Category Archives: Syndicated
Standard Chartered first quarter profit rises 5.5%, beats estimates
(CNBC) Standard Chartered posted on Thursday a 5.5% rise in its first-quarter pretax profit, beating estimates, as higher interest rates bolstered earnings at the emerging markets-focused lender. StanChart, which earns most of its revenue in Asia, said statutory pretax profit in […]
Google lays off hundreds of ‘Core’ employees, moves some positions to India and Mexico
(CNBC) Just ahead of its blowout first-quarter earnings report on April 25, Google laid off at least 200 employees from its “Core” teams, in a reorganization that will include moving some roles to India and Mexico, CNBC has learned. The Core unit […]
Garda adds JPMorgan MD to Singapore office
(Hedgeweek) US hedge fund firm Garda Capital Partners has expanded its yen rates trading capability with the appointment of JPMorgan Chase & Co Managing Director Yoichi Takemura as a Portfolio Manager in the firm’s Singapore office, according to a report […]
S&P 500 futures fall as Wall Street braces for Fed rate decision: Live updates
(CNBC) S&P 500 futures slipped Tuesday night as investors looked ahead to the Federal Reserve’s rate policy decision. Futures linked to the broad market index slipped 0.2%, while Nasdaq 100 futures dropped 0.4%. Dow Jones Industrial Average futures ticked lower by 8 points, or 0.02%. […]
Here’s everything to expect when the Fed wraps up its meeting Wednesday
(CNBC) Faced with stubborn inflation that has raised concerns about where policy is headed, the Federal Reserve has been ensnared in a holding pattern that likely will be reflected when it closes its meeting Wednesday. Markets are anticipating a near-zero […]
Binance co-founder Zhao set to keep on growing his $33 billion fortune even as he heads to prison for four months
(CNBC) Changpeng Zhao, the billionaire co-founder and former CEO of Binance, is expected to see his mammoth wealth remain intact and likely continue to climb even as he faces time behind bars after his sentencing in a Seattle court. Zhao, […]
Amazon profit more than triples, topping Wall Street expectations
(CNBC) Operating income soared more than 200% in the period to $15.3 billion, far outpacing revenue growth, the latest sign that the company’s cost-cutting measures and focus on efficiency is bolstering its bottom line. AWS accounted for 62% of total […]
Hedge funds are ‘dead as a doornail,’ says chairman of ultra-rich investors’ club Tiger 21
(CNBC) Hedge funds are “dead” as an investment class for the super rich, said Michael Sonnenfeld, founder and chairman of Tiger 21 — a network of ultra high net worth investors and entrepreneurs. Tiger 21 members’ allocation to hedge funds […]
Hedge fund Weiss files for bankruptcy following wind down
*Hedgeweek) Weiss Multi-Strategy Advisers, the New York-based hedge fund firm founded by George Weiss in 1978, has filed for bankruptcy about two months after telling clients it was winding down operations, according to a report by Bloomberg. To read this […]
Digital assets funds see third week of outflows
(Hedgeweek) Digital asset investment products saw outflows for the third consecutive week last week totalling $435m, marking the largest outflows since March this year, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares. To read this article:
Stock futures are little changed as investors look ahead to Fed decision, megacap earnings: Live updates
(CNBC) U.S. stock futures were little changed Monday night after a positive start to the week, as investors brace for megacap earnings, the latest Federal Reserve interest rate decision, and a jobs report. Stocks are also on pace to snap […]
Morgan Stanley banker sees 10 to 15 more tech IPOs in 2024, and a ‘better year’ in 2025
(CNBC) Following a long period of waiting, “the IPO market’s back.” That’s according to Colin Stewart, Morgan Stanley’s global head of technology equity capital markets. In an interview with CNBC’s “TechCheck” on Monday, Stewart said 10 to 15 more tech […]