Monthly Archives: May 2022
Bitcoin slips below $29,000 as crypto sell-off continues
(CNBC) Bitcoin dropped below the $29,000 level as a recent sell-off in the cryptocurrency space continues. The price of bitcoin was last down 2.42% to $28,716.15 as of 11:44 p.m. ET Wednesday, according to data from Coin Metrics. Ether fell […]
SEC Obtains Final Judgment Against Former Company CFO for Role in Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission has obtained a final judgment against the former Chief Financial Officer of a Marin County, California investment and management company for his role in a Ponzi scheme that defrauded investors. The SEC’s complaint, filed […]
April’s consumer price index report expected to show inflation has already peaked
(CNBC) April’s consumer price index report is expected to show inflation has already reached a peak — a development that some investors say could temporarily soothe markets. But economists say, even with a reprieve in headline inflation, core inflation could […]
Stock futures are higher ahead of key inflation reading
(CNBC) Stock futures were higher in early morning trading Wednesday ahead of a key inflation reading. Futures on the Dow Jones Industrial Average rose 79 points, or 0.25%. S&P 500 futures were 0.34% higher and Nasdaq 100 futures gained 0.71%. […]
Coinbase revenue drops 27% from a year ago, stock slides
(CNBC) Coinbase reported first-quarter results that missed analysts’ revenue estimates after the bell on Tuesday. Shares fell more than 15% in after-hours trading, building on a drop of 12.6% during regular trading hours before the results dropped. Here are the […]
Fed’s Waller promises to tackle inflation, says mistakes of the ’70s won’t be repeated
(CNBC) Federal Reserve Governor Christopher Waller pledged Tuesday that the rate-setting group wouldn’t make the same mistakes on inflation that it did in the 1970s. Back then, he said during a panel chat with Minneapolis Fed President Neel Kashkari, the […]
Bill Gates sees an argument for a global economic slowdown hitting this year
(CNBC) Add the global economy to Bill Gates’ growing list of concerns these days. The billionaire Microsoft co-founder believes factors like Russia’s war in Ukraine and the pandemic’s economic fallout create a “strong argument” that the world will see an […]
Only 15% of women in C-Suite roles, according to IG Prime research
(Hedgeweek) A recent report from IG Prime has found only 15% of senior management team members in hedge funds are women across the globe. To read this article:
SEC Obtains Final Judgment Against Michigan Investment Adviser for Fraud
(HedgeCo.Net) The U.S. District Court for the Eastern District of Michigan entered a final judgment against Steven F. Muntin, a former Michigan-based investment adviser representative at an SEC-registered investment adviser, for defrauding one of his investment advisory clients out of […]
Tech giants lost more than $1 trillion in value in the last three trading days
(CNBC) The world’s largest technology companies have shed over $1 trillion in value in just three trading sessions. Stocks at large have sold off since the Federal Reserve raised its benchmark interest rate on Wednesday, but technology has endured more […]
Stock futures are higher after S&P 500 falls to its lowest level in more than a year
(CNBC) U.S. stock futures swung between positive and negative territory on Monday night after the S&P 500 fell to its lowest level in more than a year. Dow Jones Industrial Average futures were last up 107 points, or 0.33%. S&P […]
Bitcoin briefly dips below $30,000, drops more than 56% from its all-time high
(CNBC) Bitcoin dropped below the $30,000 level late Monday, breaching a symbolic price threshold. At its lowest price point, the world’s most popular cryptocurrency was more than 12% lower on the day — and more than 56% off its November […]