Tag Archives: Trading

By Luc Cohen NEW YORK (Reuters) -Former U.S. Congressman Stephen Buyer has been charged with insider trading over purchases of shares in telecommunications company Sprint before it merged with T-Mobile US Inc, prosecutors said on Monday. Buyer, a Republican who represented Indiana in Congress between 1993 and 2011, was working as a consultant to T-Mobile ahead of the 2018 merger, according to an indictment filed by federal prosecutors in Manhattan. “It’s always troubling whenever there’s… Source link

The U.S. Department of Justice charged a former product manager at Coinbase (COIN) with insider trading in an indictment unsealed on Thursday. The DoJ noted this is the first insider trading case the Department has brought related to activities in cryptocurrency markets. The former employee, Ishan Wahi, and two accomplices, Nikhil Wahi and Sameer Ramani, allegedly made illegal trades involving at least 25 different crypto assets, realizing gains totaling approximately $1.5 million, according… Source link

Yandex (NASDAQ:YNDX – Get Rating) was the recipient of some unusual options trading on Wednesday. Investors purchased 1,814 put options on the stock. This represents an increase of 1,437% compared to the typical volume of 118 put options. Shares of NASDAQ YNDX opened at $18.94 on Thursday. Yandex has a 12-month low of $14.11 and a 12-month high of $87.11. The company has a market cap of $6.71 billion, a P/E ratio of -20.81 and a beta of 1.33. The company has a… Source link

The departure of head coach Quin Snyder and trade of Rudy Gobert to the Minnesota Timberwolves initiated an imminent teardown and rebuild in Utah. Yet the Jazz initially signaled they weren’t ready to part with Donovan Mitchell, an All-Star in his prime on a team with no prospect of contending anytime soon. Now it appears that they’re at least open to dealing Mitchell. ESPN’s Adrian Wojnarowski reported Tuesday the Jazz “are showing a willingness to listen on possible trade… Source link

Reuters Gold slips as interest rate expectations sap appeal Gold fell on Monday as prospects of higher interest rates dimmed appeal for the non-yielding asset, but a softer dollar helped bullion to cling above the $1,800 support level. “Gold bulls are stuck in a quagmire of aggressive Fed policy actions, as the prospects of higher U.S. rates erode support for the precious metal,” said Han Tan, chief market analyst at Exinity. The U.S. Federal Reserve is expected to deliver another 75 basis… Source link

Vauld, a Singapore-headquartered crypto lending and exchange startup, has suspended withdrawals, trading and deposits on its eponymous platform with immediate effect as it navigates “financial challenges,” it said Monday. The startup — which counts Peter Thiel-backed Valar Ventures, Coinbase Ventures and Pantera Capital among its backers and has raised about $27 million — said it is facing financial challenges amid the market downturn and has seen customer withdrawals of about $198 million… Source link

Discipline is the most important trait for day traders, says stock trading educator Teri Ijeoma. “The most important thing about day traders is having discipline,” the founder of Trade and Travel told Yahoo Finance Live. “You have to be able to follow a trading plan,” she said, adding that the “discipline to be able to sell or buy at the right time is important.” The S&P 500 (^GSCP) just capped its worst first half of the year since 1970 amid tighter monetary policy and fears of a recession…. Source link

Chinese ride-hailing giant Didi Global will start trading on the over-the-counter market (OTC) on Monday, more than two weeks after its shareholders voted to delist the company from the New York Stock Exchange (NYSE) where it raised US$4.4 billion last year in a public listing that angered Beijing. That move was announced on Friday in the US by Chicago-based Options Clearing Corp, the world’s largest equity derivatives clearing house, which said the Chinese firm’s trading symbol will change… Source link

U.S stocks gave up gains early Wednesday following stronger-than-expected readings from the U.S. manufacturing sector and stern comments from JPMorgan (JPM) boss Jamie Dimon. After rallying to start the trading session, led by a 1% advance from the Nasdaq, all three major indexes turned negative about 80 minutes into the trading day. The S&P 500 and the Dow both lost as much as 0.7% while the Nasdaq was off as much as 0.3%. The Russell 2000 was down by the most, falling as much as 0.9%. Data… Source link

U.S. stocks pared losses Tuesday, extending a streak of volatile trading after last week’s bounce snapped the longest span of declines for the S&P 500 in over 20 years. The benchmark index bounced back from a drop of more than 1% to turn flat, attempting to build on its best week since November 2020. The Dow Jones Industrial Average was down 0.2% after climbing back from a nearly 400-point drop, and the Nasdaq Composite turned positive, up 0.3%. These moves come after all three indexes logged… Source link