Monthly Archives: January 2024
‘Big Short’ investor Steve Eisman worries ‘everybody is coming into the year feeling too good,’ sees room for disappointment
(CNBC) Investor Steve Eisman of “The Big Short” fame is questioning the level of bullishness on Wall Street — even with the market’s tepid start to the year. From enthusiasm surrounding the “Magnificent Seven” technology stocks to expectations for multiple […]
Hedge fund industry continues to grow
(Hedgeweek) New hedge fund launches and liquidations were steady into the fourth quarter as managers positioned for the peak of generational inflation and the conclusion of aggressive interest rate increases which have dominated the past two years. To read this […]
Point72 joins Hargreaves Lansdown short-sellers
(Hedgeweek) Point72 Asset Management, the hedge fund firm run by Steve Cohen, has joined a group of investors that have built up a big bet against shares of British wealth management firm Hargreaves Lansdown, according to a report by The […]
US dollar hits multi-week low amid rate cut expectations
(Hedgeweek) The US dollar continues its downward trajectory, hitting a multi-week low, influenced by market anticipation of an early Federal Reserve rate cut, possibly in March. This sentiment is reinforced by falling treasury yields which add to the pressure on […]
Heroes to zeroes in 12 months: How the two biggest crypto billionaires proved the critics right
(CNBC) After a brutal 18 months of bankruptcies, company failures and criminal trials, the crypto market is starting to claw back some of its former standing. Bitcoin is up more than 150% this year. Meanwhile, Solana is nearly 10x higher […]
Stock futures are flat as market kicks off new year’s trading after a strong 2023: Live updates
(CNBC) Stock futures were flat in overnight trading Monday as the market is poised to kick off the new year following a surprisingly strong 2023 that saw the S&P 500 rally 24%. Futures on the Dow Jones Industrial Average were […]
These are the boldest bitcoin predictions for 2024 — one calls for a 1,000% rally to $500,000
(CNBC) Bitcoin had a huge rally in 2023, with the digital currency up some 152% for the year. And a number of commentators CNBC spoke to — both inside and outside of the cryptocurrency industry — expect the rise to […]
Tech stocks just wrapped up one of their best years in past two decades after 2022 slump
(CNBC) Tech stocks rebounded from a disastrous 2022 and lifted the Nasdaq to one of its strongest years in the past two decades. After last year’s 33% plunge, the tech-heavy Nasdaq finished 2023 up 43%, its best year since 2020, […]
Prosecutors say they will not pursue second Sam Bankman-Fried trial
(CNBC) Prosecutors have decided not to pursue a second trial against disgraced FTX founder Sam Bankman-Fried. In a note to Judge Lewis Kaplan on Friday, the U.S. government explained that the decision to forego a second set of proceedings had […]
United States acts as top cop — setting the crypto standards for the world
(CNBC) Regulators around the world from Europe to Asia ramped up efforts to bring about formal laws for digital currencies in 2023 — but it was the U.S. that took some of the harshest legal actions against major players in […]
SkyBridge fund down 39% in 2022 on failed crypto bets
(Hedgeweek) SkyBridge Capital, the hedge fund firm found by Anthony Scaramucci, saw losses in its largest fund of 39% last year after investors asked the firm to return half their money after a series of failed bets on cryptocurrencies and […]
Stock futures inch higher as S&P 500 heads for best January since 2019
(CNBC) Stock futures rose slightly in overnight trading as the S&P 500 looks to cap off its best January since 2019.Futures tied to the S&P 500 added 0.26%, while futures connected to the Dow Jones Industrial Average inched 0.15%, or […]