Monthly Archives: August 2022
Stock futures are slightly higher ahead of Friday’s session
(CNBC) Stock futures inched higher early on Friday after the Dow Industrial Average and S&P 500 closed near flat following a short-lived rally on the back of another positive inflation report. Futures tied to the Dow Jones added 45 points, […]
Ethereum just pulled off its final test run ahead of one of the most important events in crypto
(CNBC) Ethereum, the second-largest cryptocurrency by market value, just ran a final dress rehearsal ahead of a years-awaited upgrade that’s been billed as one of the most important events in the history of crypto. Since its creation almost a decade […]
Zoom investor tells startup ‘Forget the past three years’ accept 50% valuation hit
(CNBC) Eugene Zhang, a veteran Silicon Valley investor, recalls the exact moment the market for young startups peaked this year. The firehose of money from venture capital firms, hedge funds and wealthy families pouring into seed-stage companies was reaching absurd […]
Hedge funds enjoy 2.89% July surge following surprise equities bounce
(Hedgeweek) YTD hedge fund returns remain negative at -6.95% up to the end of July, but ahead of the S&P 500 Total Return Index, which despite strong performance in July remains down -12.58% so far in 2022. To read this […]
Managed futures down 0.64% in July
(Hedgeweek) The managed futures industry slipped to a monthly loss in July, down -0.64% according to the Barclay CTA Index, compiled by BarclayHedge. Despite the fall, CTAs remain in positive territory for the year, up 7.68%. CTAs had posted gains in […]
SEC looking to increase level of hedge and private fund leverage disclosures
(Hedgeweek) The US Securities and Exchange Commission (SEC) has drafted a new rule aimed at increasing the amount of leverage information disclosed by hedge and other private funds, according to a report by Reuters. To read this article:
Dow futures tick higher after Wednesday’s market rally
(CNBC) Dow futures were higher early on Thursday after all the major averages posted sharp gains on the back of a better-than-expected July inflation report. Futures tied to the Dow Jones added 0.29% or 95 points, while S&P 500 futures […]
Consumer prices rose 8.5% in July, less than expected as inflation pressures ease a bit
(CNBC) Prices that consumers pay for a variety of goods and services rose 8.5% in July from a year ago, a slowing pace from the previous month due largely to a drop in gasoline prices. On a monthly basis, prices […]
Hackers have stolen $1.4 billion this year using crypto bridges. Here’s why it’s happening
(CNBC) Crypto investors have been hit hard this year by hacks and scams. One reason is that cybercriminals have found a particularly useful avenue to reach them: bridges. Blockchain bridges, which tenuously connect networks to enable the fast swaps of […]
Disney raises streaming prices after services post big operating loss
(CNBC) Disney unveiled a new pricing structure that incorporates an advertising-supported Disney+ as part of an effort to make its streaming business profitable. Starting Dec. 8 in the U.S., Disney+ with commercials will be $7.99 per month — currently the […]
JPMorgan metals traders found guilty in landmark ‘spoofing’ case
(CNBC) Two former JPMorgan Chase employees were found guilty on some charges in a landmark trial over futures market manipulation on Wednesday, while a third former trader was acquitted entirely, a spokesperson for the Department of Justice said. The bank’s […]
What ‘crypto winter?’ Schwab launches ETF giving investors significant cryptocurrency exposure
(CNBC) Investors have a new way to buy cryptocurrenciesSchwab Asset Management released its Schwab Crypto Thematic ETF (STCE) this month to answer investor demand. David Botset, who was directly involved in the launch, told CNBC’s “ETF Edge” the new product […]
