Category Archives: Syndicated

Global chip stocks from Nvidia to ASML fall on geopolitics, Trump comments

(CNBC) Global chip stocks fell sharply, with ASML, Nvidia and TSMC posting declines amid reports of tighter export restrictions from the U.S. and a ramp-up of geopolitical tensions fueled by comments from former U.S. President Donald Trump.ASML’s Netherlands-listed shares were down 11%, while Tokyo Electron shares in Japan […]

Stock futures rise slightly after Nasdaq’s worst day since 2022: Live updates

(CNBC) U.S. stock futures inched higher Wednesday evening after the Nasdaq Composite’s worst session since 2022 amid investors’ rotation out of big tech high-flyers. Dow Jones Industrial Average futures rose 68 points, or 0.16%. S&P 500 futures and Nasdaq 100 futures […]

Ethereum co-founder warns against voting only on ‘pro-crypto,’

(CNBC) Ethereum co-creator Vitalik Buterin on Wednesday cautioned against voting for political candidates based solely on whether they have adopted a “pro-crypto” stance. “The game of politics is much more complicated than just ‘who wins the next election’, and there […]

Former Platinum Partners boss avoids prison following fraud conviction

(Hedgeweek) Mark Nordlicht, the founder of the now-defunct Platinum Partners hedge fund, has been sentenced to six months of home confinement for his role in a scheme to defraud bondholders of an oil and gas company, according to report by […]

Long-short equity strategies continue to outperform in Q2

(Hedgeweek) Equity long-short strategies outperformed others with average gains of 2.7% for the second quarter of the year with global macro managers in particular underperforming, according to investment firm and ETF sponsor Unlimited’s Hedge Fund Barometer. To read this article:

Dow futures are little changed after index posts best day since June 2023: Live updates

(CNBC) Dow futures are expected to rise on Wednesday after the 30-stock index posted its best day since June 2023. Futures tied to the Dow Jones Industrial Average gained 0.03%. S&P 500 futures inched lower by 0.21%, while Nasdaq 100 futures ticked down by 0.41%. […]

Bank of America shares jump 5% after saying net interest income rebound is coming

(CNBC) Bank of America said profit slipped 6.9% from the year earlier period to $6.9 billion, or 83 cents a share, as the company’s net interest income declined amid higher interest rates. Revenue climbed less than 1% to $25.54 billion.mThe […]

Morgan Stanley tops estimates on stronger-than-expected trading and investment banking

(CNBC) The bank said profit surged 41% from the year-earlier period to $3.08 billion, or $1.82 per share, helped by a rebound in Wall Street activity. Revenue rose 12% to $15.02 billion. Shares of the bank had declined earlier in […]

Segantii returns over 90% of client capital in two months

(Hedgeweek) Segantii Capital Management has returned more than 90% of its client capital, just under two months after informing investors of its decision to return their funds, according to a report by the Business Times citing unnamed sources familiar with […]

Fraud allegations prompt ex-Jefferies fund manager to resign after two weeks in new role

(Hedgeweek) Jordan Chirico, a former portfolio manager at Jefferies Financial, has resigned from his new role at restaurant franchiser FAT Brands, just two weeks amid serious fraud allegations linked to his previous position, according to a report by Bloomberg. To […]

Digital assets funds see with largest week of inflows at $1.44bn

(Hedgeweek) Digital asset investment products saw further buying on price weakness with inflows of $1.44bn, the fifth highest weekly total on record, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares. To read this article:

Hedge fund software bets fall to record low

(Hedgeweek) Global hedge funds have reduced their exposure to US software stocks to “new multi-year lows” following a broader sell-off in the technology sector, according to a report by Reuters citing a recent note from Morgan Stanley’s prime brokerage division. […]