Monthly Archives: May 2022
Nvidia stock falls on light guidance, CFO says company will slow hiring
(CNBC) Nvidia will slow down its hiring pace and control expenses as the company deals with a challenging macroeconomic environment, its CFO Colette Kress said after the company reported fiscal first-quarter earnings on Wednesday. Nvidia beat analyst expectations for sales […]
How Elon Musk’s Twitter takeover plans shook Wall Street and social media
(CNBC) Elon Musk wears many hats as Tesla CEO, SpaceX CEO, and founder of the Boring Company and Neuralink. He’s also a prolific Twitter user. The news that Musk made a $44 billion offer to buy Twitter and potentially become […]
Fed minutes point to more rate hikes that go further than the market anticipates
(CNBC) Federal Reserve officials earlier this month stressed the need to raise interest rates quickly and possibly more than markets anticipate to tackle a burgeoning inflation problem, minutes from their meeting released Wednesday showed. Not only did policymakers see the […]
SEC unveils rules to prevent misleading claims and enhance disclosures by ESG funds
(CNBC) The Securities and Exchange Commission on Wednesday proposed two rule changes that would prevent misleading or deceptive claims by U.S. funds on their environmental, social and corporate governance (ESG) qualifications and increase disclosure requirements for those funds. To read […]
TradeZero America and Co-Founder Charged with Deceiving Customers about Meme Stock Trading Halts
(HedgeCo.Net) The Securities and Exchange Commission has charged broker-dealer TradeZero America Inc., and its co-founder, Daniel Pipitone, with falsely stating to the firm’s customers that they didn’t restrict the customers’ purchases of meme stocks when in fact they did. In […]
Bank of America CEO Brian Moynihan says nothing will slow U.S consumer from spending money
(CNBC) U.S. consumers are “in good shape” and will keep spending at an elevated clip, at least in the near term, according to Bank of America CEO Brian Moynihan. “Consumers are in good shape, not overleveraged,” Moynihan, CEO of the […]
Stock futures rise following Tuesday’s losses in the Nasdaq
(CNBC) U.S. stock futures rose on Tuesday night after the Nasdaq Composite dropped during the regular session, following a warning of slowing growth from social media company Snap that hurt the tech-heavy index. Dow Jones Industrial Average futures rose 111 […]
Bill Ackman says a more aggressive Fed or market collapse are the only ways to stop this inflation
(CNBC) Billionaire hedge fund manager Bill Ackman said raging inflation will only dissipate if the Federal Reserve acts more aggressively or the market sell-off turns into a full-on collapse “There is no prospect for a material reduction in inflation unless the Fed […]
Snap’s warning sends shock across digital advertising as investors flee social media stocks
(CNBC) Social media companies were already having a rough year from the cutback in digital ad spending caused by rising inflation, supply chain challenges and the war in Ukraine. Forecasts for the second quarter called for meager growth at best, […]
Nordstrom raises full-year outlook as first-quarter sales top expectations
(CNBC) Nordstrom on Tuesday reported fiscal first-quarter sales ahead of analysts’ expectations and hiked its full-year outlook, citing momentum in the business as shoppers visited the company’s department stores to refresh their closets with designer brands and shoes. Nordstrom now […]
BNY Mellon Investment Adviser Charged for Misstatements and Omissions Concerning ESG Considerations
(HedgeCo.Net) The Securities and Exchange Commission has charged BNY Mellon Investment Adviser, Inc. for misstatements and omissions about Environmental, Social, and Governance (ESG) considerations in making investment decisions for certain mutual funds that it managed. To settle the charges, BNY […]
Zoom pops 16% on first-quarter earnings beat and strong guidance
(CNBC) Zoom shares rose 16% in extended trading on Monday after the provider of video chat software reported better-than-expected first-quarter earnings and issued an upbeat forecast for the second period. To read this article: