Monthly Archives: April 2022
SEC Issues $6 Million Award to Five Whistleblowers
(HedgeCo.Net) The Securities and Exchange Commission has announced a total award of $6 million to two groups of whistleblowers who provided information and assistance in a single covered action. The first group of whistleblowers provided the SEC with key documents […]
UBS beats expectations for the first quarter; continues to reduce Russia exposure
(CNBC) UBS has beat expectations for the first quarter of 2022 and said it has further reduced its exposure to Russia. The Swiss bank on Tuesday reported net profit attributable to shareholders of $2.136 billion, above forecasts compiled by the bank […]
Twitter accepts Elon Musk’s buyout deal
(CNBC) Twitter’s board has accepted an offer from billionaire Elon Musk to buy the social media company and take it private, the company announced Monday. The stock closed up 5.64% for the day after it was halted for the news. […]
Twitter CEO tells employees company is in the dark over future under Musk
(CNBC) Twitter Chief Executive Parag Agrawal told employees on Monday that the future of the social media firm is uncertain after the deal to be taken private under billionaire Elon Musk closes. He was speaking during a company-wide town hall meeting that was heard by Reuters. To read this […]
Dow stages big reversal Monday, closing up by more than 200 points
(CNBC) The Dow Jones Industrial Average cut a nearly 500-point intraday loss Monday as technology names like Microsoft rallied amid falling interest rates. The blue-chip average rose 238.06 points, or 0.7%, to 34,049.46. The index was down as much as […]
Nasdaq futures are slightly lower ahead of Big Tech earnings
(CNBC) Nasdaq 100 futures fell slightly Monday evening after stocks bounced in the afternoon and ahead of Big Tech earnings. Futures tied to the tech focused index fell 0.1%. Dow Jones Industrial Average futures and S&P 500 futures were little […]
Former Domino’s Pizza Accountant to Pay Nearly $2 Million Penalty for Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission has obtained a final judgment requiring a Michigan-based former accountant at Domino’s Pizza Inc. to pay a penalty of nearly $2 million for insider trading in the company’s stock. The SEC’s complaint, filed April […]
Investor allocations to hedge funds hit highest level since 2015, says HFR
(Hedgeweek) Institutional investors allocated the largest amount of new capital to hedge funds since 2015 in Q1 2022, as Macro funds lead industry performance through extreme volatility driven by generational inflation, interest rate increases and expectations for multiple increases in […]
The sliding stock market is headed for a loaded week of tech earnings and economic data
(CNBC) A rough April for Wall Street has seen the S&P 500 slide for three straight weeks, and now investors will grapple with a loaded slate of earnings reports and key inflation data. Rising interest rates and persistently high inflation […]
Twitter is reportedly taking another look at Musk takeover bid
(CNBC) Twitter could be becoming more receptive to a takeover bid from Elon Musk after the billionaire disclosed he has secured $46.5 billion in financing, The Wall Street Journal reported Sunday. The social media company had been expected to shoot […]
Stock futures fall on Sunday as Wall Street braces for a busy earnings week
(CNBC) U.S. stock futures fell on Sunday night amid a four-week losing streak for the Dow Jones Industrial Average as investors weighed the likelihood of rising interest rates. Wall Street is also bracing for a stacked week of earnings, including […]
Fed’s Mester casts doubt on the need for ‘shock’ interest rate hikes ahead
(CNBC) Cleveland Federal Reserve President Loretta Mester said last week she’s in favor of raising interest rates quickly to bring down inflation, but not so quickly as to disrupt the economic recovery. That means a strong likelihood of backing a […]