Category Archives: Syndicated
Bridgewater sees surge in onshore China assets as flagship fund flourishes
(Hedgeweek) Bridgewater Associates has seen a surge in assets from wealthy Chinese investors on the back of strong performance by its flagship China fund, which has gained 11% this year as of August, according to a report by Bloomberg. To […]
Fed declines to hike, but points to rates staying higher for longer
(CNBC) The Federal Reserve held interest rates steady in a decision released Wednesday, while also indicating it still expects one more hike before the end of the year and fewer cuts than previously indicated next year. That final increase, if […]
Stock futures edge lower after Fed skips a rate hike, but signals another increase is coming: Live updates
(CNBC) Stock futures traded near the flat line Wednesday night as investors parsed through the Federal Reserve’s projections made earlier in the day. Futures tied to the Dow Jones Industrial Average were lower by 14 points, or 0.04%. S&P 500 […]
GM and Stellantis just laid off more than 2,000 additional workers because of the UAW’s strike
(CNBC) General Motors and Stellantis said they have laid off additional workers because of consequences related to the United Auto Workers strike. GM said in a statement Wednesday that it has halted production at its assembly plant in Fairfax, Kansas, […]
Instacart’s 11% plunge on second day of trading wipes out almost all of its IPO gains
(CNBC) Instacart shares slumped nearly 11% in their second day of trading Wednesday, continuing a slide that began immediately after the stock hit the Nasdaq on Tuesday, and leaving it narrowly above its initial public offering price. To read this […]
Digital asset funds see $455m outflows in nine weeks
(Hedgeweek) Digital asset investment products saw outflows totalling $54m last week, and have now seen outflows in eight of the last nine weeks totalling $455m, according to the latest Digital Asset Fund Flows Weekly report from CoinShares. To read this […]
Dalio still making presence felt at Bridgewater
(Hedgeweek) It may be almost a year since Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, ‘retired’ and stepped away from the day-to-day running of the business, but his presence still looms large over the firm, […]
FTX accuses Sam Bankman-Fried’s mother of being key advisor to son on political contributions
(CNBC) The mother of former cryptocurrency king Sam Bankman-Fried is being accused in a new lawsuit of acting as a key advisor to her son and his allies for political campaign contributions that later led to criminal charges against him […]
Stock futures are little changed ahead of Fed rate decision: Live updates
(CNBC) Stock futures were calm on Tuesday evening as Wall Street geared up for the latest interest rate decision and economic update from the Federal Reserve. Futures tied to the Dow Jones Industrial Average were flat. S&P 500 futures and […]
Here’s everything the Fed is expected to do Wednesday
(CNBC) As often has been the case, this week’s Federal Reserve meeting will be less about what policymakers are doing now than what they expect to be doing in the future. In the now, there’s virtually no chance the U.S. […]
Griffin has doubts over longevity of US stock market rally
(Hedgeweek) Ken Griffin, founder of CDEO of US multi-strategy major Citadel, has expressed doubts over the longevity of the recent stock market rally and has also said he is concerned about the country’s current fiscal situation, according to a report […]
Big five hedge funds have doubled US stock market footprint since 2014, says Goldman
(Hedgeweek) A Goldman Sachs client note has revealed that the world’s five largest hedge fund firms, have doubled the size of their holdings in US stocks through leverage and trading positions since 2014, according to a report by Reuters. To […]