Wall Street

SEC announced that it has obtained an asset freeze and other emergency relief, and filed fraud charges, against a Miami-based investment professional and two investment firms for engaging in an alleged “cherry-picking” scheme in which they channeled millions of dollars in trading profits to preferred accounts.

CME Group, announced it will expand its suite of micro-sized futures contracts with the introduction of Micro WTI futures. The contracts are expected to launch on July 12, pending regulatory review.

Judge John A. Gibney, Jr., of the U.S. District Court for the Eastern District of Virginia entered a Consent Order for Permanent Injunction, Restitution and Ancillary Equitable Relief against defendant Leonard J. Cipolla finding, among other things, that Cipolla fraudulently solicited individuals to place funds in a commodity pool to trade futures and options

At The Global Interdependence Center's 39th Annual Monetary and Trade Conference, The LeBow College of Business, Drexel University, Philadelphia, Pennsylvania

Amazon reported 1Q earnings beating the analyst's expectations both in top and bottom line. Amazon reported earnings: of $15.79 /share well above Wall Street expectations

Qualcomm reported fiscal 2Q results better than analysts expectations. QCOM reported earnings of $1.90/share, topping the expectations of $1.67/share.

Facebook reported better than expected 1Q results after the bell. FB reported earnings of $3.30/share topping the expectations of $2.37/share

Designed as an open platform to encourage broad participation by banks globally Platform will leverage blockchain technology and digitise M11 commercial bank money to reduce current frictions and latency for cross-border payments, trade transactions and foreign exchange settlements

LYFT announced today that the company has signed an agreement with “Woven Planet” a subsidiary of Toyota Motor Corporation, for the acquisition of Lyft’s self-driving vehicle division, Level 5

Tesla reported earnings after the closing bell.  TSLA reported earnings of 93 cents per share beating the consensus of 79 cents per share. Revenue reported at $10.39 billion slightly better