Monthly Archives: March 2023

Stock futures are mixed Wednesday morning following a selloff fueled by Powell’s comments: Live updates

(CNBC) U.S. stock futures were mixed on Wednesday’s morning. The action comes after a selloff spurred by Federal Reserve Chairman Jerome Powell’s comments indicating interest rates may need to go higher for longer. Dow Jones Industrial Average futures ticked higher […]

Fed Chair Powell says interest rates are ‘likely to be higher’ than previously anticipated

(CNBC) Federal Reserve Chairman Jerome Powell on Tuesday cautioned that interest rates are likely to head higher than central bank policymakers had expected. Citing data earlier this year showing that inflation has reversed the deceleration it showed in late 2022, […]

Warren Buffett’s Berkshire Hathaway buys more Occidental Petroleum shares

(CNBC) Warren Buffett’s Berkshire Hathaway added to its already large Occidental Petroleum stake over the past trading sessions, a regulatory filing revealed Tuesday evening. The Omaha-based conglomerate bought nearly 5.8 million shares of the oil company in a few separate […]

Digital assets funds see fourth week of outflows

(Hedgeweek) Digital assets investment products saw minor outflows totalling $17 million last week, marking the fourth consecutive week of negative sentiment, according to the latest Digital Asset Funds Flows Weekly report from CoinShares. To read this article:

Emergency Action Filed Against Miami Investment Adviser BKCoin and Principal for Alleged $100 Million Crypto Fraud Scheme

(Hedgeco.Net) The Securities and Exchange Commission has announced that it filed an emergency action in which it successfully obtained an asset freeze, appointment of a receiver, and other emergency relief against Miami-based investment adviser BKCoin Management LLC and one of […]

Stock futures are flat as Wall Street awaits Fed Chair Powell’s comments: Live updates

(CNBC) U.S. stock futures were little changed on Monday night as traders await Federal Reserve Chair Jerome Powell’s latest comments on the state of the economy. Dow Jones Industrial Average futures rose by 11 points, or 0.03%. S&P 500 futures […]

Fed’s Powell heads to Capitol Hill this week, and he’s going to have his hands full

(CNBC) Federal Reserve Chairman Jerome Powell is set to appear before Congress with a tall task: Persuade legislators that he’s committed to bringing down inflation while not pulling down the rest of the economy at the same time. Markets have […]

Coinbase acquires crypto hedge fund

(Hedgeweek) Coinbase has acquired One River Digital Asset Management (ORDAM), a digital asset manager and SEC-registered investment adviser, from One River Asset Management, according to a report by the Wall Street Journal. To read this article:

Bridgewater raises over $800m for new ‘Defensive Alpha’ strategy

(Hedgeweek) Bridgewater Associates has raised over $800 million for a new hedge fund strategy designed to protect investments during equity bear markets by generating returns negatively correlated to equities, according to a report by Reuters. To read this article:

Commodity traders see $115bn in gross margins in 2022

(Hedgeweek) Research by consultants at Oliver Wyman has highlighted that market volatility driven by Russia’s war in Ukraine fuelled gross margins at commodity traders to about $115 billion last year, according to a report by Bloomberg. To read this article:

Bybit and Talos partner to ‘streamline’ institutional digital assets trading

(Hedgeweek) Bybit, the world’s third most visited crypto exchange, has partnered with Talos, an institutional digital asset trading technology specialist, to provide ‘streamlined’ access to institutions looking to get into the crypto space via the Talos platform. To read this […]

Silver Edge Financial and Equity Acquisition Company Charged With Unregistered Broker-Dealer Activity

(HedgeCo.Net) The Securities and Exchange Commission has charged Silver Edge Financial LLC, Equity Acquisition Company Ltd. (EAC), the owners of both companies, and sales staff of Silver Edge Financial with unregistered broker-dealer activity relating to their sales of interests in […]