Monthly Archives: September 2022
Inflation ‘collapse’ will launch powerful market rally, Credit Suisse predicts
(CNBC) Credit Suisse expects the Federal Reserve to pause interest rate hikes sooner than widely expected due to tumbling inflation. According to the firm’s chief U.S. equity strategist, it will launch a powerful market breakout. “This is actually what’s being […]
Whampoa Group to launch crypto-related hedge and VC funds
(Hedgeweek) Singapore-based multi-family office Whampoa Group is planning niogn to raise $50 million for a new cryptocurrency hedge fund and also deploy $100 million via a venture capital fund focused on the same space, according to a report by Bloomberg. […]
U.S. judge sets October 2023 trial for Archegos founder Bill Hwang
(Reuters) Bill Hwang, the Archegos Capital Management founder accused of saddling banks with $10 billion of losses from highly leveraged trades that went sour, will go on trial in October of next year on racketeering and fraud charges, a U.S. […]
SEC Charges “Money Magnet” Promoter and Company with Offering Fraud Totaling Approximately $300,000
(HedgeCo.Net) The Securities and Exchange Commission has charged Money Magnet Platinum Membership Initiative LLC (“MMPMI”) and its principal, LaKenya Hopkins, with fraudulently raising funds and misappropriating those funds from investors. The SEC’s complaint alleges that, between late 2020 and early […]
Coinbase bankrolls lawsuit against Treasury Department following Tornado Cash sanctions
(CNBC) Coinbase is footing the bill for a lawsuit filed against the Treasury Department Thursday by users of the recently sanctioned crypto service, Tornado Cash. The six plaintiffs include Coinbase employees and other users of the mixing service that was […]
Stock futures are little changed as traders consider Powell’s latest comments on inflation
CNBC) U.S. stock futures were little changed on Thursday night following a choppy trading session as traders considered Federal Reserve Chair Jerome Powell’s latest comments on inflation. Dow Jones Industrial Average futures rose by 30 points, or 0.09%. S&P 500 […]
Fed Chair Powell vows to raise rates to fight inflation ‘until the job is done’
(CNBC) Federal Reserve Chair Jerome Powell in an appearance Thursday emphasized the importance of getting inflation down now before the public gets too used to higher prices and comes to expect them as the norm. In his latest comments underlining […]
Tesla changes leadership and sets new goals at Nevada Gigafactory
(CNBC) Tesla has shaken up leadership at the Gigafactory, its sprawling battery plant outside of Reno, Nevada, and is setting new goals for the facility. Former Vice President of Gigafactory Operations, Chris Lister was promoted to oversee the Gigafactory. To […]
CFTC fines Natixis $2.8m for failing to supervise derivatives trading desks
(Hedgeweek) The Commodity Futures Trading Commission has issued an order filing and settling charges against Natixis, requiting the global bank and swap dealer to pay a $2.8 million penalty for failure to diligently supervise traders on the bank’s New York-based […]
Digital asset investment products see minor inflows of $9.2m
(Hedgeweek) Digital asset investment products saw minor inflows totalling $9.2 million, according to the latest Weekly Fund Flows Report from CoinShares, although the predominant inflow was into short investment products. To read this article:
New Fed banking chief targeting crypto and climate change as top priorities
(CNBC) The Federal Reserve’s new banking regulator outlined a broad agenda in a speech Wednesday that pushed for action on stablecoins, climate change preparations and both the safety and fairness of the finance industry. To read this article:
Market bracing for another three-quarter point hike from the Fed this month
(CNBC) Traders are now seeing a near certainty that the Federal Reserve enacts its third consecutive 0.75 percentage point interest rate increase when it meets later this month. The probability of a three-quarter point hike moved to 82% on Wednesday […]
