DIRS.INFO The most relevant business & tech news

☆ Blaming the other guy distracts from the real problem, says Vanity Fair's Bethany McClean of bank crisis
▼ + stars: | 2023-03-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlaming the other guy distracts from the real problem, says Vanity Fair's Bethany McClean of bank crisisAnthony Scaramucci of SkyBridge Capital, John Hope Bryant of Operation Hope and Vanity Fair contributing editor Bethany McClean join CNBC's Brian Sullivan and 'Last Call' to discuss who was responsible for the collapse of Silicon Valley Bank.

☆ YouTube lifts restrictions on Trump's account
▼ + stars: | 2023-03-17 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

Google -owned YouTube will allow former President Donald Trump's account to post new videos as of Friday, lifting restrictions put in place following the Jan. 6 insurrection at the U.S. Capitol. In 2021, then-YouTube CEO Susan Wojcicki said Trump's restrictions would be lifted when it believed the risk of real-world violence had subsided. The account was not terminated from the site, but could not upload new videos under the restrictions. The company also noted that Trump's posts on YouTube tend to differ from those on other platforms, often including reuploads from news networks. As of Friday, Trump's YouTube account has more than 2.6 million subscribers.

☆ Investors implore the government to step in after Silicon Valley Bank failure
▼ + stars: | 2023-03-11 | by ( Matt Rosoff | ) www.cnbc.com time to read: +5 min

Big names in Silicon Valley and the finance sector are calling publicly for the federal government to push another bank to assume Silicon Valley Bank's assets and obligations after the financial institution failed on Friday. But the vast majority of SVB's customers were businesses that had more than that on deposit at the bank. As of December, more than 95% of the bank's deposits were uninsured, according to regulatory filings. Investors are concerned that these failures could reduce confidence in the banking sector, particularly mid-sized banks with under $250 billion in deposits. "This was a hysteria-induced bank run caused by VCs," Ryan Falvey, a fintech investor at Restive Ventures, told CNBC on Friday.

☆ 'Our phones are ringing off the hook': Amid a global downturn, the finance world is chasing Middle Eastern money
▼ + stars: | 2023-03-09 | by ( Natasha Turak | ) www.cnbc.com time to read: +5 min

The region's 10 largest sovereign wealth funds combined manage nearly $4 trillion, according to the Sovereign Wealth Fund Institute. The regional investors, especially the sovereign funds but also the families, are now much more sophisticated than before. Follow the capitalAs oil prices made a roaring comeback in the last two years, the Gulf's public wealth funds went on a spending spree. It added that GCC sovereign wealth funds "played an important role in 2020 during the Covid-19 pandemic and now again in 2022 during times of financial distress." Our phones are ringing off the hook," one manager from a UAE investment fund said, declining to be named due to professional restrictions.

☆ Desantis' Disney World oversight board holds initial meeting
▼ + stars: | 2023-03-08 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDesantis' Disney World oversight board holds initial meetingFormer U.S. Senator Heidi Heitkamp (D-N.D.), SkyBridge Capital's Anthony Scaramucci and entrepreneur Vivek Ramaswamy, who's running for president, discuss Florida Gov. Ron Desantis' ongoing battle with Disney.

☆ Anthony Scaramucci says the U.S. needs stronger leadership and better direction
▼ + stars: | 2023-03-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnthony Scaramucci says the U.S. needs stronger leadership and better directionAnthony Scaramucci, Skybridge Capital founder, says Donald Trump is unlikely to win the elections, but "things happen in America that are unexpected."

☆ If Donald Trump were president during Russia's invasion of Ukraine, Vladimir Putin’s forces would be in Poland right now, Scaramucci says
▼ + stars: | 2023-03-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIf Donald Trump were president during Russia's invasion of Ukraine, Vladimir Putin’s forces would be in Poland right now, Scaramucci saysAnthony Scaramucci, founder of Skybridge Capital, says that Russian President Vladimir Putin's forces would be in Poland right now, if Donald Trump were U.S. president.

