U.S. stocks rose as upbeat economic data emboldened investors to return to the market on Thursday, a day after Wall Street suffered its worst selloff in eight months following a political crisis involving President Donald Trump.
U.S. mortgage rates fell in step with bond yields in the wake of weaker-than-expected domestic economic data and as investors scaled back expectations about the number of interest rate increases by the Federal Reserve in 2017.
Alibaba Group Holding Ltd. plans to buy back shares worth up to $6 billion over two years, the company said on Thursday, as it beat first-quarter revenue forecasts but fell short of earnings estimates.
Bloomberg continues to build on its role as a leading data and technology provider for fixed income professionals, announcing a significant uptick in the use of its Bid/Offer List Trading application (BOLT on the Bloomberg Professional service) among buy side and sell side participants trading U.S. Dollar and Canadian Dollar-denominated corporate bonds.
The U.S. Commodity Futures Trading Commission today approved the creation of LabCFTC, a new initiative aimed at promoting responsible FinTech innovation to improve the quality, resiliency, and competitiveness of the markets the CFTC oversees. Located in New York LabCFTC will also look to accelerate CFTC engagement with FinTech and RegTech solutions that may enable the CFTC to carry out its mission responsibilities more effectively and efficiently.