Day: July 17, 2020

Internet Was Not Under “Attack” During Global Outage, Says Cloudflare DNS; Sites & Services Starting To Stabilize – Update – Deadline
Stock News

Internet Was Not Under “Attack” During Global Outage, Says Cloudflare DNS; Sites & Services Starting To Stabilize – Update – Deadline

UPDATE,3:31 PM: The Internet is actually not under siege and you can still watch Netflix over the weekend, it turns out – though it certainly felt like the digital world had collapsed to PONG levels for a while today. There are still some dark spots out there, and some sites proving a little rickety, but one of the main providers of the routers that connect domains to their actual IP addresses says they have identified the problem and are watching out for more problems. “This afternoon we saw an outage across some parts of our network. It was not as a result of an attack,” said Cloudflare DNS on their blog just a few minutes ago after over an hour of interruption earlier Friday. “It appears a router on our global backbone announced bad routes and caused some portions of the network...
Cryptocurrency Exchange OKEx Lists Polkadot’s DOT Token
Crypto News

Cryptocurrency Exchange OKEx Lists Polkadot’s DOT Token

OKEx has listed the native token of Polkadot (DOT) on its trading platform. According to an announcement shared with Cointelegraph on July 17, DOT spot trading against Tether’s USDT stablecoin on OKEx started at 8:00 AM UTC today. As Cointelegraph recently reported, Pokadot’s technology allows developers to spin up a new blockchain within one hour. Per the announcement, DOT deposits and withdrawals aren’t supported yet, and the tokens can currently only be obtained by claiming them on the mainnet from Ethereum’s blockchain. OKEx also recently published a detailed guide on how to claim the Ethereum-based ERC20 DOT tokens to Polkadot’s mainnet in a way that makes them available on the exchange. OKEx announced no date for the launch of DOT withdrawals and deposits. Still, the exchange prom...
Cuban government eliminates tax on dollar and opens more stores in foreign currencies – OnCubaNews
Currencies

Cuban government eliminates tax on dollar and opens more stores in foreign currencies – OnCubaNews

Help us keep OnCuba alive The Cuban government announced this Thursday that it will abolish the tax on the U.S. dollar, which had been the complaint of many Cubans, both those who send remittances and those who receive them, especially from the United States. The suppression of this tax, in force for 15 years, is intended to encourage the purchase of goods freely convertible currency in state-run commercial establishments. It seeks to raise more foreign currency at a time when Cuba has received a severe blow to its main sources of income, particularly tourism, as a result of the current international situation and the increase in the U.S. embargo. Its elimination will come into effect on Monday July 20 and is part of a package of measures, many of them identified in previous programmat...
Neiman Marcus executives seek $10 million in bonuses during bankruptcy – CBS News
Stock News

Neiman Marcus executives seek $10 million in bonuses during bankruptcy – CBS News

Neiman Marcus is asking a federal bankruptcy court in Texas to allow almost $10 million in pay raises for CEO Geoffroy van Raemdonck and seven other executives as the company goes through debt restructuring. The proposed compensation plan covers staff who are "critical to day-to-day operations" and Neiman Marcus' financial success during the bankruptcy process, according to a court filing.  Neiman Marcus filed for bankruptcy protection in May after the coronavirus closed its stores. The Dallas-based clothing and department store famous for its over-the-top holiday catalog offerings was already preparing for a court-led reorganization of its $5 billion of debt.  As part of the bankruptcy filing, Neiman Marcus said it has secured $675 million in financing from a majority of cr...
Trading Forex: 5 Things You Have To Know Before You Start – Wealth Morning
Forex News

Trading Forex: 5 Things You Have To Know Before You Start – Wealth Morning

Getting into forex trading can be exciting. It’s a fairly unique form of trading, and a high-energy market by nature, which makes it fairly easy to get caught up in. That said, as with any other sort of financial management or investment, forex needs to be approached strategically. To help you with your own strategy, if you’re a true beginner, here are five things you absolutely need to know before you get started. 1. Forex pairs act differently In the past, we’ve gone over some specific strategies for forex traders in a piece entitled ‘Your Key to Forex Profits’. These strategies were geared more toward people who have some experience with forex, but one point is worth repeating for beginners: each currency pair has unique dynamics. As you may know, every trade in the forex market invol...
Coffee Day Enterprises Q1 results: Net profit at Rs 1,672.41 cr helped by sale of stake in Mindtree
Stock News

