Monthly Archives: March 2024
OpenAI says Musk’s claims ‘stem from Elon’s regrets’ that he’s not part of company
(CNBC) OpenAI executives believe claims in a new lawsuit stem from Elon’s regrets about not being involved with the company today. “It is deeply disappointing to see Elon take this action against a company he helped start, especially given his […]
Telcos are barely done rolling out 5G networks — and they’re already talking about ‘5.5G’
(CNBC) 5G Advanced, or the name for the next stage of 5G, is the next evolution of mobile networks. Telecommunications networks require standards. These are globally accepted technical rules that define how a technology works and its interoperability around the […]
Stock futures are flat after the market wraps its 4th winning month in a row: Live updates
(CNBC) Stock futures were little changed in overnight trading Thursday after the market wrapped up its fourth winning month and the tech-heavy Nasdaq Composite reached its first closing record since November 2021. Futures on the Dow Jones Industrial Average dipped 19 […]
Forward Redemption Indicator up 2.41% for February, says SS&C GlobeOp
(Hedgeweek) The SS&C GlobeOp Forward Redemption Indicator, which represents the sum of forward redemption notices received from investors in hedge funds administered on the SS&C GlobeOp platform, rose to 2.41% for February, up from 2.03% in January. To read this […]
Shares of NYCB fall more than 20% after bank discloses ‘internal controls’ issue
(CNBC) The bank has announced an amendment to its fourth-quarter results, adding a disclosure about its internal risk management. “As part of management’s assessment of the Company’s internal controls, management identified material weaknesses in the Company’s internal controls related to […]
Key Fed inflation measure rose 0.4% in January as expected, up 2.8% from a year ago
(CNBC) Inflation rose in line with expectations in January, according to an important gauge the Federal Reserve uses as it deliberates cutting interest rates. The personal consumption expenditures price index excluding food and energy costs increased 0.4% for the month […]
60% of illegal crypto activity tied to sanctioned groups or terrorist organizations, report finds
(CNBC) The American blockchain analysis firm’s “2024 Crypto Crime Report” found that $24.2 billion of illicit cryptocurrency was transferred in 2023, based on already identified illicit crypto wallets. Chainalysis retroactively updates its yearly crypto figures when new illicit wallets come […]
Global macro hedge fund firm Kirkoswald eyes EMSO acquisition
(CNBC) Kirkoswald Asset Management, the global macro hedge fund firm founded by former GLG Partners and Moore Capital Management Trader Greg Coffey, is closing in on a deal to acquire emerging markets manager Emso Asset Management, according to a report […]
Hedge Fund Trader and Broker-Dealer Charged in Multi-Million Dollar SPAC Insider Trading Scheme
(HedgeCo.Net) The Securities and Exchange Commission has filed insider trading charges against Sean Wygovsky, a former trader at a Canadian asset management firm, and Christopher Matthaei, a former partner at a U.S. broker-dealer, for using nonpublic information in advance of […]
Stock futures are flat Thursday evening: Live updates
(CNBC) U.S. stock futures were flat on Thursday night. Dow Jones Industrial Average futures added 14 points, or 0.04%. S&P 500 futures rose 0.09%, while Nasdaq 100 futures gained 0.05%. To read this article:
Sam Bankman-Fried pleads not guilty to latest round of federal fraud, bribery charges
(CNBC) Sam Bankman-Fried pleaded not guilty in New York federal court Thursday to five additional charges related to the collapse of his former crypto exchange FTX and hedge fund Alameda Research. Bankman-Fried’s attorney, Mark Cohen, said he plans to file […]
Citadel’s Tokyo office to reopen this year
(Hedgeweek) Citadel, the hedge fund firm founded by Ken Griffin, is to make a ‘comeback’ in Japan with plans to reopen its Tokyo office later this year, almost 15 years after closing operations there during the global financial crisis, according […]