Monthly Archives: March 2024
Stock futures tick lower after major averages claw back some of this week’s losses: Live updates
(CNBC) Stock futures inched down Thursday after the major averages posted their first winning session in three days. Futures tied to the Dow Jones Industrial Average dipped 37 points, or 0.1%. S&P 500 futures ticked lower by 0.2%, and Nasdaq-100 futures […]
NYCB shares rebound after troubled regional bank announces $1 billion capital raise
(CNBC) Struggling regional lender New York Community Bancorp announced a $1 billion capital raise and a leadership shake-up on Wednesday, headlined by former Treasury Secretary Steven Mnuchin, leading to a sharp rebound for its stock. NYCB has agreed to a […]
Powell reinforces position that the Fed is not ready to start cutting interest rates
(CNBC) Federal Reserve Chair Jerome Powell on Wednesday reiterated that he expects interest rates to start coming down this year, but is not ready yet to say when. In prepared remarks for congressionally mandated appearances on Capitol Hill Wednesday and […]
Meta is building a giant AI model to power its ‘entire video ecosystem,’ exec says
(CNBC) Meta’s hefty investment in artificial intelligence includes development of an AI system designed to power Facebook’s entire video recommendation engine across all its platforms. Meta’s “technology roadmap that goes to 2026” involves developing an AI recommendation model that can […]
Cryptocurrencies recover after bitcoin pulls back from new record
(CNBC) Cryptocurrencies bounced back on Wednesday, recovering much of the losses from the previous day’s sell-off, which came soon after bitcoin hit an all-time high. Bitcoin was last higher by 7.9% at $67,273.54, according to Coin Metrics, while ether soared […]
GraniteShares hits $2.5bn AUM as trading volumes surge
(Hedeweek) A surge in trading volumes has resulted in an increase of $500m in AUM in less than one month at exchange-traded products (ETPs) provider GraniteShares, taking its total AUM to above $2.5bn. To read this article:
Epic Games says Apple retaliated over lawsuits by banning company’s developer account
(CNBC) Apple has rejected Epic Games’ application for a developer account it would use to launch an app store for iPhones in Europe, Epic CEO Tim Sweeney said Wednesday. Sweeney said Apple’s decision was in retaliation over the gaming company’s […]
Nasdaq 100 futures rise after Tuesday’s sell-off, investors await Powell’s testimony: Live updates
(CNBC) Futures linked to the Nasdaq 100 rose Wednesday, following a sharp sell-off for all three major averages. Nasdaq 100 futures climbed about 0.3%. S&P 500 futures added 0.09%, and Dow Jones Industrial Average futures inched lower by 5 points, […]
Hedge funds up long bets on US real estate investment stocks
(Hedgeweek) Hedge funds increased their long wagers on US real estate investment stocks last week for the sixth connective week, backing a rebound in both the country’s commercial and industrial property sectors, according to a report by Reuters. To read […]
Bitcoin rises to record above $69,000, then quickly tumbles 8%
(CNBC) The price of the cryptocurrency topped $69,210 on Tuesday according to Coin Metrics, and then quickly pulled back. The losses deepened in late afternoon trading. It was last trading lower by 8% at $61,973.37. However, with bitcoin on a […]
Fed Chair Powell testifying to House on Wednesday. What investors are expecting?
(CNBC) Federal Reserve Chairman Jerome Powell heads to Capitol Hill on Wednesday with markets intent on getting more clarity about how the central bank plans on proceeding with monetary policy this year. The past several months have seen a changing […]
OpenAI shares Elon Musk emails urging startup to raise $1 billion, see Tesla as a cash cow in its early years
(CNBC) OpenAI on Tuesday publicly responded to a lawsuit brought by co-founder Elon Musk, highlighting apparent hypocrisy on the part of the now-billionaire and early backer of the company. In its response, OpenAI reproduced old emails from Musk in which […]
