Monthly Archives: September 2023
Stock futures are little changed ahead of Fed rate decision: Live updates
(CNBC) Stock futures were calm on Tuesday evening as Wall Street geared up for the latest interest rate decision and economic update from the Federal Reserve. Futures tied to the Dow Jones Industrial Average were flat. S&P 500 futures and […]
Here’s everything the Fed is expected to do Wednesday
(CNBC) As often has been the case, this week’s Federal Reserve meeting will be less about what policymakers are doing now than what they expect to be doing in the future. In the now, there’s virtually no chance the U.S. […]
Griffin has doubts over longevity of US stock market rally
(Hedgeweek) Ken Griffin, founder of CDEO of US multi-strategy major Citadel, has expressed doubts over the longevity of the recent stock market rally and has also said he is concerned about the country’s current fiscal situation, according to a report […]
Lyft Hit with $10m Penalty For Failing to Disclose Board Member’s Financial Interest in Private Shareholder’s Stock Transaction
(HedgeCo.Net) The Securities and Exchange Commission has charged Lyft Inc. for failing to disclose a company board director’s role in a shareholder’s sale of approximately $424 million worth of private shares of Lyft’s stock prior to the company’s initial public […]
Big five hedge funds have doubled US stock market footprint since 2014, says Goldman
(Hedgeweek) A Goldman Sachs client note has revealed that the world’s five largest hedge fund firms, have doubled the size of their holdings in US stocks through leverage and trading positions since 2014, according to a report by Reuters. To […]
CEO of Block’s Square business Alyssa Henry to leave company
(CNBC) The CEO of Square, a unit of fintech company Block will leave the company, according to a regulatory filing on Monday. Alyssa Henry will leave on Oct. 2 after more than nine years with the company, the filing said. […]
Stock futures are little changed ahead of Fed policy meeting: Live updates
(CNBC) Stock futures were flat in overnight trading Monday as Wall Street readied for the start of the Federal Reserve’s two-day September policy meeting. Futures tied to the Dow Jones Industrial Average added 16 points, or 0.04%, while S&P 500 […]
Elon Musk says Twitter, now X, is moving to monthly subscription fees and has 550 million users
(CNBC) Elon Musk discussed his plans for Twitter, now called X, on Monday during a livestreamed conversation with Israeli Prime Minister Benjamin Netanyahu. Among other things, Musk said the social network is “moving to having a small monthly payment for […]
Instacart prices IPO at $30 a share, valuing grocery-delivery company at about $10 billion
(CNBC) Instacart, the grocery-delivery company that saw its business boom during the pandemic, priced its long-awaited IPO at $30 a share on Monday, and will become the first notable venture-backed tech company to hit the U.S. public market since December […]
CFTC Orders Utah Man to Pay More Than $2.5 Million for Leveraged Bitcoin Fraud
(HedgeCo.Net) The Commodity Futures Trading Commission has issued an order simultaneously filing and settling charges against Jacob Orvidas. The order finds Orvidas fraudulently solicited at least four people (pool participants) to trade leveraged bitcoin in a commodity pool, lost almost […]
Stock futures are little changed as Wall Street awaits Fed meeting: Live updates
(CNBC) U.S. stock futures inched up Sunday night as investors look toward the Federal Reserve’s next policy decision. Futures tied to the Dow Jones Industrial Average added 32 points, or 0.1%. The S&P 500 and Nasdaq 100 futures also ticked […]
Larger hedge funds outperform smaller funds in August: hedge fund news
(Opalesque) In the week ending September 15th 2023, HFR reported that hedge funds posted mixed strategy performance in the volatile month of August as inflationary pressures remained persistent, interest rates increased, and equities declined. The HFRI Fund Weighted Composite Index […]
