Stock market

Japan’s Crypto Regulator Warns Exchanges’ Self-Regulating Body, Criticizes Management

Japan’s Crypto Regulator Warns Exchanges’ Self-Regulating Body, Criticizes Management

The Financial Services Agency (FSA), Japan’s crypto market regulator, has issued a renewed warning to the Japan Virtual Currency Exchange Association (JVCEA), the country’s crypto exchanges self-regulatory body, about the October full-scale implementation of FATF travel rules for crypto. Local news outlet CoinPost reports that the FSA also criticized the management of the JVCEA. In particular, the …

Japan’s Crypto Regulator Warns Exchanges’ Self-Regulating Body, Criticizes Management Read More »

Billionaire Mike Novogratz Explains When We Will ‘See a Big, Big Rally in Crypto’

Billionaire Mike Novogratz Explains When We Will ‘See a Big, Big Rally in Crypto’

On Tuesday (September 20), billionaire investor Mike Novogratz was asked to share his thoughts on the crypto market. Former hedge fund manager Novogratz is the Founder and CEO of Galaxy Digital, “a technology-driven financial services and investment management firm that provides institutions and direct clients with a full suite of financial solutions spanning the digital assets ecosystem.” Novogratz’s comments …

Billionaire Mike Novogratz Explains When We Will ‘See a Big, Big Rally in Crypto’ Read More »

Bitcoin is a ‘wild card’ set to outperform —Bloomberg analyst

The commodity strategist has pegged Bitcoin to rebound strongly from the bear market despite headwinds for high-risk assets. NEWS   Bloomberg analyst Mike McGlone has labeled Bitcoin (BTC) a “wild card” which is “ripe” to outperform once traditional stocks finally bottom out. In a Sept.7 post on Linkedin and Twitter, McGlone explained that while the …

Bitcoin is a ‘wild card’ set to outperform —Bloomberg analyst Read More »

S.Korea to set up securities market for crypto tokens

Image: Getty Images South Korea’s top financial regulator announced Tuesday a plan to open a separate digital securities market similar to the KOSPI (Korea Composite Stock Price Index), in a move to institutionalize and promote cryptocurrencies. Fast facts The planned digital securities market will accommodate securities tokens, representing ownership rights or asset value using blockchain technology. However, …

S.Korea to set up securities market for crypto tokens Read More »

Oil prices will hold steady this year, analysts say, though 2023 may see declines

Oil prices will hold steady this year, analysts say, though 2023 may see declines

KEY POINTS Oil prices will hold steady for the rest of the year with marginal declines in 2023, analysts estimated, with the exception of one who foresees “more bullish than bearish factors” for the market going forward. Analysts who spoke to CNBC said they expect current oil prices to hold throughout the second half of …

Oil prices will hold steady this year, analysts say, though 2023 may see declines Read More »

Delisting risk for U.S.-listed Chinese stocks nearly halves after regulators reach audit agreement, Goldman says

Delisting risk for U.S.-listed Chinese stocks nearly halves after regulators reach audit agreement, Goldman says

KEY POINTS The China Securities Regulatory Commission and U.S. Public Company Accounting Oversight Board announced Friday that both sides signed an agreement for cooperation on inspecting the audit work papers of U.S.- listed Chinese companies. The Goldman Sachs analysts said Monday their model “suggests that the market may be pricing in around 50% probability” that Chinese …

Delisting risk for U.S.-listed Chinese stocks nearly halves after regulators reach audit agreement, Goldman says Read More »

Warren Buffett gets permission to buy up to half of Occidental Petroleum, boosting the shares

Warren Buffett gets permission to buy up to half of Occidental Petroleum, boosting the shares

Warren Buffett’s Berkshire Hathaway on Friday received regulatory approval to purchase up to 50% of oil giant Occidental Petroleum. Shares of Occidental jumped 10% on the news to close at $71.29 apiece, pushing their 2022 gains to more than 145%. On July 11, Berkshire filed an application with the Federal Energy Regulatory Commission to buy more of the …

Warren Buffett gets permission to buy up to half of Occidental Petroleum, boosting the shares Read More »

Turkey shocks markets with rate cut despite inflation near 80%

Turkey shocks markets with rate cut despite inflation near 80%

KEY POINTS Its main policy rate, which had been at 14% for the last seven months, was cut to 13% in a complete mismatch to what other central banks are doing around the world. Analysts expected no rate change; the move lower by the Turkish central bank has taken markets by surprise. The lira, Turkey’s …

Turkey shocks markets with rate cut despite inflation near 80% Read More »

Elon Musk sells 7.92 million Tesla shares worth .88 billion

Elon Musk sells 7.92 million Tesla shares worth $6.88 billion

KEY POINTS Earlier this year, the Tesla and SpaceX CEO said on social media that he had “no further TSLA sales planned” after April 28. After Musk’s latest stock sales were revealed, Tesla fans and promoters asked the celebrity CEO if he was done selling shares in the electric vehicle business, and if he might …

Elon Musk sells 7.92 million Tesla shares worth $6.88 billion Read More »

Shares of Chinese EV makers Nio and Li Auto rise as July car deliveries jump

Shares of Chinese EV makers Nio and Li Auto rise as July car deliveries jump

KEY POINTS Nio said it delivered 10,052 vehicles in July, up 26.7%% year-on-year, but down from June’s figure of almost 13,000 deliveries. Li Auto meanwhile said it delivered 10,422 of its Li ONE sports utility vehicle in July, up 21.3% year-over-year, but also slipping from June’s figure. The Guangzhou, China-based firm said July deliveries totaled 11,524, up …

Shares of Chinese EV makers Nio and Li Auto rise as July car deliveries jump Read More »