Monthly Archives: January 2023
Tesla shares tumble more than 12% following deliveries report
(CNBC) Shares of Tesla closed down 12% on Tuesday, a day after the electric auto maker reported fourth-quarter vehicle production and delivery numbers for 2022 that fell shy of analysts’ expectations and the company’s stated goals. Deliveries are the closest […]
SEC Obtains Final Judgment Against Arizona Man for Defrauding Elderly Investors
(Hedgeco.Net) The U.S. District Court for the District of Arizona entered final judgment by default against Conrad Coggeshall in a previously-filed SEC case that alleged Coggeshall fraudulently raised $700,000 from elderly investors. According to the complaint, Coggeshall told investors they […]
FTX founder Sam Bankman-Fried to plead not guilty at scheduled New York City arraignment: reports
(FOXNEWS) The 30-year-old cryptocurrency entrepreneur’s next court appearance is scheduled for Tuesday at the U.S. District Court in Manhattan, where The Wall Street Journal first reported Friday Bankman-Fried will likely appear in person to enter a not guilty plea. To […]
Stock futures fall ahead of the first trading week of the new year
(CNBC) Stock futures fell Monday evening as traders braced themselves for a flurry of economic data and the minutes from the latest Federal Reserve meeting this week to kick off the new year. Futures tied to the Dow Jones Industrial […]
SS&C GlobeOp Forward Redemption Indicator at 4.35% for December
(Hedgeweek) The SS&C GlobeOp Forward Redemption Indicator for December 2022 measured 4.35%, up from 3.39% in November. To read this article:
The boldest bitcoin calls for 2023 are out — and a 1,400% rally or a 70% plunge may be on the cards
(CNBC) 2022 was a rough year for crypto. More than $1.3 trillion was wiped off the value of the market. And bitcoin, the world’s largest digital coin, saw its price slump more than 60%. Investors were caught off guard by […]
Tesla reports 1.31 million deliveries in 2022, growth of 40% over last year
(CNBC) Deliveries are the closest approximation of sales disclosed by Tesla. These numbers represented a new record for the Elon Musk-led automaker and growth of 40% in deliveries year-over-year. However, the fourth quarter numbers fell shy of analysts’ expectations. To read […]
Fed expected to slow rate hiking to a quarter point but will stay unrelenting in inflation battle
(CNBC) The Federal Reserve is expected to raise interest rates by just a quarter point but also likely signal it will stay vigilant in its fight against inflation even as it reduces the size of the hikes. The Fed releases […]
SEC Reopens Comment Period for Pay Versus Performance
(HedgeCo.Net) The Securities and Exchange Commission is reopening the comment period on proposed rules under the Dodd-Frank Act requiring disclosure of information reflecting the relationship between executive compensation actually paid by a company and the company’s financial performance. “If adopted, […]
The Hedge fund that made $700 million on GameStop knew it was time to sell after an Elon Musk tweet
(CNBC) One hedge fund got the GameStop trade just about perfectly right last year — buying it under $10 and selling when the meme stock peaked. The sell signal it used? An Elon Musk tweet. That’s how 2021?s top-performing hedge […]
Apple revenue pops 11% to $123.9 billion, Cook says supply chain improving
(CNBC) Apple CEO Tim Cook said on Thursday that the company’s supply chain challenges were improving, sending shares up about 5% in extended trading, while delivering a solid beat on earnings. Apple beat analyst estimates for sales in every product […]
Robinhood shares tank 15% after it loses active users, forecasts weak revenue
(CNBC) Stock-trading app Robinhood gave a bleak revenue forecast for the first quarter of 2022 on Thursday as its latest earnings report showed a decline in active users. To read this article: