Day: May 3, 2022
Equities Bouncing Off LowsGlobal equities indices are seeing better demand across the European open on Tuesday, following the sales seen yesterday. Traders are digesting the recent round of PMI data releases which came in weaker than expected in China and the US. Growth concerns are back top of the mind this week in light of […]
Credit AgricoleAsia overnight Sentiment was steady as much of Asia returned from holidays. Firm US equities as investors started some dip buying last week helped support sentiment. Pledges by Chinese policymakers last week to help support the economy also continue to help sentiment. Investors remain cautious, however, ahead of a series of central bank meetings […]
The senator spoke about the importance of definitions and weeding out nonviable altcoins for her comprehensive bill on cryptocurrency. 600 Total views 12 Total shares United States Senator Cynthia Lummis appeared on a livestream hosted by Axios on Tuesday to tease the highly awaited bill on cryptocurrency she is authoring. The Wyoming Republican said the […]
Shares of Manitowoc Co. MTW, +0.51% fell more than 5% in the extended session Tuesday after the maker of cranes and other construction equipment reported mixed first-quarter results, beating analyst expectations on revenue, and said demand for cranes continues unabated despite “clear signs of economic slowdown.” Manitowoc said it earned $3.1 million, or 9 cents […]
The Republic of Uzbekistan is preparing to adopt a new crypto regulatory framework including a 7.5% income tax on crypto-related salaries. 990 Total views 16 Total shares The Republic of Uzbekistan continues to progress with local cryptocurrency regulations, with Uzbek President Shavkat Mirziyoyev issuing a new decree regulating the industry. Released on Wednesday, the new […]
Secretary of State Antony Blinken will deliver a long-awaited speech outlining the Biden administration’s policy toward China on Thursday, the State Department announced on Tuesday. Blinken, reported Politico, will underscore the Biden administration’s existing policy toward Beijing modeled on what it inherited from the Trump administration, and will give an overview of the strategy rather […]
As the FCA continues its transformation, it has recruited three experienced individuals to its senior leadership team. Mel Gunewardena will take up a Senior Advisor role at the FCA. Mel is currently Chief Market Intelligence Officer at the Commodities and Futures Trading Commission based in Washington DC and a former Managing Director at Goldman Sachs. […]
The Crypto Assets and Cyber Unit of the SEC’s Enforcement Division, which is tasked with policing cryptocurrency firms, will add 20 people to its staff. 2142 Total views 46 Total shares The United States Securities and Exchange Commission (SEC) announced Tuesday that it would nearly double the number of personnel responsible for safeguarding investors in […]
Shares of Charter Communications Inc. CHTR, -0.55% were off 1.3% in afternoon trading Tuesday after Bank of America analyst Jessica Reif Ehrlich cut her rating on the stock to neutral from buy, citing concerns about growing competition in the broadband market. Reif Ehrlich worries about emerging threats to broadband incumbents from fiber and fixed-wireless access […]
The 10-year Treasury yield has finally reached an important 3% milestone, however, slipped below the level on lack of bearish consensus, greenback index stabilized at 103.50, the S&P 500 fell below 4100 on Monday, however, there lack of persistence from the sellers helped the index to close in green above the 4100 level. It seems […]
