Latest Market News

May 03
EU Commission report suggests rethink of regulatory approach to DeFi

The report highlights the DeFi’s potential for lower financial audit costs and substantial opportunities for financial integration across borders 183 Total views 1 Total shares Analysts from the European Commission showed an unexpected understanding of how decentralized finances (DeFi) actually function, having defined it as something different from the traditional financial system and acknowledged that […]

May 03
DocuSign’s ‘hyper growth story is essentially over,’ Wedbush says in downgrade

Shares of DocuSign Inc. DOCU, +5.96% were off more than 4% in premarket trading Tuesday after Wedbush analyst Dan Ives cut his rating on the e-signature stock to underperform from neutral, citing a more challenging landscape for a company that was a big winner early in the pandemic. “[W]e believe the company is seeing a […]

May 03
Coronavirus tally: New York City averaging 2,654 cases a day, raises COVID risk level to medium

New York City is averaging 2,654 COVID cases a day, up 17% from two weeks ago, according to a New York Times tracker, a day after the city raised its COVID alert level to medium from low, signaling that cases are rising at an undesirably fast pace. In early March, the city was averaging about […]

May 03
Ebay launches “Authenticity Guarantee” program for trading cards selling at $2,000 or more

Ebay Inc. EBAY, +2.37% announced an expansion of its “Authenticity Guarantee” to trading cards sold for $2,000 or more. Through a partnership with Professional Sports Authenticator that launches on Monday, eBay will begin verifying that cards meet the listing description, haven’t had their sealed plastic holders tampered with, and aren’t counterfeit. The program will ultimately […]

May 03
New York City raises its COVID alert level to medium to reflect rising case numbers

New York City has moved its COVID-19 risk level to medium, or yellow, from green, according to the city’s health department website, signaling that cases are rising at an undesirably fast pace. The city is currently seeing nearly 2,500 new cases a day, which is up from about 600 in early March. The number may […]

May 03
Fed funds traders see 91% chance of 75 basis point hike in June, according to CME FedWatch Tool

Traders of fed-funds futures see a 91% likelihood that the Federal Reserve delivers a 75 basis point rate hike in June, up from 19% a month ago, based on the CME FedWatch Tool. They are factoring in the prospect of a jumbo-sized move on top of an almost 100% chance of a 50 basis point […]