Monthly Archives: May 2023
Stock futures are down slightly as investors prepare for Fed meeting: Live updates
(CNBC) Stock futures are modestly lower Monday night as investors prepared for the Federal Reserve’s May policy meeting to kick off. Futures tied to the Dow Jones Industrial Average slipped 44 points, or 0.1%. S&P 500 futures and Nasdaq-100 futures […]
The U.S. could hit the debt ceiling by June 1, much sooner than expected, Yellen warns
(CNBC) Treasury Secretary Janet Yellen on Monday warned that the United States may run out of measures to pay its debt obligations by June 1, earlier than the government and Wall Street had been expecting. In a letter to House Speaker Kevin McCarthy, […]
Facebook was the main donor to a group that fought antitrust reforms in 2020 and 2021
(CNBC) An advocacy group backed by Facebook received a $34 million donation from an anonymous donor as it waged a battle against antitrust legislation that would have more tightly regulated the tech industry. A person who works with the group, […]
More trouble ahead for emerging markets, says Man Group
(Hedgeweek) Having correctly predicted in February that the rally in emerging markets between October and February would soon reverse, Man Group, the world’s largest listed hedge fund, says risky assets will see even bigger losses later this year, according to […]
Court Orders Former Head of International Binary Options Scheme to Pay More than $561,000 in Restitution
(HedgeCo.Net) The Commodity Futures Trading Commission has announced the U.S. District Court for the Northern District of Ohio entered a consent order on April 27 for a permanent injunction, restitution, and equitable relief against Jared J. Davis, a former resident […]
Charlie Munger reportedly warns of trouble for the U.S. commercial property market
(CNBC) Charlie Munger believes there is trouble ahead for the U.S. commercial property market. The 99-year-old investor told the Financial Times that U.S. banks are packed with “bad loans” that will be vulnerable as “bad times come” and property prices […]
Stock futures are flat after Dow notches best month since January
(CNBC) U.S. stock futures were flat in overnight trading Sunday after the major averages logged gains for April, and the Dow Jones Industrial Average notched its best month since January. Futures tied to the Dow dipped 30 points, while S&P […]
Big banks including JPMorgan Chase, Bank of America asked for final bids on First Republic
(CNBC) U.S. regulators have asked banks for their best and final takeover offers for First Republic in a move that authorities hope will calm markets and cap a period of uncertainty for regional lenders. JPMorgan Chase and PNC are likely […]
Dubai to be global hedge fund hub as 60 firms eye DIFC move
(Hedgeweek) Dubai is on the way to becoming a global hedge fun hub with more than 60 firms said to be currently in discussions to establish a presence in the city’s Dubai International Finance Centre, according to a new report […]
Jack Dorsey criticizes Elon Musk’s leadership at Twitter: ‘It all went south’
(CNBC) Twitter’s former CEO Jack Dorsey has openly criticized Elon Musk’s leadership of the company in a series of social media posts writing that “it all went south” and Musk “should have walked away” from the acquisition. Users of Bluesky, a […]
Point72 offering $300k salary to lure quant teacher
(Hedgeweek) Steve Cohen’s Point72 has demonstrated the value it places on nurturing the next generation of quant analysts, by offering a bumper $300k salary for a teacher to educate its up and coming graduate trainees, according to a report by […]
Investment Adviser and Its Principals Charged with Fraud
(HedgeCo.Net) The Securities and Exchange Commission has filed charges against Rancho Santa Fe, California investment adviser Cornerstone Acquisition & Management Company LLC (“Cornerstone”), its chief executive officer, portfolio manager, and chief compliance officer, Derren Lee Geiger, and its chief financial […]