Monthly Archives: February 2024
Stock futures are little changed after Dow suffers worst session since March 2023: Live updates
(CNBC) U.S. stock futures were flat Tuesday night after the Dow Jones Industrial Average posted its biggest decline since March 2023. Futures tied to the Dow slipped 15 points, or 0.04%. S&P 500 futures inched up 0.02%, and Nasdaq 100 […]
Alts managers concerned about growing money laundering risks
(Hedgeweek) Alternative fund managers are concerned about the growing threat they face from money laundering risks and their organisation’s focus on anti-money laundering (AML) management is set to increase over the next 24 months, according to new research from Ocorian, […]
Nvidia is now worth more than Amazon thanks to the AI chip boom
(CNBC) Nvidia surpassed Amazon in market capitalization on Tuesday. It’s a sign of strong demand for semiconductors that run cutting-edge artificial intelligence and the investor appetite for the companies that make the chips. Nvidia closed at $721.28 per share, giving […]
Bitcoin money launderer Ian Freeman ordered to pay $3.5 million to scam victims
(CNBC) A New Hampshire libertarian activist and radio show host convicted of using bitcoin to launder tens of millions of dollars in proceeds from romance scams and internet fraud was ordered to pay more than $3.5 million in restitution to […]
Digital assets funds inflows hit $2.7bn YTD
(Hedgeweek) Digital asset investment products saw inflows of $1.1bn last week, bringing year-to-date inflows to $2.7bn, and AUM to its highest level since early 2022 at $59bn, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares. To […]
AGF makes strategic investment in New Holland Capital
(Hedgeweek) AGF Management (AGF) has made a strategic investment in New Holland Capital (NHC), a New-York based multi-strategy investment manager with more than $5bn in AUM and more than 17 years of experience in absolute return investment strategies. To read […]
Instacart to lay off 250 employees, or about 7% of the company, as part of restructuring
(CNBC) Instacart plans to lay off about 250 employees. Shares of the company fell 5% in extended trading. The layoffs are focused in part on middle management and creating a flatter organizational structure, according to Instacart, as well as focusing […]
Stock futures slip after fresh Dow record, Wall Street looks to inflation data: Live updates
(CNBC) Stock futures ticked lower on Monday evening as investors prepared for a key inflation report. Futures tied to the Dow Jones Industrial Average lost 43 points or 0.1%. S&P 500 futures slipped 0.1%, while Nasdaq 100 futures dropped 0.2%. […]
JetBlue shares jump 15% as activist Carl Icahn reports stake and calls shares undervalued
(CNBC) Activist investor Carl Icahn on Monday reported a nearly 10% stake in JetBlue Airways, saying the airline stock is undervalued. Shares of JetBlue spiked more than 15% in extended trading. Icahn amassed the stake in a series of purchases […]
Bitcoin extends its gains, breaking through the $50,000 level
(CNBC) Bitcoin jumped above $50,000 Monday, at one point reaching its highest level in more than two years. The price of the flagship cryptocurrency was last higher by 4% at $50,168.36, according to Coin Metrics. Earlier, it rose to $50,334.00, […]
Jeff Bezos will save over $600 million in taxes by moving to Miami
(CNBC) Jeff Bezos’ $2 billion stock sale last week came with an added perk: no state taxes. Last year, Bezos announced on Instagram that he was leaving Seattle after nearly 30 years to move to Miami. He said the move […]
Criminal sentencing of Binance founder CZ postponed to late April
(CNBC) The criminal sentencing of Binance founder Changpeng Zhao on a money laundering rule charge has been postponed until April 30, according to a notice Monday in Seattle federal court. That docket entry did not explain what would be a […]