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October 25, 2021

trading

Rams trading LB Young to Broncos, sources say

ESPN
The Los Angeles Rams are trading linebacker Kenny Young and a 2024 seventh-round pick to the Denver Broncos in exchange for a 2024 sixth-round pick, sources told ESPN’s Adam Schefter. The Broncos have eight injured linebackers, including six on injured reserve. Eight-time Pro Bowler Von Miller became the latest linebacker......

Elizabeth Warren asked the Fed to release its March 2020 ethics warning about trading.

New York Times
Senator Elizabeth Warren, Democrat of Massachusetts, asked Jerome H. Powell, the Federal Reserve chair, on Thursday to release an email the central bank’s ethics office sent in March 2020 suggesting that officials might want to avoid unnecessary trading as they unrolled a sweeping market rescue. The email, the existence of......

Explaining the whopping $10 billion valuation for Fanatics’ nascent trading card business

CNBC
CNBC – For more and to sign up click here Sports merchandise company Fanatics surprised Wall Street this week after it revealed its trading card business is valued at more than $10 billion in the course of raising new capital. Fanatics raised a $350 million round one month after capturing......

Trading carbon credits alone will not solve the climate crisis, Standard Chartered CEO says

CNBC
CNBC – For more and to sign up click here Bill Winters, chief executive officer of Standard Chartered Plc, gestures while speaking during a Bloomberg Television interview in London, U.K., on Thursday, July 4, 2019. Bloomberg | Bloomberg | Getty Images In a global effort to fight climate change, many......

Dallas Fed President Kaplan to retire early on Oct. 8, citing trading disclosure ‘distraction’

CNBC
CNBC – For more and to sign up click here Dallas Federal Reserve President Robert Kaplan became the second regional central bank leader to resign Monday, saying he was stepping down early following a recent controversy over stock market trades he made. Kaplan’s early retirement follows an announcement earlier in......

U.S. SEC charges individuals in ‘meme stock’ options trading scheme

Reuters
The U.S. Securities and Exchange Commission headquarters in Washington, D.C., U.S. REUTERS/Andrew Kelly WASHINGTON/NEW YORK, Sept 27 (Reuters) – The U.S. Securities and Exchange Commission on Monday charged two individuals for a fraudulent trading scheme involving so-called “meme stocks” aimed at taking advantage of a surge in retail trading driven......

Stock futures rise in overnight trading after market ends wild week in the green

CNBC
CNBC – For more and to sign up click here A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Aug. 23, 2021. Michael Nagle | Bloomberg | Getty Images Stock futures climbed in overnight trading on Sunday as investors braced......

China’s top regulators ban crypto trading and mining, sending bitcoin tumbling

Reuters
A Chinese flag is seen among representations of Bitcoin and other cryptocurrencies in this illustration picture taken June 2, 2021. REUTERS/Florence Lo/Illustration/File Photo China intensifies crypto crackdown Vows to root out “illegal” trading activity, bans mining Bitcoin, smaller coins slump SHANGHAI/LONDON, Sept 24 (Reuters) – China’s most powerful regulators on......

The Fed will change trading rules for officials to keep public’s trust after controversy, Powell says

CNBC
CNBC – For more and to sign up click here Federal Reserve Chairman Jerome Powell on Wednesday said the central bank’s current trading rules are insufficient and promised it would “make changes” after filings showed that officials traded stocks and bonds that could be influenced by its policy actions. Powell......

Two more UK energy suppliers stop trading on gas price hit

Reuters
LONDON, Sept 22 (Reuters) – A further two British energy suppliers stopped trading on Wednesday, leaving more than 800,000 customers potentially facing higher bills, after a jump in natural gas prices pushed the sector to the brink. Avro Energy and Green Supplier Limited became the latest providers to say they......

Revolut, the $33 billion fintech player, is rolling out commission-free stock trading in the U.S.

CNBC
CNBC – For more and to sign up click here Revolut CEO Nikolay Storonsky speaks onstage at the TechCrunch Disrupt conference in San Francisco, California. Kimberly White | Getty Images Revolut, the global fintech player valued at $33 billion, will soon offer commission-free stock trading to U.S. customers for the......

China Evergrande onshore bond trading suspended after downgrade

Reuters
The China Evergrande Centre is seen in Hong Kong, China. August 25, 2021. REUTERS/Tyrone Siu Hengda bonds suspend trading for 1 day after CCXI downgrades Suspension points to higher chance of default – analysts Recovery ratio expected to be low – fund managers HONG KONG/SHANGHAI, Sept 16 (Reuters) – China......

There was insider trading on NFT platform OpenSea, the $1.5 billion start-up admits

CNBC
CNBC – For more and to sign up click here Rumors of insider trading at NFT marketplace OpenSea are true, according to a statement from the start-up, which was recently valued at $1.5 billion. “Yesterday we learned that one of our employees purchased items that they knew were set to......

China’s stock trading volume surges above 1 trillion yuan for weeks as other investment options dry up

CNBC
CNBC – For more and to sign up click here A Chinese bank clerk counts yuan banknotes at a bank in Huaibei, east Chinas Anhui Province, July 6, 2012. Jie Zhao | Corbis News | Getty Images BEIJING — Chinese investors are turning to the local stock market as once-lucrative......

CMC warns on profits as trading volumes ease after frenzy

Reuters
Dealers work at their desks whilst screens show market data following a vote on Prime Minister Theresa May’s Brexit ‘plan B’ at CMC Markets in London, Britain, January 30, 2019. REUTERS/Dylan Martinez CMC says market activity subdued Shares slump 27%, set for worst day since 2016 Sept 2 (Reuters) –......

$18 billion Fanatics shocked the sports world with its MLB trading card deal — here’s what’s next for the company ahead of the IPO

CNBC
CNBC – For more and to sign up click here Fanatics Founder/Executive Chairman Michael Rubin attends Fanatics Super Bowl Party at College Football Hall of Fame on February 2, 2019 in Atlanta, Georgia. Mike Coppola | Getty Images Sports merchandising company Fanatics shocked the sports world last month after securing......

Rocket Lab begins trading on the Nasdaq, with SPAC merger growing its cash pile

CNBC
CNBC – For more and to sign up click here The 16th Electron launch in November 2020, when the company recovered the rocket after splashdown for the first time. Rocket Lab Rocket Lab began trading on the Nasdaq on Wednesday, becoming the latest space company to close a SPAC merger......

Meme stocks soar in late day trading surge, short sellers knocked

Reuters
NEW YORK, Aug 24 (Reuters) – Shares of several retail trading darlings, including AMC Entertainment (AMC.N) and GameStop (GME.N), surged in heavy volume late on Tuesday, on no apparent news, dealing over $1 billion in losses to short sellers. While broad market indexes rose modestly on Tuesday, with the Nasdaq......

Citi considering bitcoin futures trading for some institutional clients

Reuters
A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken June 14, 2021. REUTERS/Edgar Su/Illustration Aug 24 (Reuters) – Citigroup Inc (C.N) is considering offering bitcoin futures trading for some institutional clients, a spokesperson for the bank said on Tuesday, citing increased demand in the cryptocurrency......

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