Category Archives: Syndicated

FTX closes in on a deal to buy embattled crypto lender BlockFi for $25 million in a fire sale, source says

(CNBC) FTX is swooping in to buy crypto lender BlockFi for pennies on the dollar, sources told CNBC. The term sheet is almost over the finish line and expected to be signed by the end of the week, according to […]

Big technology stocks like Tesla, Amazon and Microsoft just finished their worst quarter in years

(CNBC) Investors lowered the valuations of the world’s largest technology companies in the second quarter as central bankers ratcheted up interest rates to ward off inflation. Big technology names became less valuable in the first quarter, with Russia’s invasion into […]

This was the worst first half for the market in 50 years and it’s all because of one thing — inflation

(CNBC) A multitude of factors conspired to generate the stock market’s worst first-half since 1970, but they all emanated from one word: inflation. The cost of living started the year running at levels the U.S. had not seen since the […]

Crypto hedge fund Three Arrows Capital plunges into liquidation as market crash takes toll

(CNBC) Major cryptocurrency hedge fund Three Arrows Capital has fallen into liquidation, a person with knowledge of the matter told CNBC, marking one of the biggest casualties of the latest so-called “crypto winter.” Teneo has been brought on board in […]

Powell vows to prevent inflation from taking hold in the U.S. for the long run

(CNBC) Federal Reserve Chair Jerome Powell vowed Wednesday that policymakers would not allow inflation to take hold of the U.S. economy over the longer term. “The risk is that because of the multiplicity of shocks you start to transition to […]

Crypto exchange CoinFlex probably won’t resume withdrawals Thursday as planned, says CEO

*CNBC) Embattled cryptocurrency exchange CoinFlex will probably not be able to let customers withdraw money again on Thursday as it originally planned, CEO Mark Lamb said on Wednesday. “We will need more time. And it’s unlikely that withdrawals will be […]

Hedge funds remain cautiously optimistic about their economic prospects

(Opalesque) According to AIMA Hedge Fund Confidence Index‘s Q2-2022 report, confidence levels reported by hedge funds remain upbeat despite continued economic and geopolitical headwinds impacting the global economy, including the war in Ukraine, consumer price inflation being at a 40-year […]

Where have all the shareholder activists gone? Campaigns slow amid market turmoil

(Reuters) Activist investors intent on shaking up Corporate America may be getting cold feet as new data points to a slowdown of campaigns as markets gyrate amid fears of faster rate hikes, runaway inflation and geopolitical turmoil. The marked decline […]

Digital assets funds see record US$423m outflows

(Hedgeweek) Digital asset investment products saw outflows totalling $423 million last week, the highest since records began by a considerable margin, according to the latest Digital Asset Fund Flows Weekly report from CoinShares. To read this article:

Russian war hits emerging markets hedge funds, says HFR

(Hedgeweek) Emerging Markets hedge funds extended Q1 declines through May, with losses driven by exposure to Russian assets as well as the impact of global inflation, rising US interest rates and slowing economic growth. To read this article:

Stock futures are flat after failed attempt at a rally

(CNBC) Stock futures were flat early on Wednesday after the major averages made a failed attempt at a bounce. Futures tied to the Dow Jones Industrial Average edged up 0.16% or 51 points, while the S&P 500 and the Nasdaq […]

Disney extends CEO Bob Chapek’s contract by three years

(CNBC) Disney has extended CEO Bob Chapek’s contract for three years, the company announced Tuesday. Chapek’s contract was set to expire in February next year, three years after he unexpectedly took the reins from Bob Iger. The board, which met […]