☆ The stock market is on the verge of signaling that the bear market is finally over
▼ + stars: | 2023-02-28 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The S&P 500 is on the verge of signaling that the bear market decline that started last year is finally over. The signal tracks the 10-month moving average, and since 1960 it has had a perfect record in ending a bear market. Since 1960, it has been triggered a total of 14 times, and each time proved that the bear market low was already in. That means if this current trigger proves to be successful, the mid-October low in the S&P 500 of just under 3,500 will indeed prove to be the bear market low. "Every time since 1960: Barring a close [below] 3,947, the bear market low (i.e.

☆ Anthony Scaramucci highlights a bullish stock market signal that suggests the bear market is finally over
▼ + stars: | 2023-02-17 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The S&P 500 just flashed a bullish signal that suggests the bear market is over, according to Anthony Scaramucci. Recent strength in the stock market has helped the S&P 500 trade above its 200-day moving average for more than 18 days. That signal is the fact that the S&P 500 has traded above its 200-day moving average for 18 consecutive trading days. The S&P 500 traded higher one and two months later 91% and 82% of the time, respectively. The S&P 500 never went on to make new lows, or even test its bear market low.

☆ Former CNN anchor Chris Cuomo: 'I was going to kill everybody and myself' after firing
▼ + stars: | 2023-02-15 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Former CNN anchor Chris Cuomo spoke on Anthony Scaramucci's podcast "Open Book" on Wednesday. During the episode, Cuomo said he was "going to kill everybody and myself" after CNN fired him. On an episode of Anthony Scaramucci's podcast, Open Book, on Wednesday, Cuomo admitted that he was so upset after he was cut that he felt like he "was going to kill everybody including myself." Cuomo was fired from CNN in 2021 amid revelations that he helped his brother — former New York Gov. While he may not have the viewership he had at CNN, Cuomo told Scaramucci that he's "trying to have a broader aperture on what matters."

☆ The artificial intelligence war has Wall Street in a frenzy over Google, Microsoft, and anything related to bots
▼ + stars: | 2023-02-13 | by ( Phil Rosen | ) www.businessinsider.com time to read: +7 min

In case you missed it, last week Microsoft held an event that had the buzz of a Steve Jobs iPhone launch. Google Bard VS OpenAI ChatGPT displayed on Mobile with Openai and Google logo on screen seen in this photo illustration. In this two-horse race, Google certainly didn't do itself any favors in bumbling its own AI demo last week. But the battle will ultimately come down to Microsoft and Google, according to venture capitalist Vinod Khosla. Record highs for the stock market are within reach this year, according to Fundstrat.

☆ Market rallies not helping the Fed, says Skybridge's Anthony Scaramucci
▼ + stars: | 2023-01-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket rallies not helping the Fed, says Skybridge's Anthony ScaramucciAnthony Scaramucci, Skybridge Capital founder, joins 'Closing Bell: Overtime' to discuss the market rallies this month.

☆ Watch CNBC’s full interview with Skybridge Capital founder Anthony Scaramucci
▼ + stars: | 2023-01-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Skybridge Capital founder Anthony ScaramucciAnthony Scaramucci, Skybridge Capital founder, joins 'Closing Bell: Overtime' to discuss the market rallies this month. He also discusses Sam Bankman-Fried and crypto

☆ Vanguard's global investment expert explains what traders are doing to kick off 2023 and how markets are reacting to the Federal Reserve's policy tightening.
▼ + stars: | 2023-01-28 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Today, I'm sharing my conversation with Fiona Greig of Vanguard's Investment Strategy Group. Fiona Greig, global head of investor research and policy for Vanguard VanguardFiona Greig is the global head of investor research and policy for Vanguard's Investment Strategy Group. This suggests a "stay the course" posture, meaning yes there's been volatility, but the longer term outlook they have for the stock market is stable. There's some lower expectations for stock market returns in the short term, but we see pretty clear expectations and optimism for returns in the next 12 months, and even 10 years. The firm's strategists said these companies pay out a healthy dividend and can offset stock market losses in a slow-growth economic landscape.

