Category Archives: Syndicated
MFA urges SEC to withdraw amendments to custody rule
(Hedgeweek) he Managed Funds Association (MFA) has submitted a comment letter to the US Securities and Exchange Commission (SEC) calling for the proposed custody rule to be withdrawn and only re-proposed after addressing fundamental flaws with the proposal and conducting […]
Emerging managers prioritise headcount and fintech investment for growth in 2023
Hedgeweek) Emerging alternative investment managers are prioritising the acquisition of top talent, and investments in third-party data providers and technology platforms as they look to grow their businesses in 2023, according to a new report by alternative investments fintech Dynamo […]
Hedge funds post gains in April as managers navigate banking turmoil
(Hedgeweek) Hedge funds posted gains in April as managers navigated the banking turmoil and volatility that accelerated throughout the month and extended into May with the closure and distressed acquisition of First Republic Bank, according to HFR. To read this […]
Goldman Sachs to pay $215 million to end gender bias lawsuit
(CNBC) Goldman Sachs Group agreed to pay $215 million to settle a class action alleging widespread bias against women in pay and promotions, ending one of the highest-profile lawsuits claiming unequal treatment of women on Wall Street. The settlement disclosed […]
Stock futures are higher as investors await key inflation report: Live updates
(CNBC) Stock futures were all higher in overnight trading as Wall Street braced for a key inflation report. Futures tied to the Dow Jones Industrial Average added 13 points, or 0.04% while S&P 500 futures and Nasdaq-100 futures climbed 0.07% […]
Bittrex files for bankruptcy, and Irish official equates crypto to ‘Ponzi schemes’
(CNBC) To watch this video on CNBC’s Crypto World Click Here:
Airbnb drops 10% after earnings report offers cautious outlook for second quarter
(CNBC) Shares of Airbnb fell as much as 10% in extended trading Tuesday despite first-quarter earnings that beat analyst estimates on the top and bottom lines, as it offered slightly weaker-than-expected guidance and a cautious outlook for the current quarter. To read […]
Fed’s John Williams says rates could be increased if inflation doesn’t come down
(CNBC) New York Federal Reserve President John Williams on Tuesday cautioned that interest rate increases will take a while to work their way through the economy before inflation returns to an acceptable level. The central bank official gave no forecast […]
Fed report shows banks worried about conditions ahead, with focus on slowing economy and deposit outflows
(CNBC) Tumult in mid-sized institutions caused banks to tighten lending standards both to households and businesses, potentially posing a threat to U.S. economic growth, according to a Federal Reserve report Monday. The Fed’s quarterly Senior Loan Officer Opinion survey said […]
S&P 500 futures are flat as investors await closely followed inflation data: Live updates
(CNBC) S&P 500 futures are little changed Monday night as investors readied for key inflation reports due later in the week. Futures tied to the Dow Jones Industrial Average lost 12 points, or 0.04%. S&P 500 futures inched down by […]
Alphabet to unveil A.I. updates at Google I/O, showing off creative writing and coding capabilities
(CNBC) Artificial intelligence is going to be a central theme at Google’s annual developer conference on Wednesday, as the company is planning to announce a number of generative AI updates, including launching a general-use large language model (LLM). To read […]
Lucid posts a wider loss as demand concerns linger, says it has enough cash to last into 2024
(CNBC) Luxury electric vehicle maker Lucid Group on Monday reported a wider first-quarter loss, but said that it still has enough cash to continue operations into next year. Shares were down over 8% in after-hours trading following the news. To […]