Category Archives: Syndicated

First bitcoin futures ETF rises more than 4% in trading debut on the NYSE

(CNBC) Shares of the first U.S. bitcoin-linked exchange-traded fund rose in their trading debut Tuesday. The ProShares Bitcoin Strategy ETF, ticker “BITO,” jumped 4.8% to close at $41.94. The fund tracks CME bitcoin futures, or contracts speculating on the future […]

Federal Reserve Chair Powell’s five measuring sticks on inflation aren’t holding up very well

(CNBC) Federal Reserve Chairman Jerome Powell, during his August speech at the annual Jackson Hole symposium, laid out five reasons supporting his view that the current run of high inflation will go away. So far, they aren’t holding up very […]

Netflix posts solid beats on earnings and new subscribers

(CNBC) Netflix shares dipped about 1% after-the-bell Tuesday after the company posted third quarter results, showing investors the streamer can continue to attract new subscribers. To read this article:

Macro hedge fund Massar Capital launches new global discretionary strategy

(Hedgeweek) Massar Capital Management has launched a new discretionary macro hedge fund strategy which aims to capitalise on directional trading opportunities across a broad set of global markets. To read this article:

United Airlines posts higher-than-expected revenue after travel demand rebounds

(CNBC) United Airlines on Tuesday reported higher-than-expected revenue as travelers returned in the summer, despite a hit from the delta variant. The airline didn’t give a timeline for when it would return to profitability. United posted net income of $473 […]

Bitcoin is overbought and due for a pullback, says hedge fund chief

(Market Insider) Bitcoin looks “overbought” right now as excitement over an ETF launch keeps pushing the price higher – and that means it might be shaping up for a pullback, according to hedge fund chief Mark Yusko. To read this […]

Dallas hedge fund manager Kyle Bass’s bet against the Hong Kong dollar fizzles

(Dallas Morning News) A recent U.S. Securities and Exchange Commission case reveals how Kyle Bass’s bet against the Hong Kong dollar has fizzled: He’s lost big, ensnaring some investors who funded his short through what the regulator says was an […]

SEC says brokers enticed by payment for order flow are making trading into a game to lure investors

(CNBC) Wall Street’s main regulator on Monday released its highly anticipated report on the GameStop mania earlier this year. The 44-page report detailed how the trading frenzy went down and raised red flags on a number of issues, including the back-end […]

Hedge funds 2021 momentum halts, slides in September:

(Opalesque) eVestment released their September 2021 hedge fund performance figures. Aggregate performance for the global hedge fund business dipped into negative territory in September, at -0.55%. This is only the second month this year the industry posted negative aggregate returns […]

Alibaba launches new server chip to boost its cloud business in challenge to Amazon and Microsoft

(CNBC) Chinese e-commerce giant Alibaba launched a new server chip on Tuesday, as it looks to boost its cloud computing business and compete against U.S. rivals like Amazon. To read this article:

Carl Icahn says the market over the long run will certainly ‘hit the wall’ because of money printing

(CNBC) Longtime activist investor Carl Icahn said Monday that the U.S. markets could see major challenges over the long term in the face of excessive money supply and rising inflation. “I really think there will be a crisis the way we […]

Dow futures are little changed ahead of a big week of earnings

(CNBC) U.S. stock index futures were about unchanged during overnight trading on Sunday, after the major averages posted their best week in months amid a stronger-than-expected start to earnings season. Futures contracts tied to the Dow Jones Industrial Average shed […]