Monthly Archives: November 2023
Stock futures fall slightly as Fed decision looms: Live updates
(CNBC) Stock futures were slightly lower on Wednesday as Wall Street geared up for the Federal Reserve’s latest policy decision on interest rates after closing out a terrible month. Futures tied to the Dow Jones Industrial Average were 66 points […]
Here’s everything to expect from the Fed’s policy announcement Wednesday
(CNBC) The Federal Reserve meeting will most likely conclude Wednesday with the central bank not doing a whole lot of anything — just the way the market wants things for now. There’s virtually no chance policymakers will make a move […]
Long-short equity hedge funds de-risking portfolios, says PivotalPath
(Hedgeweek) US equity long-short hedge fund portfolio managers are taking fewer directional bets, with the level at which swings in the S&P 500 affect their bottom line having fallen to the lowest seen in six years, according to a report […]
AMD gives soft fourth-quarter guidance, but expects to sell $2 billion of AI chips next year
(CNBC) For the fourth quarter, AMD said it expects about $6.1 billion in sales, while analysts were looking for revenue of $6.37 billion. AMD is one of the few chipmakers capable of making the kind of high-end graphics processing units […]
With Intelligence acquires FolioMetrics
(Opalesque) With Intelligence, the leading provider of investment intelligence for allocating, fundraising and business development, today announces the acquisition of FolioMetrics, an established provider of CRM and research management solutions for hedge funds and other investment firms. To read this […]
CFTC Charges Former Broker with Paying Brokerage Kickbacks and Misappropriating Nonpublic Information
(HedgeCo.Net) The Commodity Futures Trading Commission has issued an order simultaneously filing and settling charges against Lee Tippett, a former broker with Classic Energy, LLC, for participating in a scheme to pay kickbacks to Matthew Clark, a trader employed by […]
Digital asset investment funds see negative outflows of $23m
(Hedgeweek) Negative investor sentiment towards digital asset investment continued last week on the back of the fallout from the collapse of FTX with outflows totalling $23 million, according to the latest data from CoinShares. To read this article:
BlockFi lawyer tells bankruptcy court that the priority is to ‘maximize client recoveries’
(CNBC) BlockFi plans to reopen withdrawals as part of an effort to “maximize client recoveries,” the crypto lender’s lawyers said at a court hearing Tuesday, a day after the firm filed for Chapter 11 bankruptcy protection. BlockFi’s lawyers at that […]
Stock futures inch up as Wall Street awaits Fed Chair Powell’s speech
(CNBC) Stock futures inched up Wednesday morning as Wall Street awaits a Wednesday speech from Federal Reserve Chair Jerome Powell that may give further insight into future rate hikes. Futures tied to the Dow Jones Industrial Average rose 50 points, […]
Morgan Stanley’s Mike Wilson predicts double-digit percentage drop will hit stocks in early 2023
(CNBC) Investors may be on the doorstep of a deep pullback. Morgan Stanley’s Mike Wilson, who has an S&P 500 year-end target of 3,900 for next year, warns corporate America is getting ready to unleash downward earnings revisions that will […]
CrowdStrike shares tumble on weaker-than-expected growth in new revenue
(CNBC) CrowdStrike shares plunged 18% in extended trading on Tuesday after the cybersecurity company reported third-quarter results that top estimates but said new revenue growth was weaker than expected. To read this article:
SEC Awards $20 Million to Whistleblower
(HedgeCo.Net) The Securities and Exchange Commission has announced an award of $20 million to a whistleblower who provided new and critical information that led to the success of an enforcement action. In determining the appropriate award amount, the SEC considered […]