(CNBC) Prosecutors in the criminal trial against FTX founder Sam Bankman-Fried compared one of the defense’s arguments to a scene in the 1994 film “Dumb and Dumber,” in which actor Jim Carrey says IOUs are “as good as money.” Much […]

(CNBC) Ready for a tightrope walk? General Motors and Ford Motor report third-quarter earnings and future guidance this week amid ongoing strikes and contract negotiations with the United Auto Workers union. And it’s a difficult balance. If the automakers are […]

(Opalesque) Peter Kambolin, a former chief executive officer of an investment firm pleaded guilty to a “cherry-picking” scheme, in which he fraudulently misappropriated profitable trades to himself, and saddled his investors with losses. According to court documents, Peter Kambolin, 48, […]

(CNBC) Stock futures ticked higher on Sunday night as traders looked ahead to the release of corporate earnings from tech industry behemoths. Futures tied to the Dow Jones Industrial Average rose 59 points, or 0.18%. S&P 500 futures and Nasdaq […]

(Hedgeweek) Florida-based hedge fund manager Michael Wayne Williams has pleaded guilty in the Southern District of Ohio to using his company as part of a Ponzi scheme that defrauded investors of millions of dollars over a number of years. To […]

(Hedgeweek) Doug Haynes, a former President at Steve Cohen’s Point72 Asset Management until he resigned in 2018 having been named a defendant in a sexual discrimination lawsuit which was settled in 2020, is looking to raise $1bn for his new […]

(Hedgeweek) Man Group, the world’s largest listed hedge fund firm has reported its first set of results since Robyn Grew assumed the role of CEO, with assets under management increasing to $161.2bn, just short of analyst expectations, according to a […]

(Hedgeweek) Bridgewater Associates, one of the world’s biggest hedge funds, has made two additions to its operating Board of directors, with the appointment of risk expert Helene Glotzer and AI expert Jason Warner, according to a report by Reuters. To […]

(CNBC) Of the dozens of items entered into evidence in the first three weeks of the trial, a bank of messages on an encrypted app perhaps the clearest picture of Bankman-Fried’s alleged crimes. The messages gave jurors a rare look […]

(CNBC) Stock futures dipped Friday morning as traders focused on a recent run higher in the 10-year Treasury yield. Futures tied to the Dow Jones Industrial Average were down 17 points, or 0.05%. S&P 500 futures fell 0.15%, and Nasdaq […]

(CNBC) Federal Reserve Chairman Jerome Powell acknowledged recent signs of cooling inflation, but said Thursday that the central bank would be “resolute” in its commitment to its 2% mandate. To read this article:

(CNBC) Even as the economy has surprised forecasters with its resilience, lenders have cut headcount or announced plans to do so, with the key exception being JPMorgan Chase, the biggest and most profitable U.S. bank. Pressured by the impact of […]