Monthly Archives: May 2023
Stock futures slip on Sunday night after S&P 500 and Dow post two straight weekly losses: Live updates
(CNBC) U.S. stock futures fell slightly on Sunday night following back-to-back weekly losses for the Dow Jones Industrial Average and S&P 500. Dow futures fell by 70 points, or about 0.2%. S&P 500 futures and Nasdaq 100 futures dipped 0.21% […]
Increased shorts against US Treasury futures down to hedge funds
(Hedgeweek) A growing short position on US Treasury futures is directly attributable to hedge fund placing bets on the spread between the futures and their underlying assets, according to a report by Bloomberg citing data from the Commodity Futures Trading […]
Crypto companies are playing poker with the SEC as agency cracks down on the industry
(CNBC) Cryptocurrency companies are playing a game of poker with the Securities and Exchange Commission, making bold threats to leave the U.S. as the regulator steps up pressure on the industry to toe the line. Major players are hoping that […]
Judge warns JPMorgan Chase of contempt finding for slow-walking evidence in Jeffrey Epstein case
(CNBC) A New York federal judge warned JPMorgan Chase that he might find the bank in contempt of court if it does not speed up in producing evidence related to late sexual offender and money manager Jeffrey Epstein for lawsuits […]
FourSixThree and Diameter bet on Credit Suisse CDS payout
Hedgeweek) Hedge funds including FourSixThree Capital and Diameter Capital have been buying swaps insuring Credit Suisse’s subordinated bonds believing that the controversial decision to write down the bank’s AT1 securities as part of its takeover by rival UBS could trigger […]
HSBC and Scotia Capital Hit with $22 Million in Combined Penalties for Widespread Recordkeeping Failures
(HedgeCo.Net) The Securities and Exchange Commission has charged HSBC Securities (USA) Inc. and Scotia Capital (USA) Inc. for widespread and longstanding failures by both firms and their employees to maintain and preserve electronic communications. To settle the charges, HSBC and […]
Jamie Dimon warns panic will overtake markets as U.S. approaches debt default
(CNBC) JPMorgan Chase CEO Jamie Dimon says that markets will be gripped by panic as the U.S. approaches a possible default on its sovereign debt. An actual default would be “potentially catastrophic” for the country, Dimon told Bloomberg in a […]
US default risk worse than 2011, says veteran hedge fund manager
(Hedgeweek) Veteran hedge fund manager Sushil Wadhwani has warned that a deeply divided US Congress may push the country to the brink of a default and credit downgrade before it resolves its current standoff over the debt ceiling, according to […]
Stock futures are little changed on Thursday night: Live updates
(CNBC) U.S. stock futures were little changed on Thursday night. Dow Jones Industrial Average futures rose 26 points, or 0.08%. S&P 500 and Nasdaq 100 futures climbed 0.12% and 0.12%, respectively. Elon Musk said Thursday that he’s stepping down as […]
Alphabet trading at highest since August as Wall Street cheers Google’s A.I. plans
(CNBC) Shares of Alphabet are trading at their highest level since August on the heels of Google’s artificial intelligence announcements at its developer conference Wednesday. The stock was rose 4.3% Thursday, closing at $116.57. To read this article:
PacWest shares tumble 20% after regional bank says deposits fell 9.5% last week
(CNBC) Shares of PacWest were under pressure once again Thursday after the struggling regional bank said that deposit outflows resumed in the first week of May. The stock dropped 22.7%, further extending its recent declines. PacWest’s shares have now fallen […]
Man Group names next CEO as Ellis announces retirement
(Hedgeweek) Man Group CEO Luke Ellis has announced his intention to retire with Robyn Grew, currently president of the group and a member of the company’s Senior Executive Committee, set to succeed him. Based in the US, Grew has spent the […]