Markets

Massachusetts's securities market watchdog is planning to appeal against a ruling last year in favor of the Robinhood retail trading platform. The appeal comes after a ruling was made last year in favor of Robinhood after enforcement action was taken...

Plus500, a trading platform based in Israel, released a trading update on Tuesday. In the update, the trading platform said it continued to report a solid performance in the 2023 financial year. Plus500 reports solid results in 2023 This financial...

Coinbase released a global cryptocurrency derivatives exchange days after revealing that it was venturing into an offshore location with a new license obtained from Bermuda. The cryptocurrency exchange based in the US has said that this new platform is open...

The Biden Administration is focusing on the rapidly growing artificial intelligence (AI) industry. The Chief Executive Officers at top tech companies, such as Google, Microsoft, OpenAI, and Anthropic, are set to meet with the US Vice President, Kamala Harris, and...

Admirals, a retail forex and contracts for difference (CFD) broker based in Estonia, is expanding its presence across Africa. The brokerage platform has announced plans to set up new offices in Lagos, Nigeria. Admirals set up new offices in Nigeria...

Tastytrade and LiteFinance, two brokerage businesses offering retail forex and contracts for difference (CFD) products, have released new updates on their brokerage businesses. Tastytrade released an application programming interface (API), while LiteFinance released an upgrade for its mobile trading application...

Interactive Brokers has reported a significant decline in the Daily Average Revenue Trades (DARTs). The electronic trading platform reported that DARTs dropped by 14% to 1.765 million in April 2023. Interactive Brokers reports a 14% drop in DARTS in April...

The shares of Sony Group Corp have dropped by nearly 2% on Monday. The shares are dropping after the annual profit of the Japanese entertainment and electronics giant dropped below market expectations. Sony shares drop amid a weak annual outlook...

The bankers overseeing the sale process for Subway have offered a $5 billion acquisition financing plan to the private equity firms looking to acquire the company. The financing plan seeks to overcome hurdles in leveraged buyouts and secure the company...

JPMorgan Chase, PNC Financial Services Group, and Citizens Financial Group submitted final bids for First Republic Bank in an auction conducted by regulators in the United States. JPMorgan has won the bid after a rigorous process by US regulators saw...

A federal court in Ohio has ordered Jared Davis to pay $561,971 in restitution to the victims of a fraudulent scheme. Davis is the mastermind of a $10 million binary options scam. The individual operated fraudulent binary options brands: Option...

The US Federal Deposit Insurance Corporation (FDIC) is preparing to place First Republic Bank under receivership. Reports on this development sent FRC's shares tumbling, dropping by over 43% on Friday. FDIC could place First Republic Bank under receivership The FDIC...

Two of the largest oil companies in the US, Exxon Mobil Corp and Chevron Corp, have been making solid revenues from their booming oil and gas operations. However, the two companies are now conflicted on their next steps to sustain...

A retail forex and contracts-for-difference (CFD) broker and retail banking provider based in Switzerland has released its annual report for the 2022 financial year. In this report, the brokerage company has reported the second-highest profit in the company's history. Dukascopy...

Zodia Custody, a cryptocurrency custody platform created by Standard Chartered towards the end of 2020, raised $36 million in a Series A funding round. The funding round attracted the participation of many investment companies, including the venture capital division of...