Category Archives: Syndicated
Heroes to zeroes in 12 months: How the two biggest crypto billionaires proved the critics right
(CNBC) After a brutal 18 months of bankruptcies, company failures and criminal trials, the crypto market is starting to claw back some of its former standing. Bitcoin is up more than 150% this year. Meanwhile, Solana is nearly 10x higher […]
Stock futures are flat as market kicks off new year’s trading after a strong 2023: Live updates
(CNBC) Stock futures were flat in overnight trading Monday as the market is poised to kick off the new year following a surprisingly strong 2023 that saw the S&P 500 rally 24%. Futures on the Dow Jones Industrial Average were […]
These are the boldest bitcoin predictions for 2024 — one calls for a 1,000% rally to $500,000
(CNBC) Bitcoin had a huge rally in 2023, with the digital currency up some 152% for the year. And a number of commentators CNBC spoke to — both inside and outside of the cryptocurrency industry — expect the rise to […]
Tech stocks just wrapped up one of their best years in past two decades after 2022 slump
(CNBC) Tech stocks rebounded from a disastrous 2022 and lifted the Nasdaq to one of its strongest years in the past two decades. After last year’s 33% plunge, the tech-heavy Nasdaq finished 2023 up 43%, its best year since 2020, […]
Prosecutors say they will not pursue second Sam Bankman-Fried trial
(CNBC) Prosecutors have decided not to pursue a second trial against disgraced FTX founder Sam Bankman-Fried. In a note to Judge Lewis Kaplan on Friday, the U.S. government explained that the decision to forego a second set of proceedings had […]
United States acts as top cop — setting the crypto standards for the world
(CNBC) Regulators around the world from Europe to Asia ramped up efforts to bring about formal laws for digital currencies in 2023 — but it was the U.S. that took some of the harshest legal actions against major players in […]
Affirm’s stock quintupled this year, beating all tech peers, on buy now, pay later boom
(CNBC) Affirm stock skyrocketed 430% in 2023, as of Wednesday’s close, outperforming all other U.S. tech companies valued at $5 billion or more. The next-best performer was Coinbase, which shot up 423% largely because of bitcoin’s rebound. To read this […]
Stock futures are flat ahead of final trading day of 2023 with S&P 500 on cusp of record:
(CNBC) Stock futures were little changed on Thursday evening as Wall Street looks to end a winning year on a high note and possibly a new milestone. S&P 500 futures rose less than 0.1%. Dow Jones Industrial Average futures ticked […]
Google settles $5 billion consumer privacy lawsuit
(CNBC) Alphabet’sGoogle has agreed to settle a lawsuit claiming it secretly tracked the internet use of millions of people who thought they were doing their browsing privately. U.S. District Judge Yvonne Gonzalez Rogers in Oakland, California, put a scheduled Feb. […]
Emerging markets hedge funds surge as inflation falls
(Hedgeweek) Emerging Markets hedge funds surged into late 2023 on falling inflation, interest rates, and weakening US Dollar, with EM hedge funds having successfully navigated both macroeconomic and geopolitical challenges over the past 18 months. To read this article:
US short-term financing rate spikes
(Hedgeweek) A measure of the cost of borrowing short-term funds backed by U.S. Treasuries spiked this week to its highest since 2019, a move some market participants attributed to dealers closing their balance sheets for the year, according to a […]
Baidu says its ChatGPT rival Ernie bot now has more than 100 million users
(CNBC) Chinese tech company Baidu said Thursday its ChatGPT-like artificial intelligence product, Ernie bot, has surpassed 100 million users. Baidu shares closed 3% higher in U.S. trading, keeping the stock mildly higher for 2023. Microsoft-backed OpenAI said in November that […]