Monthly Archives: February 2023
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 […]
Hedge fund industry growth slowing, says SigTech
(Hedgeweek) New research from quant technology provider SigTech, drawing on data from Preqin and insights from various hedge fund managers, reveals that roughly 30,000 hedge funds are currently operating globally. The US dominates the industry with a market share of […]
SEC Charges Terraform and CEO Do Kwon with Defrauding Investors in Crypto Schemes
(HedgeCo.Net) The Securities and Exchange Commission has charged Singapore-based Terraform Labs PTE Ltd and Do Hyeong Kwon with orchestrating a multi-billion dollar crypto asset securities fraud involving an algorithmic stablecoin and other crypto asset securities. According to the SEC’s complaint, […]
Stock futures slip Friday morning as inflation data, Fed officials’ comments worry investors: Live updates
(CNBC) U.S. stock futures slipped on Friday morning after the major averages suffered declines amid concerns of stubbornly high inflation metrics. Dow Jones Industrial Average futures fell by 111 points, or 0.33%. S&P 500 and Nasdaq 100 futures dipped by […]
Hedge funds make strong start to 2023
(Hedgeweek) Hedge funds’ strong performance in January has been backed by numbers from another provider, with Bloomberg data providing more evidence that funds caught the upswings in equities and cryptocurrencies. To read this article:
Billionaire Charlie Munger: Cryptocurrency is ‘crazy, stupid gambling,’ and ‘people who oppose my position are idiots’
(CNBC) Billionaire investor Charlie Munger isn’t a fan of cryptocurrency. The Berkshire Hathaway vice chairman called the form of virtual currency “worthless” during Wednesday’s annual shareholder meeting of the Daily Journal Corporation, a publishing company where he’s a director. “Sometimes […]
Dropbox hit with $175 million real estate loss for 2022 as San Francisco office space sits empty
(CNBC) Dropbox made splashy headlines in 2017 when the software company signed the biggest office lease ever in San Francisco, securing 736,000 square feet over 15 years in the city’s Mission Bay neighborhood. The combination of a global pandemic in […]
