Monthly Archives: January 2021
Stock futures rise slightly in overnight trading ahead of Biden’s inauguration
(CNBC) Stock futures inched higher in overnight trading on Tuesday as investors awaited President-elect Joe Biden’s inauguration. Futures on the Dow Jones Industrial Average rose 75 points. S&P 500 futures gained 0.3% and Nasdaq 100 futures climbed 0.5%. To read […]
Alibaba founder Jack Ma appears for the first time since crackdown on his tech empire
(CNBC) Alibaba founder Jack Ma has emerged after weeks out of the spotlight, which sparked speculation about his whereabouts as his companies face increased regulatory scrutiny. Alibaba’s Hong Kong-listed stock was up over 8% on news of his reappearance. To […]
Here’s what Biden’s plan for a $15 minimum wage means for Main Street:
(CNBC) President-elect Joe Biden will on Wednesday deliver an inauguration speech centered on unity as the United States faces one of its most chaotic transfers of power in the modern era. To read this article:
Treasury nominee Yellen says U.S. can afford higher corporate tax rate if it coordinates with other countries
(CNBC) Janet Yellen, President-elect Joe Biden’s choice for Treasury secretary, testified Tuesday that the U.S. could afford a higher corporate tax rate if it coordinates with other economies around the globe. “We look forward to actively working with other countries […]
SEC Charges Father and Son Investment Advisers with Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged father and son investment advisers, Michael and David Sztrom of Rancho Santa Fe, California, and their company Sztrom Wealth Management, Inc., with defrauding advisory clients by creating the false impression that Michael […]
SEC Awards Nearly $600,000 to Whistleblower
(HedgeCo.Net) The Securities and Exchange Commission has announced an award of nearly $600,000 to a whistleblower whose tip led to the success of an enforcement action. The whistleblower substantially contributed to an open investigation by providing detailed and highly valuable […]
Active-management alpha now key to hedge funds’ success, as economies emerge from Covid slump
(Hedgeweek) K2 Advisors, the hedge fund investing unit of Franklin Templeton, says active-management alpha will be critical to hedge funds’ success this year, as the global economy mounts a tentative recovery from the coronavirus pandemic. To read this article:
Avelacom survey finds growing demand from trading firms to enter new emerging markets in 2021
(Hedgeweek) A survey by Market Intelligence specialists, Acuiti, commissioned by Avelacom, a global connectivity and IT infrastructure provider for the financial services industry, has found that in their efforts to stabilise trading revenues, proprietary trading firms are overwhelmingly interested in […]
Yellen says U.S. must ‘act big’ on next coronavirus relief package
(CNBC) Janet Yellen, U.S. President-elect Joe Biden’s nominee to run the Treasury Department, will tell the Senate Finance Committee on Tuesday that the government must “act big” with its next coronavirus relief package. Biden, who will be sworn into office […]
Low-value deals dominate global venture capital investment volume in Q4 2020
(Opalesque) As low-value deals (where the investment was less than or equal to $10m) accounted for the majority of global venture capital (VC) investment volume as big-ticket, billion-dollar deals were mostly non-existent during Q4 2020. To read this article:
Hedge fund positions in crude, gasoline start to look stretched
(Reuters) Hedge funds boosted their bullish petroleum positions last week, focusing on crude and gasoline, betting on continued output restraint by OPEC+ and an early resumption in domestic business activity. But they sold middle distillates, likely reflecting concerns about a […]
World’s fourth-largest carmaker rallies on first day of trade after $52 billion merger
(CNBC) Stellantis, the product of the $52 billion merger between Fiat Chrysler Automobiles and Peugeot, was well received by European investors on its first day of trading Monday. Shares of the world’s fourth-largest carmaker by volume, created after the merger […]