Monthly Archives: September 2022
Two former eBay executives sentenced to prison for involvement in cyberstalking scheme
(CNBC) James Baugh, eBay’s former senior director of safety and security, was sentenced to almost five years in prison, while eBay’s former director of global resiliency, David Harville, was given two years behind bars. Both pleaded guilty to charges in the […]
Stock futures are up slightly following Thursday’s broad sell-off
(CNBC) Stock futures were up slightly Thursday evening following a sharp sell-off that brought the S&P 500 to a new 2022 low. Futures for the S&P 500 were up 0.26%. The Dow Jones Industrial Average futures were up 0.17%. Nasdaq […]
Ken Griffin says Fed has not done enough, must continue on its path to reset inflation expectations
(CNBC) Ken Griffin, Citadel’s founder and CEO, believes the Federal Reserve has more work to do to bring down inflation even after a series of big rate hikes. “We should continue on the path that we’re on to ensure that […]
Hedge fund Cirera Capital to close after boss opts to join ExodusPoint
(Hedgeweek) Hedge Fund Cirera Capital is liquidating with co-founder Ahmet Arinc, the former head of forex at Deutsche Bank, set to join multi-strategy firm ExodusPoint Capital Management, according to a report by Bloomberg. To read this article:
Multi-strategy hedge funds continue to attract net allocations
(Hedgeweek) Multi-strategy hedge funds were again the capital raising winners in August bringing in a net +$2.75 billion, and taking year to date inflows to +$18.37 billion, according to a report by AlphaWeek. To read this article:
16 Wall Street Firms Charged with Widespread Recordkeeping Failures
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against 15 broker-dealers and one affiliated investment adviser for widespread and longstanding failures by the firms and their employees to maintain and preserve electronic communications. The firms admitted the facts set […]
Stock market losses wipe out $9 trillion from Americans’ wealth
(CNBC) Falling stock markets have wiped out more than $9 trillion in wealth from U.S. households, putting more pressure on family balance sheets and spending. Americans’ holdings of corporate equities and mutual fund shares fell to $33 trillion at the […]
Crypto founder behind $60 billion collapse says he is not hiding after Interpol issues arrest notice
(CNBC) Do Kwon, the founder of Terraform Labs, insists he’s not on the run from South Korean authorities after the country’s prosecutors’ office said it had received an international arrest warrant for the cryptocurrency executive. Kwon’s company was behind the […]
Stock futures fall after S&P 500 hits new low for the year; 10-year Treasury yield briefly tops 4%
(CNBC) Stock futures were lower on Wednesday morning after a relief rally failed during regular trading hours and the S&P 500 hit a new intraday low for the year. Futures tied to the Dow Jones Industrial Average lost 173 points, […]
Mary Daly says the Fed does not want to tip U.S. economy into downturn
(CNBC) San Francisco Federal Reserve Bank President Mary Daly said on Tuesday that the U.S. central bank is “resolute” about bringing down high inflation but also wants to do so “as gently as possible” so as not to drive the […]
Celsius CEO resigns in the middle of bankruptcy proceedings
(CNBC) Celsius Network CEO Alex Mashinsky submitted a letter of resignation Tuesday, months after the crypto company filed for Chapter 11 bankruptcy protection. Mashinsky’s resignation is effective immediately, but he said in a release that he will continue to help the […]
Seven-week bull run on bitcoin-short positions ends with outflows of $5m
(CNBC) Digital asset investment products saw inflows totalling $8.3 million last week, a continuation of the tepid investor appetite for digital assets at present, according to the latest Digital Asset Fund Flows Weekly report from CoinShares. To read this article:
