Economy

President Trump Declares October 2026 National Energy Dominance Month

1 min readyesterday

The proclamation applies to the United States and its energy sector starting October 2026

Federal Reserve Opens Comment Period on Gullace Trust's Bank Share Acquisition

1 min readyesterday

Comments on the Gullace Generation Family Trust's proposed acquisition of voting shares in Greater Rochester Bancorp must be filed by Oct. 28, 2026.

Economy

WaFd seeks Fed approval to acquire EverBank Financial Corp

1 min readyesterday

WaFd, Inc. must obtain Federal Reserve Board approval for its proposed acquisition of EverBank Financial Corp, with comments due by Nov. 12, 2026.

Economy

Cboe EDGA Files Immediate Rule Change to Create Data Vendor Program

1 min readyesterday

The rule, effective September 28, 2026, applies to external distributors meeting the new Data Vendor definition and grants fee waivers on Cboe One Summary and Premium feeds.

Economy

SEC Extends Review Deadline for CME Securities Clearing Cross-Margin Rule Change

1 min readyesterday

CMEC Securities Clearing's cross-margining proposal (SR-CMESC-2026-007) now must be acted on by the SEC by Nov. 29, 2026.

Economy

Cboe adds GTH-Only order types and revises Global and Curb session rules

1 min readyesterday

The change, effective immediately on September 25 2026, applies to all Cboe Options Users for Global Trading Hours and Curb sessions.

Economy

Cboe EDGA expands clearly erroneous trade protections to overnight hours

1 min readyesterday

The amendment applies to all EDGA market participants and takes effect immediately upon filing on September 24, 2026.

Economy

Cboe BZX Extends Clearly Erroneous Execution Protections to Overnight Hours

1 min readyesterday

The amendment applies to all BZX market participants, taking effect immediately upon filing on September 24, 2026.

Economy

Cboe BYX Exchange expands Rule 11.17 to cover overnight price bands

1 min readyesterday

The amendment applies to all BYX market participants and extends clearly erroneous trade review protections to overnight trading, effective September 24, 2026

Economy

SEC grants temporary effect to amendment shifting consolidated price time to 7:30 p.m.

1 min readyesterday

The joint industry plan participants, including Nasdaq and major exchanges, must use a 7:30 p.m. ET consolidated price starting Dec 6 2026, pending comment.

Economy

Nasdaq proposes to drop information circular requirement for UTP derivatives

1 min readyesterday

The change eliminates the need for Nasdaq members to receive a separate circular before trading UTP derivative securities, effective immediately upon filing.

Economy

SEC Extends Action Deadline for MEMX Event Contract Rule Change to Nov. 25, 2026

1 min readyesterday

The extension applies to MEMX LLC's proposed rule change for securities event contracts, with the new decision deadline of Nov. 25, 2026.

Economy

Cboe BZX adds IEX to $0.25 routing fee code RP

1 min readyesterday

Effective Oct. 1, 2026, the amendment applies a $0.25 per-contract routing fee for IEX orders to all BZX members.

Economy

Cboe EDGX adds IEX to fee code RP with $0.25 per contract charge

1 min readyesterday

The amendment applies to all member customer orders routed to IEX and is effective Oct. 1, 2026.

Economy

Nasdaq Texas adopts immediate rule change ending information circulars for UTP derivatives

1 min readyesterday

The amendment, effective immediately upon filing on September 28, 2026, removes the Exchange's information-circular requirement for members trading UTP Derivative Securities on Nasdaq Texas.

Economy

Nasdaq PHLX expands clearly erroneous trade rules to overnight hours

1 min readyesterday

The amendment to Equity 4 Rule 3312 takes effect immediately, covering all PHLX market participants.

Economy

Nasdaq Texas expands clearly erroneous trade rules to overnight hours

1 min readyesterday

The amendment to Equity 11 Rule 11890, filed Sep. 25, 2026, applies to trades executed during Overnight Protected Hours effective immediately.

Economy

Nasdaq requires $4 minimum price for all new Capital Market listings

1 min readyesterday

All companies seeking initial listing on the Nasdaq Capital Market must meet a $4 per share price, effective immediately with a 30-day implementation period.

Economy

Cboe BYX Exchange adopts Data Vendor Program with immediate effect

1 min readyesterday

The rule applies to eligible external distributors of Cboe One Summary and Premium feeds, effective immediately upon filing on September 28, 2026.

Economy

Cboe BZX adopts Data Vendor Program with fee waivers

1 min readyesterday

The rule, effective September 28, 2026, applies to external distributors of market data on the BZX exchange.

