Category Archives: Syndicated
Microsoft’s decision to give up OpenAI board observer seat doesn’t quell key concerns
(CNBC) Microsoft has given up its observer seat on OpenAI’s board. Apple, which was reportedly expected to take a similar observer position, will no longer pursue one, according to the Financial Times. But whatever clarity this week’s changes were intended to provide, many of the […]
Crypto ETFs to account for 5% of hedge and pension fund portfolios by 2025
(Hedgeweek) Cryptocurrency exchange-traded funds (ETF) will form 5% of hedge fund and pension fund portfolios by 2025, according to blockchain expert Fiorenzo Manganiello, the Co-Founder and managing partner of direct investment firm LIAN Group. To read this article:
Pershing Square launches IPO roadshow with $50 share price target
(Hedgeweek) Pershing Square, the US hedge fund firm led by Bill Ackman, has launched a roadshow for the initial public offering (IPO) of its common shares of beneficial interest of a new investment holding company with an expected IPO price […]
Statar Capital cuts losses after double-digit drop
(Hedgeweek) Cryptocurrency exchange-traded funds (ETF) will form 5% of hedge fund and pension fund portfolios by 2025, according to blockchain expert Fiorenzo Manganiello, the Co-Founder and managing partner of direct investment firm LIAN Group. To read this article:
State Street to service Galapagos hedge funds
(Hedgeweek) State Street will provide fund services for two funds managed by Galapagos Global Capital Management, the US-based hedge fund manager of Brazilian-founded Investment Company Galapagos Capital. To read this article:
Stock futures are little changed as traders brace for key consumer inflation report: Live updates
(CNBC) U.S. stock futures were little changed Wednesday night after both the S&P 500 and Nasdaq Composite closed at new all-time highs. Futures tied to the broad market index slipped less than 0.1%, as did Nasdaq 100 futures. Dow Jones Industrial Average futures lost 29 points, or less […]
Key inflation report looms on Thursday as traders grow more confident in Fed rate cut
(CNBC) A widely anticipated inflation report on Thursday may solidify expectations for the Federal Reserve to cut interest rates in coming months. The consumer price index, or CPI, report for June is due out at 8:30 a.m. ET. Recent economic releases have […]
Government fines Citigroup $136 million
(Associated Press) A pair of government regulators slapped Citigroup with a $135.6 million fine on Wednesday, saying the bank has made insufficient progress in resolving longstanding internal control and risk issues. It’s a major blow to Jane Fraser, the bank’s […]
Archegos founder Bill Hwang convicted at criminal trial over fund’s collapse
(CNBC) Archegos Capital Management founder Sung Kook “Bill” Hwang was convicted of fraud and other charges by a jury in Manhattan federal court on Wednesday at a criminal trial in which prosecutors accused him of market manipulation ahead of the […]
Samsung to launch upgraded voice assistant Bixby this year with its own AI
(CNBC) Digital assistants are back in the spotlight thanks to the popularity of OpenAI’s ChatGPT. TM Roh, the head of Samsung’s mobile division, says the company will be unveiling a further upgraded Bixby this year that uses the South Korean […]
Musk says next Neuralink brain implant expected soon, despite issues with the first patient
(CNBC) Elon Musk said Wednesday that his brain tech startup Neuralink hopes to implant its system in a second human patient within “the next week or so.” Executives also said the company is making changes to address the hardware problems it encountered with its first […]
Stock futures are little changed after S&P 500 notches another record close: Live updates
(CNBC) Stock futures were little changed in overnight trading Tuesday after the S&P 500 notched a fresh record close. Futures connected to the Dow Jones Industrial Average dipped 3 points. S&P 500 futures and Nasdaq-100 futures were near the flatline. Wall Street is coming off a mixed session […]