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☆ Recession Fears Are Fueling Stock Market Crash, Wall Street Chaos
▼ + stars: | 2024-08-11 | by ( Linette Lopez | ) www.businessinsider.com time to read: +11 min

While there was some demand for protection against the prospect of volatility reemerging, overall sentiment across Wall Street had gotten more bullish. Until Wall Street can be sure that the consumer will hold on (or not), conviction is easily shaken. After years of weird times and outsize gains, Wall Street is dancing on a knife's edge. After years of weird times and outsize gains, Wall Street is dancing on a knife's edge. What happened on Monday was a sudden realization that the new structure may assert itself before Wall Street imagined it would.

Persons: —, Jerome Powell, we've, they'd, corporates, Dow, Mandy Xu, Cboe's, Wall, Torsten Slok, Slok, Shake, Kevin Gordon, Charles Schwab, they've Organizations: Dow Jones, Bank of Japan, Big Tech, Federal Reserve, Nasdaq, Wall, Apollo Global Management, Corporations, Companies Locations: Asia, Japan, Mexico

☆ Volatility index surges close to 66 then falls to half
▼ + stars: | 2024-08-06 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVolatility index surges close to 66 then falls to halfCNBC's Rick Santelli and CBOE's Rob Hocking discuss huge moves in volatility as the market sell-off deepened.

Persons: Rick Santelli, Rob Hocking

☆ A 32-year market vet shares 2 charts showing stocks could be entering a major market peak — and warns a coming recession will send the S&P 500 plummeting more than 60%
▼ + stars: | 2024-06-01 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

It's been a near-frictionless seven months for the S&P 500, with the benchmark index up a cool 26% since late October. While earnings were just fine in the first quarter, if they start to decline alongside a slowing economy, stocks will go with them. He sees the S&P 500 declining by more than 50% when all is said and done. The current inversion of 580 days implies a drop of around 65% for the S&P 500. Those fears have since dissipated, and the S&P 500 has rallied 47% since October 2022.

Persons: It's, Jon Wolfenbarger, Merrill Lynch, BullAndBearProfits.com Wolfenbarger, Wolfenbarger, Bullandbearprofits.com Wolfenbarger, Jeremy Grantham, Marko Kolanovic, Albert Edwards Organizations: Service, JPMorgan, Fed, OVOM

☆ The spike in VIX this month hasn't been unexpected, says CBOE's Mandy Xu
▼ + stars: | 2024-04-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe spike in VIX this month hasn't been unexpected, says CBOE's Mandy XuMandy Xu, CBOE Global Markets head of derivatives market intelligence, joins 'Squawk Box' to discuss the latest CBOE Volatility Index (VIX) trends, the potential for rates volatility spilling into equity markets, earnings season, and more.

Persons: Mandy Xu Mandy Xu Organizations: CBOE

☆ Investors are bullish on Big Tech, are using options to play potential market broadening: CBOE's Xu
▼ + stars: | 2024-02-22 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors are bullish on Big Tech, are using options to play potential market broadening: CBOE's XuMandy Xu, CBOE head of derivatives market intelligence, joins 'Fast Money' to talk investor sentiment around Nvidia and how that's playing out in the options market.

Persons: Xu Mandy Xu, CBOE Organizations: Big Tech, Nvidia

☆ Spot bitcoin ETFs are taking Wall Street by storm. Experts say options are next
▼ + stars: | 2024-01-20 | by ( Anna Gleason | ) www.cnbc.com time to read: +2 min

Exchange-traded fund experts anticipate spot bitcoin ETFs, which debuted this month, to spark a new wave of crypto products. Cboe Global Markets' Catherine Clay believes options are a natural progression for bitcoin ETFs. The Cboe, the largest U.S. options exchange, filed with the SEC on Jan. 5 to offer options linked to bitcoin exchange-traded products. "Folks who might not have been traditionally speculating on crypto directly in the crypto ecosystem are now going to have something to play with." "If what happens in bitcoin is what's happened in single stocks, we're going to see retail in particular and a lot of institutions move towards zero days to expiration options trading on bitcoin itself," he said.

