Category Archives: Syndicated
Dow futures are little changed after index posts sixth straight positive day: Live updates
(CNBC) Futures linked to the Dow Jones Industrial Average hovered near the flatline Wednesday evening after the 30-stock index posted its sixth consecutive winning day. Dow futures added 6 points, or 0.02%. S&P 500 futures were little changed, while Nasdaq 100 futures fell 0.1%. In […]
Megacap tech may be the ultimate ‘quality’ play in an uncertain economy, The ETF Store president suggests
(CNBC) While conventional wisdom suggests high rates should punish the group, investors still favor the earnings growth offered by megacap tech stocks, according to The ETF Store President Nate Geraci. “Investors are viewing megacap tech as a quality play, Technology is […]
FTX says most customers of the bankrupt crypto exchange will get all their money back
(CNBC) FTX estimates that it owes creditors around $11.2 billion, according to a reorganization plan published late Tuesday. The company said it has between $14.5 billion and $16.3 billion to distribute to creditors. Customers whose claims amount to $50,000 or […]
Robinhood climbs after reporting record earnings for first quarter
(CNBC) Shares of Robinhood rose in extended trading Wednesday afternoon after the retail brokerage announced stronger-than-expected first-quarter results. Robinhood reported net income of $157 million, or 18 cents per share, for the first quarter. That is a positive swing from the same […]
Macro strategies lead April hedge fund gains
(Hedgeweek) Hedge funds advanced in April as equities declined, led by macro strategies, which extended their first quarter gains through the month, and the industry’s largest funds, with the HFRI Macro Asset Weighted Index advancing 2.6%. To read this article:
Digital assets funds see fourth week of outflows
(Hedgeweek) Digital asset investment products saw outflows for the fourth consecutive week totalling $251m as the new US spot bitcoin ETFs saw their first ‘measurable’ outflows, according to the latest Digital Assets Fund Flows Weekly report from CoinShares. To read […]
Hedge funds see $9.9bn in investor withdrawals in March
(Hedgeweek) Hedge funds saw an estimated $9.9bn in investor withdrawals during March, a big increase on the $780m seen in February as the industry’s run of net outflows stretched to 22 consecutive months, according to a new report from Nasdaq […]
Dow futures are little changed after index notches longest winning streak since December: Live updates
(CNBC) Dow Jones Industrial Average futures sat near flat Wednesday after the blue-chip average clinched its longest winning streak since December. Futures tied to the 30-stock average lost 19 points, inching marginally below its flatline. S&P 500 futures and Nasdaq 100 futures also both traded […]
Reddit shares soar 14% after company reports revenue pop in debut earnings report
(CNBC) Reddit shares rallied 14% in extended trading on Tuesday after the company released quarterly results for the first time since its IPO in March. Revenue climbed 48% from $163.7 million a year earlier. The company reported $222.7 million in ad revenue […]
Disney says streaming is nearly breakeven, but shares sink 10% on soft guidance
(CNBC) Disney reported fiscal second-quarter earnings Tuesday that beat analyst estimates after narrowing streaming losses. Disney’s total segment operating income jumped 17% as the company’s entertainment streaming applications — Disney+ and Hulu — turned a profit in the quarter for the […]
U.S. revokes some export licenses to sell chips to Huawei in a bid to curb China’s tech power
(CNBC) The US continuously assess how our controls can best protect our national security and foreign policy interests, taking into consideration a constantly changing threat environment and technological landscape,” a Commerce spokesperson said in a statement. “As part of this […]
MFA makes recommendations to CFTC on the use of AI tools in derivatives markets
(Hedgeweek) MFA has submitted a comment letter to the Commodity Futures Trading Commission (CFTC), making recommendations on how the commission should approach the use of artificial intelligence tools in derivatives markets. To read this article:
