Monthly Archives: May 2022
Stock futures are lower after big market reversal to start May
(CNBC) U.S. stock futures moved lower Monday night after the major averages staged a big reversal to start the month. Dow Jones Industrial Average futures fell 57 points, or 0.2%. S&P 500 and Nasdaq 100 futures dipped 0.2% and 0.3%, […]
Australia hikes its interest rate for the first time in more than a decade
(CNBC) Australia hiked its interest rate for the first time in more than a decade, a widely expected move as consumer prices surge. Its central bank said Tuesday that the cash rate will be increased by 25 basis points to […]
Bubble’ hitting 50% of market, top investor warns as Fed gets ready to meet
(CNBC) The market may be in the early innings of a dramatic decline. Despite Monday’s tech comeback, money manager Dan Suzuki of Richard Bernstein Advisors warns the group is in a “bubble.” “Go back and look at the history of […]
Promoters of “Automated Cryptocurrency Fund” Charged with Fraud and Registration Violations
(HedgeCo.Net) The Securities and Exchange Commission has charged Block Bits Capital, LLC, Block Bits Capital GP I, LLC and their co-founders Japheth Dillman and David Mata, with conducting a fraudulent unregistered securities offering. The SEC alleges that the San Francisco-based […]
Berkshire bought $51 billion in stock as Buffett combats supply chain
(Reuters) Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) dove into equity markets in the first quarter, spending more than $51 billion on stocks including a much larger stake in Chevron Corp (CVX.N). Berkshire, which Buffett has run since 1965, also said […]
The Fed’s favorite inflation gauge rose 5.2% in March as worker pay fell further behind
(CNBC) A measure that the Federal Reserve focuses on to gauge inflation rose in March, likely cementing the central bank’s intention to hike interest rates by half a percentage in May. The core personal consumption expenditures price index, which measures […]
Stock futures are higher after the Nasdaq posts worst month since 2008
(CNBC) U.S. stock index futures were higher during early morning trading Monday after the Nasdaq Composite Index posted its worst month since 2008, pressured by rising rates, rampant inflation, and underwhelming earnings from some of the largest technology companies. Futures […]
Warren Buffett says inflation ‘swindles almost everybody,’ Munger rails against bitcoin, at Berkshire meeting
CNBC) Berkshire Hathaway Chairman Warren Buffett on Saturday put fresh money behind Activision and Chevron and doled out sharp criticism against speculation in the market. Speaking at Berkshire Hathaway’s first in-person annual meeting since 2019, Buffett went so far as […]
U.S. Treasury yields start May higher as traders look ahead to Fed meeting
(CNBC) U.S. Treasury yields continued their push higher on Monday, as investors monitored economic data and monetary policy on the first trading day of May. The yield on the benchmark 10-year Treasury note rose 5 basis points to 2.9416% by […]
Mutual Fund Executives Charged with Misleading Investors in Funds that Suffered $1 Billion Loss
(HedgeCo.Net) The Securities and Exchange Commission has filed a civil action alleging that investment advisers LJM Funds Management Ltd. and LJM Partners Ltd. and their portfolio managers, Anthony Caine and Anish Parvataneni, fraudulently misled investors and the board of directors of a […]
Salesforce growth accelerates as company offers strong guidance for coming fiscal year
(CNBC) Salesforce shares rose 5% in extended trading on Thursday after the cloud software maker issued earnings and guidance that surpassed analysts’ expectations. Here’s how the company did: To read this article:
Fed’s Kaplan cites real estate excesses as one reason to start tapering purchases
(CNBC)Dallas Federal Reserve President Robert Kaplan cited potential excesses in the housing market and other inflation signs as an indication that the central bank should start slowly pulling back on its asset purchase program. With the Fed still buying at […]
