Category Archives: Syndicated
Northern Trust Asset Management names new international head of quantitative strategies
(Hedgeweek)Northern Trust Asset Management (NTAM), a global investment management firm with $1.09tn in assets under management as of 30 September, 2023, has appointed Guido Baltussen, PhD as the firm’s new Head of Quantitative Strategies, International. To read this article:
Digital assets funds see over $1bn of inflows in seven weeks
(Hedgeweek) Digital asset investment products saw inflows totalling $293m last week, bringing this current seven-week run of inflows to over $1bn in total, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares. To read this article:
Lumina Capital acquires Credit Suisse’s minority stake in hedge fund Verde
(CNBC) Lumina Capital, a Brazilian alternative asset management firm founded by former Morgan Stanley Brazil head Daniel Goldberg, has acquired a minority stake in hedge fund Verde Asset Management from Credit Suisse Group, according to a report by Bloomberg. To […]
Stock futures tick higher after S&P 500 and Nasdaq post best day since April: Live updates
(CNBC) U.S. stock futures ticked higher on Wednesday. Futures tied to the S&P 500 rose 0.26%. Dow Jones Industrial Average futures climbed 66 points, or 0.18%, while Nasdaq 100 futures also advanced 0.25%. Late Tuesday, the House of Representatives passed […]
Target will report earnings before the bell. Here’s what to expect
(CNBC) Target will report fiscal third-quarter earnings on Wednesday, as the company tries to claw its way back from a string of disappointing results and high-profile setbacks. Investors will listen for any signs that the retailer’s sales are turning around […]
Alphabet pays Apple 36% of Safari search revenue, Sundar Pichai confirms
(CNBC) Alphabet CEO Sundar Pichai was testifying in a separate lawsuit filed against Google by Epic Games, the maker of Fortnite. The attorney for Epic asked Pichai about the exact dollar amount it pays to Apple, to which Pichai said […]
Airbnb acquires AI startup for just under $200 million
(CNBC) The startup is called Gameplanner.AI, which has been in “stealth mode” since its founding in 2020. Startups in stealth mode operate out of the public eye for various reasons, such as to protect intellectual property or avoid distractions. Gameplanner.AI […]
Stock futures are little changed as traders await key inflation report: Live updates
(CNBC)Stock futures were flat on Tuesday ahead of a closely watched inflation report due before the bell. Futures tied to the Dow Jones Industrial Average dipped 13 points, trading near flat. S&P 500 futures were also flat, and Nasdaq 100 […]
Moody’s warning on the massive U.S. debt burden has turned into a nonevent
(CNBC) There was a time when bad news about U.S. debt would send markets into a tailspin, but not this month. Markets on Monday shrugged at a warning Friday from Moody’s Investor’s Service that it was lowering its ratings outlook […]
Consumer spending fell in October, according to new CNBC/NRF Retail Monitor tracking card transactions
(CNBC) The consumer took a spending break ahead of the holiday season, with October retail sales, excluding autos and gas, falling by 0.08%, and core retail, which also removes restaurants, declining by 0.03%. To read this article:
Hedge funds up shorting of US financial stocks to near record levels.
(Hedgeweek) Global hedge funds topped their bearish positions in US financial stocks to the highest level seen in nearly five years last week, according to a report by Reuters citing data from Goldman Sachs prime brokerage division. To read this […]
Spot bitcoin ETF approval by the SEC is approaching… What that means for investors
(CNBC) Last week, the price of bitcoin notched an 18-month high, climbing to $37,970, after BlackRock took first steps toward an ether ETF. The price of bitcoin has more than doubled since the start of 2023, but it’s still well […]