applications.
JPMorgan is Ending its Banking Relationship with Gemini Crypto Exchange
JPMorgan Chase & Co (JPM) according to reports is ending its banking relationship with cryptocurrency exchange Gemini.
Bank of Canada (BoC) maintains policy rate, continues quantitative tightening
The Bank of Canada today held its target for the overnight rate at 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening.
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