Monthly Archives: March 2024

Stock futures are little changed as investors await Fed rate decision: Live updates

CNBC) U.S. stock futures slipped Tuesday night following a winning day for the major averages, as investors awaited the latest Federal Reserve policy decision. Dow Jones Industrial Average futures were marginally lower, while S&P 500 futures dipped 0.12%, while Nasdaq […]

Here’s everything to expect from the Federal Reserve’s policy meeting Wednesday

(CNBC) The Federal Reserve has a lot to do at its meeting this week, but ultimately may not end up doing a whole lot in terms of changing the outlook for monetary policy. In addition to releasing its rate decision […]

Hedge fund bodies sue SEC over Treasury dealer rule

(Hedgeweek)The National Association of Private Fund Managers (NAPFM), Managed Funds Association (MFA) and the Alternative Investment Management Association (AIMA) have sued the US Securities and Exchange Commission (SEC) over a new rule increasing scrutiny on the $27tn Treasury market. To […]

Digital assets fund weekly flows hit new $2.9bn record

(Hedgeweek) Digital asset investment products saw record weekly inflows totalling $2.9bn last week, beating the prior week’s all-time record of $2.7bn, according to the latest Digital Assets Weekly Fund Flows report from CoinShares. To read this article:

MicroStrategy, largest corporate holder of bitcoin, drops as much as 18% as cryptocurrency falls

(CNBC) Shares of MicroStrategy tumbled on Tuesday alongside the price of bitcoin as the company bought even more of the cryptocurrency. The stock was last lower by 5.67%. Earlier, it fell as much as 18%. The move came as MicroStrategy […]

Crypto firm Ledger to launch iPod-inspired crypto wallet in May, after months of delays

(CNBC) Crypto wallet maker Ledger says it is set to launch its much-anticipated hardware wallet Ledger Stax, which was designed by iPod inventor Tony Fadell, in May. Ledger, which makes hardware and software wallets for crypto investors, first announced Ledger […]

Stock futures are little changed as investors digest news from Nvidia’s AI conference: Live updates

(CNBC) Futures tied to the S&P 500 slipped 0.12%, while Dow Jones Industrial Average futures slid 8 points, or 0.02%. Nasdaq 100 futures were 0.22% lower. The S&P 500 broke a three-session slump during regular trading. The broad market index […]

Activist Bluebell to escalate BlackRock ESG opposition

(Hedgeweek) London-based activist hedge fund firm Bluebell is planning to up its opposition to $10tn funds giant BlackRock’s high-profile environmental, social and governance (ESG) investment agenda, according to a report by The Times. To read this article:

Brevan Howard axes 10% of traders following performance review

(Hedgeweek) Around one-in 10 of the traders at Brevan Howard Asset Management, the hedge fund firm co-founded by Alan Howard, are to leave the business as part of its latest biannual performance review, according to a report by Bloomberg. To […]

Nvidia CEO Jensen Huang announces new AI chips: ‘We need bigger GPUs’

(CNBC) Nvidia on Monday announced a new generation of artificial intelligence chips and software for running artificial intelligence models. The announcement, made during Nvidia’s developer’s conference in San Jose, comes as the chipmaker seeks to solidify its position as the […]

Alphabet shares up 4% on report Apple is in talks to license Gemini AI for iPhones

(CNBC) According to a Bloomberg report, Apple is in talks with Alphabet-owned Google to let the iPhone maker license and build its Gemini AI engine into the iPhone. Bloomberg said the two tech giants are “in active negotiations” for Gemini […]

UnitedHealth Group has paid more than $2 billion to providers following cyberattack

(CNBC) UnitedHealth disclosed nearly a month ago that a cyber threat actor breached part of Change Healthcare’s information technology network. The fallout has wreaked havoc across the U.S. health-care system. To read this article: