Latest Market News

Oct 12
Bored Ape creators and other NFT projects investigated by SEC probe

A source familiar with the matter said the SEC is looking into whether certain NFTs from Yuga Labs could be “more akin to stocks.” Source: Cointelegraph

Oct 11
Bitcoin analysts and traders say BTC’s low volatility is ‘a calm before the storm’

Stock markets slide toward yearly lows while Bitcoin price remains range-bound. Here’s why crypto analysts expect a sharp move from BTC soon. Source: Cointelegraph

Oct 11
El Pollo Loco stock jumps on buyback, special dividend plans

Shares of El Pollo Loco Holdings. [s: loco] jumped 15% after hours Tuesday after the Mexican-restaurant chain said its board had declared a special dividend of $1.50 per share and authorized a new stock buyback program of up to $20 million, saying it was in a “good position” to move ahead with the investor payouts. Management for the […]

Oct 11
Solvency of financial institutions could be bigger threat than liquidity in next crisis, economist says

In a sign of the darkening outlook for the global economy and financial markets, the continuing debate over whether the next major crisis is on the way is shifting into a conversation about just what type of crisis it will be. For Neil Shearing, group chief economist at London-based Capital Economics, the bigger threat is […]

Oct 11
S&P 500, Nasdaq log lowest close in more than 2 years as stocks fall for 5th day

U.S. stocks finished mostly lower on Wednesday with the S&P 500 logging its lowest end-of-date level since September, while the Nasdaq Composite logged its lowest such level since July. Only the Dow Jones Industrial Average managed to evade a loss for the day; the other two indexes recorded their fifth straight session in the red. […]

Oct 11
BOE’s Bailey says U.K. pension fund managers have 3 days to rebalance: reports

Bank of England Gov. Andrew Bailey late Tuesday said U.K. pension funds need to finish rebalancing positions by Friday when the central bank’s emergency bond-buying program is set to end, news reports said. U.S. stocks extended a decline after the remarks, while the British pound GBPUSD, +0.05% fell 0.7%. “We have announced that we will […]