Persons: Catherine Clay, Dave Nadig, Nadig, they're, Cboe's Clay, let's Organizations: Cboe, SEC Locations: U.S, bitcoin

☆ Cramer's Lightning Round: 'Buy Toyota'
▼ + stars: | 2023-11-20 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Stock Chart Icon Stock chart icon SL Green Realty's year-to-date stock performance. Stock Chart Icon Stock chart icon Lucid's year-to-date stock performance. Stock Chart Icon Stock chart icon Schlumberger's year-to-date stock performance. Stock Chart Icon Stock chart icon Toyota's year-to-date stock performance. Stock Chart Icon Stock chart icon Conagra's year-to-date stock performance.

Persons: it's, Xcel, It's, That's, Wynn, Jim Cramer's Organizations: Green, Schlumberger, Toyota, Twist, Boise, Xcel, Excel, Sirius, Sirius XM, Properties Locations: BXP, Boise

☆ The top battle-tested and defensive stocks to buy in an uncertain world, according to analysts
▼ + stars: | 2023-10-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Uncertainty reigns, but Wall Street analysts named a wide range of stocks this week that they believe are battle-tested buying opportunities. They include: Mattel , CBOE , Marsh & McLennan, Warner Music Group and O'Reilly Automotive. CBOE "A Strong Defensive Play In Uncertain Times," Piper Sandler analyst Patrick Moley headlined a report earlier this week devoted to CBOE. Warner Music Group Warner Music shares are down 7.5% this year, but investors should buy the dip, according to Deutsche Bank. Marsh & McLennan — Deutsche Bank, buy rating "A Defensive Stock with Growth Characteristics.

Persons: Piper Sandler, Patrick Moley, Moley, Piper, CBOE, Ben Black, Black, Marsh, McLennan, Cave, Montazeri, O'Reilly, Mattel, Morgan Stanley, Read Organizations: Street, CNBC, Mattel, McLennan, Warner Music Group, O'Reilly Automotive, Warner Music Group Warner Music, Deutsche Bank, Warner Music, Marsh, Deutsche, MMC, — Citi, McLennan — Deutsche Bank, Disney Locations: Marsh, 4Q23

☆ Hey, CEOs: Stop dating your employees and trying to cover it up
▼ + stars: | 2023-09-27 | by ( Madeline Berg | ) www.businessinsider.com time to read: +5 min

Workplace relationships can be problematic, creating power imbalances that can blur lines of consent and the appearance of fairness. AdvertisementAdvertisementIf you're a CEO looking to keep your job, we've got some advice for you: Stop dating your employees. The men join a long list of execs whose workplace relationships have upended their careers. But only about one in five workers reported disclosing their workplace relationship to their employer. Some companies have even relaxed their policies over the last decade surrounding workplace relationships, Taylor said.

Persons: Edward Tilly, —, we've, He's, Johnny C, Taylor Jr, Bernard Looney, Jeff Zucker, Zucker, McDonald's, Steve Easterbrook, Easterbrook, Brian Krzanich, Lincoln Center's, Jed Bernstein, Taylor Organizations: Service, HR Management, BP, CNN, SEC, Society, Companies

Cboe declined to say whether those relations happened while Tilly was CEO or prior to his tenure at the helm. His resignation is the latest in a string of high-profile exits by CEOs whose personal conduct ran afoul of company policy. "When he became CEO, he grew that business from a little options exchange to a global, fintech and exchange leader. Cboe has exclusive rights to list flagship contracts linked to the Standard & Poor’s 500 stock index through 2032. "The silver lining is it doesn't look like it is related to strategic or financial issue for the company," Lau said of the CEO resignation.

