EUR/USD 1.17685
-0.115%
Gold 4854.42
1.329%
Oil 82.946
-7.452%
USD/JPY 158.556
-0.368%
GBP/USD 1.35187
-0.057%
GBP/JPY 214.355
-0.412%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The Dow Jones Industrial Average rose 869.20 points, or 1.79%, to close at 49,447.92 on Friday, April 17; the S&P 500 rose 84.79 points, or 1.20%, to close at 7,126.07; and the Nasdaq Composite rose 365.78 points, or 1.52%, to close at 24,468.48.On April 18th, U.S. stocks closed higher on Friday. The Dow Jones Industrial Average rose 1.79%, the S&P 500 gained 1.2%, and the Nasdaq Composite climbed 1.52%. The Nasdaq Composite extended its winning streak to 13 consecutive trading days, reaching a new record high, its longest winning streak since January 1992. Apple (AAPL.O) closed up 2.5%, Tesla (TSLA.O) rose 3%, and Meta Platforms (META.O) gained 1.7%. Netflix (NFLX.O) fell nearly 10%. The Nasdaq China Golden Dragon Index closed up 0.5%, and Alibaba (BABA.N) rose 1.7%.The U.S. State Department has approved a $11.9 billion sale to Germany of a potential integrated combat system and related support equipment.On April 18, European Central Bank (ECB) Governing Council member Koch stated that the ECB must avoid hasty policy actions due to the Middle East conflict. He said, "It is reasonable to clearly communicate that we will not accept an inflation trajectory that deviates from our mission targets, but there is no need to react prematurely to situations that may not occur in the future." He added, "Uncertainty remains high. Seeing positive signals is good, but we are unsure whether these signals will be sustained. We need to remain open-minded before the meeting, and even during the meeting." "Even if the Strait of Hormuz is truly fully open, a return to more normalcy will take time. Friction will persist, and some energy production and transportation facilities have already been damaged." Koch is generally considered a hawkish member of the Governing Council. He emphasized, "We may be seeing some improvement now, but the economic shock has already occurred, making our baseline scenario the best-case scenario." He also stressed that medium-term inflation expectations "remain fairly stable."ECB Governing Council member Kazak: Im not sure yet that the next interest rate adjustment will be a rate hike.

U.S. Senate to hold FTX hearing on Dec. 1, CFTC chairman to testify

Cory Russell

Nov 22, 2022 15:35

微信截图_20221122104317.png


The U.S. Senate Agriculture Committee on Thursday said it will hold a hearing on Dec. 1 to examine the sudden collapse of FTX, one of the world’s biggest crypto exchanges.


FTX filed for bankruptcy on Nov. 11, leaving an estimated 1 million customers and other investors facing billions of dollars in total losses. The firm’s failure has created a liquidity crunch that has rippled across the industry and sent the prices of bitcoin and other digital assets plummeting.


Rostin Behnam, the chairman of the Commodity Futures Trading Commission, is the first witness named for the hearing, titled, “Why Congress Needs to Act: Lessons Learned from the FTX Collapse.”


U.S. Senate Agriculture Committee Chair Debbie Stabenow also on Thursday called on Congress to pass the bipartisan Digital Commodities Consumer Protection Act, which she said, “would have prohibited the misconduct and risky behavior undertaken by FTX.”


The U.S. House Financial Services Committee has also said it plans to hold a hearing in December to investigate FTX’s collapse.


Suggestion