Category Archives: Syndicated
Stock futures are flat as investors look ahead to Federal Reserve speakers
(CNBC) Stock futures are flat Thursday evening as investors responded to data that elevated concerns of a looming recession and looked ahead to a slate of Federal Reserve speakers scheduled for Friday. Futures tied to the Dow jones Industrial Average […]
Binance CEO Zhao brushes off $2.1 billion FTX clawback concerns
(CNBC) Binance Chief Executive Changpeng “CZ” Zhao dismissed concerns that his company could have $2.1 billion clawed back as a result of FTX’s bankruptcy proceedings, in an appearance Thursday morning on CNBC’s “Squawk Box,” and said he trusted his lawyers […]
No signs of crypto spilling over into traditional assets – yet, analyst says
(CNBC) There are “no signs of spillover” from cryptocurrency into more traditional assets, according to an investment analyst from AJ Bell. Billions of dollars were lost when the exchange FTX collapsed, raising questions about whether movements in the crypto sphere […]
Adobe stock climbs on a more profitable quarter than predicted
(CNBC) Adobe shares rose 6% in extended trading on Thursday after the design software maker announced fiscal fourth-quarter earnings and guidance that exceeded analysts’ expectations. To read this article:
Share of Americans living paycheck to paycheck rises to 63%
(CNBC) As rising prices continue to weigh on households, more families are feeling stretched too thin. As of November, 63% of Americans were living paycheck to paycheck, according to a monthly LendingClub report — up from 60% the previous month and near […]
Fed raises interest rates half a point to highest level in 15 years
(CNBC) The Federal Reserve on Wednesday raised its benchmark interest rate to the highest level in 15 years, indicating the fight against inflation is not over despite some promising signs lately. Keeping with expectations, the rate-setting Federal Open Market Committee […]
Stock futures mixed following Fed update and ahead of more economic data
(CNBC) Stock futures were mixed Thursday morning following the Federal Reserve’s latest policy update. Futures tied to the Dow Jones Industrial Average added 44 points. S&P 500 futures inched up 0.1% and Nasdaq 100 futures were fractionally lower. In regular […]
New FTX CEO is getting paid $1,300 an hour, and customers will foot the bill
(CNBC) FTX CEO John J. Ray is leaning on a team that he’s grown to know over years of bankruptcy restructurings, and the company is paying them millions for the work that they’re doing to unpack FTX’s tangled morass of […]
FTX insider turned on Sam Bankman-Fried days before bankruptcy, flagging potential fraud to regulators
(CNBC) Days before FTX’s bankruptcy filing last month, co-CEO Ryan Salame told Bahamian authorities that founder Sam Bankman-Fried may have committed fraud by sending customer money from the crypto exchange to his other firm, Alameda Research. According to a filing […]
Elon Musk sells another huge chunk of Tesla shares
(CNBC) Tesla CEO Elon Musk sold about 22 million more shares in his electric vehicle business, which were worth around $3.6 billion, according to a financial filing out Wednesday night. The transactions took place between Monday and Wednesday this week according to the […]
Texas Teachers’ pension fund benefits from winning Citadel and Man bets
(Hedgeweek) The Teacher Retirement System of Texas (Texas Teachers), one of the largest pension funds in the US, has benefitted from a number of winning hedge fund bets placed by the likes of Citadel and Man Group, according to a […]
Sam Bankman-Fried diverted FTX customer funds to donate to political campaigns, authorities charge
(CNBC) Federal authorities on Tuesday charged FTX co-founder Sam Bankman-Fried with using what they said was tens of millions of dollars of misappropriated customer funds to make illegal political donations to both Democratic and Republican candidates. Prosecutors said one of […]