Mass Internet Outage Downs Australian and Hong Kong Sites

The Hong Kong Stock Exchange and several Australian websites went down after a mass internet service outage. The outage was reportedly caused by glitches on the servers of Akamai, a CDN provider.  The Hong Kong Stock Exchange reported that its …

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S&P Dow Jones Introduces New Cryptocurrency Indexes

S&P Dow Jones Indices introduced three new cryptocurrency indexes tied to Bitcoin and Etherium to track digital assets performance in cryptocurrency exchanges. The three new cryptocurrency indexes include: S&P Bitcoin Index (SPBTC),  S&P Ethereum Index (SPETH),  S&P Crypto Mega Cap …

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Meltdown of Archegos Capital Management Fund Spells Trouble for Major Investment Banks

Archegos Capital Management Fund initiated a $30 billion fire sale in the stock market on Monday, resulting in two rough days for investors and potentially costing two investment banks millions of dollars. The massive selloff started as the result of …

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Markets Stand at Tipping Point as House Passes Biden’s COVID-19 Stimulus Package

US legislators pass Biden’s $1.9 trillion COVID-19 relief package as tech markets and bond yields remain points of concerns for investors. The financial Markets have had a mixed response to the proposed stimulus, with fears rising that an increased inflation …

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Stock Market Jumped in After-Hours Trading

The US stock market jumped in after-hours trading session as investors in the United States and all over the world hoped for Washington to approve another stimulus package. On Tuesday, the Nasdaq 100 rallied 0.3 percent while the S&P 500 jumped 0.5 percent and the Dow Jones jumped 0.4 percent.

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