Persons: Edward Tilly, Piper Sandler, Brendan McDermid, Cboe, Fredric Tomczyk, Tilly, Andrew Bond, Bond, Owen Lau, Lau, Rosenblatt's Bond, Steve Sosnick, Sosnick, Tomczyk, " Lau, Jaiveer Singh, Laura Matthews, Saqib Iqbal Ahmed, Arun Koyyur, Michelle Price, Megan Davies, Bill Berkrot, Nick Zieminski Organizations: CBOE, Inc, Piper Sandler Global Exchange, FinTech Conference, REUTERS, Rosenblatt Securities, Oppenheimer & Co, THE, Interactive, U.S . Securities, Exchange Commission, Thomson Locations: New York City, U.S, Bengaluru, New York, Lincoln

☆ Cboe CEO Tilly resigns over personal relationships with colleagues
▼ + stars: | 2023-09-19 | by ( ) www.cnbc.com time to read: 1 min

Cboe Global Markets Chief Executive Officer Edward Tilly has resigned after failing to disclose personal relationships with colleagues, the exchange operator said on Tuesday. Board member Fredric Tomczyk has been named CEO, effective immediately, Cboe said. Tilly, who was Cboe's chief for more than 10 years, resigned following the conclusion of an investigation led by the board and outside independent counsel that was launched in late August, the company said. "The Board of Directors determined that Tilly did not disclose personal relationships with colleagues, which violated Cboe's policies and stands in stark contrast to the company's values," the statement said. Tomczyk, who joined Cboe's board in July 2019, has previously served as CEO of TD Ameritrade Holding Corp.

Persons: Edward Tilly, Fredric Tomczyk, Cboe, Tilly, Tomczyk Organizations: Cboe Global Markets, Ameritrade Holding Corp

☆ Morgan Stanley says buy 'top’ stocks like Apple to fight the growing market malaise
▼ + stars: | 2023-08-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Investors may be feeling some market indigestion in August, but Morgan Stanley said there are still top stocks to buy settle down portfolios. CNBC Pro combed through recent Morgan Stanley research to find the well positioned stocks for August. In particular, Morgan Stanley said it's impressed by Keurig's commitment to improve coffee fundamentals. Morgan Stanley gave several reasons in its earnings reaction note as to why CBOE is well-positioned as a top pick. Howmet Aerospace Meanwhile, shares of Howmet Aerospace are up over 25% this year, but the stock has plenty more room to run, according to Morgan Stanley.

Persons: Morgan Stanley, Dr Pepper, Dara Mohsenian, Mohsenian, it's, Keurig's, Michael Cyprys, Cyprys, Kristine Liwag, Howmet, Liwag, Pepper Organizations: CNBC, CBOE, Chicago, Howmet, Howmet Aerospace, Airbus, Boeing, Commercial Locations: Europe, 2H23

U.S. bank shares dropped on Tuesday after ratings agency Moody's downgraded credit ratings of several U.S. regional lenders and placed some banking giants on review for potential downgrade. It warned lenders will find it harder to make money as interest rates remain high, funding costs climb and a potential recession looms. The warning caught some investors off guard. On Tuesday, SPDR S&P Regional Banking ETF's (KRE.P) options-based 30-day implied volatility rose to 31.1%, up from 28.9% touched on Monday. "In the near term, there are reasons for caution about banks in general and we have made changes where appropriate," he said.

Persons: SPDR, Steve Sosnick, There's, David Wagner, David Smith, Brian Mulberry, Michelle Price, Diane Craft Organizations: Moody's Corporation, P Bank, Regional Banking, Silicon Valley Bank, Banking, Interactive, Alert, Aptus Capital, Autonomous Research, Analysts, Zacks Investment Management, Thomson Locations: Manhattan , New York, U.S, Silicon

☆ Exchange operator Cboe's profit rises on swelled up trading volumes
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +1 min

People walk by the Chicago Board Options Exchange (CBOE) Global Markets headquarters building in Chicago, Illinois, U.S., September 19, 2018. REUTERS/Michael Hirtzer/File PhotoAug 4 (Reuters) - Exchange operator Cboe Global Markets (CBOE.Z), on Friday reported a rise in its quarterly profit, driven by swelled up trading volumes as markets continue to rebound from last year. The Chicago-based group, which provides trading platforms for equities, foreign exchange and derivative products across markets in different regions, saw its net revenue rise 10% to $467.1 million. Cboe's results wrap up a strong quarter for exchange operators. Its peer, New York Stock Exchange-parent Intercontinental Exchange (ICE.N), also reported upbeat results on Thursday.

