Category Archives: Syndicated

Digital assets funds end six-weeks of inflows with $30m outflows

(Hedgeweek) Digital asset investment products saw outflows totalling $30 million last week, bringing to an end a six-week run of inflows, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares. To read this article:

Microsoft reports earnings beat, says A.I. will drive revenue growth

(CNBC) Microsoft shares rose 9% in extended trading on Tuesday after the software maker issued fiscal third-quarter results and quarterly guidance that exceeded analysts’ predictions. Here’s how the company did: Earnings: $2.45 per share, vs. $2.23 per share as expected […]

Citadel makes $27m bet against Deliveroo

(CNBC) Citadel, the hedge fund firm founded by Ken Griffin, is betting against Deliveroo and has opened up a £27 million short wager against the food delivery company, according to a report by The Daily Telegraph. To read this article:

Alphabet authorizes $70 billion buyback

(CNBC) Google parent company Alphabet said on Tuesday that its board of directors authorized $70 billion in share repurchases. If Google ends up spending the entire amount on buybacks, it would represent a continuation of last year’s pace. Alphabet announced […]

First Republic says deposits tumbled 40% to $104.5 billion in 1Q, but have stabilized since

(CNBC) Troubled regional bank First Republic said Monday that its deposits fell 40.8% to $104.5 billion in the first quarter, which saw the collapse of two other mid-sized banks and sparked fear from customers about widespread bank failures. The deposit […]

Coinbase sues SEC after months of silence from federal regulator

(CNBC) Crypto exchange Coinbase filed suit against the Securities and Exchange Commission on Monday, asking that the regulator be forced to publicly share its answer to a months-old petition on whether it would allow the crypto industry to be regulated […]

‘Crypto is dead in America,’ says longtime bitcoin bull Chamath Palihapitiya

(CNBC) Tech investor Chamath Palihapitiya, who said two years ago that bitcoin has replaced gold and predicted the digital currency would climb to $200,000, has a much more cautious view on cryptocurrencies these days. “Crypto is dead in America,” Palihapitiya […]

Apple declares ‘resounding victory’ after decision reached in Epic Games appeal

(CNBC) An appeals court on Monday mostly sided with Apple over its App Store rules in a suit with Epic Games. The decision signals that Apple’s control over the App Store and the fees it charges likely won’t significantly change […]

Billion dollar-plus hedge fund launches back at pre-pandemic levels

(Hedgeweek)At least four new hedge fund firms are on target to raise more than $1 billion by the end of this year, as fundraising returns to levels not seen since before the global pandemic, according to a report by Bloomberg. […]

Disney begins second, larger round of layoffs, bringing total to 4,000 jobs cut

(CNBC) Disney began its second, larger wave of layoffs Monday, bringing total job cuts in recent weeks to 4,000 when the latest round is completed. Earlier this year, Disney said it would slash 7,000 jobs from its workforce as part […]

Stock futures inch down as Wall Street awaits tech earnings: Live updates

(CNBC) Stock futures fell slightly on Sunday night as investors await a slew of corporate earnings from big tech companies, as well as fresh economic data releases.  Dow Jones Industrial Average futures fell by 45 points, or 0.13%. S&P 500 […]

MFA urges FTC to reconsider non-compete ban for alts asset management industry

(Hedgeweek) The Managed Funds Association (MFA), the global trade association representing the alternative asset management industry, has submitted a comment letter to the Federal Trade Commission (FTC) on the proposed rule to ban non-compete agreements.  To read this article: