LONDON/DALLAS/HONG KONG (Reuters Breakingviews) - Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
Looking at the universe of stocks we cover at Dividend Channel, in trading on Monday, shares of Park National Corp (Symbol: PRK) were yielding above the 6% mark based on its quarterly dividend (annualized to $4.08), with the stock changing hands as low as $67.69 on the day.
In this episode of Industry Focus: Energy, Nick Sciple chats with Motley Fool senior auto analyst John Rosevear about the auto industry, particularly electric and fuel cell technology. They also discuss a recently public company. Find out about its technological innovations, how
The value-minded stock-picking approach that Warren Buffett -- the world's most consistently successful investor -- uses to pick stocks is rarely critiqued, publicly or privately. That is, until recently, when it was challenged by a guy who's only been in the market for four mon
Global miner Rio Tinto PLC has no plans to take full control of its Canadian Arctic diamond mine, which faces closure and will cost hundreds of millions of dollars to clean up, court documents show.
German financial markets regulator BaFin on Monday said that shares in chip maker Infineon were being touted illegally using the company's logo by an unknown investor who had failed to publish an offer prospectus.
Electric carmaker Tesla Inc is negotiating possible incentives with a Texas county that could bring a new auto assembly plant to the area near Austin, the state capital, the Austin American-Statesman reported on Monday.
Wall Street jumped on Monday following an announcement by the U.S. Federal Reserve regarding its corporate bond purchasing program that boosted investor confidence, which had been wavering amid a spike in new COVID-19 cases.
Over a recent 30-day period, the total open interest for CME bitcoin options increased more than tenfold, from $35 million on May 11 to $373 million on June 10. Moreover, open interest made a new all-time high on six consecutive days from June 5-10.Â
Significant growth in CME futures points to rapidly growing interest by institutional investors in trading regulated bitcoin derivatives products. Despite this growth, however, CME Group âhas no plans to introduce additional cryptocurrency products,â a spokesperson told CoinDesk. Thus for now, CME Groupâs cryptocurrency products will only involve bitcoin.
CME, which launched its bitcoin options product only at the beginning of 2020, now represents over 20% of the global bitcoin options market measured by open interest, or the total number of outstanding derivative contracts. Itâs now the second-largest bitcoin options market in the world behind Panama-based Deribit, according to Skew.
Growth in CMEâs bitcoin options market is âa strong signal that regulated institutions are exposing their books to bitcoin,â said Matt Kaye, managing partner at Los Angeles-based Blockhead Capital. âCME has a higher cost of capital and is closed on weekends, so anyone trading there is likely making those sacrifices because they have to.â
Much of CMEâs growth appears to have come at the expense of Deribit. Market shares claimed by competing bitcoin derivatives markets LedgerX, Bakkt and OKEx have remained largely unchanged since January.
Options arenât the only bitcoin derivatives market where CME is seeing gains. In May, CMEâs bitcoin futures demonstrated similarly remarkable growth, outpacing nearly every other bitcoin derivatives platform on a real and percentage growth basis. CME bitcoin futures open interest grew 29% over the last 30 days as institutional investors continue to enter the bitcoin derivatives market.
The cybersecurity industry has received a shot in the arm in the wake of the COVID-19 pandemic as organizations have been forced to adopt a work-from-home model in a bid to contain the spread of the disease.
Major benchmarks fell on Monday morning, reacting negatively to rising concerns of a potential second wave of COVID-19 cases in several major cities across the nation. Investors have been counting on a full restart of the U.S. economy, but further concerns about new outbreaks co
Shopify (NYSE: SHOP) and Walmart (NYSE: WMT) announced a new partnership on Monday that could significantly expand the reach for some sellers using the Canadian e-commerce company's services. As per the press release published by Walmart, the integrated service offering will ope
The U.S. will amend its prohibitions on U.S. companies doing business with China's Huawei to allow them to work together in standards settings for next generation 5G networks, according to people familiar with the matter.
Shares in Bombardier Inc and BlackBerry Ltd, one a staple of Canadian pension funds, the other a formerly high-flying technology company whose ubiquitous devices were in hands of presidents & average people alike, slipped on Monday after being removed from Canada's bluechip stock index.
Plant-based breakfast sausages are coming to Burger King as the Restaurant Brands International (NYSE: QSR) chain said it would add the Impossible Croissan'wich to its menu nationwide.
Novavax (NASDAQ: NVAX) announced on Monday that it plans to raise around $200 million through a private placement with RA Capital Management. An investment fund affiliated with RA Capital will purchase a quantity of Series A Convertible preferred stock from Novavax that is conve
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(RTTNews) - Stocks have climbed well off their worst levels of the day but remain mostly negative in mid-day trading on Monday. With the drop in the day, the major averages are extending the sharp pullback seen last week.
The WisdomTree Cloud Computing Fund ETF is seeing unusually high volume in afternoon trading Monday, with over 560,000 shares traded versus three month average volume of about 218,000. Shares of WCLD were up about 2.4% on the day.
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