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11:06
Bank of Montreal raises target prices for several airlines
Glonghui, July 2 — Bank of Montreal: Raised Southwest Airlines’ target price from $45 to $58.50; raised United Airlines’ target price from $130 to $157.50; raised American Airlines’ target price from $13.50 to $19.50; raised Delta Air Lines’ target price from $80 to $105.
11:03
The US SEC investigates an alleged insider trading case involving Futu and Tiger Brokers
Jinse Finance reported on July 2 that, according to informed sources, U.S. regulators are investigating allegations by Susquehanna International Group that unidentified insider traders profited by $100 million (approximately 130 million SGD) through options trading prior to enforcement action taken by Chinese regulators against a cross-border broker on a certain exchange. Susquehanna publicly outlined its claims in a lawsuit filed in Manhattan federal court on June 29. The informed source stated that the U.S. Securities and Exchange Commission (SEC) is reviewing the trades mentioned in the market maker’s complaint. In the lawsuit, Pennsylvania-headquartered Susquehanna claimed it lost over $70 million as the counterpart to most of the allegedly insider trading transactions. According to the complaint, these traders bought U.S.-listed options of Chinese brokerage firms, which then became targets of a crackdown on May 22.
11:00
AI concept stocks mostly fell in U.S. pre-market trading, with DELL down 2.79%.
Odaily reports that according to MSX.COM data, US stocks AI concept shares mostly fell before market open, with DELL down 2.79%, MRVL down 2.58%, ARM down 2.36%, MU down 2.22%, and AMD down 1.76%. It is reported that MSX.COM is a decentralized RWA trading platform with hundreds of RWA tokens already listed, covering US stocks and ETF token assets such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, NVDA, among others.
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