Category Archives: Syndicated
Sam Bankman-Fried pleads not guilty to federal fraud charges in New York
(CNBC) Sam Bankman-Fried pleaded not guilty in New York federal court Tuesday to eight charges related to the collapse of his former crypto exchange FTX and hedge fund Alameda Research. The onetime crypto billionaire was indicted on charges of conspiracy […]
Regulators warn U.S. banks on crypto risks including ‘fraud and scams’ after FTX collapse
(CNBC) U.S. banking regulators warned financial institutions on Tuesday that dealing with cryptocurrency exposes them to an array of risks, including scams and fraud. “The events of the past year have been marked by significant volatility and the exposure of […]
Tesla shares tumble more than 12% following deliveries report
(CNBC) Shares of Tesla closed down 12% on Tuesday, a day after the electric auto maker reported fourth-quarter vehicle production and delivery numbers for 2022 that fell shy of analysts’ expectations and the company’s stated goals. Deliveries are the closest […]
FTX founder Sam Bankman-Fried to plead not guilty at scheduled New York City arraignment: reports
(FOXNEWS) The 30-year-old cryptocurrency entrepreneur’s next court appearance is scheduled for Tuesday at the U.S. District Court in Manhattan, where The Wall Street Journal first reported Friday Bankman-Fried will likely appear in person to enter a not guilty plea. To […]
Stock futures fall ahead of the first trading week of the new year
(CNBC) Stock futures fell Monday evening as traders braced themselves for a flurry of economic data and the minutes from the latest Federal Reserve meeting this week to kick off the new year. Futures tied to the Dow Jones Industrial […]
SS&C GlobeOp Forward Redemption Indicator at 4.35% for December
(Hedgeweek) The SS&C GlobeOp Forward Redemption Indicator for December 2022 measured 4.35%, up from 3.39% in November. To read this article:
The boldest bitcoin calls for 2023 are out — and a 1,400% rally or a 70% plunge may be on the cards
(CNBC) 2022 was a rough year for crypto. More than $1.3 trillion was wiped off the value of the market. And bitcoin, the world’s largest digital coin, saw its price slump more than 60%. Investors were caught off guard by […]
Tesla reports 1.31 million deliveries in 2022, growth of 40% over last year
(CNBC) Deliveries are the closest approximation of sales disclosed by Tesla. These numbers represented a new record for the Elon Musk-led automaker and growth of 40% in deliveries year-over-year. However, the fourth quarter numbers fell shy of analysts’ expectations. To read […]
Fed expected to slow rate hiking to a quarter point but will stay unrelenting in inflation battle
(CNBC) The Federal Reserve is expected to raise interest rates by just a quarter point but also likely signal it will stay vigilant in its fight against inflation even as it reduces the size of the hikes. The Fed releases […]
S&P 500 futures rise slightly as Wall Street heads into the final trading days of 2022
(CNBC) S&P 500 futures rose slightly on Wednesday night, as investors head into the final trading days of 2022. Dow Jones Industrial Average futures added 29 points, or 0.09%. S&P 500 and Nasdaq 100 futures climbed 0.14% and 0.23%, respectively. […]
FTX diverted $200 million of customer money for two venture deals that caught the SEC’s attention
(CNBC) Of the billions of dollars in customer deposits that disappeared from FTX in a flash, $200 million was used to fund investments in two companies, according to the Securities and Exchange Commission, which charged founder Sam Bankman-Fried with “orchestrating […]
Elon Musk tells Tesla employees don’t be ‘bothered by stock market craziness’
(CNBC) Musk circulated the comments on Wednesday in a companywide email, which CNBC obtained. He told staffers that Tesla needs to “demonstrate continued excellent performance,” and that “long-term, I believe very much that Tesla will be the most valuable company […]