Monthly Archives: April 2024
Apple valuation draws hedge fund attention
(Hedgeweek) A slump in Apple’s share price, coupled with the potential for AI upgrades to its iPhones, has led to the company attracting the attention of increasing numbers of hedge funds, according to a report by Bloomberg citing analysts at […]
Bitcoin and other cryptocurrencies tumble amid Middle East tensions
(CNBC) The cryptocurrency market suffered heavy selling overnight Saturday amid an unprecedented Iranian drone and missile attack on Israel. Bitcoin was down some 8% late on Saturday evening as U.S. officials confirmed the attack was taking place. Digital coins were […]
Surging inflation fears sent markets tumbling and Fed officials scrambling
(CNBC) The early data is in for the path of inflation during the first three months of 2024, and the news so far is, well, not good. Pick your poison. Whether it’s prices at the register or wholesale input costs, […]
Interactive Brokers launches high touch PB service and global outsourced trading
(Hedgeweek) Global electronic brokerage firm Interactive Brokers has added to its offering for hedge funds with the launch of a high touch prime brokerage and global outsourced trading services to complement the firm’s existing automated trading platform. To read this […]
Stock futures are little changed as Wall Street awaits bank earnings: Live updates
(CNBC) Stock futures flickered near the flatline on Thursday night as traders looked ahead to the release of corporate earnings from major U.S. banks. Dow Jones Industrial Average futures rose by 18 points, or 0.05%. S&P 500 futures and Nasdaq […]
Brevan Howard’s crypto fund up 35% in Q1
(Hedgeweek) Brevan Howard Asset Management’s cryptocurrency fund, BH Digital, which manages around $1.7bn in assets, returned 34.5% in the first three months of the year, bringing total gains since it debuted in March 2022 to nearly 51%, according to a […]
FTX founder Sam Bankman-Fried appeals fraud conviction, 25-year prison sentence
(CNBC) A lawyer for FTX founder Sam Bankman-Fried on Thursday filed a notice of appeal of his federal fraud and conspiracy conviction and his 25-year prison sentence. Bankman-Fried’s appeal came two weeks after he was sentenced in U.S. District Court […]
JPMorgan Chase is set to report first-quarter earnings — here’s what the Street expects
(CNBC) JPMorgan will be watched closely for clues on how banks fared at the start of the year. While the biggest U.S. bank by assets has navigated the rate environment well since the Federal Reserve began raising rates two years […]
The upcoming bitcoin halving is different from others before it. Here’s what investors need to know
(CNBC) Just a few years ago, the bitcoin halving was something celebrated by only the earliest cryptocurrency lovers, who swore by it as a core feature of a revolutionary, anti-establishment deflationary asset. Now, bitcoin has been embraced by the biggest […]
Apple shares just had their best day since last May
(CNBC) Apple shares climbed 4.3% on Thursday to a share price of $175.04. It is Apple’s best day since May 5, 2023. Apple’s rise came during a strong day for technology stocks, especially those in artificial intelligence, as the Nasdaq […]
DE Shaw’s Valence fund off to strong start in 2024
(Hedgeweek) Quant hedge fund firm DE Shaw’s statistical arbitrage Valence fund has started the year strongly with a 9% Q1 gain, beating the average 5% hedge fund gain for the first three months of the year, but falling shy of […]
Stock futures slip on Wednesday evening as traders brace for another inflation report: Live updates
(CNBC) Stock futures dipped as Wall Street looked ahead to a second key inflation report. Futures tied to the Dow Jones Industrial Average slid 90 points, or about 0.2%, while S&P 500 futures also lost 0.2%. Nasdaq-100 futures fell 0.2%. […]
