Category Archives: Syndicated

Crypto miners moved over $300 million of bitcoin in one day, and some are dropping out altogether

(CNBC) New data from blockchain analytics firm CryptoQuant shows that miners are rapidly exiting their bitcoin positions. 14,000 bitcoin, worth more than $300 million at its current price, was transferred out of wallets belonging to miners in a single 24-hour […]

From $25 billion to $167 million: How a major crypto lender collapsed and dragged many investors down with it

(CNBC) Celsius filing for bankruptcy last week surprised virtually no one. Once a platform freezes customer assets, it’s typically all over. But just because the fall of this embattled crypto lender didn’t come as a shock, doesn’t mean it wasn’t […]

Stock futures inch up after Dow reverses course to start a busy earnings week

(CNBC) Stock futures were slightly higher on Tuesday morning after the Dow Jones Industrial Average slumped more than 200 points during Monday’s session, reversing an earlier rally as earnings season continued in earnest. Dow Jones Industrial Average futures rose by […]

SS&C GlobeOp Hedge Fund Performance Index flat for June

(Hedgeweek) The gross return of the SS&C Technologies’ SS&C GlobeOp Hedge Fund Performance Index for June 2022 measured 0.00%. Hedge fund flows as measured by the SS&C declined -0.12% in July. To read this article:

Bank of America fined $225 million over unemployment benefits program

(CNBC) Federal regulators fined Bank of America $225 million for “botching the disbursement of state unemployment benefits at the height of the pandemic,” the subject of a CNBC investigation last year.  The Consumer Financial Protection Bureau fined the firm $100 […]

Stock futures rise as Wall Street awaits more major bank earnings

(CNBC) U.S. stock futures rose Friday morning after the Dow Jones Industrial Average declined following a disappointing start to second quarter earnings from the country’s largest banks. More major bank results are expected Friday from Wells Fargo and Citigroup. Dow […]

JPMorgan CEO Dimon sums up U.S. economy in one paragraph — and it sounds bad

(CNBC) JPMorgan Chase CEO Jamie Dimon on Thursday summarized the state of the U.S. economy in one paragraph, and it’s not all good. On the one hand, Dimon said the U.S. “economy continues to grow and both the job market […]

Pinterest shares soar after report that Elliott Management has acquired a 9% stake

(CNBC) Pinterest shares jumped over 20% in extended trading on Thursday after The Wall Street Journal reported that Elliott Management has accumulated a stake of over 9% in the company. Elliott, known for its activist investments, has been discussing unspecified […]

Viking hedge fund down 7% in H1 but ahead of Tiger Cub peers

(Hedgeweek) Viking Global Investors is down 7% for the first six months of 2022 but has still outperformed many of its Tiger Cub stock-picking peers, according to report by BNN Bloomberg. To read this article:

Hedge fund bet against Musk boosts Twitter shares

(Hedgeweek) Twitter shares have been given a boost following news that hedge fund Hindenburg Research has taken a stake in the firm on the basis that it sees a “strong case” against Elon Musk for moving to back out of […]

Stock futures are little changed after Wednesday’s session as Wall Street awaits bank earnings

(CNBC) Stock futures were little changed on Thursday morning as traders look ahead to earnings from major U.S. banks. Dow Jones Industrial Average futures shed 11 points, or 0.04%. S&P 500 futures were fractionally lower and Nasdaq 100 futures were […]

Embattled crypto lender Celsius files for bankruptcy protection

(CNBC) Crypto company Celsius has started the process of filing for Chapter 11 bankruptcy protection after a month of turmoil. In a Wednesday statement, Celsius said it would look to stabilize its business by restructuring in a way “that maximizes […]