Latest Market News

Apr 27
S&P 500 Wave Analysis – 27 April, 2022

• S&P 500 reversed from support zone• Likely to rise to resistance level 4250.00 S&P 500 index recently reversed up from the support area lying located between the long-term support level 4150.00 (which has been reversing the price from last June) and the lower daily Bollinger Band. The upward reversal from this support zone stopped […]

Apr 27
Oil ends higher after drop in gasoline, distillate inventories

Oil futures ended a choppy session in positive territory after data showed a large drop in U.S. gasoline and distillate inventories. West Texas Intermediate crude for June delivery CL.1, +0.51% CLM22, +0.51% rose 32 cents, or 0.3%, to close at $102.02 a barrel on the New York Mercantile Exchange after earlier dipping back below the […]

Apr 27
City of Plymouth Credit Union Limited enters administration

City of Plymouth Credit Union (CPCU) Limited was placed into administration on Wednesday 27 April 2022 and has now stopped trading. James Sleight and Peter Hart of PKF Geoffrey Martin & Co Limited have been appointed as joint administrators by the court. City of Plymouth Credit Union is a financial co-operative owned by its members. […]

Apr 27
Stifel shares rise on stronger-than-expected profit

Stifel Financial Corp. SF, +4.14% shares rose 3.2% on Wednesday after the company said its first-quarter earnings fell slightly to $164.23 million, or $1.39 a share, from $164.73 million, or $1.40 a share, in the year-ago period. Adjusted earnings at the investment banking and brokerage company edged down to $1.49 a share from $1.50 a […]

Apr 27
CFTC Charges Archegos Capital Management and Three Employees with Scheme to Defraud Resulting in Swap Counterparty Losses Over $10 Billion

Washington, D.C. — The Commodity Futures Trading Commission today announced it has filed a complaint in the U.S. District Court for the Southern District of New York against Archegos Capital Management, LP (Archegos) and its Chief Financial Officer, Patrick Halligan, of Syosset, New York, charging them with fraud. The CFTC also issued two orders simultaneously […]

Apr 27
Gibraltar rolls out new virtual asset regulation to combat market abuse

The document will require crypto companies to seek and prevent insider trading and market manipulation. 827 Total views 39 Total shares The British overseas territory of Gibraltar introduced a new regulatory package for distributed ledger technology (DLT) service providers. The document elaborates on the responsibilities of crypto businesses in regards to threats of market manipulation […]