Top Financial Services News of the Day – Monday at 7 AM ET
Here are the latest highlights in the world of financial services:
1. The stock market opened with moderate gains as investors await key economic data releases later in the week.
2. The Federal Reserve is set to announce its interest rate decision later today, with expectations of no change to current rates.
3. Big banks are reporting strong earnings for the second quarter, with many surpassing analyst expectations.
4. Cryptocurrency prices continue to fluctuate, with Bitcoin seeing a slight dip while Ethereum remains relatively stable.
5. In regulatory news, the SEC is cracking down on fraudulent ICOs, issuing penalties to several companies for misleading investors.
Stay tuned for more updates throughout the day as the financial services world continues to evolve.