Nasdaq to provide crypto custody for institutional investors

Nasdaq Inc., owner of the second largest stock exchange, is looking to provide crypto custody service to institutional investors, in its first major push into the rather nascent industry, despite a price downturn for the asset. The service is subject to regulatory approval, according to a statement from Nasdaq on Tuesday. Ira Auerbach, Nasdaq’s senior … Read more

Apple, Nvidia, Amazon, Teladoc, Nasdaq

Here are the Wednesday’s biggest calls on Wall Street: Bank of America reiterates Nvidia as buy Bank of America said it’s staying on the chipmaker bullishly heading into earnings next week. “The silver lining of consumer driven down turns – such as NVDA’s current one – is they tend to be vicious but quick, to … Read more

Now’s the time to buy ‘well-oiled machine’ Nasdaq exchange, Rosenblatt says

Nasdaq is more than just a tech company – it’s become a “well-oiled machine” under CEO Adena Friedman and is poised for strong growth in the future, according to Rosenblatt Securities. The firm initiated coverage of the exchange operator with a buy rating and a $241 price target, implying upside of more than 25% from … Read more

Morgan Stanley on market bottom and tech stocks, Nasdaq

Stocks have broadly rallied in July, with the Nasdaq bouncing off earlier declines. And Wall Street is debating if markets have hit the bottom yet. Growth stocks such as tech have slumped broadly this year on the back of monetary tightening, recession and other risks. And Morgan Stanley in an Aug. 3 report warned that … Read more

Earnings could be an even bigger catalyst for stocks after the market’s wild ride on rate fears

Traders on the floor of the NYSE, July 12, 2022. Source: NYSE Investors are likely to shift their focus to earnings season, after the market’s wild ride on rising and falling expectations for Federal Reserve rate hikes. Stocks were volatile in the past week. The three major indexes posted sharp gains Friday, after worries the … Read more

Earnings could be an even bigger catalyst for stocks after the market’s wild ride on rate fears

Traders on the floor of the NYSE, July 12, 2022. Source: NYSE Investors are likely to shift their focus to earnings season, after the market’s wild ride on rising and falling expectations for Federal Reserve rate hikes. Stocks were volatile in the past week. The three major indexes posted sharp gains Friday, after worries the … Read more

Court deals blow to SECs bid to overhaul market-data feeds from Nasdaq, NYSE

A federal court partly rejected a Securities and Exchange Commission plan to loosen the control that stock exchanges have over public market-data feeds, handing a victory to Nasdaq Inc. NDAQ, + 1.22% and Intercontinental Exchange Inc.’s ICE, + 0.83% New York Stock Exchange. In a ruling released Tuesday, a three-judge panel of the U.S. Court … Read more

Where the experts say to put your money

Volatile markets, inflation hitting new highs and the risk of recession are making things tough for investors right now. “Looking out over the next 10 years, the forces that drove the rapid outperformance of growth over value are unlikely to repeat,” Paul Danis, head of asset allocation at Brewin Dolphin, told CNBC. “Bond yields have … Read more

Are the markets closed July 4?

As the Independence Day holiday approaches, Americans are preparing for a long weekend of barbecues and fireworks shows to celebrate the founding of the United States. During the extended holiday weekend, both bond and stock markets will be closed on Monday July 4, while bond traders can enjoy an extra half-day off heading into the … Read more

Potential market-altering rules in focus as exchange execs meet at Piper conference

Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC), listens during a Financial Stability Oversight Council (FSOC) meeting at the US Treasury in Washington, DC, US, on Monday, Dec. 9, 2013. Andrew Harrer | Bloomberg | Getty Images We are live on Wednesday at Piper Sandler’s Global Exchange Conference, where the heads of major … Read more