Category Archives: Syndicated
Sam Bankman-Fried lawyer says government portrayed FTX founder as a ‘monster’
(CNBC) As lawyers in Sam Bankman-Fried’s criminal trial presented their closing arguments on Wednesday, prosecutors reminded jurors of the mountain of evidence provided by key witnesses, while defense counsel accused the government of portraying the FTX founder as a “monster. […]
S&P 500 futures tick higher as attention turns from Fed to latest earnings reports:
(CNBC) S&P 500 futures inched higher Thursday morning as investors shifted focus from the Federal Reserve’s policy decision to the latest batch of corporate earnings reports. S&P 500 futures and Nasdaq 100 futures each rose around 0.2%. Futures tied to […]
Fed holds rates steady, upgrades assessment of economic growth
(CNBC) The Federal Reserve on Wednesday again held benchmark interest rates steady amid a backdrop of a growing economy and labor market and inflation that is still well above the central bank’s target. In a widely expected move, the Fed’s […]
Qualcomm gives strong forecast, signaling chip slump recovery
(CNBC)Qualcomm reported fiscal fourth-quarter earnings on Wednesday that beat expectations for sales and earnings, despite big year-over-year declines, and gave a strong forecast for the current quarter. Qualcomm stock rose over 3% in extended trading. To read this article:
Wilshire to acquire Lyxor Asset Management
(Opalesque) Wilshire, a leading global financial services firm, has entered into a definitive agreement to acquire Lyxor Asset Management Inc., a U.S.-based investment advisor with $20.8 billion in assets under management, from Amundi, the largest European asset manager. Through this […]
Stock futures fall slightly as Fed decision looms: Live updates
(CNBC) Stock futures were slightly lower on Wednesday as Wall Street geared up for the Federal Reserve’s latest policy decision on interest rates after closing out a terrible month. Futures tied to the Dow Jones Industrial Average were 66 points […]
Here’s everything to expect from the Fed’s policy announcement Wednesday
(CNBC) The Federal Reserve meeting will most likely conclude Wednesday with the central bank not doing a whole lot of anything — just the way the market wants things for now. There’s virtually no chance policymakers will make a move […]
Long-short equity hedge funds de-risking portfolios, says PivotalPath
(Hedgeweek) US equity long-short hedge fund portfolio managers are taking fewer directional bets, with the level at which swings in the S&P 500 affect their bottom line having fallen to the lowest seen in six years, according to a report […]
AMD gives soft fourth-quarter guidance, but expects to sell $2 billion of AI chips next year
(CNBC) For the fourth quarter, AMD said it expects about $6.1 billion in sales, while analysts were looking for revenue of $6.37 billion. AMD is one of the few chipmakers capable of making the kind of high-end graphics processing units […]
With Intelligence acquires FolioMetrics
(Opalesque) With Intelligence, the leading provider of investment intelligence for allocating, fundraising and business development, today announces the acquisition of FolioMetrics, an established provider of CRM and research management solutions for hedge funds and other investment firms. To read this […]
Treasury to borrow $776 billion in the final three months of the year
(CNBC) In a closely watched announcement Monday afternoon, the U.S. Department of the Treasury said it will be looking to borrow $776 billion, which is below the $1.01 trillion in privately held marketable debt the department borrowed in the July-through-September […]
Stock futures fall after major averages rebound to start the week: Live updates
(CNBC) U.S. stock futures edged lower on Tuesday after the major averages climbed in a relief rally. S&P 500 futures ticked down by 0.38%, and Nasdaq 100 futures fell by 0.58%. Futures tied to the Dow Jones Industrial Average dipped […]