Monthly Archives: January 2020
Don’t look now, but Goldman Sachs is saying the economy is nearly recession-proof
(CNBC) Just months after almost everyone on Wall Street worried that a recession was just around the corner, Goldman Sachs said a downturn is unlikely over the next several years. In fact, the firm’s economists stopped just short of saying […]
Stocks post best annual gain in 6 years with the S&P 500 surging more than 28%
(CNBC) Stocks rose slightly on Tuesday as Wall Street wrapped up a banner year that saw equities surge to record highs, overcoming concerns about the economy and a trade fight with China. To read this article:
U.S. dollar share of global currency reserves highest for a year in third quarter: IMF data
(Reuters) The U.S. dollar’s share of currency reserves reported to the International Monetary Fund rose in the third quarter to its highest level in a year, while the yen’s share of reserves grew to the largest in two decades, data […]
The decade that saw volatility trading come of age
(Reuters) – What do you do when daily stock market gyrations all but dry up? Apparently, trade volatility like never before.Among the myriad Wall Street legacies of the soon-ending 2010s has been the emergence of market volatility – or the […]
Skittish investors drive hedge fund redemptions to $29.1bn in November
(Hedgeweek) Hedge fund redemptions picked up speed in November, falling short of September’s five-year high but outpacing October’s level, according to the Barclay Fund Flow Indicator, published by BarclayHedge, a division of Backstop Solutions. To read this article:
Cramer on Apple earnings: The haters have ‘no more new ammunition’
(CNBC) Apple’s many haters are at a loss for negative things to say about the company now that its first-quarter earnings came in less awful than many feared, CNBC’s Jim Cramer said Tuesday. “The issue for those who hate Apple? […]
These are the three things markets are expecting to hear from the Fed and Jerome Powell
(CNBC) The Federal Reserve is expected to leave interest rates unchanged at its meeting this week, and Federal Reserve chairman Jerome Powell is expected to go out of his way to not rock financial markets. To read this article:
Four Public Companies Charged With Longstanding ICFR Failures
(HedgeCo.Net) The Securities and Exchange Commission today announced settled charges against four public companies for failing to maintain internal control over financial reporting (ICFR) for seven to 10 consecutive annual reporting periods. Two of the charged companies also failed to […]
Hedge Funds See More Juice in Carbon Market’s Two-Year Rally
(Bloomberg) The speculative fervor that made European carbon allowances the hottest commodity of 2018 shows little sign of abating with more hedge funds seen doubling down on expectations for higher prices. Some 15 to 20 funds have begun or are […]
Platform Shakes Up Management After Sale of Its Agriculture Unit
(Bloomberg) Platform Specialty Products Corp., the chemical company backed by hedge fund manager Bill Ackman, is shaking up its management team as it looks to expand after selling its Arysta LifeScience agricultural division. Its shares fell. Platform, founded by serial […]
Thal?s Appoints Managing Director of Capital Strategies
(Hedgeweek) Thale?s has appointed David Modiano as Managing Director of its Capital Strategies group. In his new role, he will be based out of New York and will report to Edouard Robbes, President of Thal?s Capital Partners. Most recently Modiano […]
Why does Eddie Lampert want to keep Sears alive?
(CNN) No matter what happens in bankruptcy court, Sears faces a grim future. So why is chairman Eddie Lampert fighting so hard to keep it alive?….Lampert insists he bid $5.2 billion for the company because he believes a reborn Sears […]