Monthly Archives: August 2023
Thursday’s inflation data may be low, but don’t expect the Fed to declare ‘mission accomplished’ yet
(CNBC) Thursday’s consumer price index report likely will show that the pace of price increases is easing, but not enough to get the Federal Reserve to retreat on its inflation fight. If the Wall Street consensus as gauged by Dow […]
‘Blatant economic coercion’: China slams Biden’s order limiting U.S. overseas tech investment
(CNBC) China sharply rebuked President Joe Biden’s long-awaited executive order that limits U.S. investment in technology — but stopped short of issuing immediate counter measures. The Chinese commerce and foreign affairs ministries issued strong responses on Thursday, just hours after […]
Rokos macro fund level for 2023 after 3.7% July gain
(Hedgeweek) Rokos Capital Management’s macro hedge fund, which is one of the world’s biggest with $14bn in assets, has fully recouped the losses it suffered earlier in the year having racked up a gain of 3.7% in July, according to […]
Viking to reopen flagship hedge fund after a decade
(Hedgeweek) Viking Global Investors, US-based hedge fund founded by ‘Tiger Cub’ Ole Andreas Halvorsen in 1999, has reopened its flagship long/short hedge fund to new capital after being closed for over a decade, according to a report by Reuters. To […]
Roblox shares drop 21% after company misses estimates on top and bottom line
(CNBC) Shares of Roblox closed down more than 21% Wednesday after the company reported second-quarter results that missed analysts’ expectations on top and bottom lines. Here’s how the company did: Loss per share: 46 cents loss vs. 45 cents loss per share expected, […]
11 Wall Street Firms Charged with Widespread Recordkeeping Failures and $289 Million in Fines
(HedgeCo.Net) The Securities and Exchange Commission files charges against 10 firms in their capacity as broker-dealers and one dually registered broker-dealer and investment adviser for widespread and longstanding failures by the firms and their employees to maintain and preserve electronic […]
PayPal Tries to drag 435 million users into the $120 billion stablecoin market — here’s why
(CNBC) PayPal this week became the first major U.S. fintech company to offer its own crypto token with a dollar-pegged stablecoin known as PayPal USD, making big promises of how it can move money between millions of crypto investors. The […]
Stock futures are little changed after Tuesday’s losses: Live updates
(CNBC) U.S. stock futures were little changed Tuesday night following a selloff for the major averages. Dow Jones Industrial Average futures fell by 27 points, or 0.08%. S&P 500 futures dipped 0.06%, while Nasdaq 100 futures declined 0.06%. In extended […]
From $40 billion to ‘going concern’ — WeWork warns of possible bankruptcy
(CNBC) Four years ago WeWork was preparing for a blockbuster IPO. Now the company is warning of possible bankruptcy. “Our losses and negative cash flows from operating activities raise substantial doubt about our ability to continue as a going concern,” […]
Technology and financials lead July hedge fund gains
(Hedgeweek) Hedge funds extended their June performance surge through July, again led by technology, AI and growth, with gains in these areas complemented by shareholder activist, financials and commodity sub-strategies, according to data from HFR. To read this article:
Hedge funds to face UK stress test
(Hedgeweek) Hedge funds Brevan Howard, Citadel, Millennium Capital Partners, Rokos Capital Management and Capula Investment Management are on a list of more than 50 City institutions to take part in the Bank of England’s first-ever stress tests involving the shadow […]
Point72 ups Singapore headcount to over 100
(Hedgeweek) Point72 Asset Management, the hedge fund firm founded by Steve Cohen, now employs more than 100 people in Singapore having upped its headcount in the city state by more than 50% since early 2022, according to a report by […]
