Latest Market News
A whopping 96% of the S&P 500’s SPX, -3.81% components are losing ground amid Thursday’s stock market carnage. Of the 18 stocks seeing gains, only three have a market capitalization above the average of $77.1 billion. Meanwhile, the S&P 500 tumbled 3.9%, on track for the biggest selloff since it plummeted 5.9% on June 11, […]
Binance is among 18 co-investors in Elon Musk’s Twitter acquisition alongside firms like Sequoia Capital Fund and Fidelity Management and Research Company. 4307 Total views 123 Total shares Major crypto exchange Binance has participated in Elon Musk’s $44 billion acquisition of Twitter, according to data filed with the United States Securities and Exchange Commission. On […]
Boeing Co. BA, -3.54% executives are planning to move the aerospace company’s headquarters to Arlington, Va., from Chicago, The Wall Street Journal reported Thursday, citing people familiar with the matter. The move could be announced as soon as next week, the Journal said. Boeing did not immediately return a request for comment. The company moved […]
U.S. Senators requested Fidelity to explain how the firm is planning to address the risks of adding Bitcoin into retirement accounts by May 18. 1160 Total views 42 Total shares The United States government is growing increasingly concerned about Bitcoin (BTC) in retirement savings, with two senators flagging some issues in Fidelity Investments’ plans to […]
Shares of two China-focused exchange-traded funds were down sharply Thursday morning, adding to steep losses this year, as U.S. Secretary of State Antony Blinken reportedly plans to affirm that China is the biggest rival of the United States despite so much global attention on the Russia-Ukraine war. Blinken had been scheduled to speak Thursday on […]
Speech by Sheldon Mills, Executive Director, Consumers and Competition, delivered at the Building Societies Annual Conference. Speaker: Sheldon Mills, Executive Director, Consumers and CompetitionEvent: Building Societies Annual Conference 2022Delivered: 5 May 2022Note: this is the speech as drafted and may differ from the delivered version Highlights Many consumers are feeling the impact of the cost of living crisis – the financial […]