Monthly Archives: January 2022
Microsoft’s $68.7 billion deal for Activision once again shows big tech’s dominance over legacy media
(CNBC) Microsoft’s decision to buy video game company Activision Blizzard in a $68.7 billion deal shows big tech firms keep pushing the envelope, while legacy media companies, desperate to reposition themselves for younger audiences, sit on the sidelines. To read […]
Stock futures are flat after sell-off on Wall Street, more bank earnings ahead
(CNBC) U.S. stock futures were steady in overnight trading on Tuesday following a sell-off on Wall Street triggered by surging bond yields. Dow futures rose just 10 points. S&P 500 futures gained 0.05% and Nasdaq 100 futures were flat. On […]
Rising interest rates could keep a choke hold on tech and growth stocks
(CNBC)Rising bond yields could keep a choke hold on tech and growth stocks for now, as investors bet the Federal Reserve will raise interest rates four or more times this year. Stocks tumbled Monday, with tech the worst performing sector […]
SEC Charges South Florida Man with Fraudulent Operation of Private Fund
(HedgeCo.Net) Judge Donald M. Middlebrooks of the United States District Court for the Southern District of Florida has entered a judgment permanently enjoining Florida resident Anthony M. Cottone from violations of the antifraud and other provisions of the federal securities […]
Top 20 hedge funds earned $65.4bn for investors in 2021
(Hedgeweek) The world’s top 20 hedge funds in terms of performance generated a record $65.4 billion for investors in 2021, according to data released by LCH Investments, a fund of funds firm that tracks returns and is part of Edmond […]
Hedge funds object to SEC’s proposed securities lending reform
(Hedgeweek) BlackRock is one of number of asset managers and hedge funds said to be opposed to the SEC’s proposed reform of US securities lending laws, according to a report in The Financial Times. To read this article:
Earnings season is the next big test for the market and value stocks in the week ahead
(CNBC) The market’s focus in the coming week turns toward fourth-quarter earnings, which are expected to reveal stronger profit growth for economically sensitive stocks compared to technology players. The earnings period could test a theory that value and cyclicals are […]
U.S. stock futures are little changed ahead of more earnings reports
(CNBC) U.S. stock futures were little changed Monday night as traders braced for the latest batch of corporate earnings reports. Futures tied to the Dow Jones Industrial Average ticked higher by 33 points, or 0.1%. S&P 500 futures rose 0.1%, […]
The Fed is about to see a lot of new faces. What it means for banks, the economy and markets
(CNBC) In what likely will be just a few months’ time, the Federal Reserve will look a lot different: Three new governors, a new vice chairman, a new banking chief and likely a couple new regional presidents. But while the […]
SEC Charges ICO Issuer and Founder with Defrauding Investors
(HedgeCo.Net) The Securities and Exchange Commission yesterday announced charges against Australian citizen Craig Sproule and two companies he founded, Crowd Machine, Inc. and Metavine, Inc., for making materially false and misleading statements in connection with an unregistered offer and sale […]
Alternatives AUM to jump to $23.21tn in 2026
(Opalesque) The growth across alternative assets to accelerate over the next five years giving Assets under management (AUM) total for the major alternative asset classes of $23.21tn in 2026, said a study. According to a study by Preqin, AUM in […]
Profits for S&P 500 companies rose 22% in the fourth quarter and nearly 50% in 2021
(CNBC) Earnings season begins with a focus on guidance. It’s a cliché, but it’s true: Investors are focused on the future, not the past. But it’s even more true for 2022 than most other years. Fourth quarter earnings for the S&P […]