Markets

The Argentinian government has announced a set of new measures that will solve the skyrocketing inflation levels that have plagued the country. These measures are also aimed at supporting the value of the Argentinian peso, whose value has plummeted because...

The Commodity Futures and Exchange Commission (CFTC) has imposed a $45 million fine against HSBC Bank USA. The institution is facing this fine for allowing “manipulative and deceptive trading” by the traders and a failure to maintain records on business...

Binance, the largest exchange globally by trading volumes, has announced plans to exit the Canadian market. Binance posted an announcement on Twitter on May 12 saying that the withdrawal from the Canadian market was proactive and it would follow the...

Officials at the Federal Reserve believe that interest rates are inching closer to where they need to be to win the war against inflation. The remarks come after Fed policymakers increased the benchmark interest rate to between 5% and 5.25%....

Elon Musk has appointed the former advertising chief at NBCUniversal, Linda Yaccarino, as the new CEO of Twitter. The appointment comes as Twitter looks to boost its ad revenue. Yaccarino’s appointment also comes as the social media company struggles with...

Nexo, a firm offering cryptocurrency lending services, plans to shut down its two subsidiaries in the United Kingdom. The two subsidiaries are Nexo Cleaning and Nexo Financial Services Limited. The plans by Nexo to shut down these two companies were...

The US securities regulator, the Securities and Exchange Commission (SEC), has taken action against investment platforms offering fraudulent services. The regulator has charged GA investors and several unnamed platforms with the failure to secure the appropriate licenses and continue extending...

The trading volumes reported by the Exness trading platform have significantly recovered. The trading volumes have corrected from the peak attained in March, as seen in the fresh records released for April this year. Exness trading volume drop by 23%...

Two financial industry executives have secured new job opportunities at Interactive Brokers and Xenfin Capital. These executives will be instrumental in helping the brokerage platforms to achieve growth as they come with extensive experience in their respective fields. Interactive Brokers...

The Robinhood social trading platform has released a report for the first quarter of 2023. The company's financial performance during the first three months of 2023 shows a 208% decline in the net loss, despite a 16% gain in the...

The US Department of Treasury and the Internal Revenue Service (IRS) have made filings for 45 claims against FTX. These claims have totaled around $44 million. The claims have targeted the bankrupt FTX cryptocurrency exchange and other affiliates. US tax...

CICC Capital, a division under the CICC investment bank in China, has suspended the use of services offered by Capvision Partners. These services were suspended after an investigation into the network as Beijing cracks down on national security. CICC Capital...

The Cyprus Securities and Exchange Commission (CySEC) has withdrawn the Investor Compensation Fund (ICF) membership for Trilt and RMG Holding Limited. The regulator said that the decision to withdraw the ICF membership for the two companies came after their Cyprus...

GCEX, a digital prime brokerage company that Lars Holst leads, has secured regulatory authority from the Danish Financial Supervisory Authority (FSA). The regulatory approval will enable GCEX to operate as an investment institution. GCEX secures a new Danish license The...

On Monday, Tesla Inc revealed that it has broke ground on the establishment of a lithium refinery in Texas. The electric car maker noted that the new refinery will have the capacity to produce about 1 million batteries for its...