(CNBC) Google parent company Alphabet reported second-quarter results after the bell Tuesday that were in-line with analyst estimates on revenue and earnings, but missed on YouTube advertising revenue. Alphabet shares were down about 2% in after-hours trading. To read this article:

(Hedgeweek) iSwiss Bank has established a new company in New York, which has been authorised by the Securities and Exchange Commission to offer hedge fund investment strategies and tailored financial solutions for institutional and private clients. To read this article:

(CNBC) Bitcoin led the crypto market lower on Tuesday – the first trading day for ether ETFs – as Mt. Gox transferred more bitcoin to creditors and investors took profits following the cryptocurrency’s best week since March. The price of bitcoin […]

(CNBC) In missing Wall Street estimates for second-quarter earnings on Tuesday, Tesla said its adjusted operating margin shrank to the lowest in three years, dropping to 14.4% from 18.7% a year earlier. It’s the fourth straight quarter of shrinkage. To read this […]

(Hedgeweek) Hedge funds offloaded their perviously winning stock positions at the fastest rate since the meme stock frenzy of January 2021 last week, as major technology companies saw significant declines, according to a report by Bloomberg. To read this article:

(Hedgeweek) The recent positive investor sentiment towards digital assets funds continued last week with inflows of $1.35bn, bringing the last three-week run of inflows to $3.2bn, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares. To read […]

(CNBC) S&P 500 futures are near flat Monday night, with traders readying for earnings reports from major companies after the benchmark posted its best day in more than a month. Futures tied to the broad index sat near their flatline. Dow Jones […]

(Hedgeweek) Colin Heatherington, a former trader for Absolute Capital Management, has been sentenced to three-and-a-half years in federal prison for his involvement in a scheme to manipulate penny stock prices, aimed at inflating the hedge fund’s reported profits, according to […]

(CNBC) Wiz has walked away from a $23 billion deal to be acquired by Google, in what would have been the search giant’s largest-ever deal, telling employees it would pursue an initial public offering as it initially planned. To read […]

(CNBC) Several Wall Street analysts expect GM to guide toward the higher end of the automaker’s already raised guidance for 2024, if not hike it again. GM’s 2024 guidance includes adjusted earnings of $12.5 billion to $14.5 billion, or $9 to $10 […]

(Hedgeweek) Hedge funds have significantly reduced their short positions against the yen, marking the most substantial cut in more than a decade following suspected market interventions by Japanese authorities to strengthen the currency, according to a report by Bloomberg. To […]

(CNBC) The U.S. Securities and Exchange Commission appears to have given the green light for exchange-traded funds that hold ether, the world’s second-largest cryptocurrency. Trading is expected to begin as soon as Tuesday. Several fund issuers submitted additional registration statements Monday afternoon, and exchanges […]