The NHL's Board of Governors approved the $1.2 billion sale of the Arizona Coyotes to Ryan Smith in April.
"Investors' expectation that the Fed would nip a recession in the bud by easing means that the Fed Put is back," Ed Yardeni said.
The Australian Securities and Investments Commission (ASIC) said it found J.P. Morgan Securities' failure to identify the suspicious trades to be "careless" and that it should have acted more expeditiously when the regulator flagged the transactions. "JPMSAL (J.P. Morgan Securities) has resolved this matter," a JPMorgan spokesperson told Reuters. JPMorgan did not contest the allegations against it and paid the penalty amount, the regulator said.