Category Archives: Syndicated
Elon Musk takes aim at President Biden after he fails to mention Tesla during State of the Union
(CNBC) President Joe Biden touted the combined $18 billion investments by Ford and GM to build electric vehicles. Tesla, an electric automaker giant, wasn’t mentioned. Musk later tweeted directly to Biden saying “Tesla has created over 50,000 US jobs building […]
With inflation and Ukraine, Powell must thread a needle on Capitol Hill this week to calm markets
(CNBC) Federal Reserve Chairman Jerome Powell is tasked with telling Congress this week that the central bank will be doing more to control inflation at a time when markets expect it will be doing less. With fears over the Russian […]
Stock futures rise as oil prices continue jumping amid ongoing conflict in Ukraine
(CNBC) Stock futures inched higher on Tuesday night as oil prices continued to surge amid the ongoing conflict between Russia and Ukraine. Futures tied to the Dow Jones Industrial Average rose 123 points, or 0.37%. S&P 500 and Nasdaq 100 […]
Man Group AUM up 20 per cent in 2021
(Hedgeweek) Man Group has reported an increase in Assets under management (AUM) of 20 per cent to $148.6 billion for the year ended 31 December. To read this article:
Digital asset hedge fund manager: “We are at the early stages of an innovative explosion”
(Opalesque) According to the hedge fund managers at London-based Balliol Road Investments, buying collateral and payment network assets like Bitcoin should become a national strategic priority. “Distributed Ledger Technologies (DLTs) are rapidly becoming the technological foundation of a new class […]
New Proposal Makes it Easier to Sue Hedge Funds Than Mutal Funds For Negligence.
(HedgeWeek) The US Securities & Exchange Commission has proposed a rule change that would make it easier for investors to sue hedge funds for negligence than it is to sue mutual funds, according to a report by Risk.Net. To read […]
Stock futures rise ahead of first trading day of March, Russia-Ukraine conflict in focus
(CNBC) U.S. stock futures rose in overnight trading on Monday before the first trading day of March as investors continue to monitor the fighting between Russia and Ukraine. Dow futures rose about 70 points. S&P 500 futures added 0.2% and […]
Hedge fund loses newspaper group takeover lawsuit
(Hedgeweek) A hedge fund that is trying to buy newspaper publisher Lee Enterprises has lost a legal battle to prevent the company from using a system that would see two longtime directors reelected at its annual meeting next month. To […]
Lawyers for accused bitcoin money launderer Heather Morgan in talks with prosecutors to avoid trial
(CNBC) A federal prosecutor said in court Monday that he and lawyers for a woman accused of trying to launder $4.5 billion in stolen bitcoin with her husband are discussing a possible “resolution” of her criminal case without going to […]
Secret JPMorgan project aims to push bank deeper into growing market serving private companies
(CNBC) JPMorgan Chase is preparing to go all-in on private companies. For the past year, the bank has been quietly hiring programmers and creating products for a new fintech business that aims to provide an array of services to start-ups […]
Dow futures fall more than 600 points as traders assess ripple effects of Russia sanctions
(CNBC) U.S. stock futures moved lower in overnight trading on Sunday as investors grew concerned about the economic ramifications of the fighting between Russia and Ukraine. Dow futures dropped 659 points. S&P 500 futures fell 2.43% and Nasdaq 100 futures […]
Russian ruble plunges nearly 30% against the dollar amid sanctions over Ukraine invasion
(CNBC) The Russian ruble dived around 29% against the dollar on Monday morning, as markets assessed the impact of sanctions on Russia amid a growing backlash against the Kremlin’s invasion of Ukraine. The ruble was trading as low as 119 […]