Monthly Archives: January 2023
Apple’s expected to post its first revenue decline since 2019 on Thursday
(CNBC) Analysts expect Apple to post its first year-over-year revenue decline since 2019?s March quarter when it reports earnings on Thursday. There are a few contributing factors. The company couldn’t build enough of its high-end iPhones when its primary assembly […]
General Motors is set to report earnings before the bell. Here’s what Wall Street expects
(CNBC) DETROIT — General Motors is set to report its fourth-quarter earnings before the bell Tuesday. Here’s what Wall Street is expecting, according to Refinitiv consensus estimates: Adjusted earnings per share: $1.69 Revenue: $40.65 billion To read this article:
Everyone’s watching Meta’s earnings report for a hint at how online ads are doing
(CNBC) Wall Street’s worst year since 2008 wreaked havoc on tech companies, particularly those reliant on digital advertising. Facebook parent Meta lost almost two-thirds of its value in 2022 as year-over-year revenue fell in consecutive quarters, leading the company in […]
Hedge fund Treasury shorts reach record levels
(CNBC) Hedge funds are positioning for a slow down in this year’s stellar start for Treasuries by quietly building up the biggest bearish bet on bond futures on record, according to a report by Bloomberg. To read this article:
SEC Charges Investment Club Manager for Misappropriating Investor Funds
(HedgeCo.Net) The Securities and Exchange Commission filed fraud charges against Austin D. Ellison-Meade, alleging that he fraudulently raised millions of dollars from investors in an investment club he managed called Baycap.io. According to the SEC complaint, Meade falsely claimed that […]
Stock futures fall slightly ahead of busy week of earnings, Fed meeting
(CNBC) Stock futures were modestly lower on Sunday evening as investors geared up for a week of key corporate earnings and a possible interest rate hike from the Federal Reserve. Futures tied to the Dow Jones Industrial Average slipped 56 […]
Sam Bankman-Fried tried to influence witness through Signal, DOJ alleges
(HedgeCo.Net) Federal prosecutors are attempting to bar indicted FTX co-founder Sam Bankman-Fried from using encrypted messaging software, citing efforts that may “constitute witness tampering,” according to a letter filed in Manhattan federal court Friday. To read this article:
Tesla just had its best week since May 2013
(CNBC) Tesla The stock rose 11% on Friday to close at $177.88. The rebound followed a six-month period in which Tesla shares had declined more than 40%. The stock’s 65% plunge in 2022 was its worst in Tesla’s 12-plus years […]
Interest rate bets fuelled Brevan Howard’s BH Macro gains
(Hedgeweek) Winning interest rate bets helped drive gains at an investment vehicle managed by hedge fund Brevan Howard during 2022 as market volatility and soaring inflation prompted central banks to hike interest rates, according to a report by Reuters. To […]
Systematic funds boost outsourced front office tech development
(Hedgeweek) Over half of systematic hedge funds (58%) surveyed or interviewed for a new report by Acuiti – Bringing the case for buy-and-build to the front office – are utilising a combination of both outsourced strategies and in-house development to […]
Global equity funds attract inflows for third week in a row
Reuters) Global equity funds received inflows for a third straight week in the week to Jan. 25 as easing recession fears and hopes of smaller rate hikes by the Federal Reserve kept sentiment buoyant. Refinitiv Lipper data showed global equity […]
Investors pull $111bn from hedge funds in 2022
(hedgeweek) Investors withdrew $111 billion from hedge funds in 2022, the industry’s third-worst year of outflows in 15 years, as a string of Federal Reserve rate hikes aimed at tackling soaring inflation pulled down asset prices, according to a report […]