Monthly Archives: November 2023
Consumer spending fell in October, according to new CNBC/NRF Retail Monitor tracking card transactions
(CNBC) The consumer took a spending break ahead of the holiday season, with October retail sales, excluding autos and gas, falling by 0.08%, and core retail, which also removes restaurants, declining by 0.03%. To read this article:
Hedge funds up shorting of US financial stocks to near record levels.
(Hedgeweek) Global hedge funds topped their bearish positions in US financial stocks to the highest level seen in nearly five years last week, according to a report by Reuters citing data from Goldman Sachs prime brokerage division. To read this […]
Spot bitcoin ETF approval by the SEC is approaching… What that means for investors
(CNBC) Last week, the price of bitcoin notched an 18-month high, climbing to $37,970, after BlackRock took first steps toward an ether ETF. The price of bitcoin has more than doubled since the start of 2023, but it’s still well […]
An Inside Look at ESG and DEI Trends for 2024 from Leading Limited & General Partners.”
(Opalesque) To understand private investors’ values, plans, and priorities related to Environmental, Social, Governance (ESG) and Diversity, Equity, Inclusion (DEI), alternative investments FinTech Dynamo Software surveyed 100 global Limited Partners (LPs) and General Partners (GPs). In total, 22 key findings […]
CEOs of Tech Start-Up Bitwise Charged for Falsifying Documents While Raising $70 Million
(Hedgeco.Net) The Securities and Exchange Commission has announced charges against Jake Soberal and Irma Olguin, Jr., the former co-CEOs of Fresno, California-based private technology services startup Bitwise Industries Inc., for misleading investors about the company’s finances. Soberal and Olguin have […]
Ripple CEO says SEC has lost sight of mission to protect investors
(CNBC) “I think the SEC, in my opinion, has lost sight of their mission to protect investors. And the question is, who are they protecting in this journey?” Garlinghouse said Thursday. The SEC was not immediately available for comment when […]
Stock futures are little changed after Moody’s downgrades U.S. outlook: Live updates
(CNBC) U.S. stock futures inched down Sunday night after Moody’s Investors Service lowered its U.S. credit rating outlook to negative from stable. Dow Jones Industrial Average futures dipped 54 points, or 0.1%. Futures tied to the S&P 500 and Nasdaq-100 […]
Moody’s cuts U.S. outlook to negative, citing deficits and political polarization
(CNBC) The ratings agency has affirmed the long-term issuer and senior unsecured ratings of the U.S. at Aaa. “In the context of higher interest rates, without effective fiscal policy measures to reduce government spending or increase revenues,” the agency said. […]
Sculptor fund sees $667m in client withdrawals
(Hedgeweek) Investors pulled $667m from Sculptor Capital Management’s main hedge fund during the third quarter of the year marking the sixth consecutive quarter of net redemptions for the fund, according to a report by Bloomberg. To read this article:
Elliott targeting $7bn in new cash for distressed debt investments
(Hedgeweek) Elliott Investment Management the US-based activist hedge fund firm founded by Paul Singer, is looking to raise up too $7bn in new cash from investors to take advantage of stressed and distressed trading opportunities, according to a report by […]
China’s ICBC, the world’s biggest bank, hit by cyberattack that reportedly disrupted Treasury markets
(CNBC) Industrial and Commercial Bank of China, the world’s largest lender by assets, said Thursday that its financial services arm, called ICBC Financial Services, experienced a ransomware attack “that resulted in disruption to certain” systems. Immediately after discovering the hack, […]
$2.8tn pours into leading AI companies’ market cap in 2023
(Opalesque) Artificial intelligence (AI) is emerging as the epicenter of the global technological landscape, showcasing a formidable fusion of cutting-edge innovation and boundless potential. Numerous technology companies are already leaping onto the AI space, a trend partly driven by increased […]