Persons: Michael Hirtzer, Investors, Cboe, Jaiveer Singh, Milla Nissi Organizations: Chicago, Exchange, REUTERS, Cboe, New York Stock Exchange, Intercontinental Exchange, Thomson Locations: Chicago , Illinois, U.S, Chicago, Bengaluru

☆ This way to make short-term market bets is gaining popularity, and raising concerns
▼ + stars: | 2023-07-17 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

Options trading has exploded in the last few years, and recently a particular type of options trading has become popular with retail and institutional traders alike. Why are they so popular, and what impact might they have on prices in indexes like the S & P 500 and individual stocks? Most people lose money trading options in general. Most people lose money trading options in general, and all this does is allow them to lose money more consistently." The heavy flows have attracted the interest of the ETF industry, which is looking to launch new options trading products soon.

Persons: they're, Cboe, Patrick Moley, Moley, Michael Green, Green, Ed Tilly Organizations: Business, PiperSandler, Apple, Edge

☆ Nasdaq refiles BlackRock's bitcoin ETF application with SEC
▼ + stars: | 2023-07-03 | by ( ) www.reuters.com time to read: +2 min

July 3 (Reuters) - Nasdaq (NDAQ.O) refiled an application with the U.S. securities regulator to list an exchange-traded fund by BlackRock Inc (BLK.N) that will reflect the price of bitcoin to add additional details, according to a filing made public on Monday. The move comes after the regulator reportedly had concerns over the initial filings by Nasdaq as being unclear and incomplete. According to Cboe's Fidelity bitcoin ETF filing, the company's platform represented roughly half of U.S. dollar-bitcoin trading in May. The SEC has rejected dozens of spot bitcoin ETF applications in recent years, including one from Fidelity in January 2022. Reporting by Jaiveer Singh Shekhawat in Bengaluru and John Mcrank in New York; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Bankman, Coinbase, Jaiveer Singh, John Mcrank, Shailesh Organizations: Nasdaq, BlackRock Inc, U.S . Securities, Exchange Commission, SEC, Global Inc, Fidelity, ., Thomson Locations: Manhattan, Bengaluru, New York

The SEC raised the same concerns with Nasdaq (NDAQ.O) over a recent filing for a spot bitcoin ETF from BlackRock (BLK.N), the person said. According to Cboe's Fidelity bitcoin ETF filing, The company's platform represented roughly half of U.S. dollar-bitcoin trading in May. The recent filings for bitcoin ETFs by BlackRock and Fidelity have sent the price of bitcoin soaring more than 20% since June 15 to one-year highs. "It's not surprising to hear that the SEC is pushing back a little bit," he said of the bitcoin ETF applications. The SEC has rejected dozens of spot bitcoin ETF applications in recent years, including one from Fidelity in January 2022.

Persons: Cboe, Coinbase, Binance, it's, John Reed Stark, bitcoin, Ed Moya, It's, Carolina Mandl, John McCrank, Manya, Michelle Price, Shinjini Ganguli, Alexander Smith, David Gregorio Our Organizations: Fidelity, U.S . Securities, Exchange Commission, SEC, Nasdaq, WisdomTree, Coinbase, Cboe, BlackRock, ., Internet, Manya Saini, Thomson Locations: BlackRock, Nasdaq, Manhattan, New York, Bengaluru

☆ Factbox: Financial firms line up spot bitcoin exchange-traded fund applications
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +4 min

Stock picker Cathy Wood's Ark Invest and Swiss-based exchange-traded fund (ETF) issuer 21Shares on Wednesday amended their bitcoin ETF application, while asset manager Fidelity is also expected to file a spot bitcoin ETF application, trade publication The Block reported on Tuesday. The U.S. Securities and Exchange Commission (SEC) has rejected dozens of applications for spot bitcoin ETFs, saying the proposals have not met anti-fraud and investor protection standards. These are the major firms with live SEC applications:BLACKROCK(BLK.N) - The world's biggest asset manager filed for a bitcoin ETF on June 15. INVESCO(IVZ.N) AND GALAXY DIGITAL - Invesco reactivated its September 2021 application to launch the Invesco Galaxy Bitcoin ETF on Cboe's BZX exchange. VANECK - VanEck refiled on June 22 to for approval to launch the VanEck Bitcoin Trust on Cboe's BZX exchange.

