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Stock futures up in overnight trading after Wall Street notches seventh straight day of gains

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Futures tied to major U.S. equity averages were up in early morning trading Tuesday after days of gains on Wall Street pushed the S&P 500 within striking distance of a record high.

Dow Jones Industrial Average futures rose 138 points at 2:14 a.m. ET, pointing to likely gains of 118.56 points at market open. The S&P 500 and the Nasdaq 100 futures also pointed to opening gains. 

The 30-stock Dow gained about 350 points in regular trading on Monday, posting its seventh positive session in a row — its longest winning streak since September 2019. The S&P 500 gained 0.2%, sitting just 0.9% below its record high set in February. Meanwhile, the Nasdaq underperformed with a 0.4% loss as investors rotated out of some of the high-fliers.

“Markets are looking forward to better days ahead,” Jeff Buchbinder, equity strategist at LPL Financial, said in a note. “Although the timing is uncertain, the stock market is expressing confidence that the pandemic will end eventually with a vaccine—or multiple vaccines—and with help from better treatments in the interim.”

Investors still grappled with the uncertain fate of further coronavirus stimulus aimed at supporting Americans struggling during the pandemic. 

Treasury Secretary Steven Mnuchin said Monday the White House is open to resuming coronavirus aid talks with Democrats and putting more relief money on the table to reach a compromise. 

Senate Majority Leader Mitch McConnell said Monday in a tweet that he hoped lawmakers will be finalizing the bill this week and that he’s glad President Donald Trump “stepped in to soften the blow of their hostage tactics.”

Over the weekend, Trump signed four executive orders to extend some coronavirus aid, including unemployment benefits, a payroll tax holiday, defer student loan payments through 2020 and extend the federal protections from evictions. 

“Given the limited scope of the deal and the positive market reaction, equity investors continue to embed a likelihood that a larger agreement is reached,” Mark Hackett Nationwide’s chief of investment research, said in a note on Monday.

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Source: https://www.cnbc.com/2020/08/10/stock-market-futures-open-to-close-news.html

Forex

The SEC made the award public without naming the whistleblower

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The main goal of the U.S. Securities and Exchange Commission is to make investors’ financial life easier in order to protect them. More and more people are entering the financial market in order to make their future brighter. To make sure that they are protected, they need to be secured. The U.S. market is growing, so the need for protection is also becoming bigger. The nation’s exchange rate in the global market is already competing with the biggest financial countries. Americans are always streaming for a better quality of life, that is why they need to produce new jobs and improve the standard of security. When interacting with stocks and trading, one can never be fully safe but it is always nice when the regulations are helping you to find the proper ways of working. Investing is a kind of sport, so by now, its the best way for them to start investing without the fear of getting scammed.

The SEC has the eye of the tiger when it comes to seeing the key principles in the security of the world.

SEC makes a new whistleblower bounty

The SEC made the award public on Monday. They have not defined the whistleblower or the entity included in its probes. They are investing $2.4 million in a tipster in order to analyze and deliver a fulfilling action. All of the entries were induced by the watchdog. They will benefit from every little detail of this investigation, also, the whiteboard needs to report every information to the SEC during 120 days of internal disclosure.

The process of the decision-making will take some time because the agency is still dealing with thousands of requests for awards and tips.

More than $250 million to 97 individuals

Information from whistleblowers has been the most important key in helping to detect the violations. They are the best in protecting the investors and the marketplace. They are very committed to their work. The SEC has awarded 97 individuals with $523 million after declaring its first award in 2012. The SEC’s biggest award within whistleblower was $50 million shared by two employees in march of 2018. Now the power of U.S. regulations is rewarded as a part of the financial reforms set in 2010. This will give the workers the biggest encouragement and motivation to speak up about wrongdoings.

The Sec works with many other institutions, including congress and other federal agencies. They are major enforcement authority. Each year the SEC brings hundreds or actions in order to save companies and individuals with unfair actions. They also support the investor’s education,  they are giving them the public report on their website which introduces the revealing documents that public companies need to acknowledge in order to file with the commission.

Source: https://www.forexnewsnow.com/top-stories/the-sec-made-the-award-public-without-naming-the-whistleblower/

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Forex

New Zealand regulator imposes new guidelines on CLSA’s local license

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CLSA premium limited gives some financial services for people who trade. The company offers some leveraged FX trading with security. The management of the company is focused on investments, capital markets, and wealth management for corporate clients around the world. The company was founded in 1986 by journalists. They have offices in the 21 biggest cities in the Asia-pacific region. They employ almost 2k people in their offices. China’s largest investment banks have given CLSA $1.3 billion This Asian security house is well-known for its long term work within the FX market.

In the summer this company started to take some action in order to better its business. The company hoped that they would be improved by the new plan, because they needed new, greater value in order to return some benefits to their shareholders in the long term.

New rules

CLSA Premium Limited, which is the foreign exchange broker, said that they will be having new rules soon, given by FMA (Financial Markets Authority ) of New Zealand. As New Zealand has some extra requirements over derivatives issuer license. This is happening because of the CLSA Premium has failed the audit work for the subsidiary, so the FMA added some new conditions in order to prevent CLSAP’s customers and users. It will allow them to decrease prices for open positions with retail investors. CLSA will get some capital from investors in order to meet obligations. These conditions will be taken off from 22th of September 2020 and will be last as long as FMA is satisfied with the company’s new accomplishments. FMA is taking care of every company since they would like to have a healthy environment. They are searching for Anti-money laundering and finance terrorism in order to make it stop. In order to reduce the negative operations in New Zealand, the group plans to continue development.

Secure FX trading in New Zealand

As the retail trading industry is a new thing in New Zealand, they are very careful with it. The country has several advantages if someone would like to trade in there. Their economy is nicely developed and the FX trading is expanding daily. The country has witnessed dozens of financial scams and massive hits, that is why their security is on a high level for now.

The FMA of New Zealand is responsible for dealing with the country’s failures and misfortunes by letting them the ability to grow protection through modern methods of regulations. Today FX brokers in New Zealand are highly motivated by the ability to trust a trader and have honest relationships with them with nice service. The people’s funds are safe and the customer service is developing over time.  The main duty of FMA, which is ensuring that all brokers are following strict guidelines given by the regulatory organization is motivational for some companies. They also need a license in order to be trustworthy and believable.

Source: https://www.forexnewsnow.com/top-stories/new-zealand-regulator-imposes-new-guidelines-on-clsas-local-license/

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CNBC

BlizzCon will return as an online-only event in February 2021

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Blizzcon will be held online on February 19-20, 2021
Blizzard

After cancelling this year’s BlizzCon convention due to the COVID-19 pandemic, Blizzard has announced that it will hold a replacement show online. BlizzConline (yep) will be held on February 19th-20th, 2021 with all the latest news around its popular franchises including World of Warcraft, Overwatch, Diablo, Hearthstone and Starcraft.

Blizzard announced major new titles at BlizzCon 2019, including Diablo 4 and Overwatch 2, so we’ll likely get some updates about those. It will also hold a “Community Showcase” that will allow “cosplay crafters, artists, and other community creators to participate in the show and put their talent on display through a mix of world-class competition and exciting exhibitions,” Blizzard wrote.

Those activities might not be as fun online as in-person, but as Blizzard notes, they’ll be more accessible, as gamers from around the world can tune in. The company said it it still has a lot of planning to do and that it would be “some time” before it can reveal more details.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.

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Source: https://www.engadget.com/blizzcon-online-february-19-20-2021-starcraft-080543283.html

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