Monthly Archives: January 2022
Stock futures rise following S&P 500?s worst week since March 2020
(CNBC) Stock futures rose slightly in overnight trading Sunday, following the S&P 500?s worst week since March 2020, as investors awaited more corporate earnings results and a key policy decision from the Federal Reserve. Futures on the Dow Jones Industrial […]
Inflation surge could push the Fed into more than four rate hikes this year, Goldman Sachs says
(CNBC) Accelerating inflation could cause the Federal Reserve to get even more aggressive than economists expect in the way it raises interest rates this year, according to a Goldman Sachs analysis. With the market already expecting four quarter-percentage-point hikes this […]
Market turbulence is likely to continue in the week ahead as the Federal Reserve meets and the biggest of big tech —Apple and Microsoft — report earnings.
(CNBC) Stocks on Friday closed out their worst week since 2020, with big losses in technology and consumer discretionary names. FANG darling Netflix was ripped after its Thursday afternoon earnings, and traders are watching to see whether the same fate […]
Activist investor Blackwells aims to call on Peloton to fire CEO, explore sale
(CNBC) An activist is pushing Peloton to fire its chief executive officer and consider a sale as its share price has plummeted, according to a person familiar with the matter. Blackwells Capital, which has a stake of less than 5% […]
SEC Wins Judgment in $2.2m Prime Bank Investment Scheme
(HedgeCo.Net) A federal court entered a final judgment against Peter Baker of Lawrenceville, Georgia, Elizabeth Oharriz of Miami Shores, Florida, and their companies for orchestrating a prime bank investment scheme and stealing over $2.2 million from investors. According to the […]
Hedge fund managers bring their 2021 return to 9.49%
(Opalesque) Hedge fund managers reversed losses in November and gained 1.01% in December, bringing their 2021 return to 9.49% – the second best annual performance since 2010. Hedge funds were supported by the robust performance of the global equity market […]
Global hedge fund capital passes $4tn mark
(Hedgeweek) Total hedge fund industry capital has passed the USD4 trillion milestone to begin 2022, with managers navigating a volatile Q4 21 driven by another wave of coronavirus variant, as well as rising interest rates and increased expectations for additional […]
Cryptocurrencies tumble, with bitcoin falling 7% and ether down 8% in the last 24 hours
(CNBC) Bitcoin prices fell sharply on Thursday night, while ether prices also dived. Bitcoin plummeted by more than 7% in the last 24 hours, and was trading at $38,5774 as of 11:19 p.m. ET, according to CoinDesk data. Ether, the […]
$2.5 billion wiped from Peloton’s market value as shares tumble below IPO price
(CNBC) Shares of Peloton closed down 23.9% at $24.22 on Thursday, wiping roughly $2.5 billion off of its market value. The sharp drop brought the stock beneath the $29 mark where it first priced at in September of 2019, and […]
Keys to crypto growth
(Hedgeweek) As investor interest in cryptocurrencies continues to mount, regulators are sharpening their focus on the asset class. Though education remains a key impediment to growth, investment opportunities in new areas, such as decentralised finance, are ripe. To read this […]
SEC eyes tighter disclosure deadlines for hedge funds building big stakes in companies
(CNBC) Securities and Exchange Commission Chairman Gary Gensler said Wednesday that the regulator is eyeing tighter disclosure deadlines for hedge funds building sizable stakes in companies. The agency is considering changing the rules under which hedge funds disclose that they have acquired […]
Bank of America tops profit estimates on better-than-expected credit costs
(CNBC) Bank of America on Wednesday topped analysts’ estimates for profit on record asset management and investment banking fees, and the release of $851 million in loan loss reserves. To read this article: