Stock indexes on Wall Street closed mixed Tuesday, as investors focus on a busy week of corporate earnings for insight into how much damage inflation is inflicting on the economy. The S&P 500 slipped 0.2 percent, ending a four-day winning streak. The Dow Jones Industrial Average fell 1.1 percent, mostly because of a big drop…
Reps. Roy, Spanberger Reintroduce Bill Banning Members of Congress From Trading Stocks While in Office
January 13, 2023
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Reps. Abigail Spanberger (D-Va.) and Chip Roy (R-Texas) have reintroduced legislation effectively banning members of Congress—as well as their spouses and dependent children—from trading stocks while they are in office. The bipartisan duo of lawmakers introduced the new bill, titled the “Transparent Representation Upholding Service and Trust (TRUST) in Congress Act,” on Jan. 12. Originally proposed in June 2020…
Stocks Rise on Cooling Inflation Data After Up-and-Down Day
NEW YORK—Stocks rose on Wall Street Tuesday following more signs the nation’s punishingly high inflation may be falling off faster than expected. The S&P 500 climbed 0.9 percent, or 34.48 points, to 3,991.73, though it went on another unsettling ride to get there. A flare-up of worries about the war in Ukraine caused a brief…
Barclays Beats Forecast on Trading Boom, but Bad Loan Charges Rise
LONDON—Barclays beat forecasts with a small rise in third-quarter profit on Wednesday lifted by a record performance in fixed income trading, but costs and loan charges crept higher in a sign of ongoing challenges. The British bank made a profit before tax of 2 billion pounds ($2.3 billion) in July–September, up from 1.9 billion a…
Bill Banning Members of Congress and SCOTUS From Stock Trading Takes Shape
Long-anticipated legislation that would ban lawmakers and other senior government officials from trading stocks got a boost on Sept. 22, as House Democrats released a legislative framework seeking to close loopholes, cut conflicts of interest, and make penalties for noncompliance more painful. Rep. Zoe Lofgren (D-Calif.), chair of the Committee on House Administration tasked with…
‘Meaningful Penalties’: Bill Banning Members of Congress and SCOTUS From Stock Trading Takes Shape
Long-anticipated legislation that would ban lawmakers and other senior government officials from trading stocks got a boost on Thursday, as House Democrats released a legislative framework that seeks to close loopholes, cut conflicts of interest, and make penalties for non-compliance more painful. Rep. Zoe Lofgren (D-Calif.), chair of the Committee on House Administration tasked with…
Pelosi’s Husband ‘Wrong’ to Sell Chips Shares, GOP Might Change Member Trading Rules: McCarthy
During a weekly briefing on Friday, House Minority Leader Kevin McCarthy (R-Calif.) said it was wrong that Paul Pelosi, husband of House Speaker Nancy Pelosi (D-Calif.), was allowed to sell his shares of a computer chip manufacturer just before the House voted on a chips manufacturing bill. McCarthy suggested Republicans would look into options for changing…
Do Your Homework, Recognize Unfavorable Trading Conditions; Leif Soreide at 2022 FinTwit Conference
Trading is simple, but it’s not easy, and requires a lot of work. Preparation for tomorrow’s trading session begins at today’s close. The more work you put in after the close, the less thinking you will have to do after the open, Leif Soreide, Momentum/Breakout Stock Trader & Founder of Champion Team Trading, said at the 2022…
Moscow Exchange to Resume Shares and Bond Trading in Normal Mode on Monday: Central Bank
The Russian central bank said on Saturday that the Moscow Exchange will resume trading on Monday, with shares and bonds in normal mode. It said the trading session will last from 9:50 a.m. until 1:50 p.m. Moscow time (0650–1050 GMT).
Russia’s Central Bank Reopens Bond Trading
March 21, 2022
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NEW YORK—Russia’s central bank has cautiously reopened bond trading on the Moscow exchange for the first time since the country invaded Ukraine. The price of Russia’s ruble-denominated government debt fell Monday, sending borrowing costs higher. Stock trading has remained closed, with no word on when it might reopen. The central bank bought bonds to support…
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