Crypto invoice from Republicans lays out clear roles for SEC and CFTC

Essential Points

Patrick McHenry, R-N.C., and Glenn Thompson, R-Pa. launched a invoice that proposes a additional very clear delineation of authority concerning the SEC and the CFTC on crypto troubles.
It would present a pathway to registration and explicitly make it possible for crypto securities to be traded on alternative investing systems, each under the SEC’s purview.
The CFTC would oversee the crypto place commodity market under current law.

Supply

Finance

Stocks making the biggest moves midday: Netflix, Alphabet, Nvidia, BJ’s Wholesale Club and more

November 21, 2024

Check out the companies making headlines in midday trading. Nvidia — Shares of the chipmaker dipped about 1% in midday trading, after gyrating earlier in the session. Nvidia beat on top and bottom lines for the third quarter, posting adjusted earnings of 81 cents per share on revenue of $35.08 billion. Analysts polled by LSEG […]

Finance

Stocks making the biggest moves premarket: Snowflake, Nvidia, BJ’s Wholesale and more

November 21, 2024

Check out the companies making headlines before the bell. Snowflake – Shares surged more than 21% following the company’s better-than-expected third-quarter results and strong guidance. Snowflake posted adjusted earnings of 20 cents per share on revenue of $942 million. Analysts surveyed by LSEG were looking for 15 cents in earnings per share on revenue of […]

Finance

Baidu posts 3% drop in third-quarter revenues, beating market expectations

November 21, 2024

Key Points Chinese tech company Baidu on Thursday reported better-than-expected revenue and profit for the third quarter. Baidu noted a 12% surge in its non-online marketing revenue to the equivalent of $1.1 billion, mainly driven by its artificial intelligence cloud business. Source