Category Archives: Syndicated
FTX committed ‘old fashioned embezzlement,’ CEO tells lawmakers in blistering hearing
(CNBC) The House Financial Services Committee held a hearing Tuesday on the collapse of cryptocurrency exchange FTX following the Monday night arrest of founder Sam Bankman-Fried in the Bahamas as U.S. regulators released a slew of civil and criminal charges […]
The Fed has to portray itself as tough on inflation even as it pushes through a smaller rate hike
(CNBC) The Federal Reserve is expected to raise interest rates by a smaller half percentage point Wednesday yet signal that its battle with inflation is still far from over. The central bank is also slated to release new forecasts for […]
Bridgewater’s Dalio invests in submarines for the ultra-rich
(Hedgeweek) Ray Dalio, the billionaire founder and former boss of hedge fund Bridgewater Associates, has teamed up with Hollywood filmmaker James Cameron to acquire an equity stake in a company that makes submarines for ultra-wealthy clients, according to a report […]
Hedge funds returning to form as year-end approaches
(Hedgeweek) Hedge funds extended gains in November with the investable HFRI 500 Fund Weighted Composite Index advancing 0.8% for the month, as directional equity hedge and interest rate sensitive relative value arbitrage strategies led the way. To read this article:
Elon Musk is no longer the richest person in the world
(CNBC) Tesla CEO Elon Musk is no longer the richest person in the world. He ceded that title to LVMH chairman and CEO Bernard Arnault at the close on Monday, according to Forbes. Tesla shares closed down about 6.3% for […]
Stock futures are flat as investors await key November inflation report
(CNBC) Stock futures were flat early Wednesday as Wall Street braced for November’s key inflation report and the beginning of the Federal Reserve December policy meeting. Futures tied to the Dow Jones Industrial Average inched 0.01% lower, while futures connected […]
Sam Bankman-Fried has been arrested following FTX collapse. Here’s what happens next
(CNBC) Sam Bankman-Fried’s arrest in the Bahamas on Monday night marks the beginning of a new chapter in the FTX saga, one that will pit the former crypto billionaire against the Southern District of New York. The indictment is expected […]
FTX spent $256 million on Bahamas real estate — now the island’s government wants it back
(CNBC) Bahhamian lawyers say FTX executives Sam Bankman-Fried and Ryan Salame spent $256.3 million spent to buy and maintain 35 different properties across New Providence, Bahamas. Now, Bahamas regulators are trying to claw back the property from FTX’s U.S. bankruptcy […]
Consumer inflation expected to have continued cooling in November but still high
(CNBC) Economists expect the consumer price index rose by 0.3% in November, or at an annual pace of 7.3%, according to Dow Jones. That’s down from 7.7% in October. When excluding food and energy, core CPI was expected to climb […]
Rokos targets $3bn as macro fund set for record gains
(CNBC) Rokos Capital Management, the hedge fund run buy billionaire investor Chris Rokos, is locking to raise up to $3 billion in fresh capital on the back of record gains for its global macro fund, according to a report by […]
BKCoin co-founder fired for misappropriating investor funds
(Hedgeweek) Kevin Kang, the co-founder of crypto hedge fund BKCoin has been fired for allegedly misappropriating $12 million in investor money from three of the firm’s multi-strategy funds, according to a report by CoinDesk. To read this article
Stock futures slip to start the week with Fed meeting, key inflation data on deck
(CNBC) U.S. stock futures were modestly lower on Sunday evening ahead of a week with several anticipated events in the ongoing fight against inflation. Futures for the Dow Jones Industrial Average shed 50 points, or about 0.2%. Those for the […]