News That Matters

Tag: trading

A trading chart suggests stocks face a heightened risk of a 10-20% correction

A trading chart suggests stocks face a heightened risk of a 10-20% correction

Finance
The market may begin looking different after Labor Day. Even though stocks just completed a banner month, the Economic Cycle Research Institute's Lakshman Achuthan is waving a warning flag. Achuthan believes there's a heightened risk of a sell-off that could wipe out the recent all-time highs. He used a special chart of the S&P 500 over time on CNBC's "Trading Nation" to make his case. "What's unique about this chart is that we've marked off the slowdowns in the economy — the so-called growth rate cycle slowdowns," the institute's co-founder...
Oakland Raiders trading WR Ryan Switzer to Pittsburgh Steelers

Oakland Raiders trading WR Ryan Switzer to Pittsburgh Steelers

Sports
The Oakland Raiders are finalizing a trade that will send wide receiver Ryan Switzer to the Pittsburgh Steelers, multiple media outlets reported Monday. Pittsburgh also will acquire a 2019 sixth-round pick from the Raiders, while Oakland will receive a fifth-round pick in next year's draft. Switzer had six catches for 41 yards with the Dallas Cowboys last year as a rookie. He also returned 29 punts for 256 yards and a touchdown. Switzer was traded from the Cowboys to the Raiders in exchange for defensive lineman Jihad Ward in April. Now, Switzer will be traded for the second time in five months. Since being acquired by the Raiders, Oakland has obtained wide receivers Martavis Bryant and Jordy Nelson. Switzer was also trying to make the Raiders' roster as a punt returner, but he retu...
G7 commits to 'rules-based trading system' despite tensions with US

G7 commits to 'rules-based trading system' despite tensions with US

World
Media playback is unsupported on your device All the G7 nations have agreed at their summit in Canada on the importance of a "rules-based trading system", despite tensions with the US.The joint statement signed by US President Donald Trump and his counterparts comes amid a row over high US tariffs imposed this month on steel and aluminium imports.The EU and Canada have taken steps to retaliate.Mr Trump says tariffs are needed to reverse America's trade deficit.Soon after the joint statement was announced, the US president tweeted defiantly about not allowing "other countries to impose massive tariffs and trade barriers on its on farmers, workers and companies".The G7 summit, held in La Malbaie, Quebec province, also covered such issues as rel...
Fintech start-up Revolut grabs 2 million users and plans to launch commission-free trading service

Fintech start-up Revolut grabs 2 million users and plans to launch commission-free trading service

Finance
Financial technology firm Revolut now has 2 million users signed up to its platform and is planning to launch a commission-free trading service. The London-based start-up said Thursday that its trading platform, called "Wealth," would let users invest in a range of firms listed publicly in the U.K. and the U.S., in addition to other instruments including exchange-traded funds (ETFs) and options. ETFs are securities that let traders invest in a basket of assets such as shares or bonds. Options are contracts that give investors the right — but not the obligation — to buy or sell an asset at an agreed price and date,...