Category Archives: Syndicated
Jobs report Friday is expected to show a slowing but still healthy labor market
(CNBC) Job growth in the U.S. likely decelerated in February while still a long way from stall speed as companies continue to keep up demand for workers. When the Labor Department releases the nonfarm payrolls report Friday at 8:30 a.m. […]
Powell says the Fed is ‘not far’ from the point of cutting interest rates
(CNBC) In remarks to the Senate Banking Committee, the central bank leader didn’t provide a precise timetable of when he sees easing happening, but noted that the day could be coming soon. “We’re waiting to become more confident that inflation […]
Sigma Broking partners with FIA Tech
(Hedgeweek)Global brokerage company Sigma Broking has partnered with futures industry technology provider FIA Tech, enabling Sigma to utilise FIA Tech’s Atlantis settlement platform to support the company’s trade processing. To read this article:
DLA Piper adds hedge fund Counsel to Project & Energy practice
(Hedgeweek) Andrew Westgate has left his role as Associate General Counsel, Carbon – Senior Analyst at Texas-based environmental credit hedge fund Clear Sky Advisers to join DLA Piper as a Partner in the law firm’s project & energy practice in […]
Stock futures tick lower after major averages claw back some of this week’s losses: Live updates
(CNBC) Stock futures inched down Thursday after the major averages posted their first winning session in three days. Futures tied to the Dow Jones Industrial Average dipped 37 points, or 0.1%. S&P 500 futures ticked lower by 0.2%, and Nasdaq-100 futures […]
NYCB shares rebound after troubled regional bank announces $1 billion capital raise
(CNBC) Struggling regional lender New York Community Bancorp announced a $1 billion capital raise and a leadership shake-up on Wednesday, headlined by former Treasury Secretary Steven Mnuchin, leading to a sharp rebound for its stock. NYCB has agreed to a […]
Powell reinforces position that the Fed is not ready to start cutting interest rates
(CNBC) Federal Reserve Chair Jerome Powell on Wednesday reiterated that he expects interest rates to start coming down this year, but is not ready yet to say when. In prepared remarks for congressionally mandated appearances on Capitol Hill Wednesday and […]
Meta is building a giant AI model to power its ‘entire video ecosystem,’ exec says
(CNBC) Meta’s hefty investment in artificial intelligence includes development of an AI system designed to power Facebook’s entire video recommendation engine across all its platforms. Meta’s “technology roadmap that goes to 2026” involves developing an AI recommendation model that can […]
Cryptocurrencies recover after bitcoin pulls back from new record
(CNBC) Cryptocurrencies bounced back on Wednesday, recovering much of the losses from the previous day’s sell-off, which came soon after bitcoin hit an all-time high. Bitcoin was last higher by 7.9% at $67,273.54, according to Coin Metrics, while ether soared […]
GraniteShares hits $2.5bn AUM as trading volumes surge
(Hedeweek) A surge in trading volumes has resulted in an increase of $500m in AUM in less than one month at exchange-traded products (ETPs) provider GraniteShares, taking its total AUM to above $2.5bn. To read this article:
Epic Games says Apple retaliated over lawsuits by banning company’s developer account
(CNBC) Apple has rejected Epic Games’ application for a developer account it would use to launch an app store for iPhones in Europe, Epic CEO Tim Sweeney said Wednesday. Sweeney said Apple’s decision was in retaliation over the gaming company’s […]
Nasdaq 100 futures rise after Tuesday’s sell-off, investors await Powell’s testimony: Live updates
(CNBC) Futures linked to the Nasdaq 100 rose Wednesday, following a sharp sell-off for all three major averages. Nasdaq 100 futures climbed about 0.3%. S&P 500 futures added 0.09%, and Dow Jones Industrial Average futures inched lower by 5 points, […]