Persons: Cathy, 21Shares, BlackRock's, BNY, Cboe BZX, WisdomTree, refiled, John McCrank, Michelle Price, Daniel Wallis Organizations: U.S, Invest, Fidelity, U.S . Securities, Exchange Commission, SEC, BLACKROCK, Nasdaq, BNY Mellon, Ark, 21Shares, Company, U.S . Bank, National Association, Invesco, Galaxy, NYSE Arca, Valkyrie, Thomson Locations: BlackRock, Swiss

☆ World shares muted, lira plunges to record low
▼ + stars: | 2023-06-07 | by ( Samuel Indyk | ) www.reuters.com time to read: +4 min

Meanwhile, Turkey's lira plunged to a record low against the greenback as authorities appeared to loosen stabilising measures after the government signalled a pivot to more orthodox policies. Spanish stocks (.IBEX) outperformed after shares in the world's biggest fast fashion company Inditex (ITX.MC) jumped almost 7% following first quarter results. That left the MSCI's broadest index of world shares (.MIWD00000PUS) up just under 0.1% but close to its highest level in 13 months reached on Monday. The dollar fell 0.1% against a basket of currencies, while the Turkish lira weakened over 7% to a record low of 23.17 per dollar, its biggest one-day sell-off since the 2021 crash. Bitcoin was trading at about $26,900, consolidating after a sharp rebound on Tuesday from as low as $25,350.

Persons: Ben Laidler, Ipek Ozkardeskaya, eToro's Laidler, Laidler, Solana, Samuel Indyk, Kevin Buckland, Xie Yu, Robert Birsel, Louise Heavens Organizations: REUTERS, Staff LONDON, U.S, Federal Reserve, greenback, Nikkei, Fed, Wall, ICE, Treasury, Swissquote Bank, Data, Saudi, Brent, Texas, U.S . Securities, Exchange Commission, SEC, Thomson Locations: Frankfurt, Germany, Asia, Pacific, Japan, Hong Kong, Taiwan, U.S, London, Turkish, China, Cardano, Polygon

☆ Exchange operator Cboe launches global listing offering
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +1 min

NEW YORK, June 2 (Reuters) - Exchange operator Cboe Global Markets (CBOE.Z) said on Friday it will let companies list across its U.S. and international exchanges, expanding in a fiercely competitive field dominated in the United States by the New York Stock Exchange and Nasdaq Inc (NDAQ.O). Cboe, which has stock exchanges in North America, Europe, and the Asia-Pacific region, currently lists only its own stock, along with exchange-traded funds, on its U.S. exchange. But financial software firm Abaxx Technologies Inc (ABXX.NLB), which is listed on Cboe Canada, has received conditional approval to be intralisted on Cboe U.S., the exchange operator said. "Cboe has built an expansive, global equities footprint unrivalled in the industry that uniquely positions us to deliver the first-ever truly global listing experience for issuers seeking to tap new markets beyond their home region," Dave Howson, global president of Cboe Global Markets, said in a statement. Exchanges earn recurring revenue from listings and charge various listing fees based on factors such as the amount of shares a company lists.

