Monthly Archives: September 2022
Crypto founder behind $60 billion collapse says he is not hiding after Interpol issues arrest notice
(CNBC) Do Kwon, the founder of Terraform Labs, insists he’s not on the run from South Korean authorities after the country’s prosecutors’ office said it had received an international arrest warrant for the cryptocurrency executive. Kwon’s company was behind the […]
Stock futures fall after S&P 500 hits new low for the year; 10-year Treasury yield briefly tops 4%
(CNBC) Stock futures were lower on Wednesday morning after a relief rally failed during regular trading hours and the S&P 500 hit a new intraday low for the year. Futures tied to the Dow Jones Industrial Average lost 173 points, […]
Mary Daly says the Fed does not want to tip U.S. economy into downturn
(CNBC) San Francisco Federal Reserve Bank President Mary Daly said on Tuesday that the U.S. central bank is “resolute” about bringing down high inflation but also wants to do so “as gently as possible” so as not to drive the […]
Celsius CEO resigns in the middle of bankruptcy proceedings
(CNBC) Celsius Network CEO Alex Mashinsky submitted a letter of resignation Tuesday, months after the crypto company filed for Chapter 11 bankruptcy protection. Mashinsky’s resignation is effective immediately, but he said in a release that he will continue to help the […]
Seven-week bull run on bitcoin-short positions ends with outflows of $5m
(CNBC) Digital asset investment products saw inflows totalling $8.3 million last week, a continuation of the tepid investor appetite for digital assets at present, according to the latest Digital Asset Fund Flows Weekly report from CoinShares. To read this article:
SEC Charges Father-Son Duo and Associate in Market Manipulation Schemes Resulting in a New Jersey Deli with a $100 Million Valuation
(HedgeCo.Net) The Securities and Exchange Commission has charged Peter L. Coker Sr., Peter L. Coker Jr., and James T. Patten for their roles in orchestrating fraudulent manipulative securities trading schemes. These schemes included artificially inflating the share price of Hometown International, […]
Trump-linked SPAC changes address to UPS Store as investors pull more than $130 million
(CNBC) Digital World Acquisition Corp., the blank-check company looking to take Trump Media and Technology Group public, has changed its listed address to a UPS Store in Miami. The change from a Miami office building to a UPS address came […]
Stock futures rise after S&P 500, Dow close at lowest levels since 2020
(CNBC) Stock futures were higher on Tuesday morning after the market started the week by continuing its dramatic September decline. S&P 500 futures gained 0.68% and Nasdaq 100 futures rose 0.74%. Those tied to the Dow Jones Industrial Average advanced […]
SS&C GlobeOp Forward Redemption Indicator at 2.67% for September
(CNBC) The SS&C GlobeOp Forward Redemption Indicator for September 2022 measured 2.67%, up from 2.35% in August. To read this article:
Wall Street’s fear gauge hits highest level since June
(CNBC) A measure of fear in stocks just hit the highest level in three months amid mounting worries over rising rates, a possible currency calamity and a recession. The Cboe Volatility Index known as the VIX, jumped nearly 3 points […]
Hedge funds down slightly in August, says Citco
(Hedgeweek) Performance of hedge funds administered by the Citco group of companies (Citco) dipped marginally in August, with an average weighted return of -0.6%, down from 3% in July. To read this article:
Morningview Financial Charged with Acting as Unregistered Securities Dealers
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Morningview Financial, LLC (“Morningview Financial”) and its managing member, Miles M. Riccio of Los Angeles, California, for failing to register as securities dealers with the SEC. Morningview Financial and Riccio […]