Monthly Archives: January 2024
Friday’s jobs report will be a big signal for a market looking for good news
(CNBC) When the December jobs report is released Friday morning, markets will be looking for a number that hits a sweet spot between not so robust as to trigger more interest rate hikes and not so slow as to raise […]
2023 digital assets inflows 2.7x greater than 2022
(Hedgeweek) Digital asset investment products saw $2.25bn of inflows for the full year in 2023, marking it as the third best year based on data back to 2017, according to the latest Digital Asset Weekly Fid Flows report from CoinShares. […]
Bitcoin rises as its volatile year continues ahead of an expected ETF approval
(CNBC) Bitcoin rose on Thursday, recovering some of its losses from the previous day, when the cryptocurrency sold off on concerns about the potential of a bitcoin exchange-traded fund approval that many expect as soon as next week. The flagship […]
Musk once laughed off BYD as a threat. Now the Chinese giant has taken Tesla’s EV crown
(CNBC) Elon Musk dismissed BYD in 2011 by laughing at their products during a Bloomberg interview. “Have you seen their car?” Musk quipped. “I don’t think it’s particularly attractive, the technology is not very strong. And BYD as a company […]
Alibaba once a Wall Street darling has plunged 75% over three years
(CNBC) It’s been a tumultuous 12 months for Alibaba, casting doubt on the future of the tech giant just as artificial intelligence is taking off. The company’s cloud computing unit was poised to capture AI’s growth for investors in a […]
Xerox to cut 15% of its workforce
(CNBC) Xerox on Wednesday announced it will cut 15% of its workforce as part of a plan to implement a new organizational structure and operating model. Xerox, which offers digital printing and document management technologies, had about 20,500 employees as […]
Bitcoin gives back Tuesday’s new year rally as traders weigh ETF decision, Fed policy
(CNBC) Bitcoin on Wednesday reversed its new year rally as investors weighed the Federal Reserve’s policy outlook and stayed on alert for updates on the Securities and Exchange Commission’s looming bitcoin exchange-traded fund decision. The price of bitcoin was last […]
Discovery Capital’s macro hedge fund up 48% in 2023
(Hedgeweek) Discovery Capital Management, the hedge fund firm led by ‘Tiger cub’ Rob Citrone, recorded a 48% return with its macro hedge fund in 2023, making it one of the top performers among funds betting on economic trends, according to […]
Hedge fund outflows slow to $4bn in November
(Hedgeweek) Hedge fund withdrawals slowed significantly in November to an estimated $4bn from the $7.6bn seen in the previous month as customer interest rose to the highest level in 2023, according to a report by Reuters. To read this article:
Activist Blackwells makes three Disney board nominations
(Hedgeweek) Activist investment firm Blackwells Capital, and a shareholder of The Walt Disney Company (Disney), has nominated three candidates for election to the entertainment giant’s Board of Directors – Jessica Schell, Craig Hatkoff and Leah Solivan. To read this article:
DE Shaw’s main hedge fund up 10% in 2023
(Hedgeweek) Investors in DE Shaw’s largest hedge fund saw a return of almost 10% in 2023, after fees, as multi-strategy and macroeconomic funds chalked up mixed performance during a year of volatile trading conditions, according to a report by Reuters. […]
Stage is set for explosive growth in digital asset class
(Opalesque) Bitcoin’s 2023 rally took it past the $42,000 market and helped put the crypto winter of 2022 far in the distance. According to Nico Cordeiro, the CIO of digital asset fund manager Strix Leviathan, if there is any additional […]
