David Hollerith
David Hollerith is a reporter for Yahoo Finance covering financial news with an emphasis on cryptocurrencies and fintech. He has provided in-depth analysis of major events in the crypto industry, including the collapse of FTX and the subsequent bankruptcy proceedings. His reporting is known for its accuracy, timeliness, and insightful commentary. Hollerith has a strong background in finance journalism and has been recognized for his ability to break down complex financial concepts for a general audience. In addition to his work on cryptocurrencies, he also covers traditional financial markets, including stocks, bonds, and commodities. Hollerith is frequently sought after for his expert commentary on the latest financial news and trends.
75%
The Daily's Verdict
This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.
Bias
87%
Examples:
- The author appears to have a neutral stance towards the companies and individuals mentioned in the articles.
- There is an emphasis on presenting factual information without expressing personal opinions or judgments.
Conflicts of Interest
75%
Examples:
- However, these instances are rare and not a dominant focus of the articles.
- The author occasionally mentions potential conflicts of interest.
Contradictions
85%
Examples:
- The author highlights discrepancies and provides specific examples to support their claims.
- There are instances where contradictions are mentioned and analyzed in detail.
Deceptions
60%
Examples:
- But these instances are not a major focus of the articles and do not significantly impact the overall credibility.
- There are occasional instances where deceptive practices or fallacies are mentioned.
Recent Articles
Goldman Sachs Reports 150% Year-Over-Year Increase in Profits, Boosted by Wall Street's Resurgence in Dealmaking and Underwriting
Broke On: Monday, 15 July 2024Goldman Sachs reports a 150% increase in Q2 2024 profits to $3.04 billion, driven by a resurgence in Wall Street dealmaking and underwriting activity, particularly in debt underwriting fees. Investment banking fees rose by 21%, while the asset-management division posted a 26% revenue increase. 
Bank Earnings Season Kicks Off: JPMorgan, Citigroup, and Wells Fargo Preview; Net Interest Margins Expected to Improve in H2 2024
Broke On: Thursday, 11 July 2024JPMorgan Chase, Citigroup, and Wells Fargo kick off bank earnings season with projected net interest margin improvements and increased provisions for credit losses. The Financials sector anticipates over 40% of S&P 500 companies reporting Q2 earnings growth, except for Multi-line Insurance (-16%). The US Treasury's upcoming refunding update will impact bond supply and loan loss reserves. 
Urgent Call from Democratic Senators: Major Investors and Banking Partners of Synapse Urged to Restore Access to Frozen Deposits Following Bankruptcy Filing
Broke On: Tuesday, 02 July 2024A group of Democratic Senators is urging major investors and banking partners of Synapse to collectively pool resources to restore access to frozen deposits for over 100,000 customers following the fintech firm's bankruptcy. The senators criticize these entities for profiting from Synapse's services without ensuring consumer protection. 
Four Wall Street Banks Identified with Derivatives Issues in Regulatory Wind-Down Plans: JPMorgan, Bank of America, Goldman Sachs, and Citigroup
Broke On: Sunday, 23 June 2024Four major Wall Street banks, including JPMorgan Chase, Bank of America, Goldman Sachs, and Citigroup, have been identified by US regulators as having weaknesses in their wind-down plans. The Federal Reserve and FDIC found issues with how each bank handles derivatives. These findings follow similar weaknesses identified in living wills of four other large banks earlier this year. 
JPMorgan Chase CEO Jamie Dimon Signals Approaching Retirement, Potential Successors Identified
Broke On: Monday, 20 May 2024JPMorgan Chase CEO Jamie Dimon signaled his retirement is imminent during an investor day event in May 2024, contradicting earlier statements that he would stay for at least five more years. Potential successors include Daniel Pinto, Jennifer Piepszak, Troy Rohrbaugh, Marianne Lake, and Mary Erdoes. 
Coinbase Q1 Earnings Surge: $1.18B Net Income, Bitcoin Transactions Up 93%, Ethereum on Base Brings in $56.1M
Broke On: Thursday, 02 May 2024Coinbase reports Q1 earnings of $1.18 billion, driven by a surge in transactions and favorable crypto accounting rules. Bitcoin made up a third of consumer and institutional transactions, with price reaching an all-time high of $73,000 after SEC approval of spot ETFs. Strong revenue growth from consumer and institutional trading led to EBITDA of $1 billion, but transaction expenses increased by 73%. Looking forward to Q2, Coinbase estimates overall expenses up to $890 million due to higher trading volumes and customer support costs. 
Red Flags to Watch Out for in Bank Earnings Season: Declining Profit Margins, Increased Loan Loss Provisions and Rising Interest Expenses.
Broke On: Saturday, 13 April 2024This season, watch out for declining profit margins, increased loan loss provisions and rising interest expenses in bank earnings. NYCB Loses 7% of Deposits in One Month After New Investor Group Infuses $1 Billion
Broke On: Friday, 08 March 2024New York Community Bancorp lost 7% of its deposits over the last month, despite a $1 billion investment from Steve Mnuchin's group. Total deposits dropped to $77.2 billion as of March 5 compared with $83 billion on Feb. 5. Embattled New York Community Bancorp Receives $1 Billion Cash Infusion from Investors, Stock Soars to New Highs for the Day
Broke On: Thursday, 07 March 2024Embattled New York Community Bancorp received a $1 billion cash infusion from investors on Wednesday, after seeing its stock plummet by more than 80% this year. The deal will bring four new directors to NYCB's board, including Steven Mnuchin. 
Bitcoin Surges to Record High of $60,000 as Demand and Institutional Investment Increase
Broke On: Friday, 01 March 2024Bitcoin surges to a record high of $60,000 due to increased demand and institutional investment in ETFs. However, some investors are concerned about its volatility and potential impact on other assets.