Latest Market News

May 16
Election Notice – 05/16/22

Summary The annual meeting of FINRA firms will take place on or about Friday, August 19, 2022, to elect one Large Firm Governor and one Small Firm Governor to the FINRA Board of Governors (FINRA Board). A formal notice of the meeting, including the precise date, time and location, will be mailed to executive representatives […]

May 16
Canadian securities regulators authorize discontinuation of the Canadian Dollar Offered Rate

TORONTO – The Ontario Securities Commission (OSC) and the Autorité des marchés financiers (AMF) today published notices authorizing the discontinuation of the Canadian Dollar Offered Rate (CDOR), a designated critical benchmark. Refinitiv Benchmark Services (UK) Limited (RBSL) is the administrator of CDOR, a domestically important interest rate benchmark. The OSC and the AMF, as co-lead […]

May 16
Do Kwon proposes Terra hard fork to save ecosystem

Terraform Labs will put the proposal up for a governance vote on May 18 Asia time. 7958 Total views 7 Total shares On Monday, Do Kwon, co-founder of the troubled Terra Luna blockchain, announced a revised plan to restore the ecosystem after a combination of significant market volatility and inherent protocol design flaws wiped out […]

May 16
S&P 500, Nasdaq Composite finish lower Monday after earlier stock gains fizzle

U.S. stocks closed mixed Monday, with equities losing steam in the final 15 minutes of trade. The Dow Jones Industrial Average DJIA, +0.08% rose about 27 points, or 0.1%, to end near 32,224, after trading almost 300 points higher earlier in the session, according to FactSet data. The S&P 500 index SPX, -0.39% shed 0.4%, […]

May 16
First 7-week losing streak in history ― 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week under $30,000 as the battle to save the market from fresh lows grinds on. After hitting its highest since the Terra (LUNA) crash last week, the largest cryptocurrency nonetheless continues to fail to reclaim $30,000 as support. What could be in store this week? The potential for major upheaval from […]

May 16
FDA authorizes Labcorp’s direct-to-consumer test for RSV, the flu, and COVID-19

The Food and Drug Administration on Monday authorized a test developed by Laboratory Corporation of America Holdings LH, -0.90% that allows people in the U.S. to self-test for respiratory syncytial virus (RSV), a type of common cold, as well as the flu and COVID-19. The test does not require a prescription. People swab at home […]