Monthly Archives: January 2023
Stock futures tick up after Dow goes negative for the year
(CNBC) Stock futures ticked higher on Thursday as investors tried to hang onto the January rally amid worries about monetary policy and slowing earnings. Futures tied to the Dow Jones Industrial Average rose 11 points, or 0.03%. S&P 500 and […]
Crypto lender Genesis files for bankruptcy in latest blow to Barry Silbert’s DCG empire
(CNBC) Crypto lender Genesis filed for Chapter 11 bankruptcy protection late Thursday night in Manhattan federal court, the latest casualty in the industry contagion caused by the collapse of FTX and a crippling blow to a business once at the […]
Binance was final destination for millions in funds from Bitzlato, exchange shut down for alleged money laundering
(CNBC) Federal prosecutors unsealed an indictment against a little-known crypto exchange called Bitzlato on Wednesday, alleging that it facilitated the laundering of $700 million in tainted crypto tied to the now-shuttered dark-web market Hydra, and millions more in ransomware proceeds. […]
CTAs return 7.33% in 2022
(Hedgeweek) The managed futures industry cut its monthly loss to -0.13% in December, following a -1.33% loss a month earlier, according to the Barclay CTA Index, compiled by BarclayHedge. CTAs were in positive territory for the year, however, posting a […]
Netflix blows away expectations on subscriber numbers
(CNBC) Netflix added millions more subscribers in the fourth quarter than Wall Street expected, helping to send shares of the streamer up after the bell despite a big earnings miss. To read this article:
Disney activist Trian down 10.6% in 2022
(Hedgeweek) Trian Fund Management, the activist hedge fund investment firm currently pushing for changes plus a seat on the board at Walt Disney Co, lost 10.6% last year as many hedge funds incurred losses on the back of market volatility, […]
Hedge funds outperform S&P500 in December and calendar year 2022
(Hedgeweek) As recession fears continued to pull equity markets down in December, the hedge fund industry posted its own – if smaller – monthly loss, down -1.68% for the month, according to the Barclay Hedge Fund Index compiled by BarclayHedge. […]
SkyBridge bets on bitcoin reaching $35k
(Hedgeweek) SkyBridge Capital has adopted an “overly bullish” view on cryptocurrencies, says founder Anthony Scaramuchi, and is betting that there will be a sustained turnaround in the digital assets space during 2023, according to a report by Reuters. To read […]
Stock futures fall as investors look ahead to economic data, Federal Reserve speeches
(CNBC) Stock futures traded lower on Thursday morning as investors awaited economic data and speeches from Federal Reserve leaders. Futures tied to the Dow Jones Industrial Average fell 47 points, or 0.14%. S&P 500 futures and Nasdaq 100 futures shed […]
Microsoft, Amazon and other tech companies have laid off more than 60,000 employees in the last year
(CNBC) The job cuts in tech land are piling up, as companies that led the 10-year bull market adapt to a new reality. Microsoft said Wednesday that it’s letting go of 10,000 employees, which will reduce the company’s headcount by less […]
Read the memos Amazon execs sent to employees about job cuts
(CNBC) Amazon on Wednesday commenced the latest wave of job cuts in its corporate workforce in what’s poised to be the largest round of layoffs in the company’s history. Employees were notified of the cuts in emails sent by Doug […]
Davos elites see a major risk ahead for markets with looming U.S. debt standoff
(CNBC) The finance and tech CEOs gathering at the World Economic Forum this week expressed measured optimism about the economy in 2023 — but at least one major risk looms for markets, they said. The resilient U.S. economy, a mild […]