Monthly Archives: April 2023
Amazon starts layoffs in HR and cloud units: Read the memos announcing the cuts
(CNBC) Amazon on Wednesday began laying off some employees in its cloud computing and human resources divisions. Amazon Web Services CEO Adam Selipsky and human resources head Beth Galetti sent notes to staffers in the U.S., Canada and Costa Rica […]
SEC Obtains Final Judgment from Former Executive for His Role in $100 Million Accounting Fraud
(HedgeCo.Net) The U.S. District Court for the Southern District of New York has entered final judgment against Jeffrey Hastings for his role in a multi-year accounting fraud engaged in while he was CEO of Houston-based seismic data company SAExploration Holdings, […]
Stock futures rise Tuesday night after Microsoft, Alphabet post earnings beats: Live updates
(CNBC) U.S. stock futures rose Tuesday evening as Big Tech earnings began to roll out, led by Alphabet and Microsoft. Futures tied to the Dow Jones Industrial Average gained 47 points or 0.1%. S&P 500 futures added 0.4%, and Nasdaq […]
Digital assets funds end six-weeks of inflows with $30m outflows
(Hedgeweek) Digital asset investment products saw outflows totalling $30 million last week, bringing to an end a six-week run of inflows, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares. To read this article:
Microsoft reports earnings beat, says A.I. will drive revenue growth
(CNBC) Microsoft shares rose 9% in extended trading on Tuesday after the software maker issued fiscal third-quarter results and quarterly guidance that exceeded analysts’ predictions. Here’s how the company did: Earnings: $2.45 per share, vs. $2.23 per share as expected […]
Citadel makes $27m bet against Deliveroo
(CNBC) Citadel, the hedge fund firm founded by Ken Griffin, is betting against Deliveroo and has opened up a £27 million short wager against the food delivery company, according to a report by The Daily Telegraph. To read this article:
Alphabet authorizes $70 billion buyback
(CNBC) Google parent company Alphabet said on Tuesday that its board of directors authorized $70 billion in share repurchases. If Google ends up spending the entire amount on buybacks, it would represent a continuation of last year’s pace. Alphabet announced […]
CFTC Charges 14 Entities for Fraudulently Claiming to be Registered with the Agency
(HedgeCo.Net) The Commodity Futures Trading Commission has filed charges against 14 entities for fraudulently claiming to be registered with the CFTC as futures commission merchants (FCM) and retail foreign exchange dealers (RFED). The entities, which claim to be based in […]
First Republic says deposits tumbled 40% to $104.5 billion in 1Q, but have stabilized since
(CNBC) Troubled regional bank First Republic said Monday that its deposits fell 40.8% to $104.5 billion in the first quarter, which saw the collapse of two other mid-sized banks and sparked fear from customers about widespread bank failures. The deposit […]
Coinbase sues SEC after months of silence from federal regulator
(CNBC) Crypto exchange Coinbase filed suit against the Securities and Exchange Commission on Monday, asking that the regulator be forced to publicly share its answer to a months-old petition on whether it would allow the crypto industry to be regulated […]
‘Crypto is dead in America,’ says longtime bitcoin bull Chamath Palihapitiya
(CNBC) Tech investor Chamath Palihapitiya, who said two years ago that bitcoin has replaced gold and predicted the digital currency would climb to $200,000, has a much more cautious view on cryptocurrencies these days. “Crypto is dead in America,” Palihapitiya […]
