This week, we’re opening up our digital wallets and examining the current state of crypto. Wall Street hasn’t been talking much about crypto this year, and that silence has been golden for digital assets. The price of bitcoin) has jumped by more than 100% year to date. Cryptocurrency exchange platform, Coinbase), is expected to report earnings this week so we’re chatting with Jeff Dorman, the chief investment officer of Arca, a crypto-focused asset manager, to find out why he thinks crypto will still come out on top despite bankruptcies), money laundering risks), and alleged fraud). It’s also Fed week. Members of the Fed’s rate-setting committee have been hard at work in recent weeks, making the case that moves in financial markets) have done some of the Fed’s work for them, by tightening financial conditions. WSJ reporters Gunjan Banerji and Harriet Torry join us for a roundtable discussion on whether we should be expecting one final rate hike before the year’s end and how that could affect the market and investment portfolios. We wrap up with Starbucks. The popular coffee chain is also reporting earnings this week and we’ll be looking to see what their new CEO Laxman Narasihmhan has to share with investors about the health of retail, food service and U.S. consumers.
Further Reading
U.S. Targets Crypto Mixers Over Money Laundering Risks)
Crypto Lender Genesis Prepares to Liquidate Without Deal With Parent Company)
Sam Bankman-Fried to Take the Stand in Fraud Trial)
The Fed Is Putting Too Much Faith in Markets)
For more coverage of the markets and your investments, head to WSJ.com).