Category Archives: Syndicated
Stock futures slide after major averages extend losses to start the week
(CNBC) Stock futures fell Tuesday morning, reversing directions after the Bank of Japan announced to widen its yield target range. Futures tied to the Dow Jones Industrial Average lost 236 points, or 0.72%. S&P 500 futures and Nasdaq 100 futures […]
FTX founder Bankman-Fried sent back to Bahamas jail in day of courtroom chaos
(CNBC) FTX founder Sam Bankman-Fried was sent back to a Bahamas jail Monday in a chaotic courtroom scene, after a reported plan for him to waive his extradition to the U.S. stalled. However, multiple media reports later in the day […]
Disney shares fall following softer-than-expected ‘Avatar’ opening weekend
(CNBC) Shares of Disney dropped on Monday following a weaker-than-expected opening box office weekend for James Cameron’s “Avatar: The Way of Water.” Disney shares closed down more than 4% at $85.78, after hitting a 52-week low. The company has seen […]
Amazon stock gives up last of its pandemic gains after almost 50% slump in 2022
(CNBC) Amazon’s stock price has lost all of its pandemic-fueled gains, falling back to where it was trading when Covid-19 started shutting down the U.S. economy. On Monday, the e-retailer’s shares dropped 3.4% to $84.92, the lowest close since March […]
Hedge fund investors bet on credit comeback
(Hedgeweek) Despite notching up average annualised returns of -6.9% up to the end of September, credit hedge funds are finding favour with investors with 41 per cent saying they want to increase their exposure to the strategy, according to report […]
S&P 500 to struggle for up to three years, says Peconic CIO
(Hedgeweek) Bill Harnisch, the chief investment officer at hedge fund Peconic Partners, is forecasting that stocks will struggle in the coming years, with the S&P 500 trapped in a band between 2,500 and 4,400 for the next 18-36 months, according […]
Big hedge fund firms pull in cash and talent in 2022
(CNBC) The world’s largest hedge fund firms are attracting the lion’s share of investor allocations and the brightest talent according to a report by Bloomberg, with 2023 set to be a pivotal year for the $4 trillion industry. To read […]
CFTC sues Glen Point and founder Philips over alleged illegal options trading scheme
(Hedgeweek) The US Commodity Futures Trading Commission (CFTC) has filed a lawsuit against hedge fund Glen Point Capital and its founder Neil Phillips over an alleged scheme to illegally trigger payouts on two options contracts totaling $30 million. To read […]
Sam Bankman-Fried will now surrender himself for extradition before Bahamian court Monday: Source
(CNBC) FTX founder and former CEO Sam Bankman-Fried will no longer contest extradition to the U.S., an about-face just days after he was remanded to Bahamian jail pending a hearing, a person familiar with the matter told CNBC. The former […]
Stock futures are flat after major averages post consecutive weekly losses
(CNBC) Stock futures were flat in overnight trading Sunday after the major averages posted their second straight week of losses for the first time since September. Investors also struggled to shake off recession fears. Futures tied to the Dow Jones […]
How Sam Bankman-Fried swindled $8 billion in customer money, according to federal prosecutors
(CNBC) Before his surprise Monday night arrest, Sam Bankman-Fried had apologized for everything he could think of, to everyone who would listen. In a leaked draft of his aborted House testimony, he wrote that he was truly, for his entire […]
The FTX disaster has set back crypto by ‘years’ — here are 3 ways it could reshape the industry
(CNBC) The collapse of FTX, once a $32 billion crypto exchange, has shattered investor confidence in cryptocurrencies. Market players are trying to gauge the extent of damage it has caused — and how it will reshape the industry in the […]