Monthly Archives: February 2022
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 […]
The value of Warren Buffett’s Apple investment just went up by $9.8 billion in less than a day
(CNBC) The value of Berkshire Hathaway’s holdings in Apple increased $9.8 billion last week as Apple stock rose nearly 7% on a strong earnings report. Apple reported December quarter earnings of nearly $124 billion in sales and strong sales growth […]
Fed’s Bostic tells the FT the central bank could hike rates by a half-point if needed
(CNBC) The Federal Reserve isn’t ruling out raising interest rates by half of a percent instead of the typical quarter-point move if inflation remains high, Atlanta Fed President Raphael Bostic said in an interview with the Financial Times. Bostic reiterated […]
Big swings in the market are more normal than investors might expect, but things could get worse
(CNBC) The stock market’s wild gyrations this past week have been an emotional roller coaster for investors, and the ride has not come to a full stop. It feels bad right now, and strategists say it could get worse as […]
Activist hedge fund Elliott reveals NiSource stake
(Hedgeweek) Activist investor Elliott Management has backed NiSources’ decision to appoint a new chief executive officer (CEO) having revealed a stake in the US utility company, according to Reuters. To read this article:
SEC Charges CEO for acting as an Unregistered Broker
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Glen A. Stewart, CEO of Colorado-based Wiser Investments, Inc., for acting as an unregistered broker and illegally selling Wiser securities in unregistered transactions to retail investors. According to the SEC’s […]
Hedge funds attract $6.39bn of new capital to start 2021
(Opalesque) There were 42 launches in Q3 of 2020-the lowest of any fiscal quarter of the last five years-and of those launches, very few had a sizeable AuM. However, according to new research by HFM, almost three in five investors […]