Monthly Archives: February 2023
Former Convicted Felon to Pay $24 Million to Settle SEC Charges for Operating a Ponzi and Pyramid Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced the resolution of its fraud action against Eric J. “EJ” Dalius and the business he owned, Saivian LLC. Dalius and Saivian LLC have agreed to pay $24 million in disgorgement, prejudgment interest […]
Microsoft CEO Nadella calls A.I.-powered search biggest thing for company since cloud 15 years ago
(CNBC) Microsoft CEO Satya Nadella said Tuesday that search powered by artificial intelligence is the biggest thing to happen to his company in the nine years he’s been at the helm. “I have not seen something like this since I […]
Stock futures dip slightly as traders assess Fed Chair Powell’s inflation remarks
(CNBC) U.S. stock futures inched lower in overnight trading Tuesday. Dow Jones Industrial Average futures fell by 19 points, paring most of earlier losses following President Joe Biden’s State of the Union address. S&P 500 and Nasdaq 100 futures also […]
Fed Chair Powell says inflation is starting to ease, but interest rates still likely to rise
(CNBC) Federal Reserve Chairman Jerome Powell said Tuesday that inflation is beginning to ease, though he expects it to be a long process and cautioned that interest rates could rise more than markets anticipate if the economic data doesn’t cooperate. […]
Bitcoin rises above $23,000 after Fed Chair Powell says inflation is coming down
(CNBC) Bitcoin rose above $23,000 after Federal Reserve Chair Jerome Powell addressed an economics forum in Washington, D.C., saying that inflation is coming down. Bitcoin added 1% to $23,236.80, according to Coin Metrics. Ether rose 1.3% to $1,667.63. Bitcoin struggled […]
SocGen reports 64% slide in annual profits but beats market expectations
(CNBC) Societe Generale on Wednesday reported a 64% drop in annual net profits for 2022, weighed on by lower activity in its domestic banking unit, currency effects and increased operating expenses. The French bank said net income came in at 1.16 […]
Zoom to lay off 1,300 employees, or about 15% of its workforce
(CNBC) Zoom on Tuesday announced plans to cut about 1,300 workers, or 15% of its workforce, according to a blog post on the company’s website. Shares of Zoom closed up about 9.8%. CEO Eric Yuan wrote in the blog post […]
SEC Charges Investment Adviser with Multi-Million Dollar Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged Joshua W. Coleman, resident of North Wales, Pennsylvania and former investment adviser, for perpetrating a fraudulent scheme that yielded him over $200 million in illicit loan proceeds. According to the SEC’s complaint, […]
Winklevoss twins’ crypto exchange Gemini to contribute $100 million to Genesis bankruptcy recovery
(CNBC) Crypto exchange Gemini will contribute up to $100 million in cash, earmarked for its customers, as part of an agreement with bankrupt Genesis Global Capital and parent Digital Currency Group, Genesis’ lawyers said in a court hearing on Monday. […]
Bridgewater names first female co-CIO
(Hedgeweek) Bridgewater Associates, the world’s largest hedge fund firm founded by billionaire Ray Dalio, has named Karen Karniol-Tambour as its third co-chief investment officer and the first woman to hold the position at the firm, according to a company statement. […]
Stock futures inch higher as investors await Fed Chair Powell’s speech
(CNBC) Stock futures rose slightly early Tuesday morning as investors braced for the latest commentary due Tuesday from Federal Reserve Chairman Jerome Powell. Futures tied to the S&P 500 added 0.12%, while futures connected to the Dow Jones Industrial Average […]
Crypto exchange Binance will suspend U.S. dollar transfers
(CNBC) Binance, the world’s largest cryptocurrency exchange, will suspend U.S. dollar deposits and withdrawals, the company said Monday, without providing a reason for the decision. “We are temporarily suspending USD bank transfers as of February 8th,” a Binance spokesperson told […]
