Monthly Archives: September 2021
The Fed will try to soothe markets Wednesday, while preparing investors for end to bond buying
(CNBC) After Monday’s market turbulence, the Federal Reserve’s challenge will be to sound reassuring while acknowledging it’s preparing to make its first major step away from the easy policies it put in place to fight the pandemic. The Fed will […]
House passes bill to avoid government shutdown, suspend debt limit — but it faces Senate roadblocks with deadlines near
(CNBC) The House passed a bill Tuesday that would both prevent a government shutdown and suspend the debt limit in a step toward preventing possible economic calamity. The chamber approved the plan in a 220-211 vote. All Democrats voted for […]
DraftKings makes $20 billion offer for UK sports betting company Entain
(CNBC) DraftKings is making a $20 billion offer to acquire U.K. online sports betting company Entain, people familiar with the matter told CNBC’s David Faber on Tuesday. The offer is largely in DraftKings stock, along with cash, according to the […]
U.S. committee is reviewing Zoom’s $14.7 billion deal for Five9 on national-security grounds
(CNBC) A U.S. government committee is reviewing Zoom’s agreement to acquire cloud contact center software company Five9 for $14.7 billion on national-security grounds. According to a letter dated Aug. 27, the Federal Communications Commission was asked to refer the case […]
SEC Charges Crowdfunding Portal, Issuer, and Related Individuals for Fraudulent Offerings
HedgeCo.Net) The Securities and Exchange Commission has charged three individuals and one issuer with conducting a fraudulent scheme to sell nearly $2 million of unregistered securities through two crowdfunding offerings. The SEC also charged the registered funding portal and its […]
Cryptocurrencies post 5th straight week of inflows -CoinShares
(Reuters) Crypto inflows amounted to $41.6 million for the week ended Sept. 17, with bitcoin getting the bulk of inflows at $15.3 million, and ether products garnering $6.6 million. The data showed that inflows were seen across the board. Digital […]
Chicago CTA launches bitcoin managed futures program
(Opalesque) After investing in the digital asset space for nearly four years, Synchronicity Futures, LLC is launching a managed futures product, the Synchronicity Bitcoin Managed Futures/Options Program for Qualified Eligible Participants (QEPs). The Program is a discretionary and long-biased, intermediate-term […]
Dallas-based investment advisor sees increasing HNW interest in credit strategies
(Hedgeweek) High-net-worth clients from in and around the Southern United States are continuing to favour allocations to an array of niche credit strategies, according to a Dallas-based investment advisor. To read this article:
Allen Stanford’s Ponzi scheme recovery tops $1 billion
(Reuters) A court-appointed receiver has recouped more than $1 billion for victims of Texas financier Allen Stanford’s Ponzi scheme, the largest by dollar amount other than Bernard Madoff’s fraud, the receiver’s lawyers said on Monday. To read this article:
Stock futures rise following the S&P 500?s worst day since May; Fed meeting ahead
(CNBC) U.S. stock futures were higher in early morning trading on Tuesday following a major sell-off on Wall Street that resulted in the S&P 500?s worst day since May. Dow Jones futures jumped 242 points. S&P 500 futures and Nasdaq […]
House Democrats’ plan would prohibit individual retirement accounts from holding private equity, hedge funds
(CNBC) A tax package unveiled by House Democrats would forbid individual retirement accounts from holding certain private investments typically reserved for the wealthy. While proponents think the proposal would raise investor protection and reduce the use of an IRA as […]
The global economy could feel the effects of China’s Evergrande crisis. Here’s what investors should know
(CNBC) A liquidity crisis at a large Chinese property developer has shaken global markets, and strategists say it could send ripples across the global economy. But they also say the issue will likely be contained by the Chinese government before […]