Monthly Archives: February 2022
Qualcomm beats expectations for revenue and earnings, sales up 30%
(CNBC) Qualcomm reported first-quarter earnings Wednesday, beating analyst expectations for revenue and guidance, and offering a strong outlook for its fiscal second quarter. However, Qualcomm stock fell over 8% at one point during extended trading on Wednesday before recovering to […]
Bitcoin evangelist Michael Saylor says clear crypto regulations would speed institutional adoption
(CNBC) Tighter government crypto regulations would actually be a positive catalyst for bitcoin, MicroStrategy co-founder and CEO Michael Saylor told CNBC on Wednesday. “Additional regulatory clarity from the [Biden] administration is going to benefit bitcoin and accelerate institutional adoption of […]
Fraud Charges Filed against Investment Advisers in Multi-Million Dollar Scheme Targeting Retirement Accounts
(HedgeCo.Net) The Securities and Exchange Commission has filed charges against Safeguard Metals LLC, and its owner, Jeffrey Santulan, for engaging in a multi-million dollar fraudulent scheme involving hundreds of investors who were at or near retirement age. According to the […]
Alternative investments secondary market up 132.2% in 2021
(Hedgeweek) In the midst of the Covid-19 pandemic, the alternative investments secondary market – private equity, real estate, infrastructure, timber, hedge funds – hit a record $143.4 billion in FY 2021, up markedly from the $61.8 billion transacted in 2020. […]
Alphabet stock split could pave the way for addition to the Dow Jones Industrial Average
(CNBC) Alphabet announced a 20-for-1 stock split in its Q4 2021 earnings report on Tuesday – for all 3 classes of its stock. Before its earnings report sent shares up more than 8%, Alphabet’s Class A shares closed at $2,753. […]
Alphabet reports big fourth-quarter beat; stock pops
(CNBC) Google parent Alphabet reported better-than-expected fourth-quarter earnings and revenue. Shares popped more than 9% in extended trading. The company also announced a 20-for-1 stock split that will go into effect in July. To read this article:
GM forecasts earnings ‘at or near record levels’ in 2022 as chip shortage eases
(CNBC) General Motors said it expects to generate an operating profit this year of between $13 billion and $15 billion as a semiconductor shortage that marred vehicle production and sales for most of last year shows signs of improving. The […]
‘It’s going to be a year where we are shocked by the volatility,’ BofA’s Savita Subramanian warns
(CNBC) Investors should proceed with caution, according to BofA Securities’ Savita Subramanian. Even though February kicked off on a strong note, she warned a messy sideways market is ahead. “It’s going to be a year where we are shocked by […]
After a huge year for growth, the U.S. economy is about to slam into a wall
(CNBC) Spurred by a massive inventory rebuild and consumers flush with cash, the U.S. economy last year grew at its fastest pace since 1984. Don’t expect a repeat performance in 2022. In fact, the year is starting with little growth […]
Remediation Helps Tech Company Avoid Penalties
(HedgeCo.Net) The Securities and Exchange Commission today announced settled fraud charges without a penalty against HeadSpin, Inc., a private technology company that made significant remedial efforts in the wake of an internal investigation into misconduct by its now former CEO. […]
Global venture capital investment nearly doubled in value to $671bn in 2021
(Opalesque) 2021 saw $671 billion invested throughout the full year 2021, a staggering sum when compared to the annual highs seen at the start of the decade, said a study. According to the latest quarterly report from KPMG Enterprise 2021 […]
Federal Reserve’s Barkin says businesses would welcome higher interest rates
(CNBC) The U.S. economy is ready for interest rate increases to control rampant inflation, Richmond Federal Reserve President Thomas Barkin said Monday. With the Fed poised to start hiking rates in March and beyond, Barkin says that tighter monetary policy […]
