Category Archives: Syndicated
Bitcoin miners upgrade power centers and get into AI to brace for slashed revenue post halving
(CNBC) The technical event is relatively simple: Bitcoin miners get paid in bitcoin to validate transactions, and after 210,000 blocks of transactions are computed and added to the main chain, the reward given to the miners securing bitcoin is ‘halved.’ […]
Stock futures drop 1% as Israel carries out operation in Iran: Live updates
(CNBC) Stock futures plunged Thursday evening as conflict reignited between Israel and Iran. A U.S. official confirmed that Israel is conducting an operation in Iran. Earlier, Iran’s Fars news agency reported explosions were heard near the airport at the country’s […]
Managed futures led broader hedge fund industry Q1 gains
(Hedgeweek) Hedge fund performance was positive during the first quarter, as nearly all strategies turned more bullish on US stocks, with gross returns across all strategies averaging nearly 6%, led by managed futures strategies with gross returns at nearly 10%, […]
New York jury convicts man in first-ever cryptocurrency market manipulation case
(CNBC) A New York federal jury on Thursday convicted a Puerto Rico man of a $110 million scheme that was the Department of Justice’s first-ever cryptocurrency open-market manipulation case, prosecutors said. The man, 28-year-old Avraham Eisenberg of San Juan, faces […]
Netflix blows past earnings estimates as subscribers jump 16%
(CNBC) Netflix will no longer provide quarterly membership numbers or average revenue per user starting next year, the company said Thursday as it reported earnings that beat on the top and bottom lines. Total memberships rose 16% in the first quarter, reaching 269.6 […]
World’s largest sovereign wealth fund posts $110 billion in first-quarter profit
(CNBC) Norway’s giant sovereign wealth fund on Thursday reported a first-quarter profit of 1.21 trillion kroner ($110 billion), supported by robust returns on its investments in technology stocks. The so-called Government Pension Fund Global, the world’s largest sovereign wealth fund, […]
Lijaro to return investor cash following two years of losses
(Hedgeweek) Two years of losses at Lijaro Asset Management has prompted Founder Stephen Irving, who left Balyasny Asset Management to start the long-short equity hedge fund about four years ago, to return money to investors, according to a report by […]
TSMC beats first-quarter revenue and profit expectations on strong AI chip demand
(CNBC) Taiwan Semiconductor Manufacturing Company on Thursday beat revenue and profit expectations in the first quarter, thanks to continued strong demand for advanced chips, particularly those used in AI applications. TSMC reported net revenue rose 16.5% from a year ago […]
Bitcoin halving is likely this week — here’s what you need to know
(CNBC) The bitcoin “halving” is almost upon us. This technical event, written in bitcoin’s code, happens every four years. In simple terms, it is when the rewards for bitcoin miners are cut in half. This reduces the pace at which […]
Tesla is laying off 285 employees in Buffalo, New York as part of a broad restructuring
(CNBC)Tesla is laying off 285 employees in the state of New York as part of a broader restructuring according to a WARN notice filed in the state. Most of these employees worked at the company’s Buffalo factory and a handful […]
Google terminates 28 employees after multi-city protests: Read the full memo
(CNBC) Google terminated 28 employees Wednesday, according to an internal memo viewed by CNBC, after a series of protests against labor conditions and the company’s contract to provide the Israeli government and military with cloud computing and artificial intelligence services. […]
Wall Street pushes out rate-cut expectations, sees risk they don’t start until March 2025
(CNBC) If there was any doubt before, Federal Reserve Chair Jerome Powell has pretty much cemented the likelihood that there won’t be interest rate reductions anytime soon. Now, Wall Street is wondering if the central bank will cut at all […]
