Thursday, August 6

Day: 7 July 2020

CFTC Is Waiting on SEC to Allow Futures Trading of More Digital Assets, Says CFTC Chairman
Crypto News

CFTC Is Waiting on SEC to Allow Futures Trading of More Digital Assets, Says CFTC Chairman

In a July 7 interview with predecessor Jim Newsome, current Chairman of the Commodity Futures Trading Commission (CFTC) Heath Tarbert ran down a list of pending concerns standing between cryptocurrencies and the long-awaited promised land of regulatory clarity. Securities regulation and the CFTC’s purview Tarbert was careful to outline the distinction between the work of the CFTC and its elder brother regulator, the Securities and Exchange Commission, or SEC.  The determination of whether a digital asset is a security is “the sole province of the SEC,” Tarbert explained. “If their determination is that it’s not a security then we can start taking it under our own purview.”  He continued: “Once you start seeing more clarity on whether something is or is not a security, you wil...
Dunkin’ Is Closing 450 Of Its Locations Inside Of Speedway Gas Stations – Delish
Stock News

Dunkin’ Is Closing 450 Of Its Locations Inside Of Speedway Gas Stations – Delish

Dunkin' will be permanently closing 450 of its store locations inside of Speedway gas stations, multiple outlets are reporting. The news was actually first reported back in February by Restaurant Business Online following an earnings call. During that call, president of Dunkin' Americas Scott Murphy said that by closing these locations, the company will be "better positioned to serve many of these trade areas with future Dunkin’ restaurants that reflect the full expression of our next-generation restaurant design." Many of these in-station locations offer a limited menu and are much smaller than the company's standalone restaurants. It's unclear why the news is resurfacing months later, but Dunkin' confirmed the closures to The Today Show via a statement from Dunkin's chief financial offi...
Commodities Trading and Risk Management Software Market Growth By Manufacturers, Type And Application, Forecast To 2026 – 3rd Watch News
Commodities

Commodities Trading and Risk Management Software Market Growth By Manufacturers, Type And Application, Forecast To 2026 – 3rd Watch News

New Jersey, United States,- Market Research Intellect sheds light on the market scope, potential, and performance perspective of the Global Commodities Trading and Risk Management Software Market by carrying out an extensive market analysis. Pivotal market aspects like market trends, the shift in customer preferences, fluctuating consumption, cost volatility, the product range available in the market, growth rate, drivers and constraints, financial standing, and challenges existing in the market are comprehensively evaluated to deduce their impact on the growth of the market in the coming years. The report also gives an industry-wide competitive analysis, highlighting the different market segments, individual market share of leading players, and the contemporary market scenario and the m...
IPO Update: nCino Plans $175 Million IPO
Stock News

IPO Update: nCino Plans $175 Million IPO

Quick Take nCino (NCNO) has filed to raise $175.4 million from the sale of its common stock in an IPO, according to an amended registration statement. The company provides a variety of cloud-delivered software technologies to financial institutions seeking to modernize their onboarding, loan origination and account opening systems. NCNO has produced a strong revenue growth rate, is making a path toward profitability, has low operational cash burn, high dollar-based net retention rate and strong industry prospects, and the IPO appears reasonably valued, although not cheap. Company & Technology Wilmington, North Carolina-based nCino was founded to develop cloud-based financial software to assist financial institutions in serving their customers in an efficient and modern manner. Managem...
GMR closes stake sale deal in airport biz to France’s ADP
Stock News

GMR closes stake sale deal in airport biz to France’s ADP

New Delhi: GMR Infrastructure Ltd, the company that operates Delhi and Hyderabad airports, today said that it has successfully completed its deal to sell 49% stake in its airports’ business to France’s Groupe ADP. The contours of the deal, however, has undergone ‘slight modifications’ due to circumstances arising out of the economic impact of COVID19 pandemic on businesses. “As per the revised Share Purchase Agreement, the second tranche of the investment for 24.01% of GMR Airports Limited (GAL) has been structured in two parts: A firm amount, immediately paid at Second closing, for a total of Rs 4,565 Crore, including Rs 1,000 crore equity infusion in GAL. Earn-outs amounting to Rs 1,060 Crore, subject to the achievement of certain performance related targets by GAL up to FY2024,” said...
Share Market Trading Tips for 8th July 2020
Top Trading, Trading Tips

