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SEC Secures Significant Victory in Lawsuit Against Cryptocurrency Exchange Coinbase

The Securities and Exchange Commission achieved a significant victory in its legal battle against Coinbase on Wednesday, as a judge ruled that the accusation...

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Goldman Sachs Foresees S&P 500 Soaring to 6,000 Amid Tech Boom

The S&P 500 index has achieved a remarkable milestone by surpassing the 5,200 mark, a target set by Goldman Sachs for the year's conclusion, and has landed at 5,234.18 points following a weekly gain of 2.29%. This significant surge can be largely attributed to the Federal Reserve's suggestion of potential interest rate reductions, with three anticipated cuts within the year. Surpassing the expectations of numerous brokerage firms, the index's performance mirrors a strong market sentiment fueled by positive economic indicators and the anticipation of monetary policy easing. Valuation Scenarios and AI Optimism Goldman Sachs, under the guidance of strategist David Kostin, has delineated various valuation scenarios for the S&P 500, encompassing a bullish projection potentially propelling the index to...

ECB Supervisor Urges Euro Zone Banks to Adapt Risk Management Amid Challenges

European Central Bank's top supervisor highlighted the need for eurozone banks to adjust their risk management strategies amidst challenges arising from the end of ultra-low interest rates and the emergence of non-traditional competitors. The recent surge in inflation and interest rates was managed well by banks, but this success has led to calls for preparation for more difficult times ahead. Risk Assessment Amid Low Loan Losses: Despite handling inflation and interest rate hikes well, ECB Supervisor Claudia Buch emphasized the need for a reevaluation of risk assessments. She noted that low loan losses may be a result of unprecedented fiscal and monetary support, rather than an accurate reflection of future risks to asset quality. Future risk management practices need to...