Monthly Archives: September 2023
China’s retail sales surprise with faster growth, up 4.6% in August
(CNBC) China’s retail sales and industrial production picked up pace in August with better-than-expected growth, according to National Bureau of Statistics data released Friday. Retail sales grew by 4.6% in August from a year ago, beating expectations for 3% growth […]
Hedge funds bet on tough times ahead for US consumers
(Hedgeweek) Hedge funds have upped their short positions in US consumer discretionary stocks while taking long positions in consumer staples suggesting they see tough times ahead for US consumers, according to a report by MarketWatch. To read this article:
Minnesota Based Company and Founder Charged in Alleged Fraudulent Securities Offering
(HedgeCo.Net) The Securities and Exchange Commission has filed a complaint in federal court in Minnesota alleging that Robyn A. Bowman and her company Phoenix Asset Group, LLC perpetrated a fraudulent offering. The SEC’s complaint alleges that Bowman and Phoenix raised […]
Stock futures are little changed as Wall Street eyes another inflation report: Live updates
(CNBC) Stock futures oscillated near the flat line Wednesday as traders prepared for the August producer price index, a measure of wholesale inflation. Futures tied to the Dow Jones Industrial Average added 11 points or 0.03%. S&P 500 futures ticked […]
UAW barrels toward ‘likely’ strikes against auto companies. Here are the latest details
(CNBC) The United Auto Workers and Detroit automakers remain far apart ahead of the union “likely” strategically striking the companies after an 11:59 p.m. ET Thursday deadline, UAW President Shawn Fain said Wednesday night. The outspoken union leader laid out […]
Arm prices IPO at $51 per share, valuing company at over $54 billion
(CNBC) Arm, the chip design firm that supplies core technology to companies including Apple and Nvidia, priced its initial public offering at $51 a share. Arm’s fully diluted market cap, which includes outstanding restricted stock units, is over $54 billion […]
Google is cutting hundreds of jobs in its recruiting organization
(CNBC) Google is cutting hundreds of jobs in its global recruiting organization as part of a broader pullback in hiring over the next several quarters, CNBC has confirmed. “It’s not something that was an easy decision to make, and it […]
Tesla tops list of most shorted stocks again in August
(Hedgeweek) Elon Musk’s electric vehicle manufacturer Tesla has emerged as the most shorted large-cap US stock for the third consecutive month in August after topping the rankings in securities lending data specialist Hazeltree’s latest Shortside Crowdedness Report. To read this […]
Alternative Investment Platform YieldStreet Charged for Misleading Investors
(HedgeCo.Net) The Securities and Exchange Commission has announced a settled action against New York-based YieldStreet Inc. and its registered investment adviser subsidiary, YieldStreet Management LLC (together, YieldStreet), for failing to disclose critical information to investors in a $14.5 million asset-backed […]
Investors pull another $59m from digital assets funds
(Hedgeweek) Digital asset investment products saw outflows totalling $59m last week, taking the current run of outflows to a total of $294m, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares. To read this article:
Stock futures are little changed as Wall Street awaits key consumer inflation data: Live updates
(CNBC) U.S. stock futures were little changed Tuesday night as investors looked toward the release of the consumer price index for more insights on inflation. Futures tied to the Dow Jones Industrial Average inched lower by 6 points, or 0.02%. […]
Co-founder of $4 billion crypto fraud scheme gets 20 years in prison, ‘Cryptoqueen’ partner remains at large
(CNBC) The co-founder of the fraudulent OneCoin cryptocurrency, a massive pyramid scheme that amassed more than $4 billion from millions of investors worldwide, was sentenced Tuesday to 20 years in prison. Karl Greenwood, 46, who orchestrated the multibillion-dollar multilevel marketing […]