Monthly Archives: March 2022
Biden just put out an executive order on cryptocurrencies — here’s everything that’s in it
(CNBC) It’s a long-awaited directive that has had the crypto industry on edge, not least due to growing regulatory concern around the world surrounding the nascent digital asset market. There had been reports of a divide between White House officials […]
Stock futures are little changed after S&P 500?s best one-day rally since 2020
(CNBC) Stock futures are little changed in overnight trading Wednesday after the major indexes posted sharp gains as commodity prices cooled. Futures on the Dow Jones Industrial Average dipped about 20 points. S&P 500 futures were near flat and Nasdaq […]
APAC venture capital investments in fintech surge to a record high of $15.69bn in 2021
(Opalesque) Venture capital investments in APAC-based fintech surged to a record high of $15.69 billion in 2021, more than double the prior year’s figure of $5.87 billion, said a study. While this growth followed subdued funding activity in 2020, the […]
Siblings Charged in $124 Million Crypto Fraud Operation that included Misleading Roadshows, YouTube Videos
(HedgeCo.Net) The Securities and Exchange Commission has charged siblings John and JonAtina (Tina) Barksdale with defrauding thousands of retail investors out of more than $124 million through two unregistered fraudulent offerings of securities involving a digital token called “Ormeus Coin.” […]
Crude Oil Jumps 7% on U.S. ban of Russian imports, but trades off session highs
(CNBC) Oil prices jumped to their highs of the session Tuesday as President Joe Biden announced a ban on Russian fossil imports including oil in response to the country’s invasion of Ukraine. WTI crude oil popped as much as 7% […]
Stock futures Move Up as Investors Assess Rising Commodities and Ongoing War in Ukraine
(CNBC) S&P 500 futures were higher Tuesday evening as investors continued to assess a surge in commodity prices and high inflation while the war in Ukraine continues. Futures tied to the Dow Jones Industrial Average rose 201 points, or 0.62%. […]
Iconic U.S. brands Coca-Cola, Pepsi, McDonald’s and Starbucks suspend business in Russia
(CNBC) PepsiCo, Coca-Cola, McDonald’s and Starbucks each said Tuesday they are suspending business in Russia after that country’s invasion of Ukraine, a symbolic move by four iconic U.S. brands. Pepsi has sold it products in Russia for more than six […]
U.S. funding ratio of ‘$20 billion club’ rises to 93.8% in 2021
(Opalesque) The average funding ratio of 19 U.S. publicly listed corporations with more than $20 billion in global pension fund liabilities totaled 93.8% at the end of 2021, up from 86.2% at the start of the year, said a study. […]
Macro hedge funds led industry gains in February
(Opalesque) Macro hedge funds led industry-wide gains in February, extending the strong start to 2022 by again posting negatively-correlated gains as financial market volatility surged across equity, fixed income, commodity, and currency markets as Russia invaded Ukraine. The HFRI 500 […]
Professional investors see bitcoin as a good hedge against inflation, says new study by Nickel
(Hedgeweek) Three in four professional investors (73 per cent) believe that because there are a finite number of bitcoins, the cryptocurrency is a viable asset to hedge against rising inflation. To read this article:
SEC Charges Previously-Barred Investment Adviser with Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged a previously-barred North Carolina-based investment adviser with lying to retail investors about the use and value of their investments. The SEC’s complaint alleges that, starting in approximately February 2019, David W. Schamens […]
World is facing a ‘game changer’ as Russia’s war roils energy markets, says OPEC’s Barkindo
(CNBC) Mohammad Barkindo, secretary general of OPEC, said Monday that in the face of skyrocketing energy prices the group’s mission remains to act as a reliable supplier. He said the oil-producing alliance has “no control over current events” and that […]