Elsewhere

What other outlets are reporting on this beat. We link out; we do not republish.

Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
[Federal Register Volume 91, Number 196 (Tuesday, October 13, 2026)] [Notices] [Pages 64930-64931] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 2026-20886] ----------------------------------------------------------------------- FEDERAL RESERVE SYSTEM Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company The notificants listed below have applied under the Change in Bank Control Act (Act) (12 U.S.C. 1817(j)) and Sec. 225.41 of the Board's Regulation Y (12 CFR 225.41) to acquire shares of a bank [[Page 64931]] or bank holding company. The factors that are considered in acting on the applications are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)). The public portions of the applications listed below, as well as other related filings required by the Board, if any, are available for immediate inspection at the Federal Reserve Bank(s) indicated below and at the offices of the Board of Governors. This information may also be obtained on an expedited basis, upon request, by contacting the appropriate Federal Reserve Bank and from the Board's Freedom of Information Office at https://www.federalreserve.gov/foia/request.htm. Interested persons may express their views in writing on the standards enumerated in paragraph 7 of the Act. Comments received are subject to public disclosure. In general, comments received will be made available without change and will not be modified to remove personal or business information including confidential, contact, or other identifying information. Comments should not include any information such as confidential information that would not be appropriate for public disclosure. Comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors, Benjamin W. McDonough, Secretary of the Board, 20th Street and Constitution Avenue NW, Washingto
Federal Register - Federal Reserve System October 13, 2026
Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
[Federal Register Volume 91, Number 196 (Tuesday, October 13, 2026)] [Notices] [Pages 64930-64931] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 2026-20886] ----------------------------------------------------------------------- FEDERAL RESERVE SYSTEM Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company The notificants listed below have applied under the Change in Bank Control Act (Act) (12 U.S.C. 1817(j)) and Sec. 225.41 of the Board's Regulation Y (12 CFR 225.41) to acquire shares of a bank [[Page 64931]] or bank holding company. The factors that are considered in acting on the applications are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)). The public portions of the applications listed below, as well as other related filings required by the Board, if any, are available for immediate inspection at the Federal Reserve Bank(s) indicated below and at the offices of the Board of Governors. This information may also be obtained on an expedited basis, upon request, by contacting the appropriate Federal Reserve Bank and from the Board's Freedom of Information Office at https://www.federalreserve.gov/foia/request.htm. Interested persons may express their views in writing on the standards enumerated in paragraph 7 of the Act. Comments received are subject to public disclosure. In general, comments received will be made available without change and will not be modified to remove personal or business information including confidential, contact, or other identifying information. Comments should not include any information such as confidential information that would not be appropriate for public disclosure. Comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors, Benjamin W. McDonough, Secretary of the Board, 20th Street and Constitution Avenue NW, Washingto
Federal Register - Federal Reserve System October 13, 2026
The hawk Fed Chair who broke the bond market?
Kevin Warsh may be the most hawkish Federal Reserve chair since Paul Volcker. That’s a compliment in some circles. It’s also a warning. Volcker beat inflation, but he broke things on the way, and the bond market is now finding out what Warsh might break. Thirty-year Treasury yields have climbed to their highest level since 2002. In September alone, the 10-year yield jumped more than half a percentage point, to about 5.3%. It was the worst month for U.S. government bonds in four years. The usual explanations don’t hold up for these movements. Technical market dynamics that impact demand may include, for example, a modest slackening in the so-called basis trade (with hedge funds buying fewer Treasurys in support of leveraged bets). Some observers point to an assumed increase in the “term premium” – the extra yield supposedly needed to offset duration risk for holders of longer-term bonds. Other theories are even more esoteric and/or difficult to measure. There might be an “absorption premium” – an academic suggestion – said to boost the yield for reasons too abstruse to summarize easily. But technical factors seem insufficient to account for a shift of such magnitude in a $40 trillion market. They may play some small role but they are not the drivers of this tectonic regime change. The strategic explanations would be inflation, deficits and geopolitics, and the “bond vigilantes” who supposedly punish fiscal sin. These are background risks, and nothing in August or September re-priced them. What changed was the Fed. How a Speech Became a Rout Aug. 28: At Jackson Hole, Warsh signals a hawkish turn. Torsten Sløk, Apollo’s chief economist, writes that the Fed “went into 2026 expecting several cuts, and now the FOMC is leaning toward hiking.” The sell-off begins as traders price in a September hike. Sept. 11: A hot August CPI report adds fuel. The sell-off accelerates, though traders may have misread the number. Sept. 16: The Fed raises rates a quarter point, as expecte
