Category Archives: Syndicated
Stock futures are little changed after Nasdaq’s third-straight winning day
(CNBC) Stock futures were slightly higher early Wednesday as Wall Street looked to build on what has been a positive start to 2023 so far. Futures tied to the Dow Jones Industrial Average ticked up 30 points, or 0.09%. S&P […]
Powell says Fed might have to make unpopular decisions to stabilize prices
(CNBC) Federal Reserve Chairman Jerome Powell on Tuesday emphasized the need for the central bank to be free of political influence while it tackles persistently high inflation. “Price stability is the bedrock of a healthy economy and provides the public […]
FTX’s venture backers included Patriots owner Robert Kraft and billionaire Paul Tudor Jones, new filings show
(CNBC) It wasn’t just Tom Brady and Gisele Bündchen. The roster of high-profile investors who lost money betting on crypto exchange FTX also included New England Patriots owner Robert Kraft and billionaire hedge fund manager Paul Tudor Jones, according to […]
Coinbase to slash 20% of workforce in second major round of job cuts
(CNBC) Coinbase is cutting about a fifth of its workforce as it looks to preserve cash during the crypto market downturn. The exchange plans to cut 950jobs, according to a blog post published Tuesday morning. Coinbase, which had roughly 4,700 […]
Flat December sees CTAs complete record year in 2022
(Hedgeweek) CTAs completed a record year in 2022 following broadly flat performance in December, according to data from Societe Generale, with the SG CTA Index down slightly at -0.15% for the month to finish with its best annual gain 20.07%. […]
Bridgewater cements position as China’s top foreign hedge fund
(Hedgeweek) Bridgewater Associates has cemented its position as the top foreign hedge fund operating in China after doubling its assets in the country last year to more than 20 billion yuan ($2.93 billion), according to a report by Reuters. To […]
Hedge fund fees fall to lowest level since 2008 financial crisis
(Hedgeweek) Hedge fund fees declined slightly in Q3 2022, with the average industry-wide management fee declining 1 basis point from the prior quarter to an estimated 1.35%, according the latest HFR Market Microstructure Report. To read this article:
Goldman Sachs is cutting up to 3,200 employees this week as Wall Street girds for tough year
(CNBC) Goldman Sachs is laying off fewer employees than feared, but the cut is still a deep one. The global investment bank is letting go of as many as 3,200 employees starting Wednesday, according to a person with knowledge of […]
Stock futures are flat after Nasdaq posts a second day of gains
(CNBC) Stock futures were barely changed Monday evening after the Nasdaq Composite posted a second day of gains, helped by Tesla and other tech shares. Futures tied to the Dow Jones Industrial Average, S&P 500 and Nasdaq 100 hovered just […]
Nasdaq notches second day of gains as investors buy beaten-up tech shares like Tesla
(CNBC) Gains in technology helped the Nasdaq Composite skirt losses on Monday as traders added to bets that inflation may be easing. The Nasdaq was the only major index to end the day up as it got boosted by a […]
Hedge funds up bets on Fed rate hike slowdown
(Hedgeweek) Hedge funds are increasing their bets against the US dollar as speculation grows that the US Federal Reserve is set to slow the pace of recent interest rate hikes aimed at curbing inflation, according to a report by Bloomberg. […]
Traders who bet against stocks made a killing in 2022, as short sellers netted $300 billion
(CNBC) Traders who shorted stocks won big in 2022, according to S3 Partners. Shorted stocks had a return of 30.8% in 2022, said Ihor Dusaniwsky, the firm’s managing director of predictive analytics. That means short sellers outperformed the broader market, […]