Annabelle Liang, Associated Press Updated 10:28 pm CDT, Sunday, July 29, 2018 SINGAPORE (AP) — Asian markets fell Monday after a steep decline in the U.S. technology sector weighed on Wall Street at the end of the week despite data showing the economy was growing. KEEPING SCORE: Japan's Nikkei 225 index dropped 0.6 percent to 22,587.70 and South Korea's Kospi edged 0.1 percent lower to 2,293.92. The Shanghai Composite index slipped 0.4 percent to 2,863.40 and Hong Kong's Hang Seng index lost 0.5 percent to 28,653.29. Australia's S&P ASX 200 gave up 0.5 percent to 6,266.30. Shares gained in Indonesia but were lower in Taiwan and Singapore. MySA News Videos Now Playing: Now Playing The Docket: Luis Antonio Arroyo Media: San Antonio Express-News Man assaulted, shot near North Side high school, police say Media: San Antonio Express-News SAPD: 2 drivers arrested following officer-involved crash outside Redneck Heaven Media: San Antonio … [Read more...] about Asia stocks fall to start week, following Wall Street losses
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Frank Chaparro, provided by Published 3:31 pm, Wednesday, March 14, 2018 REUTERS/Jonathan Ernst The SEC is supporting an examination of the maker taker stock trading model, where certain stock exchanges compensate market makers and other trading firms for executing stock orders on their venues. NYSE, Nasdaq, and Cboe are in favor of the model, while IEX, America's newest stock exchange, is against it. A new-pilot program approved by the agency on Wednesday will test the efficacy of the maker taker model. The Securities and Exchange Commission agreed to move forward a pilot program that would examine a controversial Wall Street practice. Recommended Video: Now Playing: On Wall Street, regular investors and experts alike had mixed thoughts about the outlook for the market amid extremely volitile week of trading on the New York Stock Exchange. (Feb. 8) Media: Associated Press The agency on Wednesday approved the so-called access fee pilot program, which … [Read more...] about A controversial practice tearing Wall Street apart is about to be put to the test
Frank Chaparro, provided by Published 7:26 pm, Friday, March 9, 2018 LMAX Cryptocurrency-exchanges are growing fast thanks to the booming market for digital coins. That has David Mercer, the CEO of LMAX Exchange, a foreign exchange trading firm, warning Wall Street that crypto-exchanges might soon come after their respective businesses. Some of most powerful people on Wall Street have derided cryptocurrencies as a "fraud," "bleeding edge," and as a "bubble." But it might be cryptocurrency-companies that have the last laugh, according to David Mercer, the chief executive of LMAX Exchange, a UK-based forex trading technology company. LATEST BUSINESS VIDEOS Now Playing: Now Playing Chip and Joanna Gaines Turn Fixer Upper Into Hot New Restaurant Buzz 60 Fed Chair On Strong Outlook, New Rates Forecast Associated Press Johnnie Walker Unveils Jane Walker Logo Fortune Could This Renault EZ-Go be the Future of Self-Driving Taxis? Buzz 60 What is … [Read more...] about ‘We all better listen up’: The CEO of an FX trading firm says Wall Street needs to pay attention to the breakneck growth of crypto exchanges
Mike Shields, provided by Published 5:00 am, Wednesday, March 7, 2018 Michael Seto/Business Insider The startup NewsGuard has raised $6 million to help combat the spread of fake news. The firm is confident that tech platforms like Facebook and Google will pay to license the tool since these companies don't want to be in the business of policing content. The ad giant Publicis, a lead investor, says it's crucial for the platforms to try everything; fake news is "a disease that is contaminating their image." A new startup says it can help build a wall around fake news — and make Facebook and Google pay for it. Recommended Video: Now Playing: As 4,000 VIP guests gather at the World Government Summit in Dubai to discuss everything from business, politics and technology, Inspire Middle East brings to you exclusive interviews with two of the most illuminating personalities on the ground. Will.I.Am on music, technology and education: World-famous … [Read more...] about The former publisher of The Wall Street Journal says Facebook and Google don’t really want to be the ones solving their fake-news problem — so he hopes to do it for them
In 1994, President Bill Clinton signed a ban on semi-automatic assault-style weapons into law. Eight weeks later the Democrats were out of office and pro-gun lobby group, the National Rifle Association (NRA), claimed it as a scalp. A decade later Congress let the ban lapse. Twitter is littered with the use of “#1994” – a warning to politicians of what can happen should they go head-to-head with the NRA. Following the shooting that killed 17 at a school in Florida, Democrats are making fresh calls to ban semi-automatic firearms. The gun used was a semi-automatic assault rifle, an AR-15. As the school community took to social media to decry the 150th mass shooting since 1966, shares in gun manufacturers bounced. People expected the traditional response: a spike in gun sales. Standing in front of an array of weaponry, Howell Copp reflected on how demand for guns is already on the increase in the wake of the Parkland shooting. Fearing fresh curbs on gun ownership, … [Read more...] about America’s gun problem: does the answer lie with Wall Street?