Monthly Archives: March 2023

(CNBC) Initial filings for unemployment insurance ticked higher last week but remained generally low in a tight labor market. Jobless claims for the week ended March 25 totaled 198,000, up 7,000 from the previous period and a bit higher than […]

(CNBC) Stock futures were little changed Wednesday night. Futures tied to the Dow Jones Industrial Average lost 14 points, trading near flat. S&P 500 futures and Nasdaq-100 futures were also near their flatlines. The moves come amid a hectic week […]

(Hedgeweek) Standard General is suing the US Federal Communications Commission (FCC) over its decision to hold hearings into the hedge fund’s planned $5.4 billion acquisition of TV station operator Tegna, according to a report by Reuters. To read this article:

(Hedgeweek)New York-based hedge fund firm Mass Ave Global, has written to investors informing them that it has decided to liquidate its China and Asia-focused funds and close its office in Hong Kong, according to a report by Reuters. To read […]

(Hedgeweek) Extracting accurate data is one of the biggest reconciliation challenges buy-side investment managers face just over a year out from T+1 for US equities, according to new research from Gresham Technologies, in association with WBR Insights. To read this […]

(CNBC) The proliferation of artificial intelligence programs such as ChatGPT and Alphabet’s BardAI has already made big waves in financial markets, and a new study suggests that one day those programs may be able to trade in those markets all […]

(Opalesque) Private wealth represents “a phenomenal opportunity for the alternatives industry” as it is increasingly being used to fund alternative investments, said a study. According to the report by data provider Preqin, fund managers are increasingly pivoting towards the private […]

(CNBC) U.S. stock futures ticked higher Tuesday night after the major averages declined on the back of higher bond yields. Dow Jones Industrial Average futures rose by 41 points, or 0.13%. S&P 500 and Nasdaq 100 futures climbed 0.14% and […]

(CNBC) FTX co-founder Sam Bankman-Fried paid out tens of millions of dollars worth of bribes to at least one Chinese government official, federal prosecutors alleged in a new indictment Tuesday. The indictment said accounts belonging to Bankman-Fried’s hedge fund, Alameda […]

(CNBC) Jamie Dimon, the veteran JPMorgan Chase CEO and chairman, will be deposed over his bank’s links to disgraced former financier Jeffrey Epstein, according to a person with knowledge of the matter. Dimon agreed to be interviewed under oath, at an […]

(CNBC) The run on Silicon Valley Bank’s deposits this month went far deeper than was initially known. Since the day regulators seized SVB, it was public knowledge that panicked customers withdrew $42 billion from the bank on March 9 on […]