WASHINGTON — At least 25 bills have been introduced this Congress to further limit lawmakers and their family members from trading individual stocks, and representatives across the aisle renewed pressure Wednesday on U.S. House Speaker Mike Johnson to take up the issue. Their contention is members of Congress hold a serious advantage over everyday Americans
At present, the markets are moving sideways as optimism and caution balance each other. Valuations are elevated near record highs, limiting upside, while mixed economic data and uncertain Federal Reserve timing keep investors from turning fully bullish. Earnings have been solid but not catalytic, and sector rotation is creating uneven performance beneath the surface. The
The Baku Stock Exchange (BSE) is preparing to allow foreign brokers to connect remotely to the Tabadul Center, a move aimed at expanding international participation in Azerbaijan’s capital market. Azernews reports that this was was announced by Ogtay Gasimov, Deputy Chief Executive Officer and Chief Commercial Officer of the BSE, during the second day of
On paper, the idea of banning congressional stock trades has all the ingredients for success: supermajority support in polls, bipartisan sponsors, and public backing from House Speaker Mike Johnson, R-La. Everything in Washington, however, is not as it seems. Ahead of a House committee hearing on the flaws of the current rules on congressional stock
Stocks closed mostly higher on Wednesday as Wall Street recovered some ground from tech-led sell-off, as investors awaited earnings from Nvidia (NVDA) to set the tone for the next leg of the AI trade. The Nasdaq Composite (^IXIC) led the way on a recovery, climbing 0.6%, while the S&P 500 (^GSPC) put up a 0.4%
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Creating a single stream of all UK share trading data from across different markets would cost about £93mn and bring £100mn of benefits over the next decade by improving liquidity and lowering the cost of
TLDR Robinhood unveils three-phase strategy to convert tokenized stocks into blockchain assets that work across DeFi platforms Nearly 800 tokenized securities now available in Europe through Robinhood app, confined to platform in phase 1 Phase 2 will introduce 24/7 trading using Bitstamp infrastructure acquired for $200 million Final phase enables users to withdraw stock tokens
Meta Platforms (META) stock has dropped about 16% over the past 21 trading days. This recent decline signals renewed worries regarding slowing user growth and substantial investments in artificial intelligence and reality labs, but significant drops like this often raise a more difficult question: is this weakness temporary, or an indication of deeper issues in
Image source: Getty Images Looking across my ISA portfolio today, I’d say that Wise (LSE:WISE) is now my favourite UK growth stock. And if one City broker is correct, the share price is set to climb 47% over the next 12 months. Let’s take a closer look at why most analysts think this stock is
The stock trading brokerage released earnings, with strong growth across the board. Shares of eToro Group (ETOR +3.16%) gained 16.1% this week, according to data from S&P Global Market Intelligence. A stock brokerage platform focused on traders in Europe and the United States, it is benefiting from the bull market and increased trading volumes around