Monthly Archives: February 2023
January’s U.S. jobs reports was stunningly good
(CNBC) January’s U.S. jobs report was stunning all around. Nonfarm payrolls increased by 517,000 for the month, shattering analysts’ estimate of 187,000. Unemployment rate fell to 3.4%, the lowest since May 1969. U.S. stocks, worried by what such a strong […]
SEC Charges Nevada-Based Investment Adviser for Conducting Fraudulent “Cherry-Picking” Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged Steve Susoeff, LLC (dba Meritage Financial Group), a Henderson, Nevada-based investment adviser, and Steven J. Susoeff, its sole owner and principal, for conducting a cherry-picking scheme that defrauded their clients. According to […]
Stock futures fall after earnings reports from Apple, Alphabet disappoint investors
(CNBC) Stock futures slid on Thursday evening after several high-profile earnings misses cast doubt on the recent market rally. Futures for the S&P 500 fell 0.6%, while Nasdaq 100 futures lost 1.4%. Dow Jones Industrial Average futures slumped 62 points, […]
Apple sales drop 5% in largest quarterly revenue decline since 2016
(CNBC) Apple missed expectations for revenue, profit, and sales for many of its lines of business on Thursday, sending the stock lower in extended trading. Apple’s overall sales for the holiday quarter were about 5% lower than last year’s, the […]
Alphabet misses on earnings and revenue as YouTube falls short
(CNBC) Alphabet missed on both top and bottom lines when it reported fourth quarter earnings after the bell Thursday. The company’s stock dropped nearly 4% after hours, erasing some of the 7.28% it gained in normal trading hours. Here’s how […]
Amazon beats on fourth-quarter revenue but provides light guidance
(CNBC) Amazon on Thursday issued first-quarter guidance that came in light of estimates, overshadowing better-than-expected revenue for the fourth quarter. The stock slid after hours, erasing most its rally from the regular trading day. Here are the key numbers: Earnings: […]
Adani Enterprises plunges 25% as rout deepens in Hindenburg fallout; Asia stocks mixed
(CNBC) Stocks in the Asia-Pacific traded mixed on Friday as shares of Adani Enterprises plunged 25%, continuing a sell-off triggered by allegations raised by short-seller firm Hindenburg. The Nifty 50 in Mumbai traded 0.1% higher despite Adani companies continuing to […]
Hedge funds want EU rethink on plans to shift euro clearing from London
(Hedgeweek) e funds, asset managers and banks have called on the European Union to carry out a proper costing of its proposals to make market participants move their derivatives clearing business from London to mandatory accounts based in the EU, […]
Nasdaq 100 futures rise after Meta posts quarterly revenue beat
(CNBC) S&P 500 futures advanced Wednesday night as investors looked beyond the latest interest rate hike and commentary from the Federal Reserve. Futures tied to the broad market index added 0.1%. Nasdaq 100 futures gained 0.7%, helped by Meta shares. […]
The Federal Reserve raised rates. Chair Powell says it’s ‘premature’ to declare victory against inflation
(CNBC) The Federal Reserve raised rates by 25 basis points, or 0.25 percentage point, as was widely expected. Federal Reserve Chair Jerome Powell then held a news conference, in which he said that the economy’s disinflationary process had started. To […]
Seventy percent of hedge funds positive in Q4
(Hedgeweek)More than 70% of the hedge funds administered by Citco generated positive returns during the fourth quarter of 2022, according to a report by Forbes, with funds of all sizes recording gains. To read this article:
Facebook-parent Meta announces $40 billion stock buyback
(CNBC) Facebook parent Meta Platforms said in its quarterly earnings statement on Wednesday that it has increased its share repurchase authorization by $40 billion. In 2022 the social network operator bought back about $28 billion in stock, according to the […]