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Australia’s tax office is establishing a task force to monitor cryptocurrency transactions. The taskforce aims to ensure cryptocurrency investors are paying the correct amount of tax. Bitcoin is trading lower today, falling below $ US14,000 on the composite index The Australian Tax Office (ATO) is establishing a taskforce to monitor cryptocurrency transactions, according to a […]
Thomson Reuters Dave Lutz, head of ETFs at JonesTrading, has an overview of today’s markets. US stocks are rising Wednesday morning. Most of the world is trading in the green as well. Oil prices are climbing. Here’s Lutz: Morning! US Futures in Rally mode, led by a 20bp pop in Nasdaq as NVDA, MU and […]
Chip Somodevilla/Getty Facebook, Apple, Netflix, and Google are high up on the list of S&P 500 companies that investors added the most notional amount of short interest to this year. They’re also among the most heavily shorted right now, according to S3 Partners, a data analytics firm. Short sellers defied the tech rally and increased […]
Thomson Reuters Citigroup just announced a new class of 120 managing directors in its Institutional Clients Group. “A promotion to Managing Director is a career-defining accomplishment and each of these individuals makes a remarkable, differentiated contribution to Citi, fulfills our Leadership Standards and embodies our Mission of Progress,” Jamie Forese, CEO of the Institutional Clients Group […]
REUTERS/Yuriko Nakao Japanese men in their 30s and 40s are driving the cryptocurrency market. They overtook their Chinese counterparts after regulators started to shut down exchanges. Many Japanese retail traders are engaged in leveraged trading, using borrowed funds, and a survey showed that they are generally less financially literate than their US counterparts. Japanese […]
Spencer Platt/Getty Images According to an annual survey by Wall Street recruiting firm Options Group, compensation is going to drop for just about every business line in trading. Those running electronic markets for fixed income and equities are the exception. Investment bankers should expect a 10% increase on average. It’s not looking good for Wall Street traders. […]
Reuters Dave Lutz, head of ETFs at JonesTrading, has an overview of today’s markets. US stocks are mixed. European stocks are in the red. Oil has been slipping off the highs it made last week. Here’s Lutz: Good Morning! US Futures mixed, with DJIA up 20bp as M&A Continues (Cineworld for RGC) – but the […]
Dave Lutz, head of ETFs at JonesTrading, has an overview of today’s markets. US stocks are on the rise after the Senate passed their version of the GOP tax plan. European markets are mostly green Monday morning. Bitcoin rallied in Asia to hit $ 11,800 a coin. Here’s Lutz: Morning, and Happy Merger Monday (CVS […]
Reuters/Jeff Mitchell Walmart crushed its most recent earnings report, beating Wall Street profit and sales estimates while also raising full-year guidance. The company also grew e-commerce gross merchandise volume by 54%, suggesting that it’s holding off Amazon. Traders made adjustments to get more bullish heading into earnings, and they are positioned for more strength ahead […]
John Lamparski/Getty Images Nasdaq is preparing to launch a new data product called Intellicator, which aims to read sentiment toward different segments of Nasdaq’s options market. That’s prompted criticism from rivals. Startup exchange IEX published a blog Monday calling out Nasdaq for “selling out investors” in order to make money. Nasdaq, which is best known as a US equities exchange […]
