Wall Street’s top regulator is looking to change the rules around equity trading

The U.S. Securities and Exchange Commission (SEC), the top US stock market regulator, is reviewing possible changes to some of the stock market’s most fundamental rules according to remarks made by Chairman Gary Gensler on Wednesday (June 9) at an industry conference in New York. “I’ve asked staff to make recommendations for the Commission’s consideration on best execution, Regulation NMS, payment-for-order flow,

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Soros Fund Management snapped up stocks linked to Archegos meteoric fall

NY-based investment company Soros Fund Management bought shares of ViacomCBS, Baidu Vipshop Holdings Ltd and Tencent Music Entertainment Group  during the first quarter of 2021, according to the most recent filings of the investment company. Soros bought $194 million in media conglomerate ViacomCBS shares, $77 million in tech giant Baidu shares, $46 million worth of online discount retailer Vipshop Holdings Ltd shares and $34

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Netflix tanks in after-hours trading on big subscriber miss

Shares of online-video streaming giant Netflix Inc. closed Tuesday’s trading at $549.57, down $4.87 or 0.88%, on the Nasdaq. The stock further dropped $56.28 or 10.24%, in the after-hours trading after the California-based company’s first-quarter subscriber additions fell short of Wall Street expectations. Netflix added 3.98 million subscribers globally in the quarter, far below its forecast of 6.00 million, to end the

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Foreign investors pull $3.18 billion from Asian stocks in March

Overseas investors were net sellers of Asian stocks for third consecutive month in March, as a spike in U.S. bond yields and a stronger greenback prompted outflows from the region. Foreigners sold a net combined total of $3.18 billion in South Korean, Taiwanese, Philippine, Thai, Vietnamese, Indonesian, and Indian equities last month, data from the local bourses showed. Asian stocks looked lucrative

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Emerging markets equities set to perform well in 2021

Emerging markets equities have proven relatively resilient through the market chaos of 2020. Growth has come mostly from internet and broader technology stocks in China, South Korea and Taiwan, the three countries which account for two-thirds of the global equities index. Emerging markets have handed investors more than $5 trillion in wealth this year and market watchers may be confident the rally

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Stellar start for carmaker Stellantis

Carmaker Stellantis shares started trading on Euronext’s regulated market in Paris on Jan.18, following the historic merger of French group Peugeot S.A. (PSA) and US-Italian Fiat Chrysler Automobiles (FCA). The Stellantis shares also began trading on Jan. 18 on the Mercato Telematico Azionario organized and managed by Borsa Italiana SpA in Milan and on Jan. 19 on the New York Stock Exchange

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