Monthly Archives: June 2023
Stock futures are little changed after Fed skips rate hike but indicates more ahead: Live updates
(CNBC) U.S. stock futures were roughly flat after the Federal Reserve skipped a rate hike at its meeting that ended Wednesday, but signaled two more rate hikes may still be in store later this year. Dow Jones Industrial Average futures […]
Diablo IV crosses $666 million in sales in five days, a record for Activision’s Blizzard
(CNBC) Activision Blizzard’s new Diablo video game broke $666 million in global sales in the span of five days, the company said Wednesday. Diablo IV, which launched June 6, has become Activision subsidiary Blizzard Entertainment’s fastest-selling game ever, the company […]
Odey gates funds as investors look to exit
(Hedgeweek) Odey Asset Management (OAM) is shuttering one fund and restricting withdrawals from two others as it battles the fallout from the allegations of sexual misconduct made against founder Crispin Odey last week, according to a report by Reuters. To […]
Cava prices IPO at $22 per share, above stated range
(CNBC) Mediterranean fast-casual restaurant chain Cava priced its initial public offering at $22 per share, above a previously stated range, the company said Wednesday. Cava said it sold 14.4 million shares, which at a price of $22 per share, raises […]
SEC Charges Financial Advisor with Fraud for Stealing from Elderly Customers to Pay Personal Expenses
(HedgeCo.Net) The Securities and Exchange Commission has charged Douglas McKelvey, a former financial advisor with fraud for misappropriating more than $1.7 million from two elderly brokerage customers who were close relatives of McKelvey’s. The SEC’s complaint alleges that from June […]
Hudson Bay expands to Dubai
(Hedgeweek) Hudson Bay Capital Management, a multi-strategy hedge fund firm with around $20 billion in assets, has become the latest manager to open an office in Dubai following the likes of Millennium Management, Balyasny Asset Management and ExodusPoint Capital Management, […]
AMD reveals new A.I. chip to challenge Nvidia’s dominance
(CNBC) AMD said on Tuesday its most-advanced GPU for artificial intelligence, the MI300X, will start shipping to some customers later this year. AMD’s announcement represents the strongest challenge to Nvidia, which currently dominates the market for AI chips with over […]
S&P 500 futures are little changed as Wall Street counts down to Fed decision: Live updates
(CNBC) S&P 500 futures traded near flat on Tuesday night as investors looked ahead to the Federal Reserve’s policy decision and subsequent press conference slated for Wednesday afternoon. S&P 500 futures inched down by 0.05%. Nasdaq-100 futures slipped by 0.02%, […]
Digital assets funds see eighth week of outflows
(Hedgeweek) Digital asset investment products saw outflows totalling $88 million last week, bringing this current eight-week negative run to $417 million, according to the latest Digital Asset Fund Flows Weekly Report from CoinShares. To read this article:
Google challenges OpenAI’s calls for government A.I. czar
(CNBC) Google and OpenAI, two U.S. leaders in artificial intelligence, have opposing ideas about how the technology should be regulated by the government, a new filing reveals. To read this article:
Illumina acquisition of Grail wins support from GOP lawmakers, state AGs as FTC tries to block it
(CNBC) Republican lawmakers, state attorneys general and several advocacy groups have voiced their support for Illumina’s acquisition of cancer-test developer Grail while the Federal Trade Commission fights to unwind the deal. The groups filed 14 amicus briefs Monday urging the […]
SEC Charges Investment Adviser and Principal in Abusive Naked Short Selling Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged investment adviser Sabby Management LLC and its managing partner, Hal D. Mintz, with fraud in connection with a long running scheme involving misrepresentations and violations of rules for short selling and order […]
