Billionaire Chris Rokos’s hedge fund cemented its position as one of the best performing macro money pool so far this year, with year-to-date gains now reaching about 20%.  #hedgefunds

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Barclays has begun cutting hundreds of jobs as the firm embarks on a £2 billion cost-cutting drive that’s part of Chief Executive Officer C.S. Venkatakrishnan’s yearslong plan to boost returns. #banking

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Global #bondmarkets will take their next cue from a slew of US economic data and the Federal Reserve’s decision, all of which risk pushing a rebound in fixed-income assets further into the future.

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Yemen’s Iranian-backed Houthis are threatening merchant ships hundreds of miles out in the Indian Ocean after striking a container vessel well beyond the Red Sea last week, maritime officials and experts have warned.

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“The regulatory environment for #digitalassets in the US is lagging behind peer nations,” said Lee ₿ratcher of the Texas Blockchain Council. “Despite this, the rays of sunshine and clarity coming from states like #Texas make me optimistic for the future.”

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The Japanese government can expect to have realized “windfall” profits if officials did indeed intervene in currency markets by selling dollars and buying #yen on Monday. #Japan

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The #options market is more concerned about a potentially big move in the S&P 500 Index off of the Federal Reserve’s interest-rate decision Wednesday than it’s been at any point in almost a year.

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Elon Musk has shut down the division that runs Tesla’s Supercharger business, dismissed two senior executives and fired hundreds more staff as the electric-car maker continues its restructuring amid a sharp downturn in the EV market.

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A UK government #bond auction was oversubscribed by a record amount, with the highest #yields in months attracting buyers again and assuaging concerns that a glut of issuance would dent appetite for the #securities .

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#Japan likely conducted its first #currency intervention since 2022 to prop up the #yen on Monday.

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Apple has poached dozens of #AI experts from Google and has created a secretive European laboratory in Zurich, as the #tech giant builds a team to battle rivals in developing new AI models and products

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Avi Eisenberg brazenly drained $110 million from the #DeFi protocol Mango Markets in October 2022 when he rapidly inflated the price of  #MNGO , the protocol’s governance token.  #crypto

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A pair of traders in #HongKong have left Societe Generale after the French bank discovered a batch of risky bets that went undetected by the firm’s #riskmanagement systems. #banking

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Elon Musk appears to be on the cusp of deploying Tesla’s “full self-driving” system in the world’s biggest car market. #electricvehicles

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HSBC’s chief executive Noel Quinn is to retire unexpectedly after five years, setting off a hunt for a successor at the UK-based bank. #banking

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#DisruptionBanking is supporting the prestigious Point Zero Forum this year.

For tickets and more information click on the below link,

Disruption Banking readers can get a 20% discount on Industry Passes:

registration.pointzeroforum.com/pzf2024/person…

#China ’s central bank has advised some regional lenders to curtail their ultra-long bond investments to mitigate risks. #bonds

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Citi and JPMorgan Chase & Co. are among banks recommending buying the Turkish #lira  as the spread between offshore and onshore yields widens, signaling foreign investors betting on the currency via #derivatives .

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The #yen surged after touching its weakest level against the #dollar in 34 years, amid speculation the Japanese government intervened to support its beleaguered currency for the first time since 2022. #Japan

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Spanish beauty group Puig is aiming for a top-of-the-range valuation of nearly €14bn in its initial public offering due on Friday, signalling strong demand in a deal set to be Europe’s largest market debut this year. #IPOs

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