Monthly Archives: January 2024

(CNBC) The cryptocurrency was last up 1% at $46,289.15, according to Coin Metrics. Earlier, it punched above $49,000, reaching levels not seen since December 2021. Meanwhile, the price of ether jumped 5% to May 2022 highs. It last traded at […]

(CNBC) A bitcoin ETF opens up the audience of people and institutions that can buy and sell bitcoin to those with little experience trading cryptocurrency. “This ETF has two main impacts: increased distribution in the US (a moderate impact, as […]

(CNBC) Shares of Alphabet, which owns Google, closed down less than 1% on Thursday. The announcement marks the latest cost-cutting effort at Google as it works to rein in the dramatic headcount growth it pursued during the pandemic. Last January, […]

(Hedgeweek) The BlackRock Strategic Equity Hedge Fund, which is managed by star manager Alister Hibbert, was back in positive territory last year with a double-digit gain, having suffered its worst ever annual loss in the previous year, according to a […]

(Hedgeweek) Eleven, a fintech providing solutions for hedge and private equity funds, has launched Eleven OS 7, which the company says brings “the new level of simplicity, centralisation, data transparency and data integrity to the global private investment process”. To […]

(CNBC) Discord will lay off 17% of the company’s workforce, which equates to 170 employees, a spokesperson confirmed Thursday. The company, which provides a popular messaging service used by gamers, previously eliminated about 40 jobs in August and joins a […]

(Hedgeweek) The incorporation of environmental and social metrics into investment strategies is becoming increasingly common among hedge fund managers, according to a report by Bloomberg citing research by analysts at UBS Group. To read this article:

(CNBC) The U.S. Securities and Exchange Commission on Wednesday approved rule changes to allow the creation of bitcoin exchange-traded funds in the U.S., a long-awaited move that will give regular investors access to the controversial and volatile cryptocurrency. The decision […]

(CNBC) Now that the SEC has approved the creation of bitcoin exchange-traded funds, Coinbase’s position in the crypto market is poised to take a dramatic turn. In the weeks ahead, Coinbase will help shepherd some of the biggest names in […]

(CNBC) Economists expect that inflation nudged higher in December, a trend that could call into question the market’s eager anticipation that the Federal Reserve will slash interest rates this year. The consumer price index, a widely followed measure of the […]

(CNBC) Citigroup warned investors late Wednesday that charges tied to the decline of the Argentine peso as well as the bank’s reorganization came in far higher than disclosed by the company’s CFO just weeks ago. The bank said its fourth-quarter […]

(CNBC) Amazon is laying off hundreds of employees across its Prime Video and MGM Studios divisions. Mike Hopkins, who oversees those units, sent a note to staffers on Wednesday informing them of the job cuts, according to a copy of […]