Share Market Trading Tips for 8th July 2020

SELL GUJGASLTD (NSE Code) Sell Below 306.25 after cooling period. SIGNAL : BEARISH GAP DOWN BREAKOUT AT HIGHER LEVELS. Stop Loss : 328.35 Target : 289.15 (Short term) HOT BUZZING STOCKS (08.07.2020) NSE SYMBOL      CLOSING RATE DHUNINV    244.80 BGRENERGY    59.45 CHALET    150.70 IGPL    173.40 TIRUMALCHM    57.85 MMP    77.85 PRSMJOHNSN    53.20 AFFLE    1680.50 ARMANFIN    503.40 ASHIANA    71.40 AUBANK    625.00 SADBHAV    48.30 VARROC    201.75 AXISCADES    65.20 JINDWORLD    52.60 SWSOLAR    245.35 IBREALEST    ...
Binance Expands Reach With New Gateway for 15 Fiat Currencies – CoinDesk – CoinDesk
Currencies

Binance Expands Reach With New Gateway for 15 Fiat Currencies – CoinDesk – CoinDesk

Cryptocurrency exchange Binance has teamed with settlement provider Etana Custody to increase the options for users buying digital assets with fiat currencies. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
FOREX-Dollar edges higher as virus worries sap risk appetite – Yahoo Finance
Forex News

FOREX-Dollar edges higher as virus worries sap risk appetite – Yahoo Finance

* Dollar index 0.03% lower * Pound near 3-week highs before government releases spending plans (New throughout, updates prices, market activity, comments to U.S. market open; previous LONDON) By Saqib Iqbal Ahmed NEW YORK, July 7 (Reuters) - The U.S. dollar inched higher against a basket of currencies on Tuesday, holding above the near two-week low hit in the previous session, as investors turned uneasy over new coronavirus flare-ups and local lockdowns in some countries. The U.S. Dollar Currency Index, which measures the greenback's strength against six major currencies, was 0.03% higher at 96.774. On Monday, the index had fallen as low as 96.565 with its 50-day moving average slipping below its 200-day average, viewed as a bearish signal. "While risk appetite has held the upper hand, p...
Commodities, Forex News

Copper in Q3

US Tech, Gold and Copper stocks are the 3 markets that look technically positive at the moment, while others are moving evenly to the side. The US100 continues to trade near record highs, Gold is at its highest level in around eight years and Copper is at levels last seen in January. Strengthening the price of Tech and Copper shares in general is seen as a good indicator of global growth and shows that market sentiment remains positive despite an increase in virus cases in the US and Australia. An increase in gold prices tends to give an indication of a vulnerable economy; it could be in recession or there could be geopolitical instability. Copper Copper prices are believed to provide a measure of economic health, because changes in copper prices can suggest global growth or an upcoming r...
Risk currencies breathe after rally, virus resurgence buoys dollar – Kitco NEWS
Currencies

Risk currencies breathe after rally, virus resurgence buoys dollar – Kitco NEWS

LONDON (Reuters) - Risk currencies such as the Australian dollar took a breather from recent gains on Tuesday, with investors hitting pause on an China-led equity market rally, as new coronavirus flare-ups and local lockdowns in some countries lifted the safe-haven dollar. Riskier currencies such as the commodity-driven Aussie, Norwegian crown, the New Zealand dollar and the Swedish crown have rallied strongly since April alongside increased risk appetite in global markets. But with a blazing run-up led by Chinese equities cooling in other stock markets on Tuesday, surging coronavirus infections in places that are attempting a reopening, and regional lockdowns still being introduced, investors appeared to take their foot off the gas. Lockdown measures were reimposed in Australia’s secon...