Monthly Archives: June 2023
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 […]
March hedge fund redemptions total $18.31bn
(Hedgeweek) Hedge fund industry redemptions continued in March with $18.31 billion in net outflows, representing 0.37% of industry assets, according to the Barclay Fund Flow Indicator published by Backstop BarclayHedge. To read this article:
JPMorgan’s Dimon says other execs at the bank could have booted Epstein when he was a client
(CNBC) JPMorgan Chase CEO Jamie Dimon testified last week that top bank executive Mary Erdoes and the firm’s then-head lawyer had the authority to boot sex predator Jeffrey Epstein as a customer well before Erdoes finally took that step in […]
Dow futures inch lower after House passes debt ceiling bill: Live updates
(CNBC) Stock futures inched lower Wednesday after the U.S. House advanced the debt ceiling bill in a crucial step to avoid a U.S. default, advancing it to the Senate just days ahead of the default deadline. Futures on the Dow […]
Amazon to pay over $30 million in FTC settlements over Ring, Alexa privacy violations
(CNBC) Amazon will pay the Federal Trade Commission more than $30 million to settle allegations of privacy lapses in its Alexa and Ring divisions, according to filings on Wednesday. The agency filed a lawsuit alleging Amazon’s Ring doorbell unit violated […]
Bitcoin falls ahead of debt ceiling vote, caps its first losing month of the year
(CNBC) Bitcoin fell Wednesday to cap its first down month of the year as optimism around the debt ceiling rally fizzled. The crypto market leader lost 2.77% to trade at $27,057.81, according to Coin Metrics. Ether slipped 2.2% to $1,865.82. […]
UBS sees increase in hedge fund bets by family office clients
(Hedgeweek) Heightened market volatility and economic uncertainty stemming from surging inflation and rising interest rates, not to mention ongoing geopolitical tensions, have prompted UBS Group AG’s family office clients to significantly increase their allocations to hedge funds, according to a […]