Monthly Archives: May 2023
Airbnb drops 10% after earnings report offers cautious outlook for second quarter
(CNBC) Shares of Airbnb fell as much as 10% in extended trading Tuesday despite first-quarter earnings that beat analyst estimates on the top and bottom lines, as it offered slightly weaker-than-expected guidance and a cautious outlook for the current quarter. To read […]
Fed’s John Williams says rates could be increased if inflation doesn’t come down
(CNBC) New York Federal Reserve President John Williams on Tuesday cautioned that interest rate increases will take a while to work their way through the economy before inflation returns to an acceptable level. The central bank official gave no forecast […]
SEC Obtains Judgment Against Former CEO and General Counsel Who Raised Millions of Dollars from Investors Through False Statements
(HedgeCo.Net) The United States District Court for the District of Connecticut has entered a final judgment against former Connecticut resident Ronald D. Swanson ordering him to pay over $927,000 in disgorgement and penalties in a securities offering fraud action previously […]
Fed report shows banks worried about conditions ahead, with focus on slowing economy and deposit outflows
(CNBC) Tumult in mid-sized institutions caused banks to tighten lending standards both to households and businesses, potentially posing a threat to U.S. economic growth, according to a Federal Reserve report Monday. The Fed’s quarterly Senior Loan Officer Opinion survey said […]
S&P 500 futures are flat as investors await closely followed inflation data: Live updates
(CNBC) S&P 500 futures are little changed Monday night as investors readied for key inflation reports due later in the week. Futures tied to the Dow Jones Industrial Average lost 12 points, or 0.04%. S&P 500 futures inched down by […]
Alphabet to unveil A.I. updates at Google I/O, showing off creative writing and coding capabilities
(CNBC) Artificial intelligence is going to be a central theme at Google’s annual developer conference on Wednesday, as the company is planning to announce a number of generative AI updates, including launching a general-use large language model (LLM). To read […]
Lucid posts a wider loss as demand concerns linger, says it has enough cash to last into 2024
(CNBC) Luxury electric vehicle maker Lucid Group on Monday reported a wider first-quarter loss, but said that it still has enough cash to continue operations into next year. Shares were down over 8% in after-hours trading following the news. To […]
Palantir soars on earnings beat and prediction of full-year profitability
(CNBC) Shares of Palantir rose as much as 28% in extended trading Monday after the company released first-quarter earnings that beat analysts’ estimates and said it expects to be profitable through the end of the year. To read this article:
Institutional interest in crypto is ‘maturing,’ says Cantor Fitzgerald’s Han
(CNBC) It may look and feel like crypto has lost its shine for institutional investors, but their interest is still there to stay and may even be maturing, according to Cantor Fitzgerald’s Elliot Han. Han, who leads the firm’s crypto, […]
Investment Adviser and Fund Trustees Charged with Liquidity Rule Violations
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against investment adviser Pinnacle Advisors LLC for aiding and abetting Liquidity Rule violations by a mutual fund it advised and whose Liquidity Risk Management Program it administered. The SEC also charged […]
Warren Buffett says American banks could face more turbulence ahead, but deposits are safe
(CNBC) Berkshire Hathaway CEO Warren Buffett on Saturday assailed regulators, politicians and the media for confusing the public about the safety of U.S. banks and said that conditions could worsen from here. Buffett, when asked about the recent tumult that […]
Stock futures are flat to start the week
(CNBC) U.S. stock futures were flat on Sunday evening. Futures tied to the Dow Jones Industrial Average added 10 points, while S&P 500 and Nasdaq-100 futures were flat. Over the weekend, billionaire investor Warren Buffett commented on a slew of […]