(CNBC) The pain of recognition was acute for Wall Street on Tuesday, with major averages down sharply across the board and Treasury yields surging to their highest levels in some 16 years. “When you have an economy predicated on zero […]

(Hedgeweek) Ray Dalio, the founder of global macro hedge fund major Bridgewater Associates is watching the “risky” fiscal situation in the US and believes the country could be heading for a debt crisis, according to a report by Reuters. To […]

(CNBC) Pershing Square’s Bill Ackman on Monday sounded alarms on the economy, which he believes has begun to decelerate on the back of aggressive rate hikes. ?[T]he Fed is probably done. I think the economy is starting to slow,” Ackman […]

(CNBC) FTX’s multibillion-dollar cryptocurrency blowup hasn’t destroyed all faith in the industry.  In a new documentary premiering Monday, FTX customers, insiders and investors say that despite not receiving a single dollar’s worth of cryptocurrency back, they’re optimistic on the industry […]

(CNBC) A major benchmark for U.S. stocks — the Russell 2000 index — turned negative for the year on Monday, an indicator of broader weakness occurring in the economy that’s being masked by a few large-cap tech equities.  The small-cap […]

(CNBC) Stock futures were little changed on Monday night. Futures tied to the S&P 500 added 0.03%, while Nasdaq 100 futures gained 0.05%. Dow Jones Industrial Average futures flickered near the flat line. To read this article:

(CNBC) Crypto prices rallied on Monday, pushing bitcoin to its highest level in more than a month. Bitcoin rose 3% to $27,921. The cryptocurrency traded above the $28,000 mark for much of the day, putting bitcoin at its highest level […]

(CNBC) Stock futures jumped at the open of trading after U.S. legislators were able to come to a temporary agreement that staved off a government shutdown. Futures tied to the Dow Jones Industrial Average rose 122 points, or 0.4%. S&P […]

(CNBC) Billionaire investor Bill Ackman would “absolutely” do a deal with X, the social platform previously known as Twitter, with his newly approved investment vehicle, Ackman told The Wall Street Journal in a story published on Sunday. On Friday, Ackman announced […]

(Hedgeweek) Investors continued to pull cash from hedge funds in August redeeming an estimated $6.10bn to extend the current run of overall withdrawals to 15 months, according to the latest Hedge Fund Industry Asset Flows Report from Nasdaq eVestment. To […]

(Hedgeweek) Citadel is preparing to take a much harder line over the SEC’s widening Wall Street WhatsApp probe than the almost two dozen banks that have already agreed to hefty settlements during the past two years over staff use of […]

(Hedgeweek) Michael Turner, the CEO of Man Group’s solutions business Man Solutions, and the former CEO of the group’s specialist hedge fund division Man FRM, has left after 16 years with the company, according to a report by CityWire. To […]