Monthly Archives: January 2023
Tesla reports 1.31 million deliveries in 2022, growth of 40% over last year
(CNBC) Deliveries are the closest approximation of sales disclosed by Tesla. These numbers represented a new record for the Elon Musk-led automaker and growth of 40% in deliveries year-over-year. However, the fourth quarter numbers fell shy of analysts’ expectations. To read […]
Fed expected to slow rate hiking to a quarter point but will stay unrelenting in inflation battle
(CNBC) The Federal Reserve is expected to raise interest rates by just a quarter point but also likely signal it will stay vigilant in its fight against inflation even as it reduces the size of the hikes. The Fed releases […]
SEC Reopens Comment Period for Pay Versus Performance
(HedgeCo.Net) The Securities and Exchange Commission is reopening the comment period on proposed rules under the Dodd-Frank Act requiring disclosure of information reflecting the relationship between executive compensation actually paid by a company and the company’s financial performance. “If adopted, […]
The Hedge fund that made $700 million on GameStop knew it was time to sell after an Elon Musk tweet
(CNBC) One hedge fund got the GameStop trade just about perfectly right last year — buying it under $10 and selling when the meme stock peaked. The sell signal it used? An Elon Musk tweet. That’s how 2021?s top-performing hedge […]
Apple revenue pops 11% to $123.9 billion, Cook says supply chain improving
(CNBC) Apple CEO Tim Cook said on Thursday that the company’s supply chain challenges were improving, sending shares up about 5% in extended trading, while delivering a solid beat on earnings. Apple beat analyst estimates for sales in every product […]
Robinhood shares tank 15% after it loses active users, forecasts weak revenue
(CNBC) Stock-trading app Robinhood gave a bleak revenue forecast for the first quarter of 2022 on Thursday as its latest earnings report showed a decline in active users. To read this article:
Stock futures rise as market set to wrap up a wild week, Apple shares pop
(CNBC) Stock futures rose in overnight trading Thursday, boosted by a jump in Apple shares, as Wall Street looks to wrap up a roller-coaster week on a high note. Futures on the Dow Jones Industrial Average gained about 100 points. […]
Elon Musk says it’s more important for Tesla to make a robot than new car models this year
(CNBC) Tesla CEO Elon Musk said Wednesday on the company’s fourth-quarter earnings call that a humanoid robot is the “most important product” that Tesla is developing this year, putting it ahead of the much-hyped Cybertruck and other vehicles, including the […]
SEC Proposes Amendments to Enhance Private Fund Reporting
(HedgeCo.Net) The Securities and Exchange Commission has approved amendments to Form PF, the confidential reporting form for certain SEC-registered investment advisers to private funds. The proposed amendments are designed to enhance the Financial Stability Oversight Council’s (FSOC) ability to assess […]
Bill Ackman buys Netflix stake worth $1.1bn after stock sell-off
(California News Times) Hedge fund billionaire Bill Ackman has bought a $ 1.1 billion stake in Netflix in an attempt to take advantage of a sharp sale that has nearly halved the market value of streaming companies in the past […]
Tesla beats on earnings and revenue, says supply chain issues were ‘main limiting factor’
(CNBC) Tesla reported fourth-quarter results that came in stronger than expected on Wednesday. Shares fell as much as 5% in extended trading on Wednesday after the automaker warned supply chain issues could persist throughout 2022, but later rebounded into slightly positive […]
Federal Reserve points to interest rate hike coming in March
(CNBC) Facing both turbulent financial markets and raging inflation, the Federal Reserve on Wednesday indicated it could soon raise interest rates for the first time in more than three years as part of a broader tightening of historically easy monetary […]