Category Archives: Syndicated

Elon Musk tweets SpaceX will ‘keep funding Ukraine govt for free’ amid Starlink controversy

(CNBC) Elon Musk said in a tweet Saturday that his company SpaceX would continue to fund Starlink satellite internet terminals for the Ukrainian government as it battles invading Russian forces. “The hell with it,” the billionaire tweeted, “even though Starlink is […]

Twitter seeking documents related to federal investigation of Elon Musk

(CNBC) Twitter said in a court filing released on Thursday that it’s trying to obtain documents from Elon Musk related to a federal investigation into the Tesla CEO’s $44 billion bid for the company. Lawyers representing Twitter said the company […]

Tether, world’s biggest stablecoin, cuts its commercial paper holdings to zero

(CNBC) Tether, the world’s largest stablecoin, has slashed back its commercial paper holdings to zero, replacing them with U.S. Treasury bills instead, according to a blog post. The popular U.S.-dollar-pegged cryptocurrency said the move is part of tether’s “ongoing efforts […]

Stock futures are flat ahead of Friday’s big bank earnings

(CNBC) Stock futures were little changed Thursday night as investors turned their attention to big bank earnings after the major averages staged a historic turnaround rally. Futures tied to the Dow Jones Industrial Average added 20 points, or 0.07%. S&P […]

Inflation increased 0.4% in September, more than expected despite rate hikes

(CNBC) Prices consumers pay for a wide variety of goods and services rose more than expected in September as inflation pressures continued to weigh on the U.S. economy. The consumer price index increased 0.4% for the month, more than the […]

Hedge funds remain bullish on dollar

(Hedgeweek) Despite the US dollar having jumped by nearly 20 per cent so far this year, hedge funds still think there’s more to come from the greenback as the US Federal Reserve ,looks to curb inflation with tighter monetary policy, […]

Bridgewater founder Dalio forecasts ‘perfect storm’ for economy

(Hedgeweek) Ray Dalio, the hedge fund veteran who recently handed over control of Bridgewater Associates – one of the world’s biggest hedge funds – to a “new generation” of investors, believes a ‘perfect storm’ is brewing for the economy, according […]

Fed officials expect higher rates to stay in place, meeting minutes show

(CNBC) Federal Reserve officials have been surprised at the pace of inflation and indicated at their last meeting that they expect higher interest rates to remain in place until prices come down, according to minutes released Wednesday from the central […]

Crypto prices are higher ahead of key inflation data, bitcoin holds at $19,000

(CNBC) Cryptocurrencies were slightly higher on Wednesday after investors shrugged off a higher-than-expected inflation report in anticipation of another key inflation indicator due to come out on Thursday. The price of bitcoin edged higher by about 0.4% and was trading […]

Cash is king again as money managers are in no rush to embrace risk with Fed raising rates

(CNBC) Cash, one of the most hated corners of the market for years, is getting some newfound love from money managers as the Federal Reserve’s firm commitment to rate hikes roiled nearly every other asset class. Global money market funds […]

Consumer inflation expected to have run hot in September, boosted by rent

(CNBC) Stoked by rising rent costs, consumer inflation is expected to have remained hot in September but slightly lower than August’s pace. The consumer price index will be released Thursday at 8:30 a.m. ET, and it will be closely watched […]

Inflation cut in half: Moody’s Analytics’ Mark Zandi sees major relief within six months

(CNBC) The U.S. will see inflation cut in half within six months, according to Mark Zandi of Moody’s Analytics. His call, which comes on the cusp of another key inflation report, hinges on oil prices staying at current levels, supply […]