Monthly Archives: June 2024

(CNBC) Crypto’s culture encourages investors to “HODL,” or hold on for dear life, in the rollercoaster ride of bitcoin’s extreme fluctuations. But this long-prized practice may diminish as adoption of ETFs grows, particularly if traditional investors who are accustomed to rebalancing their portfolios […]

(CNBC) Shares of Japanese automakers have largely plunged since the country’s transport ministry found false data used to certify certain models a week ago on Monday. Shares of Japan’s largest carmaker Toyota fell more than 5.4% last week, after the scandal broke on June […]

(CNBC) Customers of fintech firms that used Synapse to link up with banks had $265 million in balances. But the banks themselves only had $180 million associated with those accounts, trustee Jelena McWilliams said in a report filed late Thursday. The missing […]

(Hedgeweek) Omega Systems, a managed service provider to the hedge funds industry, has acquired Amnet Technology Solutions and Cloudpath, providing clients of both firms with access to Omega’s portfolio of managed IT, cybersecurity and regulatory compliance services. To read this […]

(Hedgeweek) EEX Group global power markets were up 47% year-on-year in May at 952.5 TWh, mostly driven by further significant growth on the French (+140% YoY), the Spanish (+129% YoY), and Japanese (+128% YoY) EEX power derivatives markets. To read […]

(CNBC) U.S. stock futures opened little changed on Thursday as investors geared up for Friday morning’s nonfarm payrolls report. Futures tied to the Dow Jones Industrial Average inched higher by 20 points, or 0.05%. Nasdaq 100 futures ticked up by less than 0.1%, while S&P […]

(CNBC) Investors will be looking to May’s nonfarm payrolls report for more clarity on whether the Federal Reserve can ease up in its battle against inflation. Economists surveyed by Dow Jones expect the Bureau of Labor Statistics to report that […]

(CNBC) Ratings agency Moody’s placed ratings of six U.S regional banks on review for downgrade on Thursday due to their substantial exposure to commercial real estate loans. The long-term ratings of First Merchants Corp, F.N.B. Corp, Fulton Financial Corp, Old National Bancorp, Peapack-Gladstone Financial Corp and WaFd were placed on review. To read this article:

(CNBC) Shares of GameStop shot to session highs Thursday after meme stock leader “Roaring Kitty” scheduled a livestream on YouTube, which would be his first one in almost four years. Roaring Kitty, whose real name is Keith Gill, set the time for […]

(CNBC) The Federal Trade Commission and the Justice Department are set to open antitrust investigations into Microsoft, OpenAI and Nvidia, examining the powerful companies’ influence on the artificial intelligence industry. The FTC will take the lead on looking into Microsoft and OpenAI, while the […]

(Hedgeweek) Reports that the Bank of Japan is likely to discuss the reduction of bond purchases as early as next week has prompted hedge funds to pivot on yen options trades and up their bullish bets on the currency, according […]