Monthly Archives: February 2022
Fed’s Bullard says the central bank’s ‘credibility is on the line,’ needs to ‘front-load’ rate hikes
(CNBC)St. Louis Federal Reserve President James Bullard made his case for a rapid move higher in interest rates, saying Monday that the central bank needs to react to accelerating inflation. “I do think we need to front-load more of our […]
With rates on the rise, Tom Lee sees money from speculative stocks eventually flowing into crypto
(CNBC) When Tom Lee’s Fundstrat published its first report on bitcoin about five years ago, it said that by 2022, the cryptocurrency could be worth between $15,000 and $50,000. Bitcoin is currently somewhere in the upper middle of that range, […]
SEC Proposes Rule Amendments to Modernize Beneficial Ownership Reporting
(HedgeCo.Net) The Securities and Exchange Commission has announced that it proposed rule amendments governing beneficial ownership reporting under Exchange Act Sections 13(d) and 13(g). The proposed amendments would update those rules to provide more timely information to meet the needs […]
Hedge funds start 2022 on a down note after strong 2021
(Hedgeweek) Inflation, market volatility and geopolitical tensions in Europe appear to have taken a toll on the global hedge fund business in January, with aggregate returns coming in at -1.89 per cent for the first month of the year, according […]
Lockheed Martin terminates $4.4 billion deal to buy Aerojet Rocketdyne amid regulatory roadblocks
(CNBC) U.S. arms maker Lockheed Martin on Sunday terminated plans to acquire rocket engine maker Aerojet Rocketdyne for $4.4 billion, following opposition from U.S. antitrust enforcers. The Federal Trade Commission sued to block the deal in January on the grounds […]
The Federal Reserve’s rate debate and Ukraine tensions could jolt markets in the week ahead
(CNBC) Stocks are likely to be volatile in the week ahead as investors watch tensions between Russia and Ukraine and debate how quickly the Federal Reserve can raise interest rates. Markets were roiled in the past week and bond yields […]
Stock futures are higher as Wall Street weighs Russia-Ukraine tensions, potential Fed rate hikes
(CNBC) Stock futures were higher early Monday morning as investors continued to monitor the developing tensions between Ukraine and Russia and potential Fed rate hikes. Futures tied to the Dow Jones Industrial Average climbed 60 points, or 0.17%. S&P 500 […]
Fed’s Daly advocates for a ‘measured’ approach as rate hike expectations rise
(CNBC) The Federal Reserve should be measured in its path to raise interest rates, San Francisco Fed President Mary Daly said on Sunday. “It is obvious that we need to pull some of the accommodation out of the economy. But […]
Robo-Adviser Charged with Misleading Clients
(HedgeCo.Net) The Securities and Exchange Commission has charged New York-based robo-adviser Wahed Invest, LLC with making misleading statements and breaching its fiduciary duty, and for compliance failures related to its Shari’ah advisory business. According to the SEC’s order, from September […]
Stock futures are flat following a steep sell-off spurred by hot inflation
(CNBC) Stock futures were flat in overnight trading Thursday after a sharp sell-off on Wall Street spurred by the hottest inflation reading in four decades. Futures on the Dow Jones Industrial Average dipped just 30 points. S&P 500 futures and […]
U.S. inflation data is like a ‘punch in the stomach’ for the Fed, says Citi economist
(CNBC) The latest U.S. January inflation data came in like a “punch in the stomach” for the Federal Reserve, which raises the possibility for an aggressive 50 basis points rate hike in March, the global chief economist of Citi Research […]
Citi forecasts Federal Reserve to raise rates by 50 basis points in March
(CNBC) Citi economists now expect the Federal Reserve to make a more aggressive 50-basis-point hike in the fed funds target rate in March. The bank made its forecast after January’s consumer price index soared 7.5% on an annual basis, up […]
