Category Archives: Syndicated
AMC shares hit 52-week low as recent moves and gimmicks fail to win over investors
(CNBC) Branded credit cards and a pay freeze for its CEO have done little to assuage AMC Entertainment shareholders’ growing concerns, as the movie theater chain’s stock hit a fresh 52-week low Wednesday. Shares of AMC have fallen more than […]
The fintech reckoning is upon us. Here’s what to expect next year
(CNBC) Bill Harris, former PayPal CEO and veteran entrepreneur, strode onto a Las Vegas stage in late October to declare that his latest startup would help solve Americans’ broken relationship with their finances. “People struggle with money,” Harris told CNBC […]
New York ups cap on pension scheme hedge fund and PE assets
(Hedgeweek) New York State and New York City pensions funds can now increase the allocations they make to alternative investments asset classes including hedge and private equity funds following the signing of a new bill by Governor Kathy Hochul, according […]
Stock futures are flat as investors look to new year
(CNBC) Stock futures are near flat Tuesday evening as traders look to the end of a losing year and prepare for 2023. Futures tied to the Dow Jones Industrial Average added 11 points, trading near flat. S&P 500 and Nasdaq […]
Crypto Investment Firm Midas Shutting Down Platform Following Losses
(Coin Desk) The collapse of Celsius and FTX led to more than 60% of Midas’ assets under management being withdrawn. To read this article:
Citadel planning to return $7bn in profits to clients
(Hedgeweek) Citadel, the hedge fund firm founded by billionaire investor Ken Griffin, is planning to return about $7 billion in profits to investors in the first week of the New Year after generating bumper returns in 2022, according to a […]
Short sellers see $304bn in gains after fall in US stocks
(Hedgeweek) Short sellers are on track for their first annual gain since 2018 on the back of a steep decline in US equities this year coupled with bets against megacap stocks including Tesla and Amazon.com, according to a report by […]
Hedge fund redemptions gathered pace in October
(Hedgeweek) October redemptions from hedge funds outpaced subscriptions by -$52.97 billion, resulting in a 1.12% contraction of industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge. To read this article:
Stock futures are flat on Friday morning
(CNBC) Stock futures inched up in early morning trading Friday. Futures tied to the Dow Jones Industrial Average gained 50 points, or 0.15%. S&P 500 and Nasdaq 100 futures were up 0.12% and 0.03%, respectively. The overnight moves followed another […]
FTX founder Sam Bankman-Fried to be released on $250 million bail, will live with his parents
(CNBC) FTX founder Sam Bankman-Fried was released on $250 million bond while awaiting trial for fraud and other criminal charges, a New York federal judge ruled Thursday. Bankman-Fried stepped out of U.S. District Court in Manhattan, flanked by his parents, […]
Ex-Alameda Research boss pleads guilty to multiple criminal charges
(Hedgeweek) The former boss of failed digital assets hedge fund Alameda Research and another senior executive associated with Sam Bankman-Fried’s collapsed digital assets empire have pleaded guilty to multiple criminal charges, according to a report by CNN. To read this […]
Tesla shares slid nearly 9% on demand concerns, Elon Musk’s Twitter distraction
(CNBC) Shares in electric vehicle maker Tesla dropped by almost 9% on Thursday as analysts grow increasingly uncertain of the company’s outlook. The stock is down nearly 70% year-to-date. After the bell Wednesday, Canaccord Genuity trimmed its price target for the […]