(CNBC) South Korea’s Samsung Electronics reported Tuesday quarterly operating profit that was better than expected despite dropping 77.6% from a year ago. While it was a decline year-on-year, third quarter operating profit jumped 262.6% from the second quarter, signaling that […]

(CNBC) Apple announced new PC chips, MacBook Pro laptops, and a new iMac model at an unusual night-time launch event on Monday. Ahead of the all-important holiday shopping season, the new chips will refresh Apple’s Mac lineup, which saw sales […]

(Hedgeweek) Consolidation among sell-side providers of FX prime brokerage (FX PB) is causing increasing concern among hedge funds as they face the risk of reduced access to liquidity and operational disruption from moving to a new provider, a new report […]

(Hedgeweek)Digital asset investment products saw inflows of $326m last week, which represents the largest single week of inflows since July 2022, according to the latest Digital Assets Fund Flows Weekly report from CoinShares. To read this article:

(Hedgeweek) Daniel Och has ended his long-running feud with Sculptor Capital Management by agreeing to back a sweetened bid for the hedge fund he founded from real estate investment firm Rithm Capital, according to a report by The Financial Times. […]

(CNBC) U.S. stock futures opened higher slightly Sunday ahead of a big week filled with a Federal Reserve rate decision, jobs report and Apple’s earnings report. S&P 500 futures added 0.3%, while Nasdaq-100 futures gained 0.4%. Dow Jones Industrial Average […]

(CNBC) Some of the world’s most well-known companies are already seeing the Israel-Hamas war weighing on operations. Corporations that do business or have operations in the region have already begun seeing the war change their financial outlooks as the unrest […]

(Hedgeweek) Hedge funds have remained in the green, year to date with only two exceptions, according to a report by Forbes that cites data from Citco and the PivotalPath Composite Index. To read this article:

(Hedgeweek) Steve Cohen, of Point72 Asset Management, was quoted saying that the US economy may fall into a short-lived recession this year before rebounding in the first quarter of next year, according to a report by Bloomberg. To read this […]

(CNBC) JPMorgan Chase CEO Jamie Dimon will begin to sell one million shares of the bank he runs next year. The plan has sparked concern that Dimon, 67, could be contemplating retirement. Dimon is arguably the country’s top banker. He has led JPMorgan […]

(Hedgeweek) High-Flyer Quant, a China based hedge fund, has suspended its co-founder Xu Jin from work due to his “improper handling of a family matter”, according to a report by Reuters. To read this article:

(CNBC) Zodia Custody, the crypto security firm owned by British banking giant Standard Chartered, is launching its services in Hong Kong. It marks the latest push for the U.K.-headquartered firm into the Asia-Pacific region. Founded in 2020, Zodia Custody helps […]