Monthly Archives: March 2024
Global allocators added $172bn to alts in 2023, says Vidrio
(Hedgeweek) Global allocators upped their alternative asset allocations – private equity, credit, real estate, real assets, infrastructure and hedge funds – to $172bn in 2023 a 19% increase from the $144bn seen in the previous year, according to a research […]
DOJ sues Apple over iPhone monopoly in landmark antitrust case
(CNBC) The Department of Justice sued Apple on Thursday, saying its iPhone ecosystem is a monopoly that drove its “astronomical valuation” at the expense of consumers, developers and rival phone makers. The government has not ruled out breaking up one […]
Reddit pops 48% in NYSE debut after selling shares at top of range
(CNBC) The 19-year-old website that hosts millions of online forums priced its IPO on Wednesday at $34 a share, the top of the expected range. Reddit and selling shareholders raised about $750 million from the offering, with the company collecting […]
Elizabeth Warren calls on SEC to investigate Tesla, Elon Musk over governance issues once again
(CNBC) Sen. Elizabeth Warren, D-Mass., once again urged the U.S. Securities and Exchange Commission to investigate Tesla, CEO Elon Musk and the company’s board of directors over what she called, “possible misappropriation of Tesla resources and conflicts of interest arising […]
Bitcoin rebounds to $67,000 as Fed leaves rate cuts in 2024 roadmap:
(CNBC) David Mercer, CEO of LMAX Group, weighs in on what’s driving crypto markets and institutional appetite for digital assets. To view this story:
Fed holds rates steady and maintains three cuts coming sometime this year
(CNBC) Along with the decision, Fed officials penciled in three quarter-percentage point cuts by the end of 2024, which would be the first reductions since the early days of the Covid pandemic in March 2020. The current federal funds rate […]
Intel awarded up to $8.5 billion in CHIPS Act grants, with billions more in loans available
(CNBC) Intel could receive an additional $11 billion in loans from the CHIPS and Science Act, which was passed in 2022. The awards will be announced by President Joe Biden in Arizona on Wednesday. The money will help “leading-edge semiconductors […]
Reddit prices IPO at $34 per share in first major social media offering since 2019
(CNBC) Reddit, the 19-year-old website that hosts millions of online forums, priced its IPO on Wednesday at $34 a share, the top of the expected range. The offering brought in $519 million, and values the company at close to $6.5 […]
Shares of Micron pop 14% on earnings beat driven by AI boom
(CNBC) Micron said revenue rose to $5.82 billion from $3.69 billion in the year ago quarter. The company reported a net income of $793 million, up from a net loss of $2.3 billion in the same period last year. For […]
STT readies broker-dealers and clearing firms for May T+1 compliance
(Hedgeweek) Sterling Trading Tech (STT), a global provider of technology in order management, risk and margin, and trading, is working with brokerages, clearing firms and market participants to ensure their compliance with the SEC’s new T+1 settlement cycle rule on […]
Hashnote partners with CoinDesk Indices to launch Hashnote CoinDesk 20 Fund
(Hedgeweek) On-chain digital asset management platform Hashnote has partnered with CoinDesk Indices to launch the Hashnote CoinDesk 20 Fund, which tracks the global digital asset benchmark CoinDesk 20 Index. To read this article:
S&P 500 futures rise after major averages notch fresh closing records: Live updates
(CNBC) Stock futures climbed Thursday morning after the three major averages closed at new records and the Federal Reserve concluded its latest policy meeting. Futures tied to the Dow Jones Industrial Average added 126 points, or about 0.32%. S&P 500 […]
