Monthly Archives: April 2022
World Bank slashes global growth forecast to 3.2% from 4.1%, citing Ukraine war
(CNBC) The World Bank lowered its annual global growth forecast for 2022 on Monday by nearly a full percentage point, down from 4.1% to 3.2%, citing the impact that Russia’s invasion of Ukraine is having on the world economy. To […]
Stock futures rise ahead of busy earnings day
(CNBC) Stock futures rose on Monday evening as traders navigate one of the busiest weeks of corporate earnings season. Futures tied to the Dow Jones Industrial Average added 98 points, or 0.3%, while those for the S&P 500 climbed 0.4%. […]
Market will break out of slump due to peaking inflation, Evercore ISI predicts
(CNBC) The market slump may be in its final innings. According to Evercore ISI’s Julian Emanuel, stocks should start grinding higher due to peaking inflation. He cites a positive trend going back to the last time stocks and bonds fell […]
SEC Obtains TRO and Asset Freeze against Alleged Perpetrators of nearly $450 Million Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced charges and an asset freeze against several Las Vegas-area individuals and companies allegedly behind a nearly half-billion dollar Ponzi scheme involving purported personal injury settlements. The SEC charged certain defendants with violations […]
S&P 500 futures slide ahead of a huge week of earnings reports
(CNBC) Stock futures fell Sunday evening as investors braced for a week of major first-quarter earnings reports ahead. Futures on the Dow Jones Industrial Average lost about 150 points, or 0.4%. S&P 500 futures shed 0.5%. Nasdaq futures were lower […]
Elon Musk’s tweets about taking Tesla private were false, new court filing says
(CNBC) In a court filing out late Friday, shareholders who are suing Tesla and CEO Elon Musk over alleged securities fraud said they won part of a critical ruling in their class-action lawsuit. The shareholders are suing Tesla over money […]
Global venture capital funds raise $54bn in Q1 2022, an 11.1% rise compared to Q4 2021
(Opalesque) Venture capital fundraising continued at a strong pace in Q1 2022. $54bn was raised by global venture capital funds in the quarter, an 11.1% rise on Q4 2021, but an 8.8% decline in the same period last year, said […]
SS&C GlobeOp Hedge Fund Performance Index at 0.97% for March
(Hedgeweek) The gross return of the SS&C GlobeOp Hedge Fund Performance Index March 2022 measured 0.97%. To read this article:
It’s a matter of when, not if, the SEC approves bitcoin spot ETF, says Grayscale CEO
(CNBC) Crypto experts are hopeful a spot bitcoin ETF could arrive as soon as this year. The optimism comes on the heels of the Securities and Exchange Commission approving an application for the Teucrium Bitcoin Futures ETF earlier this month. […]
Hedge fund manager confidence levels resilient despite global economic headwinds, says AIMA
(Hedgeweek) Confidence levels among hedge fund mangers remain resilient despite the war in Ukraine, Russian economic sanctions, and global inflationary concerns, according to AIMA. To read this article:
Jamie Dimon sees ‘storm clouds’ ahead for U.S. economy later this year
(CNBC) The risk that the Federal Reserve accidentally tips the U.S. economy into recession as it combats inflation is rising, according to JPMorgan Chase CEO Jamie Dimon. The CEO of the biggest U.S. bank by assets said Wednesday that economic […]
Fed’s Waller sees likelihood of multiple half-point interest rate hikes ahead
(CNBC) Getting inflation under control will require raising interest rates at a faster pace than normal even though the pace of price increases probably has peaked, Federal Reserve board member Christopher Waller said Wednesday. That means the central bank likely […]