1 Minute Market Rundown – 9th May 2022 May 9, 2022 Path of Least Resistance Remains Lower Economic Slowdown Main ConcernUSD Remains King Friday’s highly anticipated NFP print did little to stop the rot as risk markets continue to remain on the backfoot. Stocks have fallen yet again today and the greenback has climbed higher as the market continues to focus on a potential economic slowdown [...]
Influencers: MPs call for better protection for TikTok stars May 9, 2022 MPs will today call for greater action to be taken in advertising and employment rules to protect children and online performers, arguing that regulation has failed to keep pace with the growth of online influencer culture.
City watchdog to crackdown on adverts that downplay risk of borrowing as cost-of-living crisis bites May 6, 2022 The UK’s financial watchdog has told lenders and brokers to stop using misleading terms in their advertising that might make borrowing money look easier or less risky than it is. The Financial Conduct Authority (FCA) has sent letters to 28,000 consumer credit firms telling them to stop using terms such as “no credit check loans,” [...]
1 Minute Market Rundown – 6th May 2022 May 6, 2022 Old Lady Signals a Pause to Come Crypto and Risk Assets Come Under PressureUSD Remains King; GBP Destroyed To understand the magnitude of the sell off yesterday here are some facts: ● The Nasdaq suffers its largest one day percentage drop since June 11, 2020 ● The DOW suffered its largest one day percentage drop [...]
Amazon takes legal action against new fake review broker as UK plans clamp down on firms May 6, 2022 Amazon has started legal action against Hong Kong based fake review broker Extreme Rebate after it successfully targeted the schemes of three major attackers, resulting in nearly 350,000 people no longer being incentivised by them.
Government empowers compliance unit with teeth to curb big tech dominance May 5, 2022 New 'fair-play' rules and ten per cent turnover fines will be among the strong tools available to a new technology unit.
1 Minute Market Rundown – 5th May 2022 May 5, 2022 Powell Not as Hawkish as Market Priced In…But Not Dovish By Any MeansCrypto Bounces with Risk Assets So the highly anticipated FED meeting came and went and all things considered…we feel we are exactly where we were before the meeting minus a little bit of cleaner positioning in the market. If you will recall yesterday’s [...]
Let Brits pick value brands over own-branded products to beat cost of living crisis, Cabinet minister suggests May 4, 2022 A Cabinet minister suggested shoppers could choose value brands to help cope with rising food prices. Environment Secretary George Eustice told Sky News that rising fertiliser and feed costs had hit the farming industry, partly as a result of soaring energy prices. “The better news is that we have a very, very competitive retail market [...]
UK’s tech regulator backtrack sparks mixed reactions across the City May 3, 2022 Reports that the government has backtracked on strengthening the role of the UK’s tech regulator has sparked mixed reviews from the City today.
Competition watchdog raises concerns over London Stock Exchange Group’s Quantile takeover May 3, 2022 The UK’s competition watchdog has raised concerns today that the London Stock Exchange Group’s takeover of transaction risk firm Quantile could damage competition in the sector.