Market Overview

Fintech Focus For July 1, 2020

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Daily Perspective: An analysis of 749 mass shootings over the past six years found that about 60% were either domestic violence attacks or committed by men with histories of domestic violence. - CityLab

Fintech Movers: The world’s top listed miner BHP Group said on Tuesday it had made its first yuan-denominated sale of iron ore to China Baoshan Iron & Steel Co Ltd and would explore using blockchain for such transactions in future. - Reuters


Benzinga Global Fintech Awards Spotlight:

Every year Benzinga, a leading news and data platform, holds the Global Fintech Awards, a day of dealmaking, networking, and recognition in the financial technology space.

Ahead of the November 10, 2020 event, this newsletter will highlight one disruptive innovator working to create positive and diverse change in the financial services space.

Today's disruptive innovator is Archax, a leading institutional-grade exchange for digital securities.

For a chance to make your mark on the future of innovation and be featured in this newsletter, check out our Global Fintech Awards!


Watch Out For This: Beijing asserted broad new powers over Hong Kong to rein in those who criticize its rule -- from pro-democracy protesters to news agencies to overseas dissidents -- laying out a new national security law that activists and business groups warned endangered the city’s appeal as a financial hub. - Bloomberg

  • TikTok is stealing personal data.
  • Bank reform will benefit society.
  • Malls are turning into apartments.
  • Fauci sees 100K new cases a day.

Photo by J.P. Morgan from Market Ear.

Market Moving Headline: Joe Biden told potential donors to his campaign that he would roll back most of President Donald Trump’s multi-trillion-dollar tax cuts – even though “a lot of you may not like that.” - CNBC

  • Deloitte: Pessimism prevalent.
  • Shell cuts $22M in asset values.
  • Serious delinquency rate rose.
  • Amazon takes cloud to space.
  • JPM cuts customers over race.
  • Uber to buy Postmates delivery.
  • Tesla valuation hits over $200B.
 

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