Category Archives: Syndicated

Amazon spends $2.75 billion on AI startup Anthropic in its largest venture investment yet

(CNBC) Amazon is making its largest outside investment in its three-decade history as it looks to gain an edge in the artificial intelligence race.  The tech giant said it will spend another $2.75 billion backing Anthropic, a San Francisco-based startup […]

Stock futures are little changed as S&P 500 gets set to close out the first quarter up 10%: Live updates

(CNBC) Stock futures are trading near the flatline overnight as the S&P 500 approached its best first-quarter performance in five years. Futures tied to the Dow Jones Industrial Average slipped 32 points, or 0.08%. S&P 500 futures inched lower by […]

Penthouse to prison: Sam Bankman-Fried’s journey from crypto king to convicted conman

(CNBC) Two years ago, Sam Bankman-Fried was a 30-year-old multibillionaire living in a $35 million Bahamas penthouse, partying with his pals while running one of the world’s most valuable crypto companies. Today, he’s a 32-year-old inmate at the Metropolitan Detention […]

SBF team argues for 5-6 years in jail because FTX customers will get money back

(CNBC) While prosecutors are requesting that FTX founder Sam Bankman-Fried spend 40 to 50 years in prison for his crimes, the defense team is urging the judge to consider a sentence that’s roughly 90% shorter. To read this article:

TikTok makes $2.1 million TV ad buy as Senate reviews bill that could ban app

(CNBC) TikTok has launched a $2.1 million advertising campaign with a clear message for senators in tough reelection fights this year: Block the House bill that could effectively ban the app in the United States. “Think about the 5 million […]

Citadel adds X software engineer to team

(Hedgeweek) Linyun Fu, a software engineer at X who survived Elon Musk’s axing of 50% of jobs at the social media platform, has left the company after eight years to take up a new software engineering role at multi-strategy hedge […]

Derivitec launches in the US

(Hedgeweek) Derivitec, an independent software vendor providing risk analytics solutions to hedge funds and family offices, has established an office in New York following a rapid rise in user numbers amongst its US clients. To read this article:

Stock futures inch higher after S&P 500 notches three-day losing streak: Live updates

(CNBC) Stock futures are up modestly Tuesday night following a losing session on Wall Street that pulled the indexes further from record levels. Futures tied to the Dow Jones Industrial Average added 87 points, or 0.2%. S&P 500 futures and […]

Reddit investors shrug off hold rating, bid up stock another 9% as post-IPO rally continues

(CNBC) Reddit’s first stock rating among analysts was a hold. But the rally continued anyway. The shares climbed 8.8% on Tuesday to close at $65.11. They’re now up 92% since debuting on the stock market last week under ticker symbol […]

Adam Neumann’s bid to buy back WeWork faces uphill battle due to financing challenges

(CNBC) Adam Neumann has sent a preliminary offer to buy WeWork out of bankruptcy for more than $500 million, five years after he was ousted by the office-sharing company he founded. But it’s not clear that he has the financing […]

Digital assets funds flip to record weekly outflows

(Hedgeweek) Digital asset investment products saw record weekly outflows totalling $942m, following a record seven-week run of inflows totalling $12.3bn, according to the latest Digital Asset Fund Flows Weekly Report from CoinShares. To read this article:

Silver to shine as record gold run slows

(Hedgeweek) With the price of gold having hit multiple record highs in recent weeks, hedge fund managers are now beginning to turn their attention to silver as the next potential precious metal momentum play, according to a report by Kitco. […]