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Fintech Focus For July 8, 2020
Wednesday, July 8, 2020 - 10:22am | 2122Read More...Daily Perspective: Capital markets are not free markets allocating resources in traditional ways. - Ray Dalio Fintech Movers: Nasdaq and the London Stock Exchange Group have both taken steps to grow the digital asset ecosystem as institutional interest increases. - Markets Media Iran cracks down...
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EUR/USD Forecast: Comfortable Around 1.1300
Tuesday, July 7, 2020 - 5:23pm | 344Read More...Key Points: The optimism seen at the begging of the week faded with coronavirus-related headlines. Focus this Wednesday on the EU Commission Economic Growth Forecasts. EUR/USD retains a mildly positive technical stance in the short-term. The EUR/USD pair is finishing Tuesday a handful of pips...
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Fintech Focus For July 3, 2020
Friday, July 3, 2020 - 9:26am | 1689Read More...Daily Perspective: Life is what happens when you're busy making other plans. - John Lennon Fintech Movers: An International Monetary Fund (IMF) official recently noted that China’s Fintech sector could be “instrumental” in assisting SMEs with acquiring reliable credit. The...
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Fintech Focus For June 29, 2020
Monday, June 29, 2020 - 10:17am | 1810Read More...Daily Perspective: The greatest glory in living lies not in never falling, but in rising every time we fall. - Nelson Mandela Fintech Movers: Ally Financial and CardWorks are terminating their planned $2.65 billion merger, the companies announced Wednesday in a press release. The companies cited...
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Luckin Chairman and Board Members Try To Oust Each Other After Giving Up On Nasdaq Listing
Monday, June 29, 2020 - 7:25am | 343Read More...Luckin Coffee Inc. (NASDAQ: LK) Chairman and board members are trying to oust each other in the aftermath of the accounting scandal, as revealed in multiple filings with the United States Securities and Exchange Commission. What Happened The Chinese coffee chain company's board of directors...
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Fintech Focus For June 26, 2020
Friday, June 26, 2020 - 9:59am | 1382Read More...Daily Perspective: I have never advocated war except as a means of peace. - Ulysses S. Grant Fintech Movers: Futures exchanges would be expected to create defenses against disruptive technology failures, but might not have to upgrade current policies under a proposal issued by a U.S. derivatives...
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Chinese Internet Giant NetEase's Shares Surge In Hong Kong On Debut
Thursday, June 11, 2020 - 4:40am | 418Read More...NetEase Inc. (NASDAQ: NTES) shares soared by over 8% on the first day of trading in Hong Kong, amid rising tensions between the United States and China. What Happened NetEase, an internet company from China engaged in gaming, education, and music streaming, has also been listed on the Nasdaq since...
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8 Companies Expected To Raise $2B In IPOs Next Week
Tuesday, June 9, 2020 - 11:22am | 477Read More...The initial public offering market is flush with activity, as eight deals expected to raise $2 billion hit the market, including outdoor livings product firm Azek Co. What Happened So far, in 2020, there have been 43 IPOs, 31% fewer compared to the same period in 2019. Last week was a...
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Markets Soar As US Economy Ends Its Longest Expansion In History, Enters Recession
Tuesday, June 9, 2020 - 7:56am | 267Read More...The U.S. economy put its longest streak of economic expansion behind it in February, as it entered recession due to the COVID-19 pandemic. What Happened On Monday, the Business Cycle Dating Committee of the National Bureau of Economic Research, which maintains a chronology of business cycles in the...
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NASDAQ Closes At All-Time High
Monday, June 8, 2020 - 7:12pm | 378Read More...What Happened: The NASDAQ has seen the quickest recovery from the early 2020 market downturn. Much of the momentum in the market today continued from last week's news. On Friday, investors saw a big surprise in job growth and unemployment numbers for the month of May. As a result, many...
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Chinese Online Grocery Seller Dada Welcomes 'Better Auditing And Regulation,' As Company Starts Trading At Nasdaq
Monday, June 8, 2020 - 5:17am | 352Read More...Chinese online grocery seller Dada Nexus Ltd. (NASDAQ: DADA) CEO said the company welcomed "better auditing and regulation," as it began trading at the Nasdaq Stock Market on Friday. US-China Tensions Temporary, CEO Says "We particularly welcome better auditing and regulation,...
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Why Genius Brands Is On A Massive Rally, Adding Nearly 2500% Value In A Month
Thursday, June 4, 2020 - 1:01am | 494Read More...The shares of Genius Brands International Inc. (NASDAQ: GNUS), a company until recently struggling to keep itself listed on Nasdaq, have added 2458% since May. The surge has come following a string of operational advancements and investments announced by the children entertainment company. New...
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Luckin Coffee To Resume Trading At Nasdaq Wednesday
Wednesday, May 20, 2020 - 12:04am | 231Read More...Luckin Coffee Inc. (NASDAQ: LK) will resume trading on Wednesday, Nasdaq Inc. (NASDAQ: NDAQ) said in a statement Tuesday. The trading of the Chinese coffee chain company at the Nasdaq Stock Market was halted back in April after the disclosure of securities fraud by its Chief Operating Officer Jian...
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Nasdaq To Restrict Chinese Listings With New Strict IPO Requirements: Report
Tuesday, May 19, 2020 - 6:29am | 350Read More...Nasdaq Inc. (NASDAQ: NDAQ) is bringing in new restrictions on initial public offerings in a move to curb Chinese listings on its platform, Reuters reported Monday. What Happened The new rules that the Nasdaq Stock Market operator is considering will require companies based in certain countries,...
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The QQQ ETF Joins Exclusive $100B Club
Wednesday, May 13, 2020 - 8:15am | 594Read More...In the world of exchange traded funds, it's often said that $100 million in assets is what an issuer needs to turn a profit on a particular fund. Of course, making it to $1 billion is impressive and $10 billion is rarefied air. What Happened Speaking of exclusivity, $100 billion is truly elite...












