Category Archives: Syndicated

Nvidia’s stock closes at record after Google AI partnership

(CNBC) Nvidia shares rose 4.2% Tuesday to close at a record, after the chipmaker announced a partnership with Google that could expand distribution of its artificial intelligence technology. The stock’s torrid run continued, as it’s now up 234% in 2023, […]

Stock futures are little changed after a third straight winning day on Wall Street: Live updates

(CNBC) Stock futures are flat Tuesday night after another positive session, marking the latest leg in an end-of-month rally as investors try to mitigate August’s losses. Futures tied to the Dow Jones Industrial Average gained 28 points, or 0.1%. S&P […]

Bitcoin rallies more than 7% as court sides with Grayscale over the SEC in crypto ETF case

(CNBC) The price of bitcoin surged Tuesday after the U.S. Court of Appeals for the DC Circuit ruled that the Securities and Exchange Commission was wrong to deny crypto investment giant Grayscale permission to convert its popular bitcoin trust into an […]

Redwood Materials, run by ex-Tesla CTO, raises $1 billion to expand recycling operations in U.S.

(CNBC) The company takes spent electric vehicle batteries, breaks them down and uses the metals from them — including nickel, copper, cobalt and lithium — to produce new components that can go into EV batteries. One of Redwood’s major goals […]

Hedge funds up bullish EM equity futures positions

(Hedgeweek) Improving optimism for emerging market equity futures has prompted hedge funds to increase their bullish positions in the asset class to the highest level seen since the pandemic three years ago, according to a report by Bloomberg. To read […]

Bitcoin trading volume is at its lowest in more than four years

(CNBC) Bitcoin’s trading volume hit its lowest level in almost five years this month as investors keep waiting for reasons to jump back into the market. An analysis of CryptoQuant data from both spot and derivatives exchanges shows the total […]

Goldman Sachs unloads another business acquired under CEO David Solomon

(CNBC) Goldman Sachs said Monday that it agreed to sell its personal financial management unit to a competitor named Creative Planning. The transaction is expected to close in the fourth quarter of this year and “result in a gain” for […]

Tech IPOs are coming back — now they have to perform

(CNBC) It’s been 20 months since a notable venture-backed tech company went public in the U.S., and the chatter in Silicon Valley has centered around who will break the ice. Las week, grocery delivery startup Instacart and data and marketing […]

Private capital reached $22.6tn AUM

(Opalesque) Private capital markets have been outperforming equities, offering investors opportunities with higher yields and portfolio diversification, according to a study. According to the latest report by Global EY Private Leader, private markets have enjoyed a remarkable period of sustained […]

The US accounts for more than two-thirds of fintech funding in H1 2023

(Opalesque) The US took the lion’s share of fintech funding in H1’23, it’s US$34.9 billion in funding accounting for more than two-thirds of the US$52.4 seen globally, said a study. According to KPMG Pulse of Fintech – H1’2023, the US […]

Stock futures inch higher to kick off the final trading week of a rocky August: Live updates

(CNBC) Stock futures rose slightly to kick off the final trading week of August. Futures tied to the Dow Jones Industrial Average rose 50 points, or about 0.15%, while S&P 500 futures and Nasdaq-100 futures added 0.14% and 0.7%, respectively. […]

CTAs struggling to repeat 2022’s success

(Hedgeweek) Violent swings in asset prices coupled with rapid shifts in investor interest rate expectations have impacted commodity trading advisers (CTAs) so far in 2023, making a repeat of last year’s bumper returns from bets on prevailing global market trends, […]