Persons: Cboe, Dave Howson, John McCrank, Hugh Lawson Organizations: YORK, Cboe, New York Stock Exchange, Nasdaq Inc, Abaxx Technologies, Intercontinental Exchange Inc, NYSE, Nasdaq, Thomson Locations: United States, North America, Europe, Asia, Pacific, Cboe Canada, Cboe, Canada, Netherlands, Australia, Chicago

☆ Exchange operator Cboe profit rises as market volatility lifts trading volumes
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +1 min

May 5 (Reuters) - Cboe Global Markets (CBOE.Z), reported a rise in first-quarter profit on Friday, as the exchange operator's trading volumes swelled on heightened market fluctuations amid a banking crisis and rising interest rates. The Chicago-based company, which provides trading platforms for equities, foreign exchange and derivative products across markets in different regions, saw a 13% rise in net revenue to $471.4 million. Cboe's results wrapped up a strong quarter for exchange operators. Earlier this week, New York Stock Exchange-parent Intercontinental Exchange Inc (ICE.N) reported upbeat results. Last month, both Nasdaq Inc (NDAQ.O) and CME Group Inc (CME.O) also beat profit estimates.

☆ Buy this defensive exchange operator poised to benefit from ongoing market volatility, Credit Suisse says
▼ + stars: | 2023-03-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Credit Suisse thinks Cboe Global Markets is a defensive addition to any portfolio during these volatile times. Analyst Gautam Sawant elevated Cboe to the bank's top exchange sector pick, saying that shares should benefit from index options growth momentum as uncertainty and concerns of an economic slowdown linger. Given this setup, Sawant views an attractive risk-reward for Cboe, with its valuation at just 18 times versus the 24 times forward multiple for the broader sector. CBOE YTD mountain Cboe shares so far in 2023 The stock outperformed in 2022, falling just 3.8%. As options volumes expand in this environment, "CBOE's entrenched index options complex is well positioned for growth amidst rapid customer adoption of short-dated, daily expiry and global demand for proprietary SP500/VIX options," Sawant added.

☆ Nancy Davis created a buzzy ETF that's helped investors profit from rising inflation. She explains why they should be prepared for more interest-rate volatility as fears of a financial crisis rise.
▼ + stars: | 2023-03-16 | by ( Marley Jay | ) www.businessinsider.com time to read: +4 min

Nancy Davis specializes in interest rate volatility and has called several market meltdowns. Enter Nancy Davis, who specializes in the concept of interest rate volatility, and established her reputation by predicting two different market blowups in 2018. Quadratic's Interest Rate Volatility and Inflation Hedge ETF has attracted more than $800 million in assets. Interest rate volatility is something most people are short on in their portfolios." Her firm's IVOL ETF gives investors exposure to interest rate volatility, and they can also use options to bet on it.

☆ Wall Street's bullish comments push Apple to a possible breakout zone on its chart
▼ + stars: | 2023-03-07 | by ( Patti Domm | In | ) www.cnbc.com time to read: +2 min

Apple last closed above $156 in September. "The rally has lifted Apple up into strong resistance, creating a proving ground," said Katie Stockton, founder of Fairlead Strategies. AAPL 1Y line aapl Stockton said Apple could get to $158, the top of the resistance zone on its chart. If Apple were to make a move and hold at a higher level, it would be good for the overall stock market. "How Apple handles $156 to $157 will give us some clues as to whether this is just another bear market bounce," said Redler.

☆ Coinbase, Gemini and other big crypto names have rushed to ditch Silvergate after the bank warned of building troubles
▼ + stars: | 2023-03-03 | by ( Zinya Salfiti | ) www.businessinsider.com time to read: +4 min

Crypto companies are cutting ties with Silvergate, once the go-to bank for digital currenciesThis comes after the crypto bank flagged doubts about its survival. Coinbase, Paxos Trust, Circle Internet Financial and Galaxy Digital Holdings all said Thursday they plan to suspend banking with Silvergate, as did the Winklevoss twins' Gemini. The exodus of crypto exchanges, stablecoin issuers and trading desks came after Silvergate flagged doubts about its future in business. Shares have fallen almost 95% in the past 12 months, as more than a dozen of its crypto firm customers shut down, were fined or came under investigation. Silvergate used to be the go-to bank for the biggest names in crypto, operating a key payments network used for real-time transfers between the firms.

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