Category Archives: Syndicated
Griffin’s Citadel Securities sues former employees over stolen “trade secrets”
(Hedgeweek) Citadel Securities, the market-making firm founded by Ken Griffin, the founder of hedge fund Citadel, is suing two former employees, claiming that they stole “trade secrets” when they set up their own market-making firm for cryptocurrencies, according to a […]
Dallas Fed President Logan says current data doesn’t justify pausing rate hikes yet
(CNBC) Dallas Federal Reserve President Lorie Logan said Thursday that the economic data points so far don’t justify skipping a rate increase at the central bank’s next meeting in June. While noting some progress in bringing down inflation and cooling […]
Pershing Square takes new $1.1bn Alphabet stake
(CNBC) Pershing Square, the $15.5 billion hedge fund firm found by Bill Ackman, has built a new stake in Google parent Alphabet Inc worth $1.1 billion during the first quarter of the year, according to a report by Reuters. To […]
Deutsche Bank agrees to pay $75 million to Jeffrey Epstein victims to settle lawsuit
(CNBC) Deutsche Bank agreed to pay $75 million to victims of sex predator Jeffrey Epstein to settle a federal lawsuit accusing the bank of enabling and benefitting from its customer’s sex trafficking of young women, sources told CNBC on Wednesday […]
Stock futures are little changed as traders hope for a debt ceiling deal: Live updates
CNBC) U.S. stock futures were flat on Wednesday night as Wall Street hoped that the debt ceiling crisis would soon see a resolution. Dow Jones Industrial Average futures slipped by 28 points, or 0.08%. Futures linked to the S&P 500 and […]
Biden, McCarthy say U.S. won’t default as debt talks inch forward
(CNBC) Top leaders from both sides of the aisle reassured Americans on Wednesday that the U.S. won’t default on its debt as tense negotiations over the debt ceiling continued. “I think at the end of the day we do not […]
Target expects organized retail crime-fueled losses to jump by $500 million this year
(CNBC) Target said Wednesday that organized retail crime will fuel $500 million more in stolen and lost merchandise this year compared with a year ago. Target’s inventory loss, called shrink, totaled about $763 million last fiscal year, based on calculations […]
Goldman Sachs says A.I. could push S&P 500 profits up by 30% in the next decade
(CNBC) Goldman Sachs is bullish about artificial intelligence and believes the technology could help drive S&P 500 profits in the next 10 years. “Over the next 10 years, AI could increase productivity by 1.5% per year. And that could increase […]
Stock futures are slightly higher as Wall Street focuses on debt ceiling negotiations: Live updates
(CNBC) Stock futures are modestly higher Tuesday night as investors awaited news of developments in the negotiations between congressional leaders and President Joe Biden on the U.S. debt ceiling. Futures tied to the Dow Jones Industrial Average added 25 points, […]
Elizabeth Holmes loses latest bid to avoid prison and gets hit with $452 million restitution bill
(CNBC) Disgraced Theranos CEO Elizabeth Holmes appears to be soon bound for prison after an appeals court Tuesday rejected her bid to remain free while she tries to overturn her conviction in a blood-testing hoax that brought her fleeting fame and fortune. […]
Bitcoin has a ‘real problem’ in the US, says Tudor Jones
(Hedgeweek) A double-whammy of falling inflation and an unfriendly regulatory environment in the US has lessened bitcoin’s appeal, according to Paul Tudor Jones, founder of the $12 billion hedge fund firm Tudor Investment Corporation. To read this article:
Retail sales rose 0.4% in April, less than expected as consumers struggle with inflation
(CNBC) Consumers barely kept up with inflation in April, as retail sales increased but fell short of expectations, the Commerce Department reported Tuesday. The advanced sales report showed an increase of 0.4%, below the Dow Jones estimate for 0.8%. Excluding […]