Monthly Archives: June 2023
SEC Files 13 Charges Against Binance Entities and Founder Changpeng Zhao
(HedgeCo.Net) Charges include operating unregistered exchanges, broker-dealers, and clearing agencies; misrepresenting trading controls and oversight on the Binance.US platform; and the unregistered offer and sale of securities. The Securities and Exchange Commission has charged Binance Holdings Ltd. (“Binance”), which operates […]
Australia’s central bank hikes rates by 25 basis points, defies expectations
(CNBC) The Reserve Bank of Australia on Tuesday again defied market expectations and raised its benchmark rate by 25 basis points to 4.1%. Economists polled by Reuters were widely expecting the central bank to hold its rates steady. The Australian […]
Stock futures are down slightly on Monday evening after rally takes a breather: Live updates
(CNBC) Stock futures are modestly lower Monday night as investors are coming off a losing session that took a small bite out of last week’s advance. Futures tied to the Dow Jones Industrial Average shed 30 points, or 0.1%. S&P […]
Bitcoin drops below $26,000 after SEC sues crypto exchange Binance
(CNBC) Cryptocurrency prices dropped Monday after the U.S. Securities and Exchange Commission charged Binance, the largest crypto exchange in the world, with violating securities laws. Bitcoin fell 5.5% to $25,662.50, its lowest level since March, according to Coin Metrics. Ether […]
Intel drops as Apple moves to its own silicon on all computers
(CNBC) Intel shares fell Monday as Apple said an upcoming Mac Pro computer will include a new homemade chip, representing the completion of the company’s effort to bring its own processors to its entire PC lineup. The M2 Ultra, which […]
Hedge funds and asset managers boost yen short positions
(Hedgeweek) Speculation that the Bank of Japan isn’t likely to change tack on its existing easy-money monetary policy anytime soon has prompted hedge fund and asset managers to up their bearish positions in the yen, according to a report by […]
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 […]