Fortune 2 hours ago
The hawk Fed Chair who broke the bond market?
Kevin Warsh may be the most hawkish Federal Reserve chair since Paul Volcker. That’s a compliment in some circles. It’s also a warning. Volcker beat inflation, but he broke things on the way, and the bond market is now finding out what Warsh might break. Thirty-year Treasury yields have climbed to their highest level since 2002. In September alone, the 10-year yield jumped more than half a percentage point, to about 5.3%. It was the worst month for U.S. government bonds in four years. The usual explanations don’t hold up for these movements. Technical market dynamics that impact demand may include, for example, a modest slackening in the so-called basis trade (with hedge funds buying fewer Treasurys in support of leveraged bets). Some observers point to an assumed increase in the “term premium” – the extra yield supposedly needed to offset duration risk for holders of longer-term bonds. Other theories are even more esoteric and/or difficult to measure. There might be an “absorption premium” – an academic suggestion – said to boost the yield for reasons too abstruse to summarize easily. But technical factors seem insufficient to account for a shift of such magnitude in a $40 trillion market. They may play some small role but they are not the drivers of this tectonic regime change. The strategic explanations would be inflation, deficits and geopolitics, and the “bond vigilantes” who supposedly punish fiscal sin. These are background risks, and nothing in August or September re-priced them. What changed was the Fed. How a Speech Became a Rout Aug. 28: At Jackson Hole, Warsh signals a hawkish turn. Torsten Sløk, Apollo’s chief economist, writes that the Fed “went into 2026 expecting several cuts, and now the FOMC is leaning toward hiking.” The sell-off begins as traders price in a September hike. Sept. 11: A hot August CPI report adds fuel. The sell-off accelerates, though traders may have misread the number. Sept. 16: The Fed raises rates a quarter point, as expecte
Fortune 2 hours ago
Democratic candidates ask Supreme Court to leave in place appeals court ruling in political ad rate dispute
Lawyers for a group of Democratic candidates for the U.S. House of Representatives and the Senate, including Sen. Jon Ossoff of Georgia and former Sen. Sherrod Brown of Ohio, urged the Supreme Court on Saturday afternoon to leave in place a ruling by a federal appeals court that had directed the Federal Communications Commission to rule quickly on a challenge to its “public notice” that would extend favorable advertising rates to political parties and joint fundraising committees in the run-up to federal elections. David Fox, representing the candidates, accused the FCC of seeking to “engage in blatant procedural trench warfare to stave off judicial review of an unlawful agency directive until it is too late to matter.”The candidates’ filing came just two days after the FCC and two Republican groups, the National Republican Congressional Committee and the National Republican Senatorial Committee, came to the Supreme Court, asking the justices to pause the decision by the U.S. Court of Appeals for the 4th Circuit, which had instructed the FCC to take action by noon on Friday. Chief Justice John Roberts, who has initial responsibility for appeals from the 4th Circuit, on Thursday granted an administrative stay, which put the 4th Circuit’s ruling on hold while the Supreme Court considers the requests from the FCC and the Republican groups.Thursday’s filings were the second time in less than six weeks that the battle over the favorable advertising rates has come to the court. Under federal election law, candidates for federal office can purchase advertising time at preferential rates during the 45-day run-up to the primary election and the 60-day period before the general. The dispute now before the court arose after the FCC’s Media Bureau issued a “public notice” on March 30 indicating that political parties and joint fundraising committees should also receive the favorable rates.On April 29, Ossoff, Brown, former Gov. Roy Cooper of North Carolina, who is running for S
SCOTUSblog 15 hours ago
Democratic candidates ask Supreme Court to leave in place appeals court ruling in political ad rate dispute
