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Why shares surged today – Yahoo Finance (SPRT) has become the new “meme stock” retail traders are pushing to the moon. Shares of the LA based software company closed 33% higher, at $26.33 on Friday. The stock skyrocketed more than 190% earlier in the session and was the No. 1 trending ticker on Yahoo Finance.  ‘The squeeze will continue and accelerate’ […]

Apps Try Putting Financial Literacy at Kids’ Fingertips – The New York Times

Kids of any age can research, buy and sell stocks — including fractional shares — as well as exchange-traded funds. The app including the investing option costs about $8 a month, but there’s no extra fee for trades. To trade, the child must request approval from the parent through the Greenlight app. Tim Sheehan, Greenlight’s […]

Economy in crisis awaits Zambia’s new finance minister Musokotwane – Reuters

Zambia’s new Minister of Finance Situmbeko Musokotwane listens as President Rupiah Banda names his cabinet at the State House in Lusaka, November 14, 2008. REUTERS/Mackson Wasamunu/File Photo LUSAKA, Aug 27 (Reuters) – Zambia’s newly-appointed finance minister on Friday pledged to conclude talks with the IMF on a lending programme by October, as he seeks to […]

Bitfinex Derivatives to launch Sushi and Terra perpetual swaps – HedgeWeek

Bitfinex Derivatives has announced the launch of perpetual contracts for Sushi (SUSHIF0:USTF0) and Terra (LUNAF0:USTF0).  SUSHIF0:USTF0 and LUNAF0:USTF0 went live on 26 August at 16:00 PM CET. The contracts offer users up to 100x leverage and will be settled in tether tokens (USDt). “We’re delighted to announce the addition of Sushi and Terra to the […]

Singapore bourse sees little impact from HKEX’s China futures launch – Reuters

An SGX sign is pictured at Singapore Stock Exchange July 19, 2017. REUTERS/Edgar Su SINGAPORE, Aug 27 (Reuters) – Singapore Exchange’s (SGX) Chinese index futures will remain the main tool for investors to hedge their Chinese exposure despite the Hong Kong bourse announcing a rival product, a top executive said, citing SGX’s many derivative products. […]

Exchanges pave way for carbon derivatives market in GBA – The Asset

Hong Kong, Guangzhou bourses to work together in support of China’s net-zero pledge 27 Aug 2021 | Bayani S. Cruz Hong Kong Exchanges and Clearing Limited (HKEX) and Guangzhou Futures Exchange (GFEX) are paving the way for the rapid development of a cross-border carbon derivatives market in the Greater Bay Area (GBA). Under a memorandum of understanding […]