Category Archives: Syndicated
Former Celsius CEO arrested, company agrees to pay $4.7 billion settlement
(CNBC) Former Celsius CEO Alex Mashinsky was arrested Thursday on federal securities fraud charges, a source told CNBC as the bankrupt crypto exchange agreed to pay a $4.7 billion settlement with government regulators. The exchange was also charged by the […]
JPMorgan Chase is set to report second-quarter earnings — here’s what the Street expects
(CNBC) JPMorgan Chase is scheduled to report second-quarter results before the opening bell Friday, kicking off the banking industry’s earnings season. JPMorgan has been a port in the storm for bank investors this year. Earnings reports from the biggest U.S. […]
NYC mayor Eric Adams to update disclosure form after failing to report crypto holdings, report says
(CNBC) New York City mayor Eric Adams has reportedly pledged to correct his annual financial disclosure form filed with the Conflicts of Interest Board, after failing to report his cryptocurrency holdings. When asked whether he held any security, including stocks, […]
Rokos macro fund reverses most of 2023’s losses
(Hedgeweek) Chris Rokos’s macro hedge fund has almost recovered from the losses it incurred earlier in the year because of wild swings in global interest rate markets, having posted a 4% gain last month on the back of a 5% […]
Inflation rose just 0.2% in June, less than expected as consumers get a break from price increases
(CNBC) Inflation fell to its lowest annual rate in more than two years during June, the product both of some deceleration in costs and easy comparisons against a time when price increases were running at a more than 40-year high. […]
Traditional hedge funds grow more crypto cautious
(Hedgeweek) Recent crypto market turmoil has prompted traditional hedge funds to adopt a more cautious approach to digital assets investments, with some managers opting to exit the sector completely, according to a report by Reuters. To read this article:
Stock futures tick up after S&P 500 notches highest close since April 2022: Live updates
(CNBC) Stock futures inched higher in overnight trading after the S&P 500 closed at its highest level in over a year. Markets also looked ahead to another key inflation reading. Disney shares added nearly 1% in extended trading after the […]
Ex-Citadel PM launches healthcare-focused hedge fund with $275m
(Hedgeweek) Cutter Capital Management, a new healthcare-focused hedge fund founded by former Citadel portfolio manager Vince Aita, has begun trading with $275m from two institutional investors, according to a report by Bloomberg. To read this article:
DIFC teams with AIMA as five additional hedge funds set up shop in Q2
(Hedgeweek) The Dubai International Financial Centre (DIFC) has become the first financial hub in the Middle East, Africa and South Asia (MEASA) region, to partner with the Alternative Investment Management Association (AIMA) which represents over 2,100 corporate members with over […]
Viasat stock plunges after company discloses malfunction in new satellite
(CNBC) Viasat’s stock dropped in after-hours trading on Wednesday after the company disclosed its most recently launched communications satellite suffered a malfunction. The Carlsbad, California-based company said an “unexpected event occurred” while deploying the reflector of its Viasat-3 Americas satellite […]
Top 50 hedge funds outpaced S&P 500 by more than 3% over the past five years
(Hedgeweek) This year’s Top 50 collectively outpaced the market over the trailing five years through 2022 by more than three full percentage points. They did so with considerably less risk than the S&P 500 and a market correlation of just […]
Bank of America fined $150 million for consumer abuses including fake accounts, bogus fees
(CNBC) Bank of America, the second-largest U.S. bank by assets, engaged in deceptive practices that hurt hundreds of thousands of its customers in recent years, the Consumer Financial Protection Bureau said Tuesday. The bank charged multiple $35 overdraft fees for […]