Monthly Archives: September 2023
Ripple says it will fight the SEC lawsuit ‘all the way through’
(CNBC)U.S.-based cryptocurrency company Ripple says it’s planning to fight the ongoing lawsuit with the U.S. Securities and Exchange Commission “all the way through. The lawsuit between Ripple and the SEC has stretched for nearly three years. In 2020, the SEC accused […]
Bitcoin, helped by a possible short squeeze, rebounds from Monday’s FTX-suspected slide
(CNBC) The price of bitcoin bounced Tuesday, reversing losses from the previous day that were driven by fears around FTX liquidations. Bitcoin was last higher by 4.5% at $26,185.72, according to Coin Metrics. On Monday, bitcoin dipped below the key […]
Hedge funds cut dollar shorts to lowest level in three months
(Hedgeweek) Hedge funds are on course to be outright bullish on the dollar by the end of the month having already cut their short positions on the greenback to the lowest level seen in three months, according to a report […]
Nine Investment Advisers Facing Charges for Marketing Rule Violations
(HedgeCo.Net) The Securities and Exchange Commission has filed charges against nine registered investment advisers for advertising hypothetical performance to the general public on their websites without adopting and/or implementing policies and procedures required by the Marketing Rule. All nine firms […]
Stock futures inch lower following winning day for Wall Street: Live updates
(CNBC) Stock futures ticked down Monday night as investors come off a positive day. Futures tied to the Dow Jones Industrial Average lost 30 points, dropping nearly 0.1%. S&P 500 and Nasdaq 100 futures both inched down 0.1%. Oracle slid […]
August decline pushes Haidar macro fund losses to 48%
(Hedgeweek)A further 15.7% decline in August has left Said Haidar’s Jupiter macro hedge fund nursing a 48% loss for the year so far, and extended the fund’s worst ever period of trading since it debuted over 20 years ago, according […]
Jamie Dimon says it’s a ‘huge mistake’ to think economy will boom with so many risks out there
(CNBC) JPMorgan Chase CEO Jamie Dimon says the U.S. economy is doing well, but it would be a “huge mistake” to believe that it will last for years. Healthy consumer balance sheets and rising wages are supporting the economy for […]
Bitcoin briefly dips under $25,000 ahead of fresh inflation data this week
(CNBC) The cryptocurrency market fell to start the week as traders turned their focus to new inflation data and digested the latest in the SEC’s legal battle with Ripple. Bitcoin fell more than 2.8% to trade at $25,004.45, according to […]
Steve Forbes says the Fed’s not going to cut rates soon
(CNBC) Steve Forbes doesn’t expect the Federal Reserve to raise rates in upcoming meetings, but the Forbes Media chairman doesn’t see cuts in the near term either. “I think the Federal Reserve is not going to increase interest rates in […]
Schonfeld, Balyasny, ExodusPoint lag rivals as multi-strats struggle
(Hedgeweek) After several years as the top choice for many hedge fund investors, multi-strategy, multi-manager firms including Schonfeld Strategic Advisors, Balyasny Asset Management, and ExodusPoint Capital Management, are trailing the returns of other types of fund, according to a report […]
SEC Charges Privately Held Monolith Resources for Using Separation Agreements that Violated Whistleblower Protection Rules
(HedgeCo.Net) The Securities and Exchange Commission has settled charges against Monolith Resources LLC, a privately held energy and technology company headquartered in Lincoln, Nebraska, for using employee separation agreements that violated the SEC’s whistleblower protection rules. According to the SEC’s […]
Stock futures are little changed ahead of key inflation data: Live updates
(CNBC) Stock futures were little changed Sunday night as investors awaited a batch of economic data in the week ahead and earnings from two major tech companies. Futures tied to the Dow Jones Industrial Average ticked lower by 2 points, […]