Monthly Archives: January 2021
Elon Musk said ‘use Signal’ and confused investors sent the wrong stock up 438% on Monday
(CNBC) Four days after Tesla CEO Elon Musk prompted Twitter followers to “use Signal,” a reference to the Signal encrypted messaging app funded by a nonprofit organization, investors pushed even higher the price of Signal Advance, a small component manufacturer […]
SEC Obtains Emergency Relief Freezing Assets and Halting an Alleged Ongoing Fraud
(HedgeCo.Net) The Securities and Exchange Commission has obtained an emergency court order freezing assets of a San Juan Capistrano, California-based company and its founder, who allegedly were carrying out an ongoing investment fraud. According to the SEC’s complaint, filed on […]
Jeff Gundlach says stock market valuations are extraordinarily high, supported only by the Fed
(CNBC) Jeffrey Gundlach, founder and CEO of DoubleLine Capital, raised concerns Monday about the stock market’s elevated valuation relative to historical levels and believes rising inflation could upend investors this year. “At extraordinarily high valuations is where we are, and […]
Amazon, Microsoft, Facebook and others pause political contributions after U.S. Capitol riot
(CNBC) Tech companies including Amazon, Facebook, Google and Microsoft announced Monday they are pausing contributions from their political action committees in the wake of the invasion of the U.S. Capitol on Wednesday by insurgents incited by President Donald Trump. Companies […]
Bond king Jeffrey Gundlach says bitcoin is trading like it is in a bubble
(CNBC) DoubleLine Capital CEO Jeffrey Gundlach on Monday warned that bitcoin could be getting overheated after its massive run in recent months. “I don’t like bitcoin here. I don’t like things that are up on a stilt like that,” the […]
U.S. IPO market faces first big test of 2021
(Reuters) – At least eight businesses are set to price initial public offerings (IPOs) in New York in the next three days, seeking to raise a total of nearly $5 billion in what could be the biggest week for new […]
Deutsche Bank To Pay $120-Million To Settle FCPA Violations Related to Third-Party Intermediaries
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Deutsche Bank AG for violations of the Foreign Corrupt Practices Act (FCPA). As part of coordinated resolutions with the SEC and the Department of Justice, Deutsche Bank has agreed to […]
Hedge funds surge to conclude 2020
(Opalesque) Hedge funds surged once again in December, extending strong November gains and concluding the volatile year, which had been dominated by the global coronavirus pandemic, generational political uncertainty, and protests. The investable HFRI 500 Fund Weighted Composite Index surged […]
Nearly $170 billion wiped off cryptocurrency market in 24 hours as bitcoin pulls back
(CNBC) Bitcoin and other digital coins tanked on Monday wiping off some $170 billion from the entire cryptocurrency market. The market capitalization or value of the cryptocurrency market was $959.53 billion at 12:10 p.m. Singapore time, down from $1.1 trillion […]
JPMorgan and Citigroup join U.S. corporations halting political donations after Capitol riot
(CNBC) JPMorgan Chase and Citigroup were among the first major financial firms to say they will pause political action committee donations after followers of President Trump laid siege on the U.S. Capitol last week. JPMorgan, the biggest U.S. bank by […]
Dow futures fall more than 200 points after Wall Street closed at record highs to end last week
(CNBC) Stock futures fell in early morning trading Monday as investors assessed the outlook for more Covid-19 relief stimulus. Futures on the Dow Jones Industrial Average fell 203 points. S&P 500 futures and Nasdaq 100 futures both traded in negative […]
Markets face a big week of news, with stimulus at the top of the list
(CNBC)Markets will stay laser-focused on the prospect for more fiscal stimulus in the busy week ahead. Politics and politicians are likely to continue dominating the headlines, as Democrats seek President Donald Trump’s removal after a mob of his followers took […]