Category Archives: Syndicated

FTX founder Sam Bankman-Fried agrees to testify at U.S. House hearing on Tuesday

(CNBC) FTX founder Sam Bankman-Fried has agreed to testify before the House Financial Services Committee at a hearing about the crypto exchange’s collapse on Tuesday, he said in a series of tweets Friday morning. There’s been a lot of back […]

Crypto.com CEO has history of red flags including bankruptcy and quick exits

(CNBC) Kris Marszalek wants everyone to know that his company, Crypto.com, is safe and in good hands. His TV appearances and tweets make that clear. It’s an understandable approach. The crypto markets have been in freefall for much of the […]

Third Point seeking Bath & Body Works board changes after acquiring 6% stake

(Hedgeweek) Third Point, the hedge fund firm run by billionaire investor Daniel Loeb, is to push for changes in the boardroom at Bath & Body Works, after building a stake of just over 6% in the retailer, according to a […]

Supreme Court takes Coinbase appeal over crypto lawsuits

(CNBC) The Supreme Court has agreed to hear an appeal by the major crypto exchange Coinbase which is seeking to have two customer lawsuits against the company resolved by private arbitration, not by a federal court. “We are gratified the […]

FTX spokesman Kevin O’Leary says he lost his $15 million payday from crypto firm

(CNBC) Investor, “Shark Tank” judge and CNBC contributor Kevin O’Leary said Thursday he’s lost all of the $15 million FTX paid him to act as a spokesman for the now-collapsed crypto exchange that some have called fraudulent. O’Leary and other […]

Stock futures are slightly higher as traders look ahead to November wholesale inflation report

(CNBC) Stock futures were slightly higher Thursday evening as investors look ahead to new inflation data due Friday. Futures tied to the Dow Jones Industrial Average rose 15 points, or 0.04%. S&P 500 futures and Nasdaq 100 futures were up […]

Activist investor calls for BlackRock CEO Fink to step down over ESG ‘hypocrisy’

(CNBC)BlackRock CEO Larry Fink is facing calls to step down from activist investor Bluebell Capital over the company’s alleged “hypocrisy” on its environmental, social and governance (ESG) messaging. Fink has become an outspoken proponent of “stakeholder capitalism” and in his […]

House Financial Services Chair Waters doesn’t plan to subpoena Sam Bankman-Fried to testify at hearing on FTX collapse

(CNBC) House Financial Services Committee Chair Maxine Waters told the panel’s Democrats she doesn’t plan to subpoena former FTX CEO Sam Bankman-Fried to testify at a Dec. 13 hearing about the crypto exchange’s rapid demise, according to people with direct […]

Google, Oracle, Amazon and Microsoft awarded Pentagon cloud deal of up to $9 billion combined

(CNBC) The Pentagon said Wednesday that Amazon, Google, Microsoft and Oracle received a cloud-computing contract that can reach as high as $9 billion total through 2028. The outcome of the Joint Warfighting Cloud Capability, or JWCC, effort is in line […]

Hedge fund redemptions spike in September, but slow quarter on quarter

(Hedgeweek) Hedge fund redemptions grew in September to $48.59 billion (0.98% of industry assets), according to the Barclay Fund Flow Indicator published by BarclayHedge. A $185.16 billion trading loss during the month brought total hedge fund industry assets to $4.71 […]

Citadel YTD returns hit 32% following November gain

(Hedgeweek) Citadel, the hedge fund firm founded by billionaire investor Ken Griffin, saw its YTD gains reach 32% following another month of positive performance in November, according to a report by CNBC. To read this article:

FTX contagion spreads as hedge fund Orthogonal Trading defaults on $36m of debt

(Hedgeweek) Orthogonal Trading has become the latest victim of the fallout from the sudden collapse Sam Bankman-Fried’s crypto exchange FTX and trading house Alameda Research, with the cryptocurrency hedge fund having been declared in default on almost $36 million of […]