Category Archives: Syndicated
Disney CEO Bob Iger tells employees he wants to start building again during town hall
(CNBC) Disney Chief Executive Officer Bob Iger told employees Tuesday during an internal town hall that he is looking forward to “building again” after spending 2023 mending parts of the business that “needed attention.” “I feel that we’ve just emerged […]
Bank of America fined $12 million for mortgage disclosure violations by federal watchdog
(CNBC) The Consumer Financial Protection Bureau on Tuesday fined Bank of America $12 million for reporting false mortgage lending data to the federal government. “Bank of America violated a federal law that thousands of mortgage lenders have routinely followed for […]
Okta hackers stole data on all customer support users, company says
(CNBC) Hackers who compromised Okta’s customer support system stole data from all of the cybersecurity firm’s customer support users, Okta said in a letter to clients Tuesday, a far greater incursion than the company initially believed. To read this article:
Crypto Hedge Fund Nine Blocks becomes first to get Dubai’s VRA license
(Hedgeweek) Nine Blocks Capital Management, a crypto hedge fund, has obtained a license from Dubai’s Virtual Assets Regulatory Authority (VARA), making it the first fund to do so. The hedge fund has made public plans that it will be relocating […]
Stock futures are little changed as investors assess pause in November rally: Live updates
(CNBC) Stock futures were flat Tuesday as traders analyzed the strong gains seen throughout November and the trading month nears its end. Dow Jones Industrial Average futures added just 13 points, or 0.04%. S&P 500 and Nasdaq 100 futures were […]
Investors bet on Federal Reserve reaching the end of its rate hiking
(Hedgeweek) According to a report by Bloomberg, US-investment-grade corporate bond spreads have breached a level not seen since 2022, with investors betting that the Federal Reserve has reached the end of its rate hiking cycle. To read this article:
Billionaire George Soros to retire
(Hedgeweek) George Soros, the billionaire who rose to wealth after betting against the Bank of England, is set to retire from his hedge fund career, according to a report by the JC. To read this article:
Echo Street Capital to return client cash
(Hedgeweek) Echo Street Capital (Echo Street), is set to return outside capital to fund investors due to anxieties about leadership transition, according to a report by Bloomberg. To read this article:
E-commerce stocks rally after Black Friday shoppers spend record online
(CNBC) Black Friday online spending reached a record $9.8 billion in the U.S., up 7.5% from a year earlier, according to Adobe Analytics. Online sales on Cyber Weekend, the days between Black Friday and Cyber Monday, surged 7.7% to $10.3 […]
Binance founder Changpeng Zhao ordered by judge to stay in U.S. ahead of prison sentencing
(CNBC) Binance founder Changpeng Zhao, who pleaded guilty last week to criminal charges tied to his cryptocurrency exchange, has to remain in the U.S. at least temporarily, according to a ruling Monday by a federal judge. Zhao was released on a $175 million bond […]
Stock futures fall slightly on Monday with Wall Street riding a four-week winning streak
(CNBC) Stock futures dipped on Monday as Wall Street looks to build on four straight positive weeks for the equity market. Futures for the Dow Jones Industrial Average ticked down 85 points, or 0.24%. Futures for the S&P 500 slipped […]
Bitcoin rises to new high for the year above $38,000
(CNBC) Crypto prices have recovered from a big dip with bitcoin hitting a new high for 2023 last Friday. Bitcoin was last higher by 1.42% at $37,862.76 for the first time since May 2022, according to Coin Metrics. Coin Metrics measures […]