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Tag Archives: trading

Pelosi makes about-face on insider trading in Congress

Previously openly opposed to banning stock trading by members of Congress, Speaker of the House Nancy Pelosi (D-California) appeared on Thursday to change her mind. Her apparent openness to a proposal floated by two Senate Democrats, however, was conditioned on demanding the same of US Supreme Court justices. “I have …

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Top US central banker resigns amid trading scandal

Federal Reserve Board vice chair Richard Clarida has announced he will step down two weeks before his term is set to expire. His recently amended 2020 financial disclosures raised speculation about potential insider trading. Nominated by President Donald Trump and confirmed in September 2018, Clarida was the top aide to …

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Turkish stock market halts trading as lira crashes

“As of 16.24 (Istanbul time) transactions have been temporarily halted on the market of all shares of our stock exchange,” the exchange said in a statement. The country’s currency has collapsed amid pressure from President Recep Tayyip Erdogan on the central bank to lower borrowing costs to boost the growth …

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What is Forex trading?

What is Forex trading? “Forex” is an abbreviation of the word “foreign currency”. This is a market where people exchange the currency of one country for the currency of another country. Sometimes you hear that this is called the “cash market” or “spot market”, because trading takes place on the …

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