Monthly Archives: September 2022
Stock futures are flat ahead of the Federal Reserve’s expected interest rate hike
(CNBC) Stock futures were flat Tuesday evening as traders look ahead to Wednesday’s interest rate hike announcement from the Federal Reserve. Dow Jones Industrial Average futures rose by 12 points, or 0.04%. S&P 500 and Nasdaq 100 futures climbed 0.07% […]
Ford stock suffers worst day since 2011 after cost warning, shedding $7 billion in market value
(CNBC) Ford Motor’s stock suffered its worst day in more than 11 years, after the automaker pre-released part of its third-quarter earnings report and warned investors of $1 billion in unexpected supplier costs. Shares of Ford closed Tuesday at $13.09 […]
Salesforce co-CEO Benioff says there’s ‘no finish line when it comes to security’ after Uber hack
(CNBC) Salesforce co-CEO Marc Benioff said the cloud software company has much more to do in the area of cybersecurity following an attack at Uber involving Salesforce’s Slack chat app. Uber said on Monday that it believed a hacking group […]
Treasury warns against Russia’s efforts to evade sanctions with cryptocurrencies
(CNBC) Russian President Vladimir Putin could use cryptocurrencies to evade U.S. and other sanctions launched against the Kremlin for its unprovoked invasion of Ukraine, a Treasury official told lawmakers Tuesday. “Yes, senator, that’s possible,” Elizabeth Rosenberg, Treasury’s assistant secretary for […]
Sparkster to Pay $35 Million to Harmed Investor Fund for Unregistered Crypto Asset Offering
(HedgeCo.Net) The Securities and Exchange Commission has issued a cease-and-desist order against Sparkster Ltd. and its CEO, Sajjad Daya, for the unregistered offer and sale of crypto asset securities from April 2018 through July 2018 and charged crypto influencer Ian […]
Stock futures rise slightly with Fed set to kick off September meeting on Tuesday
(CNBC) Stock futures rose slightly on Tuesday morning as Wall Street looked to build on a modest rebound ahead of another rate hike from the Federal Reserve. Futures tied to the Dow Jones Industrial Average inched up 61 points, or […]
Ford warns investors of an extra $1 billion in supply chain costs during the third quarter
(CNBC) Ford Motor on Monday warned investors that the company expects to incur an extra $1 billion in costs during the third quarter due to inflation and supply chain issues. Ford said supply problems have resulted in parts shortages affecting […]
10-year Treasury yield jumps to 3.51%, the highest level since 2011
(CNBC) Treasury yields climbed on Monday as traders anticipated the Federal Reserve’s next moves in the face of persistently high inflation. The benchmark 10-year Treasury yield gained 6 basis points to 3.518%, hitting its highest level since April 2011, and […]
Bitcoin briefly drops to its lowest level in 3 months as risk assets continue to get crushed
(CNBC) Bitcoin fell to its lowest level in three months on Monday as investors dumped risk assets amid expectations of higher interest rates. The world’s largest cryptocurrency dropped as much as about 5% to hit an intraday low of $18,276, […]
Bridgewater boss predicts 20% fall in stocks if US interest rates hit 4.5%
(Hedgeweek) Billionaire hedge fund boss Ray Dalio believes Stock markets will plunge by 20% if the US Federal Reserve raises interest rates to 4.5% to tackle inflation, according to a report by Reuters. To read this article:
SEC Charges Blockchain Promoter and Companies with $4 Million Fraud
(Hedgeco.Net) The Securities and Exchange Commission has filed fraud charges against Gabriel Edelman and his affiliated entities, Creative Advancement LLC and Edelman Blockchain Advisors LLC, for fraudulently raising funds and misappropriating funds from investors. The SEC’s complaint alleges that, between […]
S&P 500 futures inch lower ahead of the Federal Reserve’s September meeting this week
(CNBC) S&P 500 futures were slightly lower on Sunday evening after the major averages posted their worst week since June and ahead of the Federal Reserve’s two-day meeting this week. Futures tied to the broad market index were down 0.24% […]
