Americas ETP News
If your looking for specific news, using the search function will narrow down the results
Fears grow that softer Volcker rule will stoke Wall Street risk
August 22, 2019--While Wall Street has long lobbied against the legislation, which it sees as imposing an unnecessary compliance burden, supporters of the original rule fear the overhaul is a step in the wrong direction.
view more
Source: FT.com
Minutes of the Federal Open Market Committee, July 30-31, 2019
August 21, 2019--The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on July 30-31- 2019.
August 20, 2019--Information received since the Federal Open Market Committee met in June indicates that the labor market remains strong and that economic activity has been rising at a moderate rate.
Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. Although growth of household spending has picked up from earlier in the year, growth of business fixed investment has been soft. On a 12-month basis, overall inflation and inflation for items other than food and energy are running below 2 percent. Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations are little changed.
view more
Source: federalreserve.gov
US farmers have high hopes for hemp crops
August 21, 2019--Demand for cannabidiol could see the market expand to $20bn in 5 years
Trade wars have crushed US grain sales. Tobacco is in terminal decline. However,, for farmers in Kentucky the future may lie in a crop of the...
However, for farmers in Kentucky the future may lie in a crop of the past: hemp. The fibrous plant once prized for rope and sailcloth is poised for a second life as a source of cannabidiol, or CBD, a substance added to everything from hamburgers to dog treats, which enthusiasts claim has therapeutic qualities.
view more
Source: FT.com
Mexico-Systematic Country Diagnostic
August 20, 2019--The development process in Mexico has been partly framed by a set of defining characteristics as well as by significant economic reforms during recent decades.
The country has established a strong track record of prudent macroeconomic policies. The Central Bank and the Ministry of Finance have delivered stable and sustainable monetary and fiscal policies, and garnered high credibility in international markets.
view more
Source: World Bank
First Trust Launches the First Trust EIP Carbon Impact ETF
August 20, 2019--August 20, 2019--An actively managed ETF that offers impactful investing with exposure to companies that may have a role in mitigating climate change.
First Trust Advisors L.P. ("First Trust") a leading exchange-traded fund ("ETF") provider and asset manager, announced today that it has launched the First Trust EIP Carbon Impact ETF (NYSE Arca: ECLN) (the "fund").
The fund is managed and sub-advised by Energy Income Partners, LLC ("EIP") and seeks to achieve a competitive risk-adjusted total return, balanced between dividends and capital appreciation, by investing in the equity securities of companies that currently have, or are seeking to have, a positive carbon impact.
view more
Source: First Trust
Stock whiplash spurs worst run of ETF withdrawals in 6 months
August 19, 2019--A volatile few months for global stock markets is taking its toll on exchange-traded funds.
Almost US$18 billion fled U.S.-listed equity ETFs during the past three weeks, the most since February, according to data compiled by Bloomberg Intelligence.
Investors pulled more than US$3.5 billion in the five days through Aug. 16, capping what was also the longest run of weekly withdrawals in six months.
view more
Source: Bloomberg
USCF Announces Fee Reduction On Their Exchange Traded Funds (Tickers: SDCI, BUY, BUYN)
August 16, 2019--USCF announced today that it implemented fee waivers for all three of its exchange-traded funds (ETFs) effective August 15, 2019: the USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI), the USCF SummerHaven SHPEI Index Fund (BUY) and the USCF SummerHaven SHPEN Index Fund (BUYN).
The fee waivers for the three ETFs will remain in effect until October 31, 2020 and may be renewed in the future with approval of the Board of Trustees of USCF ETF Trust.
SDCI is a broad commodity fund that uses the same index for its benchmark as the United States Commodity Index Fund (USCI).
view more
Source: USCF
Bakkt Says It's 'Cleared to Launch' Bitcoin Futures Next Month
August 16, 2019--Bakkt has been "cleared to launch."
The Intercontinental Exchange's young subsidiary announced Friday that it had acquired a New York state trust charter through the New York State Department of Financial Services (NYDFS).
The approval clears the way for the company to begin offering its highly-anticipated physically-settled bitcoin futures contracts. The company intends to launch its products on Sept. 23.
view more
Source: coindesk.com
U.S. regulators to drop accounting test in 'Volcker' rewrite: sources
August 13, 2019--U.S. regulators have circulated a new draft of the "Volcker Rule" that would further ease its requirements and scrap a proposed new test that had been met with fierce resistance from Wall Street, according to two people with knowledge of the matter.
view more
Source: Reuters
CBO-The 2019 Long-Term Budget Outlook in 23 Slides
July 12, 2019--Summary
Under current law, large budget deficits over the next 30 years are projected to drive federal debt held by the public to unprecedented levels—from 78 percent of gross domestic product (GDP) in 2019 to 144 percent by 2049.
That projection incorporates CBO's central estimates of various factors, such as productivity growth and interest rates on federal debt. CBO’s analysis indicates that even if values for those factors differed from the agency's projections, under current law, debt several decades from now would probably be much higher than it is today.
view more
Source: Congressional Budget Office (CBO)
