Monthly Archives: March 2024

Silver to shine as record gold run slows

(Hedgeweek) With the price of gold having hit multiple record highs in recent weeks, hedge fund managers are now beginning to turn their attention to silver as the next potential precious metal momentum play, according to a report by Kitco. […]

LTX by Broadridge integrates with TS Imagine

(Hedgeweek) LTX, an AI-powered fixed income trading platform and subsidiary of global Fintech, Broadridge Financial Solutions, Inc has integrated with TS Imagine’s Fixed Income Execution Management System, TradeSmart Fixed Income (TradeSmart). To read this article:

Stock futures are little changed as market rally takes a breather: Live updates

(CNBC) U.S. stock futures traded near the flatline Monday night, after the major averages took a breather from their rally. Dow Jones Industrial Average futures inched up just 11 points, or 0.03%. Futures tied to both the S&P 500 and […]

Bitcoin jumps 7%, retakes $70,000 to start the week

(CNBC) The price of the flagship cryptocurrency was last higher by 7.8% at $70,995.48, according to Coin Metrics. It briefly rose to $71,239.31 in late afternoon trading as the stock market closed. Ether jumped 7.4% to $3,634.80. Most other cryptocurrencies […]

FTX estate selling majority stake in AI startup Anthropic for $884 million

(CNBC) Bankrupt crypto exchange FTX has struck a deal with a consortium of buyers to sell the majority of its stake in artificial intelligence startup Anthropic for $884 million, according to a filing submitted late Friday to a Delaware court. […]

Adam Neumann makes a $500 million bid for WeWork that could hit $900 million if financing and diligence firm up

(CNBC) Adam Neumann’s financing was not immediately clear, although people familiar with the matter told CNBC that Dan Loeb’s Third Point was not involved in the offer. Neumann’s counsel had previously said that Loeb’s investment firm was backing the WeWork […]

Hedge funds up activity in crypto options, says Goldman

(Hedgeweek) The approval of ten new spot bitcoin ETFs in the United States in January has prompted an upsurge in hedge fund “interest and activities” in cryptocurrency markets, according to a report by Bloomberg citing Max Minton, Asia Pacific Head […]

Reddit shares rise 30% to start week after social media company’s IPO

(CNBC) The shares, which debuted at $34 on Thursday, closed at $59.80. Reddit and existing investors raised roughly $750 million combined in the offering. Reddit shares soared 48% on their first day of trading on New York Stock Exchange. A […]

Digital assets funds flip to record weekly outflows

(Hedgeweek) Digital asset investment products saw record weekly outflows totalling $942m, following a record seven-week run of inflows totalling $12.3bn, according to the latest Digital Asset Fund Flows Weekly Report from CoinShares. To read this article”

Stock futures slip ahead of shortened trading week: Live updates

(CNBC) Stock futures were slightly lower Sunday evening ahead of March’s last—and shortened—trading week. Futures tied to the Dow Jones Industrial Average edged lower by 37 points, or 0.1%. S&P futures and Nasdaq 100 futures lost nearly 0.1%. The market […]

Chrysler parent Stellantis laying off 400 salaried U.S. workers due to ‘unprecedented uncertainties’

(CNBC) Stellantis is laying off roughly 400 salaried employees in the U.S. in its engineering, technology and software units to cut costs as the automaker faces what it calls challenging market conditions. Stellantis on Friday said the layoffs would affect […]

Inside Austin’s bitcoin underground

(CNBC) The Bitcoin Commons is, at once, many things. By day, it functions as an open plan, fluorescent-lit co-working space for the more corporate-minded bitcoin operators, but at night, it moonlights as a safe space for underground meet-ups of the […]