Category Archives: Syndicated
Bitcoin rises to a new record as investors absorb growing Ukraine-Russia tensions
(CNBC) Bitcoin moved higher Tuesday, at one point breaching $94,000 for the first time, amid rising geopolitical tensions between Ukraine and Russia. The price of the flagship cryptocurrency was last higher by more than 1% at $92,616.00, according to Coin Metrics. […]
Digital assets funds YTD inflows break $33.5bn
(Hedgeweek) Digital asset inflows reached $2.2bn last week, bringing year-to-date inflows to a record-breaking $33.5bn, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares. To read this article:
CVS adds four to Board in deal with activist Glenview
(Hedgeweek) CVS Health is adding four new members to its board of directors, including Larry Robbins, CEO of Glenview Capital Management—the hedge fund firm which has been pushing for changes at the healthcare giant after acquiring a significant stake in […]
Stock futures open little changed ahead of major earnings reports: Live updates
(CNBC) Stock futures are little changed Monday night as investors await key earnings from retailers and chipmaker Nvidia this week. Futures tied to the Dow Jones Industrial Average lost 0.08%. S&P futures shed about 0.05%, while Nasdaq 100 futures traded marginally lower. To read this article:
Hedge funds up bitcoin ETF holdings amid election-driven arbitrage opportunities
(Hedgeweek) Major hedge funds, including Millennium Management, Capula Management, and Tudor Investment, significantly boosted their exposure to US spot bitcoin exchange traded funds (ETFs) in the third quarter, according to a report by Reuters citing securities filings. To read this […]
Activist hedge fund ValueAct adds $121m to Meta bet
(Hedgeweek) Activist hedge fund ValueAct Holdings has significantly increased its stake in Meta Platforms, acquiring 211,500 additional shares, worth $121.07m, during the third quarter of 2024, according to the firm’s latest 13F filing. To read this article:
Archegos founder Hwang should serve 21-years, say US prosecutors
(Hedgeweek) Bill Hwang, founder of Archegos Capital Management, should serve 21 years in prison for orchestrating a market manipulation scheme that collapsed his $36bn fund and inflicted more than $10bn in losses on lenders, according to a report by Reuters […]
Trump Media in reported talks to buy crypto trading platform Bakkt, sending shares soaring
(CNBC) Trump Media is in “advanced talks” to buy the cryptocurrency trading firm Bakkt, the Financial Times reported Monday, citing two people with knowledge of the talks. The news sent shares of both companies soaring. To read this article:
Super Micro hires new auditor to maintain Nasdaq listing; shares pop 37%
(CNBC) Embattled server maker Super Micro Computer said on Monday that it’s hired BDO as its new auditor and submitted a plan to Nasdaq detailing its efforts to regain compliance with the exchange. The shares jumped 37% in extended trading. “This is […]
Tesla stock pops after report Trump wants to relax U.S. self-driving rules
(CNBC) Tesla shares jumped Monday following a report that President-elect Donald Trump’s transition team is planning to make a federal framework to regulate self-driving vehicles a top priority for the U.S. Transport Department. Tesla’s stock closed up more than 5% Monday […]
S&P 500 futures slip as index heads for losing week:
(CNBC) S&P 500 futures inched lower Thursday night as investors wondered what’s next for the market after the postelection rally wavered. Futures tied to the Dow Jones Industrial Average lost 91 points, or 0.2%. S&P 500 futures slipped about 0.3%, while Nasdaq 100 […]
Powell says the Fed doesn’t need to be ‘in a hurry’ to reduce interest rates
(CNBC) Federal Reserve Chair Jerome Powell said Thursday that strong U.S. economic growth will allow policymakers to take their time in deciding how far and how fast to lower interest rates. “The economy is not sending any signals that we need to […]