Coffee Day Enterprises Q1 results: Net profit at Rs 1,672.41 cr helped by sale of stake in Mindtree

New Delhi: Coffee Day Enterprises Ltd on Friday reported a consolidated net profit of Rs 1,672.41 crore for the April-June quarter, helped by stake sale in Mindtree. The company had posted a net profit of Rs 21.06 crore in the April-June quarter a year ago, Coffee Day Enterprises Ltd (CDEL) said in a BSE filing. Its revenue from operation was down 4.06 per cent to Rs 926.80 crore as against Rs 966.04 crore in the corresponding quarter of the last fiscal. Total expenses stood at Rs 1,128.57 crore in the June quarter of FY21, as against Rs 981.16 crore a year ago, up 15.02 per cent. It had a loss of Rs 181.49 crore before share of equity accounted investees and exceptional items and taxes. During the April-June quarter of FY21, the company has declared income of Rs 1,941.95 crore in the...
Sebi details mechanism to provide exit option to dissenting holders of REITs, InvITs
Stock News

Sebi details mechanism to provide exit option to dissenting holders of REITs, InvITs

Mumbai: The Securities and Exchange Board of India on Friday chalked out a mechanism to provide exit options to dissenting unit holders of REITs (Real Estate Investment Trusts) and InvITs (Infrastructure Investment Trusts). A REIT is created with the prime purpose of channelising the funds that could be invested into operational functioning or ownership of real estate that could further generate income for the investors. Similarly, InvITs too, are like mutual funds, which enable direct investment of small amounts of money from possible individual/institutional investors in infrastructure to earn a small portion of the income as return. In two separate circulars, the markets regulator said the acquirer providing exit option to dissenting unit holders should appoint merchant bankers, reg...
Friday’s ETF with Unusual Volume: IFV
ETFs

Friday’s ETF with Unusual Volume: IFV

The First Trust Dorsey Wright International Focus 5 ETF is seeing unusually high volume in afternoon trading Friday, with over 1.9 million shares traded versus three month average volume of about 88,000. Shares of IFV were up about 0.6% on the day. Components of that ETF with the highest volume on Friday were Proshares Ultra Semiconductors, trading up about 1.2% with over 11,000 shares changing hands so far this session, and First Trust Switzerland Alphadex Fund, up about 0.2% on volume of over 3,303 shares. First Trust China Alphadex Fund is lagging other components of the First Trust Dorsey Wright International Focus 5 ETF Friday, trading lower by about 2.6%. VIDEO: Friday's ETF with Unusual Volume: IFV The views and opinions expressed herein are the views and opinions of the aut...
Friday’s ETF Movers: GDXJ, KBE
ETFs

Friday’s ETF Movers: GDXJ, KBE

In trading on Friday, the Junior Gold Miners ETF is outperforming other ETFs, up about 3.2% on the day. Components of that ETF showing particular strength include shares of Sulliden Mining Capital, up about 14.3% and shares of Silvercorp Metals, up about 9.7% on the day. And underperforming other ETFs today is the SPDR— S&P— Bank ETF, down about 1.3% in Friday afternoon trading. Among components of that ETF with the weakest showing on Friday were shares of Synovus Financial, lower by about 3.9%, and shares of Regions Financial, lower by about 3.7% on the day. VIDEO: Friday's ETF Movers: GDXJ, KBE The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Soure: Nasdaq
BSV: ETF Inflow Alert
ETFs

BSV: ETF Inflow Alert

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Short-Term Bond ETF (Symbol: BSV) where we have detected an approximate $1.1 billion dollar inflow -- that's a 4.7% increase week over week in outstanding units (from 282,812,541 to 296,212,541). The chart below shows the one year price performance of BSV, versus its 200 day moving average: Looking at the chart above, BSV's low point in its 52 week range is $78.10 per share, with $83.16 as the 52 week high point — that compares with a last trade of $83.11. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique . Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares...