Monthly Archives: September 2022
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% […]
Turning point for the crypto community? Where bitcoin goes from here
(CNBC) It’s been a strenuous year for the crypto business. After hitting a high of more than $68,000 in November 2021, bitcoin has plunged to hover around $20,000.But for long-term ETF investors, some experts advise to take crypto’s comedown in […]
Volkswagen targets $70.1 billion to $75.1 billion valuation in planned Porsche IPO
(CNBC) Volkswagen is targeting a valuation of up to 75 billion euros ($75.1 billion) for luxury sportscar maker Porsche, it said on Sunday, in what will be Germany’s second-largest initial public offering (IPO) in history. Volkswagen will price preferred shares […]
SS&C GlobeOp Hedge Fund Performance Index at 0.54% for August
(Hedgeweek) Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.31% in September. “SS&C GlobeOp’s Capital Movement Index for September 2022 rose 0.31%, reflecting positive net flows into funds,” To read this article: