Monthly Archives: February 2023
Church of Jesus Christ of Latter-day Saints and Its Investment Company Charged for Disclosure Failures and Misstated Filings
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Ensign Peak Advisers Inc., a non-profit entity operated by The Church of Jesus Christ of Latter-day Saints to manage the Church’s investments, for failing to file forms that would have […]
Stock futures inch higher as investors brace for Fed minutes: Live updates
(CNBC) Stock futures rose slightly in overnight trading as Wall Street braced for the Federal Reserve’s latest meeting minutes and more insight on the central bank’s future hiking agenda. Crypto exchange platform Coinbase topped revenue expectations. Futures tied to the […]
Coinbase beats on revenue and earnings, but usage continues to decline
(CNBC) Coinbase reported user numbers that fell short of analysts’ estimates even as fourth-quarter earnings and revenue beat projections. The stock rose more than 2% in extended trading after dropping 4.8% during the day. Here’s how the company did: Earnings: Loss of $2.46 […]
Over 50 hedge funds in Dubai discussions
(Hedgeweek) Over 50 hedge funds are currently in discussion with Dubai’s financial centre over establishing a presence in the Middle East business hub after a number of the sector’s big beasts, including Millennium Management and Exodus Point Capital, opened operations […]
Elliott makes Man Utd finance offer
(Hedgeweek) Elliott Investment Management has ruled itself out of making a formal bid to acquire Manchester United, but is keen to be involved in providing finance for the Red Devils, a move that could allow current owners, Joel and Avram […]
GOP lawmakers vilify ESG moves at BlackRock, Vanguard but take their money nonetheless
(CNBC) Republican lawmakers who railed against “woke capitalism” in the 2022 midterm elections have taken tens of thousands of dollars in campaign donations from some of the same Wall Street money managers they have attacked for pushing what the GOP […]
NBA Hall of Famer Paul Pierce Charged For Unlawfully Touting and Making Misleading Statements about Crypto Security
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against former NBA player Paul Pierce for touting EMAX tokens, crypto asset securities offered and sold by EthereumMax, on social media without disclosing the payment he received for the promotion and […]
Galois to shut down after losing $40m in FTX collapse
(Hedgeweek) Fallout from the collapse of Sam Bankman-Fried’s cryptocurrency empire continues to impact the hedge fund world with news that Galois Capital, one of the world’s largest crypto-focused hedge funds is to shut down after losing a large chunk of […]
The SEC has a stablecoin firm in its sights — and it could shake up the whole $137 billion market
(CNBC) The U.S. Securities and Exchange Commission could be gearing up to take action against Paxos, a company that issues a type of cryptocurrency called stablecoin. The move will have major implications for the $137 billion market. Stablecoins are a […]
Stock futures fall as Dow tries to rebound from its third-straight weekly decline: Live updates
(CNBC) U.S. stock futures fell Monday night following a week during which higher interest rates kept investor sentiment in check. Dow Jones Industrial Average futures dipped 102 points, or 0.3%. S&P 500 futures also dipped 0.3%, and Nasdaq-100 futures pulled […]
Walmart will report holiday-quarter earnings before the bell — here’s what to expect
(CNBC) Walmart will report its holiday-quarter earnings on Tuesday morning, as investors and economists try to gauge the health of the American consumer. Here’s what analysts expect Walmart to report for the fiscal fourth quarter, according to Refinitiv consensus estimates: […]
HSBC reports fourth-quarter pre-tax profit of $5.2 billion, beating estimates
(CNBC) HSBC on Tuesday reported fourth-quarter earnings for 2022 that beat analyst expectations. The bank’s reported profit before tax for the three months ended in December was $5.2 billion, 108% higher than $2.5 billion a year ago and better than […]