Financial Markets

Cantor Fitzgerald Hires Former Deutsche Bank Co-CEO

Financial Services company Cantor Fitzgerald said it has hired former Deutsche Bank Co-Chief Executive Anshu Jain as president. The firm said in a statement on Monday that Jain will work with Cantor CEO Howard Lutnick to “build on Cantor Fitzgerald’s strong client-focused business foundation and drive the firm’s momentum asRead More

SuperCom Wins Contract

SuperCom, a provider of traditional and digital identity solutions, has been awarded a $9 million contract by an unidentified Latin America government to migrate and implement the company’s secured web-based land and geographical registration and information management system. The project was won through a formal competitive bid process with otherRead More

Apple AirPods In Short Supply

Apple’s AirPods remain in short supply, according to Barron’s.  A check on Wednesday afternoon showed only one store in the country – in Bridgewater, N.J., – currently had the wireless earphones in stock, Barron’s said. And Apple.com shows a six-week wait for delivery. Separately, the Wall Street Journal said IndianRead More

West Texas Intermediate, Brent Crude Trades Higher Pre-Bell

West Texas Intermediate (WTI) crude oil futures for delivery in February were 0.4% higher at $54.15 per barrel during Wednesday’s pre-market trading session, while Brent crude futures for delivery in the same month were also up 0.4% at $56.43 per barrel. Oil markets are generally adhering to a mildly optimisticRead More

Dollar Buoyed by Strong Consumer Confidence

The dollar closed higher against the yen and euro for the first time in five days, buoyed by a record high in the Nasdaq Composite, higher bond yields and 15-year high in U.S. consumer confidence. Although the USD returned some of its gains against the yen after failing to breachRead More

Bonds Edge Higher in Quiet Pre-Holiday Trade

U.S. Treasuries traded near the week’s lowest yield/highest price levels Friday with the long end leading while the two-year lagged in holiday-thinned trade ahead of an early close and long weekend. Participants anticipate little in the way of activity although ongoing geopolitical concerns are expected to keep a floor underRead More