Category Archives: Syndicated
Stock futures slip slightly after S&P 500 hits a fresh 2023 high: Live updates
(CNBC) Stock futures were fell in overnight trading Sunday after the S&P 500 reached a new 2023 high following a five-week win streak. Futures on the Dow Jones Industrial Average and S&P 500 futures were both down 0.02% and 0.17%. […]
IRS court win may mean higher taxes for hedge fund managers
(Hedgeweek) The Internal Revenue Service has one upped the hedge-fund and asset-management industries in a case that could bring higher taxes for many fund managers, according to a report by the Wall Street Journal. The ruling in question could require […]
Bitcoin tops $40,000 to hit a 19-month high on ETF hopes, bets on Fed cuts
(CNBC) Bitcoin crossed the $40,000 mark for the first time this year on Monday in Asia, bolstered by anticipation of a bitcoin exchange-traded fund approval and bets on U.S. interest rate cuts. The world’s largest cryptocurrency surged more than 4% on […]
Gold soars past $2,100 to new record — and analysts don’t expect it to stop there
(CNBC) Gold prices notched a new record on Monday for a second day in a row — with spot prices touching $2,100 as the global rush for bullion appears set to continue. Gold prices are on course to hit fresh […]
Trian to up stakes in Disney fight
(Hedgeweek) Trian Fund Management, the activist hedge fund firm founded by Nelson Peltz, is preparing to up the stakes in its campaign to agitate for change at The Walt Disney Company, by taking its case directly to shareholders. To read […]
Former SAC and Odey traders launch ‘first-loss’ hedge fund in Europe
(Hedgeweek) Andrew Lubin, former CEO of the London unit of Steven Cohen’s SAC Capital Advisors, and Tim Pearey, former CEO of Odey Asset Management, have started a “first-loss” hedge fund in Europe, according to a report by Bloomberg. To read […]
Meta’s AI chief doesn’t think AI super intelligence is coming anytime soon, and is skeptical on quantum computing
(CNBC) Meta’s chief scientist and deep learning pioneer Yann LeCun said he believes that current AI systems are decades away from reaching some semblance of sentience, equipped with common sense that can push their abilities beyond merely summarizing mountains of […]
Stock futures mixed on Friday after Dow notches new high for the year: Live updates
(CNBC) Stock futures were mixed on Friday morning after the Dow Jones Industrial Average notched a new 2023 high and capped off its best month in more than a year. Futures tied to the 30-stock index extended gains marginally and […]
Coinbase rallies more than 60% in same month that FTX and Binance founders brace for prison
(CNBC)In a month that saw two of the crypto industry’s leading figures headed on the path to prison, Coinbase shares rocketed more than 60%, their second-best monthly performance since the cryptocurrency exchange went public in 2021. Bolstered by rallies in […]
Robinhood CEO defends payment for order flow, says practice is ‘here to stay’
(CNBC) Robinhood CEO Vlad Tenev says he doesn’t believe that the payment for order flow (PFOF) model of market-maker routing that the company incorporates in the U.S. is under threat. That’s despite calls from notable consumer trading advocates and regulators […]
Activist investor Nelson Peltz launches Disney proxy fight, seeks multiple board seats
(CNBC) Activist investor Nelson Peltz and his firm are seeking more than two seats on Disney’s board, according to a person familiar with the matter, setting the stage for a proxy fight. Trian Fund Management, which Peltz co-founded, said Thursday […]
Inclusive Capital to shut shop
(Hedgeweek) Inclusive Capital Partners, the fund founded by Jeff Uben, is closing down after a three year run. The activist investor has decided to close down the firm after it struggled to raise new cash, according to a report by […]