Category Archives: Syndicated
Amazon to pay over $30 million in FTC settlements over Ring, Alexa privacy violations
(CNBC) Amazon will pay the Federal Trade Commission more than $30 million to settle allegations of privacy lapses in its Alexa and Ring divisions, according to filings on Wednesday. The agency filed a lawsuit alleging Amazon’s Ring doorbell unit violated […]
Bitcoin falls ahead of debt ceiling vote, caps its first losing month of the year
(CNBC) Bitcoin fell Wednesday to cap its first down month of the year as optimism around the debt ceiling rally fizzled. The crypto market leader lost 2.77% to trade at $27,057.81, according to Coin Metrics. Ether slipped 2.2% to $1,865.82. […]
UBS sees increase in hedge fund bets by family office clients
(Hedgeweek) Heightened market volatility and economic uncertainty stemming from surging inflation and rising interest rates, not to mention ongoing geopolitical tensions, have prompted UBS Group AG’s family office clients to significantly increase their allocations to hedge funds, according to a […]
SS&C GlobeOp Forward Redemption Indicator up to 3.23% for May
(Hedgeweek) SS&C Technologies’ SS&C GlobeOp Forward Redemption Indicator for May 2023 measured 3.23%, an increase of 1.3% on April’s figure of 1.93%, and significantly ahead of the 1.97% recorded for the same period twelve months ago. To read this […]
Digital assets funds see sixth consecutive week of outflows
(Hedgeweek) Digital asset investment products saw outflows totalling $39 million, representing the sixth consecutive week of outflows which now total a combined $272 million, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares. To read this article:
A.I. poses human extinction risk on par with nuclear war, Sam Altman and other tech leaders warn
(CNBC) Artificial intelligence may lead to human extinction and reducing the risks associated with the technology should be a global priority, industry experts and tech leaders stated in an open letter. “Mitigating the risk of extinction from AI should be […]
Nvidia crosses into $1 trillion market cap before giving back gains
(CNBC) Nvidia hit a $1 trillion market cap at the open Tuesday before paring back gains, falling to $990 billion. Nvidia’s shares had to hold above $404.86 to maintain that distinction throughout the day. The stock gave back some of […]
Stock futures are little changed as traders await debt ceiling progress in Washington: Live updates
(CNBC) Stock futures were flat on Tuesday evening as investors kept an eye on the federal debt ceiling debate in Washington ahead of the final trading day of May. Futures tied to the Dow Jones Industrial Average dipped 31 points, […]
Debt ceiling bill clears key hurdle, teeing up final House vote before it goes to Senate
(CNBC) The compromise bill to raise the debt ceiling passed its first major test Tuesday night in the House Rules Committee, where it advanced to the House floor in a 7-6 vote, with two of the panel’s nine Republicans opposing […]
Goldman Sachs is cutting jobs again amid Wall Street deals slump
(CNBC) Goldman Sachs is preparing for its third round of layoffs since September as Wall Street firms adjust to a slump in deals activity. The company is expected to trim fewer than 250 jobs in the coming weeks, a person […]
Theranos founder Elizabeth Holmes reports to prison to begin sentence
(CNBC) Disgraced Theranos CEO Elizabeth Holmes reported to prison Tuesday to begin her more than 11-year sentence for defrauding investors about the capabilities of her company’s blood-testing technology. U.S. District Judge Edward Davila ordered Holmes to surrender no later than […]
Hedge fund investors pull record $11.6bn in April
(Hedgeweek) Hedge fund investors pulled $11.57 billion in April as the sector saw its biggest month of outflows so far this year, taking YTD outflows to £19.4 billion, according to eVestment’s latest Hedge Fund Industry Asset Flow Report. To read […]