Monthly Archives: March 2024

TikTok makes $2.1 million TV ad buy as Senate reviews bill that could ban app

(CNBC) TikTok has launched a $2.1 million advertising campaign with a clear message for senators in tough reelection fights this year: Block the House bill that could effectively ban the app in the United States. “Think about the 5 million […]

Citadel adds X software engineer to team

(Hedgeweek) Linyun Fu, a software engineer at X who survived Elon Musk’s axing of 50% of jobs at the social media platform, has left the company after eight years to take up a new software engineering role at multi-strategy hedge […]

Derivitec launches in the US

(Hedgeweek) Derivitec, an independent software vendor providing risk analytics solutions to hedge funds and family offices, has established an office in New York following a rapid rise in user numbers amongst its US clients. To read this article:

Arista Networks Founder Andy Bechtolsheim Charged with Insider Trading

(HedgeCo.Net) The Securities and Exchange Commission has filed insider trading charges against Andreas “Andy” Bechtolsheim, the founder and Chief Architect of Silicon Valley-based technology company Arista Networks, Inc. To settle the SEC’s charges, Bechtolsheim agreed to pay a civil penalty […]

Stock futures inch higher after S&P 500 notches three-day losing streak: Live updates

(CNBC) Stock futures are up modestly Tuesday night following a losing session on Wall Street that pulled the indexes further from record levels. Futures tied to the Dow Jones Industrial Average added 87 points, or 0.2%. S&P 500 futures and […]

Reddit investors shrug off hold rating, bid up stock another 9% as post-IPO rally continues

(CNBC) Reddit’s first stock rating among analysts was a hold. But the rally continued anyway. The shares climbed 8.8% on Tuesday to close at $65.11. They’re now up 92% since debuting on the stock market last week under ticker symbol […]

Adam Neumann’s bid to buy back WeWork faces uphill battle due to financing challenges

(CNBC) Adam Neumann has sent a preliminary offer to buy WeWork out of bankruptcy for more than $500 million, five years after he was ousted by the office-sharing company he founded. But it’s not clear that he has the financing […]

Digital assets funds flip to record weekly outflows

(Hedgeweek) Digital asset investment products saw record weekly outflows totalling $942m, following a record seven-week run of inflows totalling $12.3bn, according to the latest Digital Asset Fund Flows Weekly Report from CoinShares. To read this article:

Silver to shine as record gold run slows

(Hedgeweek) With the price of gold having hit multiple record highs in recent weeks, hedge fund managers are now beginning to turn their attention to silver as the next potential precious metal momentum play, according to a report by Kitco. […]

LTX by Broadridge integrates with TS Imagine

(Hedgeweek) LTX, an AI-powered fixed income trading platform and subsidiary of global Fintech, Broadridge Financial Solutions, Inc has integrated with TS Imagine’s Fixed Income Execution Management System, TradeSmart Fixed Income (TradeSmart). To read this article:

Stock futures are little changed as market rally takes a breather: Live updates

(CNBC) U.S. stock futures traded near the flatline Monday night, after the major averages took a breather from their rally. Dow Jones Industrial Average futures inched up just 11 points, or 0.03%. Futures tied to both the S&P 500 and […]

Bitcoin jumps 7%, retakes $70,000 to start the week

(CNBC) The price of the flagship cryptocurrency was last higher by 7.8% at $70,995.48, according to Coin Metrics. It briefly rose to $71,239.31 in late afternoon trading as the stock market closed. Ether jumped 7.4% to $3,634.80. Most other cryptocurrencies […]