Robinhood Co-Founder to Step Down as Creative Chief

Baiju Bhatt launched Robinhood with Vlad Tenev in 2013 and served as its co-chief executive until 2020, when he transitioned to chief creative officer. 


 
FTX Chief Accuses Bankman-Fried of Lying to Get Sentence Reduced

John J. Ray III, the chief executive of FTX appointed to clean up the bankrupt crypto exchange's mess, said Sam Bankman-Fried falsely claimed there was zero harm to customers and investors in bid for lighter prison sentence. 


 
Bank of Canada Is Sticking With Its Quantitative Tightening Plan

Senior official rebuts market speculation about early end, spells out asset-purchasing plan once program ends in 2025. 


 
BOE Holds Rates as Switzerland Is First Rich Economy to Cut

The Swiss move indicates borrowing costs are set to fall broadly across advanced economies over the coming months despite signs that inflation is proving stubborn. 


 
Bonds are stuck in a rut as Fed waits to cut rates

More than 80% of U.S. investment-grade corporate bonds are still trading at a discount, according to BondCliQ 


 
The Fed's Conundrum: Interest Rates Are Both Too High-and Too Low

Short-term rates are sharply higher. Long-term rates are steadier. What's a central bank to do?

 
Former Alibaba Chief Daniel Zhang Joins Little-Known Chinese Investment Fund

Former Alibaba Group chief Daniel Zhang Yong has joined a little-known Chinese investment fund after his surprise resignation from the Chinese e-commerce giant last year. 


 
Financial Services Roundup: Market Talk

Find insight on agricultural lending by U.S. farm banks, Direct Line , Virgin Money UK, and more in the latest Market Talks covering Financial Services. 


 
Fed Officials Still See Three Interest-Rate Cuts This Year, Buoying Stocks

Central bankers expect inflation slowdown to resume and maintain their lower-rate outlook. 


 
Nasdaq's stock drops after $1.6 billion offering from stock-exchange parent

Borse Dubai is selling nearly 27 million shares to reduce its stake in the Nasdaq to 10.8%.


(END) Dow Jones Newswires

03-22-24 0015ET