HedgeCo Insights

(CNBC) Tron blockchain founder Justin Sun has invested $30 million into Donald Trump’s crypto project, World Liberty Financial, he announced Monday. “We are thrilled to invest $30 million in World Liberty Financial @worldlibertyfi as its largest investor,” Sun wrote in a post on X. Sun […]

(CNBC) Rumble, a video platform aimed at conservatives, said Monday evening that it will begin allocating a portion of its excess cash reserves to bitcoin and making purchases of up to $20 million in the cryptocurrency. Shares rose nearly 4% in extended […]

(CNBC) Stock market futures rose and Treasury yields tumbled early Monday following the announcement late Friday that Trump would pick Scott Bessent, a familiar Wall Street figure, to take on his administration’s most important economic role. The move sent a message that […]

(CNBC) Trump’s choice of hedge fund executive Scott Bessent as Treasury secretary has calmed investors’ nerves about the future of the U.S. economy. Bessent, the founder of Key Square Group, is expected to back the incoming president’s economic goals including gradual tariffs […]

(CNBC) Zoom’s revenue grew about 4% year over year in the quarter, which ended on Oct. 31, according to a statement. Zoom has increased revenue in the single digits for two and a half years, a sharp departure from 2020 and […]

(CNBC) President-elect Donald Trump plans to raise tariffs by an additional 10% on all Chinese goods coming into the U.S., according to a post on his social media platform Truth Social. The post immediately followed one in which Trump said his first of […]

(CNBC) U.S. stock futures climbed Sunday night as Wall Street kicked off a shortened Thanksgiving trading week. Markets are closed on Thursday for Thanksgiving Day and end early on Friday. Dow Jones Industrial Average futures rose 211 points, or 0.5%. Futures […]

(CNBC) Bernie Moreno’s rise from unsung Ohio businessman to prominent political leader was no accident. His campaign was backed by $40 million from the cryptocurrency industry as part of a highly targeted effort to get friendly candidates elected. In total, […]

(Hedgeweek) Citadel founder Ken Griffin is open to the future sale of a minority stake in the multi-strategy hedge fund firm, according to a report by Reuters citing remarks made by the 56-year-old late last week at the Economic Club […]

(CNBC) President-elect Donald Trump signaled Friday his intention to nominate hedge fund executive Scott Bessent as his Treasury secretary, in a move that puts a seasoned market pro and a close Trump loyalist in a critical economic position. The founder […]

(CNBC) The bitcoin rally is generating a false sense of security among investors, according to the strategist behind the so-called granddaddy of gold exchange-traded funds. State Street Global Advisors’ George Milling-Stanley warns cryptocurrency plays don’t offer the stability of gold. To read […]

(CNBC) The power needs of artificial intelligence and cloud computing are growing so large that individual data center campuses could soon use more electricity than some cities, and even entire U.S. states. The electricity consumption of data centers has exploded […]