Category Archives: Syndicated
Intel awarded up to $8.5 billion in CHIPS Act grants, with billions more in loans available
(CNBC) Intel could receive an additional $11 billion in loans from the CHIPS and Science Act, which was passed in 2022. The awards will be announced by President Joe Biden in Arizona on Wednesday. The money will help “leading-edge semiconductors […]
Reddit prices IPO at $34 per share in first major social media offering since 2019
(CNBC) Reddit, the 19-year-old website that hosts millions of online forums, priced its IPO on Wednesday at $34 a share, the top of the expected range. The offering brought in $519 million, and values the company at close to $6.5 […]
Shares of Micron pop 14% on earnings beat driven by AI boom
(CNBC) Micron said revenue rose to $5.82 billion from $3.69 billion in the year ago quarter. The company reported a net income of $793 million, up from a net loss of $2.3 billion in the same period last year. For […]
STT readies broker-dealers and clearing firms for May T+1 compliance
(Hedgeweek) Sterling Trading Tech (STT), a global provider of technology in order management, risk and margin, and trading, is working with brokerages, clearing firms and market participants to ensure their compliance with the SEC’s new T+1 settlement cycle rule on […]
Hashnote partners with CoinDesk Indices to launch Hashnote CoinDesk 20 Fund
(Hedgeweek) On-chain digital asset management platform Hashnote has partnered with CoinDesk Indices to launch the Hashnote CoinDesk 20 Fund, which tracks the global digital asset benchmark CoinDesk 20 Index. To read this article:
S&P 500 futures rise after major averages notch fresh closing records: Live updates
(CNBC) Stock futures climbed Thursday morning after the three major averages closed at new records and the Federal Reserve concluded its latest policy meeting. Futures tied to the Dow Jones Industrial Average added 126 points, or about 0.32%. S&P 500 […]
Stock futures are little changed as investors await Fed rate decision: Live updates
CNBC) U.S. stock futures slipped Tuesday night following a winning day for the major averages, as investors awaited the latest Federal Reserve policy decision. Dow Jones Industrial Average futures were marginally lower, while S&P 500 futures dipped 0.12%, while Nasdaq […]
Here’s everything to expect from the Federal Reserve’s policy meeting Wednesday
(CNBC) The Federal Reserve has a lot to do at its meeting this week, but ultimately may not end up doing a whole lot in terms of changing the outlook for monetary policy. In addition to releasing its rate decision […]
Hedge fund bodies sue SEC over Treasury dealer rule
(Hedgeweek)The National Association of Private Fund Managers (NAPFM), Managed Funds Association (MFA) and the Alternative Investment Management Association (AIMA) have sued the US Securities and Exchange Commission (SEC) over a new rule increasing scrutiny on the $27tn Treasury market. To […]
Digital assets fund weekly flows hit new $2.9bn record
(Hedgeweek) Digital asset investment products saw record weekly inflows totalling $2.9bn last week, beating the prior week’s all-time record of $2.7bn, according to the latest Digital Assets Weekly Fund Flows report from CoinShares. To read this article:
MicroStrategy, largest corporate holder of bitcoin, drops as much as 18% as cryptocurrency falls
(CNBC) Shares of MicroStrategy tumbled on Tuesday alongside the price of bitcoin as the company bought even more of the cryptocurrency. The stock was last lower by 5.67%. Earlier, it fell as much as 18%. The move came as MicroStrategy […]
Crypto firm Ledger to launch iPod-inspired crypto wallet in May, after months of delays
(CNBC) Crypto wallet maker Ledger says it is set to launch its much-anticipated hardware wallet Ledger Stax, which was designed by iPod inventor Tony Fadell, in May. Ledger, which makes hardware and software wallets for crypto investors, first announced Ledger […]