Category Archives: Syndicated
Ether dips 0.5% after rollout of network’s biggest tech upgrade in nearly a year
(CNBC) Tom Schmidt, partner at the crypto VC and research firm Dragonfly, explains how Ethereum’s Dencun upgrade helps with scalability. He also weighs in on what’s moving markets as bitcoin has been surging to new all-time highs. To see this […]
Qube builds biggest ever Barclays short position
(Hedgeweek) Qube Research & Technologies, the London-based quant hedge fund firm spun out of Credit Suisse in 2018, has built the largest ever short position against Barclays, representing 0.73% of the bank’s stock, according to a report by The Times. […]
Palantir CEO Alex Karp says short sellers ‘love pulling down great American companies’ to pay for their cocaine
(CNBC) Shares of Palantir jumped 9.8% on March 6 after Palantir announced its Tactical Intelligence Targeting Access Node was selected by the U.S. Army. TITAN uses artificial intelligence to provide targeting information for missiles. When a stock goes up, short […]
Stock futures are little changed after S&P 500 closes at new record high: Live updates
(CNBC) Stock futures were calm on Tuesday evening after Wall Street saw the S&P 500 close at a fresh high. Futures tied to the Dow Jones Industrial Average dipped 6 points, or less than 0.1%. S&P 500 futures and Nasdaq […]
Citadel’s Ken Griffin says the Fed shouldn’t cut too quickly, citing big tailwinds supporting inflation
(CNBC) Ken Griffin, Citadel founder and CEO, thinks the Federal Reserve should move slowly to cut interest rates in its fight against stubborn inflation. “If I’m them, I don’t want to cut too quickly,” Griffin said at the International Futures Industry […]
Weiss tried to sell hedge fund before calling it quits
(Hedgeweek) George Weiss, Founder of Weiss Multi-Strategy Advisers, unsuccessfully tried to find a buyer for his $3bn firm holding talks with several potential suitors including Millennium Management, before finally deciding to close the business, according to a report by Bloomberg. […]
Larry Ellison is $15 billion richer after Oracle’s best day on stock market since 2021
(CNBC) Larry Ellison notched a $15 billion gain on Tuesday after shares of his software company had their best day in over two years and closed at a record. Ellison, who started Oracle in 1977, remains the company’s biggest shareholder […]
IBM is slashing jobs in marketing and communications
(CNBC) In December, IBM CEO Arvind Krishna indicated the company was “massively upskilling all of our employees on AI,” after it announced a plan in August to replace nearly 8,000 jobs with AI. IBM said on its earnings call in […]
Digital assets funds see record $2.7bn weekly inflows
(Hedgeweek) Digital asset investment products saw record weekly inflows totalling $2.7bn last week, bringing total inflow year-to-date to $10.3bn, just shy of the record $10.6bn inflows for the whole of 2021, according to the latest weekly fund flows report from […]
Stock futures inch up as all eyes are on key inflation reading: Live updates
(CNBC) Stock futures rose slightly early Tuesday as investors await a key inflation report that could inform the path of the Federal Reserve’s monetary policy. Futures on the Dow Jones Industrial Average gained 54 points, or 0.14%. S&P 500 futures […]
A key inflation reading is due out Tuesday morning. Here’s what to expect
(CNBC) Rising gasoline prices likely put a floor under inflation in February, potentially reinforcing the Federal Reserve’s decision to take a go-slow approach with interest rate reductions. Economists expect that prices across a broad spectrum of goods and services rose […]
JPMorgan’s Dimon urges US Fed to wait past June before cutting rates
(CNBC) JPMorgan CEO Jamie Dimon on Tuesday urged the Federal Reserve to wait past June before cutting interest rates, arguing the central bank needs to shore up its inflation-fighting credibility. “I think they have to be data-dependent. If I were them, I would […]