☆ Anthony Scaramucci's SkyBridge Capital limited redemptions as bets on FTX and crypto resulted in a 39% loss last year
▼ + stars: | 2023-01-27 | by ( Brian Evans | ) www.businessinsider.com time to read: +3 min

Anthony Scaramucci's SkyBridge Capital suffered a 39% loss in its top funds in 2022, according to Bloomberg. That's due to losing bets on FTX and cryptocurrencies, pushing investors to pull their money out. SkyBridge investors asked to withdraw 60% of a top fund's capital in the September 30 redemption period, but it only returned 10%. SkyBridge investors asked to withdraw 60% of the top fund's capital in the September 30 redemption period, but it only returned 10%, according to filings cited by Bloomberg. Additionally, SkyBridge funds were listed as owning 244,196 common shares and 61,049 Series B-1 Preferred shares of FTX Trading.

☆ Anthony Scaramucci says he bought Sam Bankman-Fried a suit for their Middle East fundraising tour and that the trip sparked FTX's downfall
▼ + stars: | 2023-01-27 | by ( Pete Syme | ) www.businessinsider.com time to read: +5 min

Sam Bankman-Fried and Anthony Scaramucci went on a Middle East fundraising tour in October. Scaramucci told Insider he bought SBF a suit so the FTX CEO wouldn't wear a T-shirt with investors. Scaramucci told Insider he bought the then-FTX CEO a suit from Bloomingdale's to help impress investors. "I bought him a suit, frankly, to take him to the Middle East with me and told him he can't dress with a T-shirt in the Middle East," Scaramucci told Insider. "So in some ways, I'm happy that we took that trip because we could still be living in a world of FTX," Scaramucci said.

☆ Anthony Scaramucci says he got only $400,000 back on his $10 million investment in FTX's token
▼ + stars: | 2023-01-25 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

Anthony Scaramucci says he only got $400k back from a $10 million investment in FTX's token. The SkyBridge Capital investor backed FTT after receiving $45 million in funding from FTX. The coin lost 91% of its value in a matter of days following allegations Bankman-Fried's Alameda Research held a significant amount of the FTT token, falling from averages around $24 to less than $1. SkyBridge received $45 million of funding from Bankman-Fried after FTX bought a 30% stake in the company, of which Scaramucci invested $10 million in FTT, before eventually selling it at a loss of $9.6 million. I'm not going to be the person that takes no more risk in the future because I got burned by Sam."

☆ The former FTX US president just raised money from Anthony Scaramucci and Coinbase Ventures for his new crypto startup
▼ + stars: | 2023-01-20 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +4 min

Former FTX US president Brett Harrison started a new crypto infrastructure trading startup called Architect. The firm raised $5 million in a pre-product financing round, with backing from Coinbase Ventures. After nearly four months since stepping down as president of FTX US, Brett Harrison has raised $5 million for his new crypto trading infrastructure startup. The company, called Architect, is building software that aims to make trading in crypto markets easier for large investors and institutions. He served as FTX US president for 17 months before he stepped down in late September of 2022.

[1/4] People stand in front of the Blockchain Hub Davos 2023 at the Promenade road during the World Economic Forum (WEF) 2023, in the Alpine resort of Davos, Switzerland, January 16, 2023. REUTERS/Arnd WiegmannDAVOS, Switzerland, Jan 19 (Reuters) - In the snow and ice on the main drag in Davos, the impact of the crypto winter is plain for WEF attendees to see. Executives in Davos said they are now all about blockchain technology, proper controls and regulation, and the promise of disruption that it holds for financial services and beyond. Colm Kelleher, chairman of Swiss bank UBS (UBSG.S), told a WEF panel that blockchain technology will help reduce costs for banks. "We kind of dodged a bullet," Kelleher said, noting that the collapse in the value of crypto currencies had not caused systemic problems.

