Monthly Archives: June 2023
SEC Charges Massachusetts-Based Firm and Its Co-Owners with Acting as Unregistered Securities Dealers
(HedgeCo.Net) The Securities and Exchange Commission (the “SEC”) has announced charges against Auctus Fund Management, LLC (“Auctus Management”) and its co-owners Alfred Sollami of Brookline, Massachusetts and Louis Posner of Mansfield, Massachusetts, for failing to register as securities dealers with […]
Stock futures are little changed after the S&P 500’s best week since March
(CNBC) U.S. equity futures were little changed Sunday evening after a broad-based rally last week that pushed the S&P 500 to its best week since March, and its highest level since last August. Futures tied to the Dow Jones Industrial […]
Oil prices pop after Saudi Arabia pledges more voluntary production cuts
(CNBC) Oil prices rose following OPEC kingpin Saudi Arabia’s decision to cut production by another million barrels per day. On Sunday, the Organization of the Petroleum Exporting Countries and its partners (known as OPEC+) made no changes to its planned […]
Walt Disney’s Pixar targets ‘Lightyear’ execs among 75 job cuts
(CNBC) Walt Disney’s Pixar Animation Studios has eliminated 75 positions including those of two executives behind the box office disappointment “Lightyear,” sources said on Saturday, the first significant job cuts at the studio in a decade. The cuts included “Lightyear” director […]
Boycotts hit stocks hard. Here’s what might be next for Bud, Target and others caught in the anti-Pride backlash
(CNBC) Even before Pride month was underway, it seems as if it was open season on companies celebrating the LGBTQ community. One by one, companies have come under an expanding attack. Anheuser-Busch,Target, Kohl’s and VF Corp.’s North Face brand have […]
New York State Common makes $1.7bn alts allocation
(Hedgeweek)New York State Common Retirement Fund, Albany, made eight alternative investment commitments totaling up to $1.7 billion in April, according to a report by Pensions & Investments citing a post on the website of state comptroller ,and the sole trustee […]
Former Coinbase Manager and His Brother Agree to Settle Insider Trading Charges Relating to Crypto Asset Securities
(HedgeCo.Net) The Securities and Exchange Commission has announced that former Coinbase product manager Ishan Wahi and his brother, Nikhil Wahi, agreed to settle charges that they engaged in insider trading through a scheme to trade ahead of multiple announcements regarding […]
Microsoft signs deal for A.I. computing power with Nvidia-backed CoreWeave that could be worth billions
(CNBC) Microsoft’s massive investment in OpenAI has put the company at the center of the artificial intelligence boom. But it’s not the only place where the software giant is opening its wallet to meet the surging demand for AI-powered services. […]
Senate passes bill to raise debt ceiling, preventing first-ever U.S. default
(CNBC) The Senate late Thursday passed a House-approved bill to raise the debt ceiling and cap government spending for two years, sending the legislation to President Joe Biden’s desk .He is expected to sign it Friday and address the nation […]
Stock futures inch higher as Wall Street eyes May jobs report: Live updates
(CNBC) Stock futures inched higher in overnight trading as traders looked ahead to Friday’s May jobs report. Futures tied to the Dow Jones Industrial Average gained 31 points, or 0.09%, while S&P 500 futures added 0.08%. Nasdaq-100futures rose 0.13%. Lululemon […]
MongoDB shares jump more than 20% after database company beats expectations and raises guidance
CNBC) Shares of MongoDB rose as much as 22% in extended trading Thursday after the database software maker issued blowout fiscal first-quarter earnings and lifted its full-year guidance. Earnings: 56 cents per share, adjusted, vs. 19 cents per share as […]
Ackman backs Dimon for president
(Hedgeweek)Pershing Square Capital Management founder Bill Ackman believes that Jamie Dimon should run for US president calling him an “exemplary leader” after the JPMorgan CEO expressed an interest in pursuing public office, according to a report by Bloomberg. To read […]
