Today: 22 May 2026
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NASDAQ:TACT 22 May 2026

China Closes Retail Access to Overseas Stocks

China Closes Retail Access to Overseas Stocks

China’s securities regulator ordered Tiger Brokers, Futu Securities International, and Longbridge Securities to wind down unapproved cross-border trading for mainland clients, citing illegal operations. Shares of Futu and Tiger parent UP Fintech plunged over 30% in U.S. premarket trading. Existing clients have two years to sell assets and withdraw funds, but cannot make new trades. Authorities plan to confiscate illegal gains.
22 May 2026
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Stock Market Today

  • Digital Media & Content Platforms Q1 Review: IAC Trails Peers Amid Sector Challenges
    May 22, 2026, 9:51 AM EDT. Digital media & content platforms stocks reported weaker than expected Q1 results, with revenues missing consensus by 5.3% and guidance falling 1.9% short. IAC (NASDAQ:IAC) posted a 12.2% revenue decline to $422.9 million, missing estimates by 17.1%, dragging its shares down 9.4%. IAC's portfolio includes Dotdash Meredith and Angi, focusing on digital publishing and home services. Meanwhile, Stride (NYSE:LRN) led the group with 2.7% revenue growth to $629.9 million, meeting forecasts but saw a 4% stock drop post-earnings due to mixed guidance. The sector faces challenges from regulatory scrutiny of AI content, and the diminishing efficacy of third-party cookies affecting digital ad targeting. Collectively, these pressures weighed on investor sentiment, pulling average sector shares down 2.9% post-reporting.

Latest articles

Archer Aviation Rises as Air-Taxi Hopes Return

Archer Aviation Rises as Air-Taxi Hopes Return

22 May 2026
Archer Aviation stock traded at $6.14 in premarket Friday after jumping 5.8% Thursday on heavy volume, as investors watched FAA certification progress for its Midnight eVTOL aircraft. Archer reported a Q1 net loss of $217.7 million and ended March with $1.78 billion in cash. The company expects initial U.S. operations in 2026 under a federal pilot program. S&P 500 and Nasdaq futures were higher before the open.
UP Fintech Shares Drop in Premarket After Crackdown on Tiger Brokers in China

UP Fintech Shares Drop in Premarket After Crackdown on Tiger Brokers in China

22 May 2026
UP Fintech’s Nasdaq-listed shares fell 34.47% to $3.83 in premarket trading after China’s securities regulator said its Tiger Brokers unit, Futu, and Longbridge operated unlicensed cross-border securities businesses for mainland investors. The regulator plans to confiscate illegal gains and impose penalties. UP Fintech is set to report first-quarter results on June 2.
Akari Therapeutics Shares Jump As KRAS Cancer News Returns

Akari Therapeutics Shares Jump As KRAS Cancer News Returns

22 May 2026
Akari Therapeutics shares more than doubled in premarket trading Friday after its lead cancer drug showed positive preclinical results in KRAS-mutated pancreatic cancer models and the company announced a $5.5 million private placement. The stock was quoted at $10.15, up from Thursday’s $5.14 close. Akari plans to start Phase 1 human trials of AKTX-101 by mid-2027. The company reported $2.8 million in cash at March 31.
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