Monthly Archives: April 2021
Netflix’s correction quarter: Streaming giant stumbles after benefiting from early pandemic surge
(CNBC) Shares slumped more than 10% after hours after Netflix announced it had added just under 4 million subscribers in the first quarter — missing the company’s forecast of 6 million. Netflix also said it expected a mere 1 million […]
Macro hedge fund Arete Capital eyes shorter duration assets amid rate rise shift
(Hedgeweek) Global macro hedge fund Arete Capital Partners is tilting towards shorter-duration assets amid an evolving rate environment which carries far-reaching consequences for inflation and the cost of capital. To read this article:
This week’s market decline looks like a brief pause for now, analysts say
(CNBC) Stocks are now in a choppy period, and technical analysts say it has the look of a short-term pullback. Strategists say it would make sense for this week’s selling to fit in the pattern of many pullbacks with a […]
Trading Platform and Two Top Controlling Executives Charged with $100 Million Fraud.
(HedgeCo.Net) The Securities and Exchange Commission charged Israeli-based Spot Tech House, Ltd., formerly known as Spot Option, Ltd., and two of its former top executives, Malhaz Pinhas Patarkazishvili (also known as Pini Peter) and Ran Amiran, with deceiving U.S. investors […]
Stock Shorts Collapse as No Hedge Fund Wants ‘Head Ripped Off’
(Bloomberg) — Wall Street bears battered by the Reddit crowd earlier this year have yet to regain their gumption, even with stocks at records and valuations near two-decade highs. The median short interest in members of the S&P 500 sits […]
Bridgewater launches sustainable investing venture
(Hedgeweek) Bridgewater Associates (Bridgewater), a global leader in institutional portfolio management and the largest hedge fund in the world, has launched a new sustainable investing venture. To read this article:
Wall Street banks brace for digital dollars as the next big disruptive force
(CNBC) Wall Street is warming up to the idea that the next big disruptive force on the horizon is central bank digital currencies, even though the Federal Reserve likely remains a few years away from developing its own. Led by […]
Bitcoin’s sell-off by the numbers: Oppenheimer puts the latest drop into perspective
(CNBC) It’s been a wild few days for bitcoin. The cryptocurrency fell close to $52,000 on Sunday, sharply off its record high set last week above $64,800. The sell-off was tied to rumors of a regulatory crackdown in the U.S., […]
IBM beats across the board, posts revenue growth after four quarters of declines
(CNBC) IBM shares rose up to 4% in extended trading on Monday after the enterprise technology and services maker reported first-quarter earnings that came in better than analysts had expected. To read this article:
All-Star Money Manager Rich Bernstein warns Investors are poorly prepared for inflation
(CNBC) Institutional Investor Hall of Famer Richard Bernstein is finding a lot of denial about inflation risks. According to Bernstein, the evidence is baked in to how investors are positioned right now. “Think about what people love. They love long-duration […]
SEC Obtains Final Judgment Against Fraud Guarantee Co-Founder for Engaging in Fraudulent Securities Offering
(HedgeCo.Net) The U.S. District Court for the Southern District of New York has entered a final consent judgment against Florida resident David Correia for his role in participating in an offering fraud that raised millions of dollars from investors. According […]
Bitcoin tumbles from recent high as cryptocurrencies take weekend hit
(CNBC) The price of bitcoin tumbled over the weekend and was down as much as 19.5% from record highs posted by the popular cryptocurrency in the past week. Bitcoin dropped as low as $52,148.98 on Sunday morning after reaching an all-time […]
