Monthly Archives: May 2021
Cathie Wood loves the setup for her stocks after sell-off, expects big returns from her strategies
(CNBC) Cathie Wood, founder of Ark Invest, said Friday that the pullback in technology stocks is not a cause for concern, and that her long-term bets will pay off over time. “I love this setup,” “The worst thing that could […]
SEC Charges Previously-Barred Broker with Defrauding Investors in a Pre-IPO Investment Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged a previously barred securities broker with fraudulently raising funds from investors purportedly to purchase shares of prominent private companies prior to their initial public offerings (IPOs). The SEC also charged three individuals […]
Banks Are Making It Harder for Hedge Funds to Leverage Their Bets After Archegos
(Bloomberg) The dust hadn’t yet settled on Archegos Capital Management’s implosion, when hedge funds started shifting their bets toward banks that avoided getting hurt, hoping to keep leveraging up just like before. Good luck with that. To read this article:
Wells Fargo says U.S. consumer watchdog has opened new probe on mishandling of accounts
(Reuters) Wells Fargo and Co. is facing a new probe from the U.S. consumer watchdog over how it disclosed and assessed monthly fees on certain consumer bank accounts in 2016, the bank disclosed in a regulatory filing on Thursday. To […]
Fed warns about potential for ‘significant declines’ in asset prices as valuations climb
(CNBC) Rising asset prices in the stock market and elsewhere are posing increasing threats to the financial system, the Federal Reserve warned in a report Thursday. In its semiannual Financial Stability Report, the central bank said that while the system […]
Goldman Sachs offers bitcoin derivatives to investors
(Reuters) Goldman Sachs Group Inc is allowing Wall Street investors to trade with a derivative tied to bitcoin prices, Bloomberg News reported on Thursday. Goldman, the fifth-largest U.S. bank, has opened up trading with non-deliverable forwards that eventually pay out […]
April jobs expected to top 1 million as consumers boost the economy
(CNBC) Job growth in April could top 1 million, though many positions also may have gone unfilled. Economists expect to see job creation in each of the next several months of over 1 million, as more Americans are vaccinated and […]
Bezos sells nearly $2 billion worth of Amazon shares
(CNBC) Amazon CEO Jeff Bezos this week sold nearly $2 billion worth of shares in his company, according to filings with the Securities and Exchange Commission compiled by OpenInsider. Bezos sold roughly $684 million worth of Amazon shares on Tuesday, […]
Proxy adviser ISS cautions on pay of JPMorgan CEO Dimon
(Reuters) Proxy adviser Institutional Shareholder Services on Wednesday recommended investors cast advisory votes in favor of the pay of JPMorgan Chase & Co CEO Jamie Dimon at the bank’s annual meeting on May 18, but with a caveat. To read […]
Clarida says the Fed is ‘a long way from our goals’ and tightening policy
(CNBC) Federal Reserve Vice Chairman Richard Clarida says he thinks the central bank should keep its ultra-loose policy in place even as the U.S. economy storms back from its pandemic-era tumble. Clarida said he expects the economy to grow close […]
If crypto cracks in the summer months, this will be ‘one of the easiest shorts’ in the book
(CNBC) Could the cryptocurrency craze cool off come summer? Closely watched digital assets including bitcoin, ether, litecoin, dogecoin and ripple rallied Wednesday, fueled by a speculative frenzy around the space that has continued to drive demand in 2021. To read […]
Lawmakers urge Yellen to expand AML reporting obligations to private equity and hedge fund advisors
(Opalesque) Two Democratic lawmakers have sent a letter to the U.S. Secretary of the Treasury Janet Yellen, urging the Department to expand anti-money laundering reporting obligations to private equity and hedge fund advisors. To read this article:
