Monthly Archives: November 2023
Why bitcoin ATMs are taking over malls and gas stations across the U.S.
(CNBC) A different kind of ATM is setting up shop in your local convenience store. These machines look like traditional banking kiosks, but they allow customers to buy bitcoin in cash. Bitcoin ATMs, or BTMs, exploded in popularity between 2020 […]
Microsoft closes at all-time high on fresh OpenAI-related optimism
(CNBC) Microsoft ended Tuesday’s trading session at a record high of $360.53, following fresh optimism about growth from a key partner in artificial intelligence. The 1.12% daily increase gives the software maker a market value of about $2.68 trillion. To […]
Stock futures inch lower after S&P 500 registers longest winning streak since 2021: Live updates
(CNBC) U.S. stock futures inched lower on Wednesday after the S&P 500 and Nasdaq Composite notched their longest winning streaks in about two years. Futures tied to the S&P 500 slipped 0.07%, and Nasdaq 100 futures inched lower by 0.10%. […]
Digital assets funds see sixth consecutive week of inflows
(Hedgeweek) Digital asset investment products saw inflows totalling $261m, representing the sixth week of consecutive inflows that now total $767m, surpassing the total inflows of $736m seen in 2022, according to the latest Digital Assets Fund Flows Weekly report from […]
US equities slide hits hedge funds in October
(Hedgeweek) Having spent much of the previous month adjusting to the US Federal Reserve’s apparent acceptance that interest rates would stay ‘higher for longer’, and the subsequent spike in market volatility, hedge fund managers were faced with another switch in […]
Man Group sticks by bearish emerging markets stance
(Hedgeweek) Man Group, the world’s biggest publicly listed hedge fund, is sticking by the contrarian bearish stance it adopted during an emerging-market rally earlier this year, when it predicted a yet-to-materialise “violent” sell-off, according to a report by Bloomberg. To […]
Hedge funds increasingly adopt a more defensive strategy
(Opalesque) Data from hedge fund research firm PivotalPath showed that hedge funds are increasingly adopting a more defensive strategy as concerns about the macroeconomic environment have made making directional bets on the stock market harder, PivotalPath said. U.S. equity long/short […]
Alt investment bodies fire first salvo in legal battle over SEC ‘power grab’
(Hedgeweek) Hedge funds and private equity firms have fired the first salvo in their legal battle with the US Securities and Exchange Commission (SEC) over what they see as a power grab by the commission over the adoption of new […]
UBS posts bigger-than-expected quarterly loss as Credit Suisse integration costs pile up
(CNBC) UBS on Tuesday reported a bigger-than-expected third-quarter net loss of $785 million as it works to integrate fallen rival Credit Suisse. Analysts polled by Reuters had anticipated the Swiss banking giant would record quarterly net loss of $444 million […]
WeWork, once valued at $47 billion, files for bankruptcy
(CNBC) The bankruptcy filing is limited to WeWork’s locations in the U.S. and Canada. The company reported liabilities ranging from $10 billion to $50 billion. “I am deeply grateful for the support of our financial stakeholders as we work together […]
Stock futures slip after Nasdaq registers 7-day win streak: Live updates
(CNBC) Stock futures were lower on early Tuesday as investors assess whether a rally on Wall Street can continue. Futures tied to the Dow Jones Industrial Average dropped 61 points, or about 0.26%. S&P 500 futures and Nasdaq 100 futures […]
Hedge funds up US stock buying at fastest pace seen in two years
(Hedgeweek) Hopes that the US Federal Reserve’s recent pause in interest rate rises might become a more permanent fixture, prompted hedge funds to buy US stocks at the fast pace seen in two years last week, according to a report […]