Monthly Archives: May 2021
Stock futures are flat ahead of more retail earnings
(CNBC) U.S. stock futures were flat in overnight trading on Tuesday ahead of more retail earnings. Dow futures fell about 25 points. S&P 500 futures dropped 0.1% and Nasdaq 100 futures rose 0.05%. On Tuesday, the major averages ended the […]
S&P Dow Jones Indices Pays $9-Million to settle Charges for Failures Relating to Volatility-Related Index
(HedgeCo.Net) The Securities and Exchange Commission has announced settled charges against S&P Dow Jones Indices LLC for failures relating to a previously undisclosed quality control feature of one of its volatility-related indices, which led S&P DJI to publish and disseminate […]
Only one of 2020’s top five hedge funds in the the top five so far in 2021
(Hedgeweek) Using data from HFR and Eurekahedge, AlternativeSoft selected five funds with the highest 2020 returns to see if simple momentum has generated strong returns in 2021. To read this article:
Hedge funds return 2.14%, up 7.06% YTD
(Opalesque) The hedge fund industry added to its gains in April, returning 2.14% as the industry posted a sixth consecutive month in the black, according to the Barclay Hedge Fund Index compiled by BarclayHedge. By comparison the S&P 500 Total […]
AT&T announces $43 billion deal to merge WarnerMedia with Discovery
(CNBC) Telecom giant AT&T announced Monday a deal to combine its content unit WarnerMedia with Discovery, creating Hollywood’s biggest studios to compete with media giants Netflix and Disney. AT&T will unwind its $85 billion acquisition of Time Warner, and form […]
Michael Burry of ‘The Big Short’ reveals a $530 million bet against Tesla
(CNBC) Famed investor Michael Burry on Monday revealed in a regulatory filing a short position against Tesla worth more than half a billion. Burry, one of the first investors to call and profit from the subprime mortgage crisis, is long […]
White House releases the Bidens’ tax return, showing their income dropped
(CNBC) President Joe Biden and first lady Jill Biden earned $607,336 in 2020, according to their newly released tax return, a significant drop from their 2019 income that reflects Joe Biden’s singular focus on campaigning for president last year. To […]
Dollar drops as yield support fades amid expectations of low U.S. rates
(Reuters) The dollar plumbed a six-year trough against the Canadian dollar and teetered near multi-month lows versus European currencies on Tuesday, as Treasury yields stalled amid renewed expectations the United States will not hike interest rates anytime soon. To read […]
Fraudster Sentenced to More Than 13 Years in Parallel Criminal Case
(HedgeCo.Net) DaRayl D. Davis, charged by the SEC in December 2017 with raising millions of dollars from investors by selling them fictitious financial products, has been sentenced in a parallel criminal case to 160 months in prison and ordered to […]
North American asset managers lag in adopting disruptive technologies
(Opalesque) The vast majority (95%) of North American asset managers believe that their technology, data, and digital capabilities will be competitive differentiators by 2025, many remain in the early stages of adopting disruptive technologies, including artificial intelligence (AI) and cloud […]
AT&T in advanced talks to merge WarnerMedia with Discovery, deal expected as soon as Monday
(CNBC) AT&T is in advanced talks to merge WarnerMedia with Discovery in a deal that will strengthen the combined company against rival media giants Netflix and Disney To read this article:
Earnings reports and the Fed will test the market rally in the week ahead
(CNBC) Investors will see whether stocks carry their newfound momentum into the week ahead, as major retailers, including Walmart and Home Depot, report earnings and housing data dominates the calendar. To read this article:
