Category Archives: Syndicated
Ellis pockets biggest Man Group pay packet since 2008
(Hedgeweek) Man Group chief executive officer Luke Ellis earned $11.3 million in 2022 from his base salary, bonus payment and share grants, the largest pay packet of any Man Group head in the last 14 years, according to a report […]
Snap and META stock surges on report that Biden may ban TikTok
(CNBC) Shares in social media companies Snap and Meta jumped in after-hours trading on Wednesday after the Biden administration was reported to be considering banning TikTok in the U.S. unless Chinese tech giant ByteDance divests its stake. Snap shares surged […]
S&P 500 futures rise following a volatile session on Wall Street: Live updates
(CNBC) U.S. stock futures ticked up Thursday morning after investor fears of a widespread banking crisis led to a volatile trading session. Credit Suisse announced plans to borrow up to about $54 billion from Swiss National Bank. Dow Jones Industrial Average […]
Credit Suisse to borrow up to nearly $54 billion from Swiss National Bank
(CNBC) The decision comes shortly after shares of the lender fell sharply Wednesday, hitting an all-time low for a second consecutive day after its top investor Saudi National Bank said it won’t be able to provide further assistance. To read […]
One of the best ways to figure out what the Fed will do next is to look at regional bank stocks
(CNBC)Markets have changed their mind — again — about what they think the Federal Reserve will do next week regarding interest rates. In a morning where more banking turmoil emerged and stocks opened sharply lower on Wall Street, traders shifted […]
Stripe slashes valuation to $50 billion in new $6.5 billion funding round
(CNBC) Payment processor Stripe raised $6.5 billion at a $50 billion valuation, the company said Wednesday, a sharp discount from its record valuation of $95 billion in 2021. “Stripe does not need this capital to run its business,” the company […]
Dow futures trade flat following Tuesday’s bank stock comeback: Live updates
(CNBC) Stock futures were flat early Wednesday morning after bank shares rallied on Tuesday, and investors shook off fears that recent banking turmoil would spread to the broader sector. Futures tied to the Dow Jones Industrial Average dipped 10 points, […]
Private equity firms Apollo and KKR among those reviewing Silicon Valley Bank loans
(CNBC) Private equity firms Apollo Global Management and KKR are among the parties reviewing a book of loans held by Silicon Valley Bank. Two of those people said Apollo may be interested in acquiring a piece of the business at […]
Meta to lay off 10,000 more workers after initial cuts in November
(CNBC) Meta will lay off 10,000 more workers and incur restructuring costs ranging from $3 billion to $5 billion, the company announced Tuesday, with CEO Mark Zuckerberg warning economic instability could continue for “many years.” Meta shares closed up 7% […]
SVB’s failure will have a ripple effect across technology ‘for years to come’
(CNBC) Silicon Valley Bank was the backbone of many startups and venture capital funds around the world. The effects of its collapse, the biggest banking failure since the 2008 financial crisis, is likely to be felt across the technology landscape […]
Digital asset fund outflows hit weekly record of $255m
(Hedgeweek) Digital asset investment products saw outflows for the fifth consecutive week last week, totalling $255 million, the largest single weekly outflows on record representing 1.0% of total AuM, according to the latest Digital Asset Funds Flows Weekly report from […]
Hedge funds to profit from bank stock rout, says Goldman
(Hedgeweek) Hedge funds are set to profit from the rout in bank stocks triggered by the sudden demise of Silicon Valley Bank and Signature Bank thanks to bearish positions against the banking sector, according to a report by Reuters. To […]