(CNBC) Futures tied to the Dow Jones Industrial Average dropped 26 points, or 0.06%. S&P 500 futures were little 0.06% down, while Nasdaq 100 futures inched down 0.03%. In after-hours trading, software company Snowflake saw its shares drop 8% even after it beat quarterly expectations and slightly raised its full-year […]

(CNBC) Federal Reserve officials at their July meeting moved closer to a long-awaited interest rate reduction, but stopped short while indicating that a September cut had grown increasingly probable, minutes released Wednesday showed. “The vast majority” of participants at the July 30-31 […]

(CNBC) Ryan Salame, a former top lieutenant at the failed cryptocurrency exchange FTX, asked a New York federal judge Wednesday to void his guilty plea to campaign finance and money-transmitting crimes, saying prosecutors are reneging on a key element of his plea agreement. To […]

(Hedgeweek) Mega-cap tech stocks remain the cornerstone of hedge funds’ top 20 equity positions, according to a report by MarketWatch citing recent analysis of 332 money managers with in excess of $1bn in AUM. To read this article:

(Hedgeweek) David Goel, a former protégé of Tiger Management founder Julian Robertson, has decided to close his $11bn hedge fund firm Matrix Capital Management and return client cash, due to personal health issues, according to a report by Bloomberg. To […]

(Hedgeweek) US public pension plans with long-standing allocations to hedge fund strategies, including the Virginia Retirement System and the Texas County and District Retirement System, have reported strong gains as of June amid renewed interest in the asset class from […]

(Hedgeweek) Citigroup Inc has observed a significant shift in carry trade strategies, with hedge funds increasingly borrowing US dollars rather than Japanese yen to invest in emerging-market currencies, according to a report by Bloomberg. To read this article:

(CNBC) Stock futures were up Wednesday morning as traders looked ahead to minutes from the Federal Reserve’s latest policy meeting, seeking further insight into the prospect of an interest rate cut. Futures tied to the Dow Jones Industrial Average added 67 points, […]

(Hedgeweek) Digital asset investment funds saw minor inflows last week totalling $30m, as recent macroeconomic data implied the US Federal Reserve is less likely to cut interest rates by 50 basis points in September, according to CoinShares. To read this […]

(CNBC) Target leaders said in May that the company was on track to return to sales growth in the second quarter. Target said comparable sales for the full year would range from flat to up 2%, and adjusted earnings per share would […]

(Hedgeweek) Trend-following commodity trading adviser hedge funds have shifted their stance on Japanese equities, moving away from a bearish outlook to begin buying again late last week, according to a report by Channel News Asia. To read this article:

(CNBC) This spike in volatility was a “huge overreaction,” Gerry Fowler, head of European equity strategy and global derivative strategy at UBS on Tuesday. UBS had been expecting volatility levels to increase from levels seen earlier in the year, he […]