Monthly Archives: November 2023
Nasdaq 100 futures slip after Apple reports earnings: Live updates
(CNBC) Nasdaq 100 futures slipped Thursday night after Apple issued its latest quarterly results. Futures linked to the tech-heavy index slid 0.3%, while S&P 500 futures dropped 0.1%. Futures tied to the Dow Jones Industrial Average pulled back 19 points, […]
Elon Musk says AI will eventually create a situation where ‘no job is needed’
(CNBC) The billionaire technology leader, who owns Tesla, SpaceX, X, the company formerly known as Twitter, and the newly formed AI startup xAI, said late Thursday that AI will have the potential to become the “most disruptive force in history.” […]
UAW-Stellantis deal includes $18.9 billion in investments, new truck for idled plant
(CNBC) Details of the tentative agreement were released Thursday night after local UAW leaders approved the pact, which UAW President Shawn Fain called the “most lucrative contract our union has won in decades.” The tentative labor agreement was reached Saturday […]
Crypto Company and its Executive Team Charged with Fraud and Unregistered Offering of Crypto Securities
(HedgeCo.Net) The Securities and Exchange Commission has charged SafeMoon LLC, its creator Kyle Nagy, SafeMoon US LLC, and the companies’ Chief Executive Officer, John Karony, and Chief Technology Officer, Thomas Smith, for perpetrating a massive fraudulent scheme through the unregistered […]
Odey Asset Management to Close
(Hedgeweek) Odey Asset Management, the hedge fund business founded by Crispin Odey who was ousted in June following multiple allegations of sexual assault and harassment, which he denies, is to close completely, according to a statement on the firm’s website. […]
Liquid alts and non-traditional strategies assets surpass $400bn mark in Q3
(Hedgeweek) Total net assets for liquid alternatives and non-traditional strategies rose to over $400bn during the third quarter of 2023, according to Morningstar’s latest Liquid Alternatives Observer, with all uncorrelated liquid alternative categories posting positive returns. To read this article:
Sam Bankman-Fried lawyer says government portrayed FTX founder as a ‘monster’
(CNBC) As lawyers in Sam Bankman-Fried’s criminal trial presented their closing arguments on Wednesday, prosecutors reminded jurors of the mountain of evidence provided by key witnesses, while defense counsel accused the government of portraying the FTX founder as a “monster. […]
S&P 500 futures tick higher as attention turns from Fed to latest earnings reports:
(CNBC) S&P 500 futures inched higher Thursday morning as investors shifted focus from the Federal Reserve’s policy decision to the latest batch of corporate earnings reports. S&P 500 futures and Nasdaq 100 futures each rose around 0.2%. Futures tied to […]
Fed holds rates steady, upgrades assessment of economic growth
(CNBC) The Federal Reserve on Wednesday again held benchmark interest rates steady amid a backdrop of a growing economy and labor market and inflation that is still well above the central bank’s target. In a widely expected move, the Fed’s […]
Qualcomm gives strong forecast, signaling chip slump recovery
(CNBC)Qualcomm reported fiscal fourth-quarter earnings on Wednesday that beat expectations for sales and earnings, despite big year-over-year declines, and gave a strong forecast for the current quarter. Qualcomm stock rose over 3% in extended trading. To read this article:
Four Long Island Men Charged with Perpetrating $2 Million “Free-Riding” Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced fraud charges against Eduardo Hernandez, Christopher Flagg, Daquan Lloyd, and Corey Ortiz, all currently or formerly of Long Island, New York, for perpetrating a multi-year “free-riding” scheme that generated more than $2 […]
Wilshire to acquire Lyxor Asset Management
(Opalesque) Wilshire, a leading global financial services firm, has entered into a definitive agreement to acquire Lyxor Asset Management Inc., a U.S.-based investment advisor with $20.8 billion in assets under management, from Amundi, the largest European asset manager. Through this […]