Monthly Archives: February 2022
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 […]
Public pension allocations to private funds grew by 18% YoY in 2021
(Opalesque) According to new data published this week by Nasdaq Private Fund Solutions, allocations to private funds from public pension plan allocators grew by 18% YoY to a total of $190.8 billion, according to the just-released Nasdaq Private Fund Trends […]
Affirm shares plummet 21% after company releases financial results early
(CNBC) The early release came after a since-deleted tweet was sent from Affirm’s official Twitter account at around 1:30 p.m. ET on Thursday. The tweet announced details of the company’s financial performance, including that its sales rose by 77%. The […]
January consumer inflation expected to rise by 7.2%, the highest since 1982
(CNBC) Economists are expecting another hot inflation report, with the headline consumer price index running at a 7.2% pace in January. CPI is reported Thursday at 8:30 a.m. ET and is expected to show an increase of 0.4%, a slower […]
Dow futures rise slightly ahead of key inflation data
(CNBC) U.S. stock futures were slightly higher on Wednesday night ahead of key inflation data due Thursday morning. Dow Jones Industrial Average futures rose 60 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures were flat. To read this […]
Disney parks business roars back as company beats earnings expectations, stock soars
(CNBC) Disney reported earnings for its fiscal first quarter Wednesday that beat analyst estimates on earnings per share and revenue. Disney+ subscriptions beat estimates, even as executives previously said they expect subscriber growth for Disney+ to be stronger in the […]
Uber beats on revenue, says core business is bouncing back after omicron surge
(CNBC) Uber reported fourth-quarter earnings after the bell on Wednesday. The company beat analyst estimates on revenue for the quarter and said it’s starting to bounce back from headwinds caused by the omicron coronavirus surge. To read this article: