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Stock market in turmoil: Nasdaq, S&P 500, Dow, and Russell 2000 hit major support levels
Tesla, NVIDIA, and Apple under pressure as volatility rises Stock market recap: Volatility dominates Wall Street for the third consecutive week The US stock market has suffered another brutal week, marking three consecutive weeks of declines across all major indices.
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US Air Force intercepted 2 aircraft in restricted airspace near Mar-A-Lago on Sunday
U.S. Air Force fighter jets intercepted a civilian aircraft that entered restricted airspace over President Trump’s Mar-a-Lago estate in Florida on Sunday, violating a temporary flight restriction, according to NORAD.
This was the second such incident in 48 hours where F-16s from the Continental U.S. NORAD region responded to unauthorized flights over Palm Beach, NORAD stated. Since Trump’s inauguration on January 20, the agency has dealt with more than 20 such airspace violations in the area.
During the interception, the fighter jets deployed flares to signal and communicate with the pilot. The incident took place while Trump was at his golf course in West Palm Beach, according to a White House pool report.
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The info comes via US politics website Axios.
Its Sunday, let the man play golf!
This article was written by Eamonn Sheridan at www.forexlive.com.
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Tastytrade Promotes James Rutter to Head International Expansion
tastytrade, the online brokerage firm under IG Group,
appointed James Rutter as the Head of tastytrade International, according to
the announcement he made today (Thursday). Rutter was promoted from the role of
Commercial Lead, which he held for a year and a half.
“I’m excited to announce I’ve started a new role as
Head of tastytrade International at tastytrade! Building on the success of
launching US-listed Equities, Options, and Futures in the UK, I look forward to
driving further UK adoption and international expansion,” Rutter
informed.
Seasoned Industry Expert
According to his LinkedIn profile, Rutter is an industry
expert, having spent nearly a decade in several roles under the IG Group,
including Equity and Volatility Derivatives Trader, Sales Operations Manager,
Head of Operations, Head of Business Development, and later as the Deputy Group
Chief of Staff.
“Low commission, education-supported, margin-efficient,
with volatility/probability-based investing strategies you cannot employ with
other products…in a best-in-class platform…this product is a fantastic
opportunity for investors and traders alike,” Rutter added.
“If you can help us in our goals of driving further
adoption of the product in the UK and expanding further internationally, please
get in touch,” he shared.
IG Group acquired Tastytrade in 2021. The transaction was
completed after the firm received the regulatory and anti-trust green light to
complete the business deal. According to the announcement, the total
consideration comprises a total of $300 million in cash and the issuance of 61
million new ordinary shares in IG Group to Tastytrade shareholders.
Tastytrade Expands
Notably, tastytrade was previously named Tastyworks before
rebranding in 2023. Elsewhere, tastytrade underwent a substantial expansion in
Chicago. This initiative involved the launch of a 35,000-square-foot office
space and studios.
Additionally, the financial network plans to invest $600,000
in the Greenwood Project, a non-profit organization dedicated to enhancing
diversity in the financial sector.
“At IG North America, we believe opportunity can drive
positive change. By partnering with Greenwood Project, we are not only
investing in the future of talented Black and Latino students but also
contributing to a more diverse and inclusive financial services industry,”
the CEO of IG North America and President of tastytrade, JJ Kinahan, shared.
This article was written by Jared Kirui at www.financemagnates.com.
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Canada’s Liberal Party elect Mark Carney as new leader
Bank of Canada Governor Bank of England Governor Mark Carney is the new Prime Minister of Canada.
Carney clocked 86% of the votes! That’s a landslide.
Beat former Finance Minister Chrystia Freeland
who came in second place.
Canada’s next federal election is scheduled for October 20, 2025. It can be called on an earlier date if the government loses a confidence vote in the House of Commons or if the Prime Minister requests the Governor General dissolve Parliament. Carney has indicated that he may call an early federal election, potentially by the end of April or early May 2025
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Justin Trudeau has been the Canadian prime minister since 2015
- leader of the Liberal Party since 2013
Mark Carney has been Bank of Canada Governor, and then Bank of England Governor.
This article was written by Eamonn Sheridan at www.forexlive.com.
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China inflation: Consumer Price Index falls 0.7% YoY in February vs. -0.5% expected
China’s Consumer Price Index (CPI) fell at an annual pace of 0.7% in February after reporting 0.5% growth in January.
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