Category Archives: Syndicated
FBI arrests three men in alleged multi-million dollar crypto laundering scheme: CNBC Crypto World
(CNBC) Rebecca Rettig, the chief legal and policy officer at Polygon Labs, discusses advancements overseas and in the U.S. as it pertains to crypto regulation. To read this article:
Charlie Munger says there isn’t a chance Buffett traded own account to enrich himself
(CNBC) Berkshire Hathaway Vice Chairman Charlie Munger pushed back against a report that alleged his partner Warren Buffett at times traded stocks in his personal account before the conglomerate made moves in the same securities. To read this article:
Fed’s Mester wants ‘much more evidence’ that inflation has been defeated
(CNBC) Cleveland Federal Reserve President Loretta Mester said that this week’s news showing lower levels of inflation isn’t enough to convince her that the central bank has won its battle against higher prices. To read this article:
IBM suspends advertising on X after report says ads ran next to antisemitic content
(CNBC) IBM has paused advertising on X after a report found that the tech company’s ads were placed next to antisemitic content on the platform formerly known as Twitter. “IBM has zero tolerance for hate speech and discrimination and we […]
‘Big Short’ Burry bets against semiconductor sector
(Hedgeweek) Hedge fund manager Michael Burry, famed for his winning wagers against the US housing market ahead of the 2008 global financial crisis as depicted in the movie ‘The Big Short’, added a bearish options position on semiconductors in Q3, […]
Hedge funds generate returns from bets against troubled wind energy stocks
(Hedgeweek) A series of well-timed bets against wind energy stocks have generated positive returns for a number of investment firms, including hedge fund Marshall Wace and quantitative trading firm Qube Research & Technologies, according to a report by The Financial […]
Citigroup begins layoffs as part of CEO Jane Fraser’s corporate overhaul
(CNBC) Citigroup will soon begin layoffs in CEO Jane Fraser’s corporate overhaul. Employees affected by the cuts will be informed today, with new dismissals announced daily through early next week. Those impacted will include chiefs of staff, managing directors and […]
Siemens beats earnings forecasts, says sales growth to slow in 2024
(CNBC) Siemens on Thursday posted a 10% rise in revenue growth for its fiscal fourth quarter to a record high of $23.2 billion, beating forecasts, but expects a slowdown in 2024. To read this article:
Cisco stock plunges on light guidance after product order slowdown
(CNBC) Cisco shares were down as much as 13% in extended trading on Wednesday after the networking hardware maker issued a glum forecast for the current quarter and the full fiscal year. Revenue increased by 7.6% in the fiscal first […]
Millennium and Schonfeld pull plug on tie-up talks
(Hedgeweek) Talks over a potential tie-up between Millennium Management, the $60bn multi-strategy hedge fund firm led by Izzy Englander, and Schonfeld Strategic Advisors, have ended without an agreement being reached, according to a report by the Financial Times. To read […]
VC investors survey shows AI dominance continues
(Hedgeweek) 62.2% of global venture capital (VC) investors said artificial intelligence and machine learning (AI/ML) have the most disruption potential of emerging technologies, an increase from 29% 12 months prior. 30% of investors regularly use AI to assess investment opportunities. […]
Global macro, multi-strategy and equity long/short are family offices’ favorite strategies
(Opalesque) Swiss bank UBS’s latest Global Family Office report, based on an extensive survey of 230 clients globally at the end of September, showed that family offices have increased their allocations in hedge funds as investors seek more diversifiers. To […]