Monthly Archives: September 2024
Fed meeting recap: Chair Jerome Powell defends central bank’s decision to go big with first cut
(CNBC) Federal Reserve Chair Jerome Powell does not see the risk of an economic downturn being “elevated” following the super-sized cut. “I don’t see anything in the economy right now that suggests that the likelihood of a recession. “I don’t […]
Ray Dalio says the Fed has a tough balancing act as the economy faces ‘enormous amount of debt’
(CNBC) “The challenge of the Federal Reserve is to keep interest rates high enough that they’re good for the creditor, while keeping them not so high that they’re problematic for the debtor,” the founder of Bridgewater Associates told CNBC on […]
Binance CEO says crypto exchange saw 40% growth this year in institutional, corporate investors
(CNBC) “Allocation into crypto by institutions is just at the tip of the iceberg. It’s just beginning, because a lot of them are still doing their due diligence,” Teng said on the sidelines of the Token2049. He became CEO in November […]
Kuvari to return external capital
(Hedgeweek) Kuvari Partners, the hedge fund founded by Vikram Kumar, is set to return all external capital as the firm transitions into a family office amid mounting pressure on smaller hedge funds from the dominance of multi-strategy hedge fund giants, […]
Intuitive Machines’ stock jumps more than 40% after NASA moon satellite contract
(CNBC) Intuitive Machines’ stock jumped in early trading Wednesday after NASA awarded the lunar-focused company a major contract to build moon data satellites. “This contract marks an inflection point in Intuitive Machines’ leadership in space communications and navigation,” Intuitive Machines […]
11 Institutional Investment Managers Charged with Failure to Report Certain Securities Holdings
(HedgeCo.Net) The Securities and Exchange Commission has filed charges against 11 institutional investment managers for failing to file reports, known as Forms 13F, that they were required to file because they have discretion over more than $100 million in certain […]
Stock futures are little changed as Wall Street anticipates a long-awaited Fed rate cut: Live updates
(CNBC) Stock futures were flat in overnight trading Tuesday as Wall Street anticipated a long-awaited rate cut from the Federal Reserve following an aggressive multiyear hiking campaign aimed at tamping down hot inflation. Futures tied to the Dow Jones Industrial Average added […]
Ray Dalio names the top five forces shaping the global economy
(CNBC) U.S. billionaire Ray Dalio named the top five forces at the front and center of the world’s economy. Speaking in Singapore, the founder of Bridgewater Associates said the five factors are interrelated and often cyclical. Dalio made his remarks Wednesday ahead […]
Bitcoin climbs above $60,000 ahead of Fed rate decision
(CNBC) Bitcoin reclaimed $60,000 on Tuesday as investors awaited details of the Federal Reserve’s rate cutting plans. The price of the flagship cryptocurrency was last higher by 4.3% at $60,394.41, according to Coin Metrics. At one point, it rose as […]
Microsoft, BlackRock form group to raise $100 billion to invest in AI data centers and power
(CNBC) The companies are part of the Global Artificial Intelligence Infrastructure Investment Partnership. The other participants are Global Infrastructure Partners, or GIP, an infrastructure investor that is being acquired by BlackRock, and MGX, a tech investor in the United Arab […]
Hedge funds switch focus to financial sector stocks
(Hedgeweek) Hedge funds have returned to buying financial sector stocks at the fastest pace since June 2023, with a particular focus on banks, insurance, and trading firms, according to a report by Reuters citing a note from the prime brokerage […]
Hedge funds up 0.75% in August, says SS&C GlobeOp
(Hedgeweek) Hedge funds advanced 0.75% in August according to the gross return of the SS&C GlobeOp Hedge Fund Performance, while hedge fund flows, as measured by the SS&C GlobeOp Capital Movement Index, advanced 0.39% for September. To read this article:
