Monthly Archives: September 2023
Meta CEO Mark Zuckerberg looks to digital assistants, smart glasses and AI to help metaverse push
(CNBC) Meta has new artificial intelligence tools and celebrity-endorsed digital assistants that CEO Mark Zuckerberg hopes will help to jump-start the metaverse. Zuckerberg showed off the AI software as well as the company’s new Quest 3 virtual reality headset and […]
Hedge funds boost bearish equities bets and cut stock leverage
(Hedgeweek)With appetite for equities subsiding last week after a 20% rally this year on the back of investor excitement over artificial intelligence, hedge funds are ramping up their bets against stocks, according to a report by Bloomberg. To read this […]
Jamie Dimon: Get Ready For 7% Global Rates As “Sugar Shock” Fades
(Fortune) Wall Street was spooked last week when the Federal Reserve said it would keep interest rates higher for longer than previously anticipated—but according to JPMorgan boss Jamie Dimon, the world is still unprepared for the potential “stress” on the horizon. To read this […]
Costco tops quarterly earnings expectations, even as sales remain soft
(CNBC) Traffic rose 5.2% worldwide and 5% in the U.S. on a year-over-year basis. Costco’s average transaction amount in the quarter dropped nearly 4% worldwide and 4.5% in the U.S., he said. To read this article:
Stock futures are little changed after Tuesday’s sharp losses: Live updates
(CNBC) U.S. stock futures traded near the flatline Tuesday night. Dow Jones Industrial Average futures rose by 34 points, or 0.1%. Futures linked to the S&P 500 inched up 0.1%, while Nasdaq 100 futures added 0.1%. Shares of Costco fell 2.5% […]
FTC and 17 states sue Amazon on antitrust charges
(CNBC) The Federal Trade Commission has filed its long-anticipated antitrust lawsuit against Amazon. In a sweeping complaint filed in federal court in Seattle on Tuesday, the FTC and attorneys general from 17 states accused Amazon of wielding its “monopoly power” […]
Digital asset funds see sixth week of outflows
(Hedgeweek) Digital asset investment products saw outflows for the sixth consecutive week last week with investors pulling $9m in total, according to a the latest Digital Asset Fund Flows Weekly Report from CoinShares. To read this article:
Cash-flow’ podcaster made off with millions in Ponzi scheme, SEC alleges
(Hedgeco.Net) The Securities and Exchange Commission has charged Matthew Motil, host of the podcast, “The Cash Flow King,” for fraudulently raising approximately $11 million from more than 50 investors in a Ponzi scheme involving notes that were purportedly backed by […]
Corzine to shutter hedge fund and return investor cash
(Hedgeweek) Former Goldman Sachs co-chairman, ex-US senator, and governor of New Jersey, Jon Corzine, is to shutter the hedge fund he started after the collapse of MF Global Holdings, and return cash to investors, according to a report by Bloomberg. […]
Stock futures are little changed after S&P 500, Nasdaq end four-day string of losses: Live updates
(CNBC) Stock futures hovered near the flat line Monday evening.Futures tied to the Dow Jones Industrial Average slipped by 25 points, or 0.07%. S&P 500 futures dropped 0.05%, while Nasdaq 100 futureslost 0.06%. Stocks largely whipsawed during regular trading hours, […]
Carousell says it’s ‘on track’ to profitability, plans to reduce losses this year
(CNBC) Secondhand goods marketplace Carousell expects to “healthily” reduce its losses this year, putting it on track to profitability, the firm’s CEO told CNBC. In 2022, the Singapore-based company posted $82.5 million in revenue, a 67% jump from the year before, […]
10-year Treasury yield rises to start the week, reaches highest level since 2007
(CNBC) U.S. Treasury yields were higher Monday as investors considered what could be next for interest rates and awaited fresh economic data due this week. The yield on the 10-year Treasury rose by more than 10 basis points at 4.542%, […]
