Author: FX

Hester Peirce of the United States Securities and Exchange Commission (SEC) has issued a dissenting opinion on the regulator’s lawsuit against blockchain firm LBRY. In an Oct. 27 statement, Peirce described feeling “unsettled” following the SEC’s enforcement action against LBRY in March 2021. In November 2022, a judge ruled in favor of the SEC, stating that the firm’s LBC token was a security. Though LBRY appealed the decision, the company announced in October that it planned to wind down, citing millions of dollars in debt due to legal costs. Continue Reading on Cointelegraph Source link

A weekend report via the Wall Street Journal (gated)A researcher at Two Sigma Investments adjusted the hedge fund’s investing models without authorization, the firm has told clients, leading to losses in some funds, big gains in others and fresh regulatory scrutiny.The researcher, Jian Wu, a senior vice president at New York-based Two Sigma, was trying to boost his compensationThe US Securities and Exchange Commission is examining the matter.Sheesh. Who doesn’t make adjustments to their models trying to boost their compensation? “Imagonna change this moving average from 5 to 6 periods ….” Source link

5./15 WEST/iStock Unreleased via Getty Images With Uber (NYSE:UBER) and Lyft (NASDAQ:LYFT) reporting quarterly earnings on Nov. 7 and Nov. 8, UBS is bullish on the results from both ride-share companies. However, the firm also said it sees lower multiples for both companies “given broader macro pressure across the internet sector.” UBS also likes Uber (UBER) over Lyft (LYFT). Consensus estimates for Uber (UBER) are GAAP EPS of $0.12 and revenue of $9.54B. In the prior-year period, the reported figures were -$0.61 and $8.34B. Only the top line was a beat. Regarding Uber (UBER), UBS says it results have the…

© Reuters. FILE PHOTO: A view shows a multi-storey residential building damaged in recent shelling in the course of Russia-Ukraine conflict in Donetsk, Russian-controlled Ukraine, October 26, 2023. REUTERS/Alexander Ermochenko By Max Hunder (Reuters) – Ukraine aims to hold a global “peace summit” of world leaders this year, Deputy Minister Mykola Tochytskyi said on Sunday after international representatives met in Malta over the weekend to discuss Kyiv’s peace formula for its war with Russia. “This aim remains necessary and possible … it has been demonstrated that there is interest in this,” Deputy Minister Mykola Tochytskyi told Reuters by phone shortly…

Geopolitical drivers were still driving price action but a heavy week of top tier catalysts took some attention away and required our strategists to be more strict with triggers and biases based on scenarios. Overall, we argue that at least half of our strategy discussions were effective, but how well a trader was able to watch news flow and adapt their risk management plans to that was likely more of a factor in outcomes this week. EUR/CHF 2-Hour Forex Chart by TradingView On Monday, we started the week once again with EUR/CHF, and like last week, we were leaning bearish…

If you’re new to trading and would like to know how to develop confidence in trading, click on the free guide! Recommended by Manish Jaradi Building Confidence in Trading Global equity markets declined, led by the US on mixed third-quarter earnings, lingering uncertainties in the Middle East, and higher for longer interest rate outlook.The MSCI All Country World index dropped 2.0%, the S&P 500 index fell 2.6%, and the Nasdaq 100 index declined 2.6%. The German DAX 40 fell 0.7% and the UK FTSE 100 dropped 1.4%. In Asia, the Hang Seng index fell 1.3%, while Japan’s Topix was mostly…

Nadzeya Haroshka The top pharmaceutical lobby group, PhRMA, and drug middlemen known as pharmacy benefit managers (PBM) have resumed their long-running battle over who is to blame for rising drug costs in the U.S. amid growing public scrutiny. The Biden Administration implemented the Inflation Reduction Act (IRA) this year, permitting the Centers for Medicare and Medicaid Services (CMS) to negotiate drug prices for the first time in history. The U.S. Congress has also stepped up efforts to rein in PBMs, which function as intermediaries between health plans, pharmaceutical manufacturers, and pharmacies. With its industry under pressure amid soaring healthcare costs…

ronniechua/iStock via Getty Images Permian Resources (NYSE:PR), Chord Energy (NASDAQ:CHRD), and Magnolia Oil & Gas (NYSE:MGY) could be the next acquisition targets in the oil industry as consolidation continues with Exxon Mobil’s (XOM) and Chevron’s (CVX) recent mega transactions. “All three of these could be very very interesting targets because they all have very good inventory,” Truist analyst Neal Dingmann said in an interview on CNBC on Friday. Dingmann also sees several private companies, especially in the Midland Basin, as likely acquisition targets. The analyst’s comments come after a Reuters report on Thursday that ConocoPhillips (COP) is considering an offer…

© Reuters. A view of the remains of a mosque and houses destroyed by Israeli strikes in the central Gaza Strip October 29, 2023. REUTERS/Mohammed Fayq Abu Mostafa JERUSALEM (Reuters) -Thousands of Gaza residents broke into warehouses and distribution centres of the United Nations Palestinian refugee agency (UNRWA) grabbing flour and “basic survival items”, the organisation said on Sunday. “This is a worrying sign that civil order is starting to break down after three weeks of war and a tight siege on Gaza,” the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) said in…

UPCOMING EVENTS:Monday: Australia Retail Sales.Tuesday: Japan Jobs data, Japan Retail Sales and Industrial Production, Chinese PMI, BoJ Policy Decision, Swiss Retail Sales, Eurozone GDP and CPI, Canada GDP, US ECI, US Consumer Confidence, New Zealand Jobs data.Wednesday: Chinese Caixin Manufacturing PMI, US ADP, Canada Manufacturing PMI, US ISM Manufacturing PMI, US Job Openings, FOMC Policy Decision.Thursday: Swiss CPI, US Challenger Job Cuts, BoE Policy Decision, US Jobless Claims.Friday: Chinese Caixin Services PMI, Eurozone Unemployment Rate, Canada Jobs data, US NFP, US ISM Services PMI. TuesdayThe BoJ is expected to keep everything unchanged with rates at -0.10% and YCC to target…