Tag Archives: trading

China, moving cautiously, starts carbon trading market


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Robinhood: US family sue trading app over son’s suicide


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Washington Threatens Wall Street with Action after GameStop Trading Restrictions


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Robinhood halts trading of GameStop and other heavily shorted stocks as hedge funds suffer


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Justice Department drops COVID-19 insider trading case against GOP Sen. Richard Burr


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Report: Several Senate Democrats are talking about trading the testimony of Hunter Biden for John Bolton

Report: Several Senate Democrats are talking about trading the testimony of Hunter Biden for John BoltonSome Democratic senators are privately discussing what would happen if they told Republicans that former Vice President Joe Biden's son Hunter Biden should testify in President Trump's impeachment trial — so long as former National Security Adviser John Bolton does, too.Multiple Democratic officials told The Washington Post that lawmakers are discussing trading Bolton for Biden, as they feel having Bolton testify in the trial is that important. The impeachment charges allege that Trump froze approved military aid and withheld a meeting from Ukrainian President Volodymyr Zelensky as a way to pressure Zelensky into announcing an investigation into the Bidens. Hunter Biden once served on the board of Burisma, a Ukrainian gas company, and Trump allies like Rudy Giuliani have pushed unfounded allegations that Joe Biden protected his son from a corruption probe. Hunter Biden was never accused of any wrongdoing during his time at Burisma.Democrats want Bolton and other witnesses who potentially have firsthand knowledge about Trump's Ukraine decisions to testify in the trial. Although Democrats believe Hunter Biden is irrelevant to the trial, Republicans like Sen. Ted Cruz (R-Texas) have said he should testify, and the Democrats see this as an opening to get Bolton in as well, the Post reports. Some Democrats worry this takes the spotlight off of Trump, who is actually the one on trial, but others think having Hunter or Joe Biden testify would backfire against Trump."If you want to give Joe Biden an opportunity to sit in the well of the Senate and answer the question, 'Do you think the president acted appropriately?' go right ahead," Sen. Chris Coons (D-Del.) told the Post. "I can't imagine a person more comfortable in the well of the Senate than a man who spent 36 years here as a United States senator." Read more at The Washington Post.More stories from theweek.com Saudis get dragged for requesting an investigation of 'absurd' claims crown prince hacked Jeff Bezos' phone White House counsel falsely claims Adam Schiff blocked Republicans from attending classified impeachment meetings The real problem with McConnell's impeachment rules



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Democrats Seek Insider Trading Probe After ‘Trump Chaos’ Article

Democrats Seek Insider Trading Probe After ‘Trump Chaos’ Article(Bloomberg) — Democratic lawmakers are increasingly demanding that U.S. authorities investigate allegations raised in a recent magazine article that traders might be using non-public government information to reap huge illegal profits, even as the exchange where the transactions purportedly took place called the story “patently false.”In a Monday letter, 14 Democratic senators urged the heads of the Justice Department, FBI, Commodity Futures Trading Commission and Securities and Exchange Commission to probe “disturbing reports of suspicious trading in our futures and equities markets” described in a Vanity Fair piece. The magazine referred to the transactions as “Trump Chaos Trades.”Since the story’s publication, the suggestion that White House leaks could be a factor in futures traders making billions of dollars from well-timed bets ahead of major geopolitical announcements has fueled endless chatter from Washington to Wall Street. Still, the article has been met with widespread skepticism from the financial industry.CME Group Inc., the world’s biggest futures exchange, has dismissed the claims, arguing that the trades highlighted in the story couldn’t have been based on inside information because too many market participants were involved. The article describes five big transactions in S&P 500 e-mini futures from June 28 to Sept. 13, ranging from 55,000 to 420,000 contracts.“As it relates to the Vanity Fair article published on October 17, 2019, regarding activities in the E-mini S&P futures contract, the allegations about the trading activity are patently false,” CME said in an Oct. 18 statement.In Monday’s letter, Democrats said they wanted federal authorities “to investigate immediately whether any rules, laws or regulations were violated.” The lawmakers added that “if any wrongdoing is uncovered, we demand that you swiftly hold violators accountable to the fullest extent possible.”Spokesmen for the SEC and Justice Department declined to comment, while spokesmen for the FBI and CFTC didn’t immediately respond to requests for comment.The wagers cited by Vanity Fair were made shortly before market-moving news — three times involving the U.S.-China trade war, once involving the bombing of Saudi oil fields and once involving Hong Kong politics. Thanks to market reactions, the magazine said, people involved in the transactions could’ve booked gains of between $ 82.5 million on the smallest to $ 1.8 billion on the biggest.The story’s author, William D. Cohan, has said that finance professionals with decades of experience alerted him to the trades. Cohan, a former Bloomberg Opinion columnist, has said that factors other than illegal buying-and-selling could explain the transactions and that he doesn’t know whether any nefarious activity actually occurred.Earlier Monday, Angus King, an independent Maine senator who caucuses with the Democrats, also called on the SEC to investigate. Last week, Democratic Representatives Ted Lieu and Kathleen Rice requested a federal investigation into the timing around sales of e-mini futures contracts before significant geopolitical events or statements from Trump.\–With assistance from Nick Baker.To contact the reporters on this story: Ben Bain in Washington at bbain2@bloomberg.net;Matt Robinson in New York at mrobinson55@bloomberg.netTo contact the editors responsible for this story: Jesse Westbrook at jwestbrook1@bloomberg.net, Gregory MottFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.



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New York congressman resigns ahead of insider trading plea

New York congressman resigns ahead of insider trading pleaA senior Democratic aide speaking on condition of anonymity said Monday that the office of U.S. House of Representatives Speaker Nancy Pelosi had received Collins’ letter of resignation, and that it would become effective Tuesday. Collins, 69, is scheduled to appear in Manhattan federal that day to enter his guilty plea, court records show. Collins’ son, Cameron Collins, and another man, Stephen Zarsky, are also scheduled to plead guilty in the case on Thursday.



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Trump joked about trading Puerto Rico for Greenland, report says

Trump joked about trading Puerto Rico for Greenland, report saysDonald Trump joked about trading Puerto Rico for Greenland during a year-long private discussion about purchasing the Danish territory, a report has claimed.It comes amid an international row over the president’s handling of Denmark‘s opposition to the deal, during which he has lashed out wildly at the Scandinavian nation despite previously saying it was “not number one on the burner”.



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Shares Soar on First Day of Trading for China's Nasdaq Rival

Shares Soar on First Day of Trading for China's Nasdaq RivalThe launch comes amid high tensions with the U.S. over a damaging trade war



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