Latest Market News

Jul 05
Banks stocks hit hard as continued fall in Treasury yields fuel recession fears

Financial stocks traded broadly lower Tuesday, as longer-term Treasury yields continued to fall amid growing concerns that a recession was on the horizon. Lower longer-term yields can weigh on banking profits, as they narrow the spread between what banks earn on longer-term assets, such as loans, that are funded by shorter-term liabilities. The SPDR Financial […]

Jul 05
Bollywood A-lister-backed GARI token plunge sparks rug pull rumors

GARI token was launched by Salman Khan, an A-list celebrity from Bollywood, with an aim to help Indian creators monetize their content over a short video application Chingari. 2078 Total views 7 Total shares The domino effect of the 2022 bear market, which saw the downfall of numerous crypto ecosystems and tokens over several months, […]

Jul 05
Arms Index shows stock market’s selloff is relatively calm

The Arms Indexes for both the New York Stock Exchange and the Nasdaq exchange are showing that investors are behaving in a relatively calm fashion despite the steep declines in the market indexes. The Arms is a volume-weighted breadth measure that is used to depict the intensity of selling and buying in declining and advancing […]

Jul 05
Lamborghini-backed GT racing team to authenticate car parts using NFTs

Former racing champion Vincenzo Sospiri said that this will allow them to monitor and ensure the quality of their car parts. 700 Total views 28 Total shares Vincenzo Sospiri Racing (VSR), a GT racing team backed by Lamborghini’s motorsport department, has announced its partnership with nonfungible token (NFT) platform Go2NFT to launch a program that […]

Jul 05
Spread between 2- and 10-year Treasury yields briefly falls below zero for first time since June 14

A widely followed indicator of the economic outlook briefly flashed a recession warning on Tuesday as fears of a downturn continued to grip markets. The spread between 2- TMUBMUSD02Y, 2.812% and 10-year yields TMUBMUSD10Y, 2.828% briefly fell below zero Tuesday morning for the first time since June 14, driven by a bigger decline in the […]

Jul 05
Pension Bulletin 2022-01- Amendments to the Pension Benefits Act and the General Regulation under the Pension Benefits Act

An Act to Amend the Pension Benefits Act received Royal Assent on 17 December 2021.  Some of the amendments were proclaimed on Royal Assent while others require amendments to the General Regulation under the Pension Benefits Act before they can be proclaimed.   The amendments modernize the Pension Benefits Act by: enhancing communication with members […]