☆ Anthony Scaramucci compared Sam Bankman-Fried to Bernie Madoff, and alluded to Dante's 'Inferno' as he discussed the FTX founder's downfall
▼ + stars: | 2023-01-17 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Anthony Scaramucci spoke about his relationship with Sam Bankman-Fried at a Davos crypto panel. Scaramucci alluded to the circles of hell in Dante's "Divine Comedy" and compared SBF to Bernie Madoff. FTX bought 30% of SkyBridge Capital for $45 million in September 2022. The Financial Times reported that SkyBridge Capital also bought $10 million of FTX's cryptocurrency, FTT, as part of the deal's requirements. "I made a mistake being involved with Sam," Scaramucci said.

DAVOS, Switzerland, Jan 16 (Reuters) - SkyBridge Capital is betting on a sustained turnaround in cryptocurrency markets in 2023, the firm's founder Anthony Scaramucci said, while admitting this view was "overly bullish". "If bitcoin could trade back to $35,000, SkyBridge is going to have an amazing year," Scaramucci told the Reuters Global Markets Forum in Davos, Switzerland. Bitcoin is trading at around $20,800, a 26% gain so far this year after falling by more than 64% in 2022. SkyBridge has invested in bitcoin, ethereum , solana and altcoin algorand , and is also eyeing the structured credit market to drive 2023 returns after the firm's losses in 2022. "Structured credit, mortgage-backed securities, credit card debt, auto loans -- that's an attractive space again," Scaramucci said.

☆ Scaramucci sees bitcoin at $50,000 to $100,000 in 2-3 years as market hopes for bull run
▼ + stars: | 2023-01-16 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Bitcoin is expected to trade within a range, be sensitive to the macroeconomic situation such as interest rate rises and continue to be volatile. "I think there's a little bit more downside, but I don't think there's going to be a lot," Bill Tai, a venture capitalist and crypto veteran told CNBC last week. "I don't think there's a lot of forced selling remaining, which is optimistic," Demirors told CNBC Friday. Bitcoin has proved to be closely correlated to risk assets such as stocks, and in particular, the tech-heavy Nasdaq . Last year, the Fed embarked on an aggressive interest rate hike path to try to tame inflation, which hurt risk assets along with bitcoin.

☆ Trump is a 'threat to the American democracy,' Anthony Scaramucci says
▼ + stars: | 2023-01-13 | by ( Arjun Kharpal | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump is a 'threat to the American democracy,' Anthony Scaramucci saysAnthony Scaramucci, founder of SkyBridge Capital, says he does not think Donald Trump should be U.S. president again and discusses the discovery of classified documents at the home of President Joe Biden.

☆ Scaramucci says he's confident he can by buy back SkyBridge Capital stake from FTX
▼ + stars: | 2023-01-13 | by ( Arjun Kharpal | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailScaramucci says he's confident he can by buy back SkyBridge Capital stake from FTXAnthony Scaramucci, founder of SkyBridge Capital, said he believes he'll be able to buy back a stake FTX purchased in his firm this year. Since that investment, FTX has gone bankrupt. Scaramucci discusses the fallout from the FTX saga and his views on the exchange's founder Sam Bankman-Fried.

☆ Scaramucci says SkyBridge can buy back FTX stake this year, alleges SBF 'committed fraud’
▼ + stars: | 2023-01-13 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +1 min

FTX bought a 30% stake in SkyBridge in September, before the crypto company filed for bankruptcy on Nov. 11. We'll of course have to let the legal system determine all of those things," Scaramucci told CNBC. Bankman-Fried has pleaded not guilty to eight federal charges including fraud and money laundering. Meanwhile, FTX co-founder Gary Wang and Caroline Ellison, the former co-CEO of Alameda Research, have both pleaded guilty to federal charges connected with FTX's collapse and are working with investigators. Alameda Research was the crypto hedge fund started by Bankman-Fried and affiliated to FTX.

Search resuls for: "Scaramucci"

25 mentions found