(Hedgeweek) Hedge funds have upped their short positions in US consumer discretionary stocks while taking long positions in consumer staples suggesting they see tough times ahead for US consumers, according to a report by MarketWatch. To read this article:

(CNBC) Stock futures oscillated near the flat line Wednesday as traders prepared for the August producer price index, a measure of wholesale inflation. Futures tied to the Dow Jones Industrial Average added 11 points or 0.03%. S&P 500 futures ticked […]

(CNBC) The United Auto Workers and Detroit automakers remain far apart ahead of the union “likely” strategically striking the companies after an 11:59 p.m. ET Thursday deadline, UAW President Shawn Fain said Wednesday night. The outspoken union leader laid out […]

(CNBC) Arm, the chip design firm that supplies core technology to companies including Apple and Nvidia, priced its initial public offering at $51 a share. Arm’s fully diluted market cap, which includes outstanding restricted stock units, is over $54 billion […]

(CNBC) Google is cutting hundreds of jobs in its global recruiting organization as part of a broader pullback in hiring over the next several quarters, CNBC has confirmed. “It’s not something that was an easy decision to make, and it […]

(Hedgeweek) Elon Musk’s electric vehicle manufacturer Tesla has emerged as the most shorted large-cap US stock for the third consecutive month in August after topping the rankings in securities lending data specialist Hazeltree’s latest Shortside Crowdedness Report. To read this […]

(Hedgeweek) Digital asset investment products saw outflows totalling $59m last week, taking the current run of outflows to a total of $294m, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares. To read this article:

(CNBC) U.S. stock futures were little changed Tuesday night as investors looked toward the release of the consumer price index for more insights on inflation. Futures tied to the Dow Jones Industrial Average inched lower by 6 points, or 0.02%. […]

(CNBC) The co-founder of the fraudulent OneCoin cryptocurrency, a massive pyramid scheme that amassed more than $4 billion from millions of investors worldwide, was sentenced Tuesday to 20 years in prison. Karl Greenwood, 46, who orchestrated the multibillion-dollar multilevel marketing […]

(CNBC)U.S.-based cryptocurrency company Ripple says it’s planning to fight the ongoing lawsuit with the U.S. Securities and Exchange Commission “all the way through. The lawsuit between Ripple and the SEC has stretched for nearly three years. In 2020, the SEC accused […]

(CNBC) The price of bitcoin bounced Tuesday, reversing losses from the previous day that were driven by fears around FTX liquidations. Bitcoin was last higher by 4.5% at $26,185.72, according to Coin Metrics. On Monday, bitcoin dipped below the key […]

(Hedgeweek) Hedge funds are on course to be outright bullish on the dollar by the end of the month having already cut their short positions on the greenback to the lowest level seen in three months, according to a report […]