Lawyers for a group of Democratic candidates for the U.S. House of Representatives and the Senate, including Sen. Jon Ossoff of Georgia and former Sen. Sherrod Brown of Ohio, urged the Supreme Court on Saturday afternoon to leave in place a ruling by a federal appeals court that had directed the Federal Communications Commission to rule quickly on a challenge to its “public notice” that would extend favorable advertising rates to political parties and joint fundraising committees in the run-up to federal elections. David Fox, representing the candidates, accused the FCC of seeking to “engage in blatant procedural trench warfare to stave off judicial review of an unlawful agency directive until it is too late to matter.”The candidates’ filing came just two days after the FCC and two Republican groups, the National Republican Congressional Committee and the National Republican Senatorial Committee, came to the Supreme Court, asking the justices to pause the decision by the U.S. Court of Appeals for the 4th Circuit, which had instructed the FCC to take action by noon on Friday. Chief Justice John Roberts, who has initial responsibility for appeals from the 4th Circuit, on Thursday granted an administrative stay, which put the 4th Circuit’s ruling on hold while the Supreme Court considers the requests from the FCC and the Republican groups.Thursday’s filings were the second time in less than six weeks that the battle over the favorable advertising rates has come to the court. Under federal election law, candidates for federal office can purchase advertising time at preferential rates during the 45-day run-up to the primary election and the 60-day period before the general. The dispute now before the court arose after the FCC’s Media Bureau issued a “public notice” on March 30 indicating that political parties and joint fundraising committees should also receive the favorable rates.On April 29, Ossoff, Brown, former Gov. Roy Cooper of North Carolina, who is running for S
SCOTUSblog 15 hours ago
Junk bonds are 'flashing yellow.' Watch these warning signs
Ktsdesign/science Photo Library | Science Photo Library | Getty ImagesCracks are forming in the junk bond market as investors demand higher payouts for owning the market's riskiest debt. It isn't time to ditch high-yield bonds, but investors should pay attention to the warning signs. High-yield bonds now yield 8.1%, up from 7.22% a month ago. The increase reflects a jump in yields across the curve as investors bake in more inflation from high energy prices and other pressures, including concern about the deficit — hitting nearly $2 trillion in the fiscal year that ended Sept. 30. The high-yield market is also showing stress on the credit side with spreads recently widening to levels not seen since April, according to the Federal Reserve Bank of St. Louis. Credit spreads are the difference in yield between the bonds and Treasurys of similar maturities. Wider spreads mean investors are demanding higher yields for holding corporate debt, viewing it as riskier.Spreads are at 315 basis points in the overall high-yield market, higher than a year ago but still below levels in March when they reached 346 bps. One basis point equals one one-hundredth of a percent, or 0.01%.The high-yield market consists of bonds rated BB+ by S&P and Fitch and Ba1 and under by Moody's. The lowest-rated cohort, CCC and below, has seen the most movement with spreads climbing dramatically over the past year to roughly 1,250 bps.'Flashing yellow'Right now, the high-yield market is "flashing yellow" but is "far from red," said Michael Arone, chief investment strategist at State Street Investment Management.It makes sense that investors are demanding more compensation for taking on additional credit risk as borrowing costs rise, he said. Yields are elevated across the board with the 10-year Treasury reaching its highest level since 2002 earlier in the week. "The bigger question is whether this is simply a repricing of interest rate risk, or the beginning of a more fundamental reassessment of credit
CNBC 2 days ago
Junk bonds are 'flashing yellow.' Watch these warning signs
Ktsdesign/science Photo Library | Science Photo Library | Getty ImagesCracks are forming in the junk bond market as investors demand higher payouts for owning the market's riskiest debt. It isn't time to ditch high-yield bonds, but investors should pay attention to the warning signs. High-yield bonds now yield 8.1%, up from 7.22% a month ago. The increase reflects a jump in yields across the curve as investors bake in more inflation from high energy prices and other pressures, including concern about the deficit — hitting nearly $2 trillion in the fiscal year that ended Sept. 30. The high-yield market is also showing stress on the credit side with spreads recently widening to levels not seen since April, according to the Federal Reserve Bank of St. Louis. Credit spreads are the difference in yield between the bonds and Treasurys of similar maturities. Wider spreads mean investors are demanding higher yields for holding corporate debt, viewing it as riskier.Spreads are at 315 basis points in the overall high-yield market, higher than a year ago but still below levels in March when they reached 346 bps. One basis point equals one one-hundredth of a percent, or 0.01%.The high-yield market consists of bonds rated BB+ by S&P and Fitch and Ba1 and under by Moody's. The lowest-rated cohort, CCC and below, has seen the most movement with spreads climbing dramatically over the past year to roughly 1,250 bps.'Flashing yellow'Right now, the high-yield market is "flashing yellow" but is "far from red," said Michael Arone, chief investment strategist at State Street Investment Management.It makes sense that investors are demanding more compensation for taking on additional credit risk as borrowing costs rise, he said. Yields are elevated across the board with the 10-year Treasury reaching its highest level since 2002 earlier in the week. "The bigger question is whether this is simply a repricing of interest rate risk, or the beginning of a more fundamental reassessment of credit
CNBC 2 days ago

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