Day: September 28, 2020

Anonymous donor saves OpenBazaar… for now
Crypto News

Anonymous donor saves OpenBazaar… for now

On September 25, OpenBazaar announced that their platform would likely shut down due to financial difficulties, stating that user growth and adoption had stalled. According to a tweet published on Open Bazaar’s official Twitter account, a mysterious donor has since agreed to cover the cost of the marketplace’s operations through the end of the year. While the exact amount of funding provided was not disclosed, OpenBazaar’s donation wallets have received over $13,000 as of publication. These funds came in the form of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and other crypto donations. With its first beta released in 2014, OpenBazaar raised US$1 million in seed funding in less than a year with the help of Andreesen Horowitz, Union Square Ventures, and angel investor William Mougay...
Five questions we’re hearing from investors
Investing

Five questions we’re hearing from investors

There is a feeling of apprehension in markets. I can sense it in the questions I receive. I continue to get more run-of-the-mill queries such as: “Are stocks still overvalued at current levels?” But then there are the new questions, which reflect deeper concerns. Most of the election-related questions I have received are like none I have gotten before in my career. What if there is a second wave of COVID-19? Infections have spiked in a number of European and North American countries. I am hopeful that there won’t be a major second wave, but I believe there is a good possibility that there will be one. However, enough has been learned about managing the virus that even if there is a major second wave, I expect hospitalizations and especially deaths to be lower. If there aren’t a high leve...
South Korea BOK Manufacturing BSI came in at 70 below forecasts (71) in October
Forex

South Korea BOK Manufacturing BSI came in at 70 below forecasts (71) in October

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if ...
Free Trading Video Tutorials: Forex, Strategies and More
Online Trading, Suggested, Trading Tips

Free Trading Video Tutorials: Forex, Strategies and More

Not all traders know that there is a special section on the IQ Option platform dedicated to video tutorials. There you will find all sorts of videos: about trading instruments, indicators, strategies and important patterns you, as a trader, could find useful . Videos are useful for grasping basic concepts of trading in a relatively short period of time and at the same time complement information you get from other sources. Here is how to access the tutorials when using web or standalone versions of the IQ Option application. First, push the ‘More’ button in the bottom left corner of the trade room. Then click ‘Video tutorials’ and pick the category you would like to explore. It is even easier to find the video that you might be interested in when using a smartphone. Click on th...
SEC fines two companies for improperly reporting earnings, first in ‘EPS Initiative’
Stock News

SEC fines two companies for improperly reporting earnings, first in ‘EPS Initiative’

The US Securities and Exchange Commission fined two companies for violations that resulted in improper reporting of quarterly earnings, the regulator's first enforcement actions under a program to detect such violations. In a statement on Monday, the SEC said carpet manufacturer Interface Inc will pay a $5 million civil fine while the Pennsylvania bank Fulton Financial Corp will pay a $1.5 million civil fine. Neither admitted or denied wrongdoing. Monday's actions result from the SEC's EPS Initiative, which uses risk-based data analytics to uncover suspect accounting and disclosure practices that can enable companies to report earnings per share that appear consistent or please Wall Street. "Public company financial reporting should not present a misleading picture of performance," Ste...
CFTC charges crypto futures trading platform for failure to register in the US
Crypto News, Trading

CFTC charges crypto futures trading platform for failure to register in the US

On Monday, the Commodity Futures Trading Commission filed charges against Laino Group for soliciting U.S. investors to trade in futures on commodities including Ether, Litecoin and Bitcoin without registering with the commission. Per the CFTC's complaint the St. Vincent-registered Laino Group, doing business as PaxForex, used a network of U.S.-based affiliates to solicit American retail investors. In doing so, Laino Group violated the Commodity Exchange Act. The CFTC did not specify the extent of Laino Group's activities. The commission's request for relief indeed suggest that they themselves don't know how much the trading platform took in without registering. In addition to calling for full return of all funds accumulated, the CFTC's complaint asks for: An order directing that Defen...
US: Dallas Fed Manufacturing Business Index rises from 8 to 13.6 in September
Forex

US: Dallas Fed Manufacturing Business Index rises from 8 to 13.6 in September

Dallas Fed's survey shows ongoing expansion in Texas' manufacturing activity. US Dollar Index stays in the negative territory near 94.30 after the data. The economic activity in Texas' manufacturing sector expanded at a stronger pace in September than it did in August with the General Business Activity Index of the Federal Reserve Bank of Dallas' Manufacturing Outlook Survey rising to 13.6 from 8. Further details of the publication revealed that the Production Index improved to 22.3 from 13.1, the Employment Index edged higher to 14.5 from 10.6 and the Company Outlook Index declined to 14.9 from 16.6. Market reaction The US Dollar Index largely ignored this report and was last seen losing 0.3% on a daily basis at 94.29. Credit: FX Street
Stocks extend rally, with the Dow up 500 points as banks and tech rise
Business news

Stocks extend rally, with the Dow up 500 points as banks and tech rise

Stocks rose sharply on Monday as Wall Street built on the strong gains from the previous session. The Dow Jones Industrial Average traded 456 points higher, or 1.7%. The S&P 500 gained 1.5% along with the Nasdaq Composite. Shares of major tech names rose broadly. Facebook and Amazon climbed 0.9% and 2%, respectively. Apple and Netflix were up more than 1% each. Alphabet advanced 1.6% and Microsoft traded higher by 1.1%. Bank stocks also contributed to Monday's gains. JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley all popped more than 1%. Sentiment on Wall Street got a boost after House Speaker Nancy Pelosi said Sunday a last-minute coronavirus aid deal remains on the table as House Democrats try to forge ahead on a smaller aid package co...
Trump, tax and hacks: 5 things shaping Bitcoin price action this week
Crypto News

Trump, tax and hacks: 5 things shaping Bitcoin price action this week

Bitcoin (BTC) starts the week pushing for $11,000 as ranging behavior continues, but futures gap danger remains. Cointelegraph takes a look at five factors that could shape Bitcoin price action in the coming week. Trump tax files see $11,000 BTC price bounce Sunday provided an unexpected boost to Bitcoin after a week of lackluster price performance. This was thanks to an investigation into United States’ President Donald Trump’s tax records, the results of which were published by the New York Times. The details include just $750 in tax paid by Trump in his election-year 2016, while no further links to Russia — a major source of contention at the time. Nonetheless, the publication could have implications for Trump’s chances in the run-up to this year’s election, and markets will be kee...
European stocks jump after China data, banking rebound
Stock News

European stocks jump after China data, banking rebound

European stocks partly recovered from last week's hefty losses on Monday, helped by upbeat industrial profits data from China and a jump in German lender Commerzbank after it appointed a new chief executive officer. Commerzbank rose 4.3% after it named a top manager at rival Deutsche Bank Manfred Knof to lead the bank, which has been in turmoil following the sudden resignation of its CEO in early July. HSBC Holdings surged 10.1% after Chinese insurance group Ping An , the biggest shareholder in the British lender, boosted its stake. Banking stocks gained 3.6%, bouncing off all-time lows hit last week. ArcelorMittal SA rose 8% after Cleveland-Cliffs agreed to buy the U.S. assets of the steelmaker for about $1.4 billion. The pan-European STOXX 600 index rose 1.4% by 0711 GMT after last...