Category Archives: Syndicated
Sam Bankman-Fried’s crypto firms had deep ties to Voyager Digital and its bankruptcy wipeout
(CNBC) Sam Bankman-Fried became a crypto billionaire and one of the most famous players in the industry by building cryptocurrency exchange FTX into a top site used by traders and investors. His company was valued at $32 billion in January […]
Carried interest provision is cut from Inflation Reduction Act.
(CNBC) Senate Democrats passed a historic package of climate, healthcare and tax provisions on Sunday. But one proposed tweak to the tax code — a modification of so-called carried interest rules — didn’t survive due to objections from Sen. Kyrsten […]
Assets at Brevan Howard’s crypto hedge fund top $1bn
(Hedgeweek) Brevan Howard Asset Management’s BH Digital division has raised over $1 billion in assets for investment in cryptocurrencies and digital assets, according to a report by The Times Hub. To read this article:
Stock futures rise slightly as Wall Street awaits more earnings, inflation data
(CNBC) U.S. stock futures rose slightly on Monday night after Wall Street weighed the outlook for chip stocks, and looked ahead to more earnings results and inflation data that will determine the pace of future interest rate hikes. Dow Jones […]
Bed Bath & Beyond closes nearly 40% higher, AMC surges as meme chatter on message boards increases
(CNBC)Bed Bath & Beyond and AMC Entertainment surged Monday as meme traders seemed to be betting on the stock despite the lack of any apparent catalyst for the move. Shares of both heavily shorted stocks closed up nearly 40% and […]
Novavax cuts 2022 revenue guidance in half, stock tanks in after-hours trading
(CNBC) Novavax deeply cut its full-year revenue guidance Monday, with no new Covid-19 vaccine sales expected for 2022 in the U.S. or from an international alliance called Covax that represents low- and middle-income countries. The Maryland biotech company cut its […]
Consumers expect inflation to slow down, a big win for the Fed
(CNBC) The consumer outlook for inflation decreased significantly in July amid a sharp drop in gas prices and a growing belief that the rapid surges in food and housing also would ebb in the future. The New York Federal Reserve’s […]
Bankrupt crypto lending platform Celsius withdraws motion to hire CFO back at $92,000 a month
(CNBC) Embattled lending platform Celsius has withdrawn its motion to bring back ex-CFO Rod Bolger at $92,000 a month, prorated over a period of at least six weeks, according to a court document filed in the Southern District of New […]
Stock futures flat following S&P 500?s third winning week in a row
(CNBC) Stock futures were little changed early on Monday morning, following the S&P 500?s third straight weekly gain, as investors shifted focus to a key inflation report this week. Futures on the Dow Jones Industrial Average dipped 30 points or 0.09%. […]
Berkshire Hathaway reports operating earnings surge, but posts big investment loss amid market rout
(CNBC) Berkshire Hathaway’s operating profits jumped in the second quarter despite fears of slowing growth, but Warren Buffett’s conglomerate was not immune to the overall market turmoil. The conglomerate’s operating earnings — which encompass profits made from the myriad of […]
Danger ahead: The U.S. economy has yet to face its biggest recession challenge
(CNBC) You’d be hard-pressed now to find a recession in the rearview mirror. What’s down the road, though, is another story. There is no historical precedent to indicate that an economy in recession can produce 528,000 jobs in a month, […]
Tiger Global’s flagship fund down 50%
(Hedgeweek) Tiger Global’s flagship fund has ended Q2 with a 50% loss after fees on the back of the recent crash in tech stock prices, according to a report by The Financial Times. To read this article: