Monthly Archives: June 2023
Stock futures slip Thursday night after S&P 500 notches highest close for 2023: Live updates
(CNBC) U.S. stock futures ticked lower Thursday night after the S&P 500 notched its highest close for 2023. Dow Jones Industrial Average futures fell by 54 points, or 0.16%. S&P 500 futures dipped 0.12%, while Nasdaq 100 futures inched down […]
Trump indicted on seven criminal charges in classified documents case
(CNBC) Former President Donald Trump has been indicted on seven federal criminal charges in connection with hundreds of classified government documents he retained at his Florida home after leaving the White House. Trump himself disclosed the indictment in a series […]
Banks are cutting off Binance’s access to U.S. banking system, exchange says
(CNBC) Binance.US customers will no longer be able to use U.S. dollars to buy crypto on the platform as early as June 13, hobbling the exchange’s ability to do business in the United States, after both payment and banking partners “signaled […]
Meta CEO Mark Zuckerberg touts to employees ‘incredible breakthroughs’ the company has seen in A.I.
(CNBC) Meta CEO Mark Zuckerberg wants his workforce to know the company is in the middle of the artificial intelligence race. During a meeting with employees Thursday in the Hacker Square pavilion at Meta’s Menlo Park headquarters, Zuckerberg discussed Meta’s […]
Hedge fund performance mixed in May, says HFR
(Hedgeweek) Hedge funds posted mixed performance in May as banking volatility evolved throughout the month following the closure and acquisition of First Republic Bank by JPMorgan. While Financials and Energy declined, Technology and AI surged through May. To read this […]
Central banks have failed in efforts to tackle inflation, says Man’s Ellis
(Hedgeweek) The efforts of central banks around the world to tackle inflation have failed to have a meaningful impact, and threats to the broader global economy remain, according to a report by Reuters citing comments from Man Group Chief Executive […]
Binance lawyers allege SEC Chair Gensler offered to serve as advisor to crypto company in 2019
(CNBC) SEC Chair Gary Gensler, who is in the midst of a hefty crackdown on crypto companies, offered to serve as an advisor to Binance’s parent company in 2019, according to the lawyers for Binance and founder Changpeng Zhao. Documents […]
Stock futures are little changed on Wednesday night as rally hesitates: Live updates
(CNBC) Stock futures were flat on Wednesday evening, as investors await the next market catalyst. Futures linked to the S&P 500 ticked higher by 0.01%, while Nasdaq 100 futures inched up by 0.01%. Futures tied to the Dow Jones Industrial […]
GameStop fires CEO, names Ryan Cohen executive chairman; shares plummet
(CNBC) GameStop fired its CEO Matthew Furlong and appointed its board chairman Ryan Cohen as executive chairman effective immediately, the company said Wednesday. Shares of GameStop dropped more than 20% in extended trading after the video game retailer announced the […]
Citadel portfolios up in May
(Hedgeweek) US hedge fund Citadel’s portfolios all made money in the first five months of the year with the firm’s flagship portfolio chalking up a return of 6.14% to the end of May, according to a report by Reuters. To […]
EFL approves hedge fund boss’s Birmingham City takeover
(Hedgeweek) US hedge fund manager Tom Wagner, the co-founder of Knighthead Capital Management, which oversees about $9 billion and focuses on event-driven investing and distressed credit, has had his takeover of Birmingham City FC apportioned by the English Football League […]
Coinbase Charged for Operating as an Unregistered Securities Exchange, Broker, and Clearing Agency
(Hedgeco.Net) Coinbase also charged for the unregistered offer and sale of securities in connection with its staking-as-a-service program. The Securities and Exchange Commission has charged Coinbase, Inc. with operating its crypto asset trading platform as an unregistered national securities exchange, […]
