Job watch, oil rises and more: Thursday's 5 things to know

video Stock market will plunge another 15%: Eddie Ghabour Key Advisors Group, LLC owner Eddie Ghabour discusses how he’s allocating capital after the two-day stock market rally and if the Fed will pivot away from raising rates on ‘Varney & Co.’ Here are the key events taking place on Thursday that could impact trading. JOBLESS CLAIMS: The Labor Department will […]

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FSOC Publishes a Report Identifying 3 Key Weaknesses in Crypto Regulation

Following a meeting of the Treasury’s Financial Stability Oversight Council (FSOC), a unanimously-supported report was published. The report identifies three key weaknesses in the current state of crypto regulation and calls for tighter government control over the future development of digital assets. FSOC Report on the Future Regulation of Crypto Explained While Secretary Yellen pointed out in her remarks on […]

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Uniswap Labs in Talks to Raise Over $100M in New Funding: Report

Uniswap Labs started talks with investors to organize another funding round of $100 million to $100 million, according to TechCrunch. A new funding round of that size would value the owner of the DeFi protocol at about $1 billion, TechCrunch’s sources said. Another Funding Round Would Value Uniswap at $1B Uniswap Labs, the parent firm of the decentralized exchange (DEX) […]

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Rite Aid exec: Impossible to stop NYC store thefts

video Fox News’ Eric Shawn records brazen shoplifting in Manhattan store A man walks out of a New York City drugstore with a bag full of stolen goods in broad daylight. Rite Aid reported a very difficult quarter on Thursday when the pharmacy chain reported a much larger-than expected loss, sending shares plunging 28% in the session. The loss was […]

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Broadridge Financial Is Latest Target of Shortseller Spruce Point

Well-known short seller, Spruce Point Capital said on Wednesday said it opened a new position in Broadridge Financial Solutions, Inc. (US:BR), a fintech firm whose shares the firm believes will fall 65% to 75%, citing poor management, possible US Securities & Exchange Commission probe, and “shareholder abuse.” Broadridge, an S&P 500 member, describes its business as providing advanced technology and operations, […]

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France\u2019s Central Bank Governor Reveals Use-Cases of CBDC Including Tokenized Bonds

France’s Central Bank governor recently spoke about the potential use cases of wholesale central bank digital currency (CBDC) in the financial markets, and announce new projects to take advantage of these opportunities. The governor of France’s central bank said a wholesale CBDC “could significantly contribute to improving cross-border and cross-currency payments.” Wholesale CBDC Could Improve Cross-Border and Cross-Currency Payments, Says […]

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South Dakota 2022 Ballot Sees Measure To Legalize Cannabis Again

On May 25, the South Dakota Secretary of State announced that South Dakota voters will see the Marijuana Legalization Initiative, otherwise known as South Dakota Initiated Measure 27, on the ballot this November. If the majority of voters pick “Yes” on Initiated Measure 27, the state will legalize the recreational possession and distribution of cannabis for adults over 21. An […]

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Southwest Airlines COO stepping down amid leadership changes

video Why Southwest Airlines pilots protested: pilots association president Southwest Airlines Pilots Association president Capt. Casey Murray provides an insider’s perspective on pilots’ frustrations driving their contract negotiations on “Maria Bartiromo’s Wall Street.” Southwest Airlines announced Monday that its chief operating officer, Mike Van de Ven, will be stepping down. Ticker Security Last Change Change % LUV SOUTHWEST AIRLINES CO. […]

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