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CFTC, SEC Issue Investor Alert-Guidance warns of websites related to digital assets
April 26, 2019-- The Commodity Futures Trading Commission's (CFTC) Office of External Affairs (OEA) and the Security and Exchange Commission's (SEC) Office of Investor Education and Advocacy (OIEA) released, Watch Out for Fraudulent Digital Asset and "Crypto" Trading Websites, an Investor Alert this week to warn investors to scrutinize investment opportunities through websites purporting to operate advisory and trading businesses related to digital assets.
These websites often contain "red flags" of fraud including claims of high guaranteed returns and promises that the investments carry little or even no risk.
view the Investor Alert: Watch Out for Fraudulent Digital Asset and "Crypto" Trading Websites
Source: SEC.gov
Goldman jettisons all its commodity trading recommendations
April 26, 2019--US bank unveiled ten new trades and a fresh outlook on commodities.
Second time lucky? Sometimes, the market can confound even the best efforts of Goldman Sachs.
Four months into the year and the US bank's...
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Source: FT.com
CFTC.gov Commitments of Traders Reports Update
April 26, 2019--The current reports for the week of April 26, 2019 are now available.
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Source: CFTC.gov
State Street Global Advisors Announces Planned Change to SPDR(R) ETF Lineup
April 26, 2019---State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced plans to close and liquidate the SPDR(R) MSCI China A Shares IMI ETF (XINA) based on an ongoing review of the SPDR(R) ETF offering and listening to client feedback.
The final day for creations will be May 29, 2019. Trading of all shares will be suspended on the NYSE Arca at the open of market on May 30, 2019, and proceeds of the liquidation are scheduled to be sent to shareholders on or about June 6, 2019.
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Source: State Street Global Advisors
Blue Sky Asset Management, LLC Announces Fund Closure
April 26, 2019--Blue Sky Asset Management, LLC, announced today that the QuantX Risk Managed Growth ETF (CBOE:QXGG), QuantX Multi-Asset Total Return ETF (CBOE:QXTR) and the QuantX Dynamic Beta US Equity ETF (CBOE:XUSA) will close following a review of market demand.
The Northern Lights Fund Trust IV Board of Trustees approved the closing and subsequent liquidation of QXGG, QXTR and XUSA. Each fund’s last day of trading will be May 16th, 2019, which will also be the final day for creations or redemptions by authorized participants.
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Source: Blue Sky Asset Management, LLC,
BCSC takes on direct oversight of Canadian Securities Exchange
April 26, 2019--The British Columbia Securities Commission (BCSC) will join the Ontario Securities Commission in overseeing the Canadian Securities Exchange (CSE), bringing the BCSC's venture market focus to regulation of an exchange dominated by B.C.-based, early-stage companies.
The CSE has grown in the past few years, driven largely by cannabis listings, and now has about 500 companies trading shares on its platform. With the legalization of cannabis in Canada and in some U.S. states, CSE market capitalization has risen dramatically in the last two years.
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Source: British Columbia Securities Commission
Gross Domestic Product, First Quarter 2019 (Advance Estimate)
April 26, 2019--Real gross domestic product (GDP) increased at an annual rate of 3.2 percent in the first quarter of 2019 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2018, real GDP increased 2.2 percent.
The Bureau's first-quarter advance estimate released today is based on source data that are incomplete or subject to further revision by the source agency (see "Source Data for the Advance Estimate" on page 2). The "second" estimate for the first quarter, based on more complete data, will be released on May 30, 2019.
The increase in real GDP in the first quarter reflected positive contributions from personal consumption expenditures (PCE), private inventory investment, exports, state and local government spending, and nonresidential fixed investment. Imports, which are a subtraction in the calculation of GDP, decreased (table 2). These contributions were partly offset by a decrease in residential investment.
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Source: U.S. Bureau of Economic Analysis (BEA)
Lower expense ratios on 21 Vanguard ETFs means more savings for you
April 26, 2019--Take Vanguard ETFs(R). They give you the diversification of mutual funds with lower investment minimums and real-time pricing. As more people discover these benefits and invest in our ETFs (exchange-traded funds), we're able to realize new economies of scale.
This helps us to lower costs, and we pass along those savings directly to you.
Now we're passing along more savings to you in the form of lower expense ratios for 21 Vanguard ETFs, including our 2 largest: Vanguard S&P 500 ETF (VOO) and Vanguard Total Stock Market ETF (VTI). Better yet, if you're invested in any of these 21 funds, you're already reaping the rewards.
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Source: Vanguard
State Street Global Advisors Announces Planned Change to SPDR(R) ETF Lineup
April 26, 2019--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced plans to close and liquidate the SPDR(R) MSCI China A Shares IMI ETF (XINA) based on an ongoing review of the SPDR(R) ETF offering and listening to client feedback.
The final day for creations will be May 29, 2019.
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Source: State Street Global Advisors
Report on the Troubled Asset Relief Program-April 2019
April 25, 2019--CBO estimates that the net cost of the TARP will total $31 billion-$1 billion less than it estimated in March 2018 because of a decrease in projected disbursements for mortgage programs. Almost all of the TARP's transactions have been completed.
Summary:
In October 2008, the Emergency Economic Stabilization Act of 2008 (Division A of Public Law 110-343) established the Troubled Asset Relief Program (TARP) to enable the Department of the Treasury to promote stability in financial markets through the purchase and guarantee of "troubled assets." Section 202 of that legislation, as amended, requires annual reports from the Office of Management and Budget (OMB) on the costs of the program. The law also requires the Congressional Budget Office to submit its own reports within 45 days of the issuance of OMB's report each year. CBO's assessment must discuss three elements:
The costs of purchases and guarantees of troubled assets,
Information CBO collects and the valuation methods it uses to calculate those costs, and
The program’s effects on the federal budget deficit and debt.
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Source: Congressional Budget Office (CBO)
