November 7, 2024

OSC fails to prove Cormark in illegal short-selling scheme

Article content Enforcement staff at the Ontario Securities Commission failed to prove allegations that a trio of sophisticated market participants including investment dealer Cormark Securities Inc. were involved in an “illegal and abusive” short selling scheme, an OSC tribunal ruled Thursday. The case was launched in 2022 and revolved around a complex series of transactions in 2017 including a private placement, a securities lending agreement, and short sales. Article content Enforcement staff

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November 7, 2024

AMC Entertainment posts revenue decline due to fewer big releases

An AMC theater is pictured in Times Square in the Manhattan borough of New York City. Carlo Allegri | Reuters AMC Entertainment on Wednesday reported a fall in third-quarter revenue and saw a decline in attendance at its theater chain, hurt by fewer blockbuster releases from Hollywood studios. Shares of the Leawood, Kansas-based company fell over 5% in extended trading. Strikes by actors and writers last year forced filming and

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November 7, 2024

AppLovin, top tech stock of 2024, soars another 45% on earnings beat

Adam Foroughi, CEO of AppLovin. CNBC AppLovin shares soared 45% on Thursday after the online gaming and advertising company issued guidance that was well above estimates and reported better-than-expected earnings and revenue. The stock jumped past $245 in early afternoon trading. It’s now up 515% this year, far outpacing all other tech companies valued at $5 billion or more, according to FactSet data. The rally has lifted AppLovin’s market cap

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November 7, 2024

Financial Products News #2024 – 39 Nasdaq Announces Launch of Four New Indexes Effective Wednesday, October 16th, 2024

Markets Impacted: Data Feeds Impacted: Nasdaq Global Index Data Service (GIDS) Nasdaq Global Index Watch (GIW) Nasdaq Global Index FlexFile Delivery (GIFFD) Contact Information: What you need to know: Effective Wednesday, October 16th, 2024, Nasdaq will begin disseminating the following new indexes on the Nasdaq Global Index Data ServiceSM (GIDS). What are the new indexes? The Nasdaq Dorsey Wright Tactical Option Income Strategy Index (NDWTOIS) seeks to track the five

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November 7, 2024

Buy USD dips tactically after Trump win, Citi says By Investing.com

Investing.com — Citi strategists encouraged investors to “buy US dollar dips tactically” in the wake of Donald Trump’s win in the elections. The bank expects the greenback to see further upside, especially against the euro (EUR) and Scandinavian currencies (Scandies), citing the recent underperformance of these currencies. Despite the uncertainty surrounding the House’s outcome, strategists note that the lack of ticket-splitting could suggest a “red wave” is more likely with

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November 7, 2024

Bitwise CIO Matt Hougan Says Wall Street and Institutions Will Adopt Crypto Regardless of Election Results

Donald Trump won the US presidential election on Tuesday, but Bitwise chief investment officer Matt Hougan thinks crypto was already on a long-term path to adoption regardless of who took the White House. Hougan noted in a recent analysis prior to the election that a Trump victory would help reduce regulatory risk for altcoins. However, the CIO also said the firm was bullish on Bitcoin (BTC), Ethereum (ETH) and stablecoins

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November 7, 2024

Neil deGrasse Tyson takes readers on a cosmic journey with “Merlin”

Neil deGrasse Tyson takes readers on a cosmic journey with “Merlin” – CBS News Watch CBS News Neil deGrasse Tyson explores the cosmos in his new book, “Merlin’s Tour of the Universe,” where he answers readers’ questions on galaxies, black holes and more. He joins “CBS Mornings” to share more his cosmic journey. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not

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