Monthly Archives: August 2022
Ford stock notches its best month since the Great Recession — and keeps rising
(CNBC) Ford Motor’s stock on Monday added to its best month since the Great Recession in 2009, signaling a significant swing for the Detroit automaker this year. Shares closed Monday at $15.34, up 4.4%. The gains added to the stock […]
Pinterest climbs on user numbers and Elliott investment even as financials disappoint
(CNBC) Pinterest shares jumped on better-than-expected user numbers even as earnings and revenue missed estimates and the company gave weak guidance for the third quarter. Activist investor Elliott Management confirmed separately that it’s Pinterest’s top investor and said it has “conviction in the […]
JPMorgan, UBS, and TradeStation Charged for Deficiencies Relating to the Prevention of Customer Identity Theft
(Hedgeco.Net) The Securities and Exchange Commission today separately charged J.P. Morgan Securities LLC, UBS Financial Services Inc., and TradeStation Securities, Inc. for deficiencies in their programs to prevent customer identity theft, in violation of the SEC’s Identity Theft Red Flags […]
Liquidators may force Three Arrows founders to cooperate
(Hedgeweek) Kyle Davies and Su Zhu, founders of Three Arrows Capital, may be forced to cooperate with the liquidators of the failed crypto hedge fund, according to a report by Bloomberg. To read this article:
Private equity and hedge funds raise concerns over proposed US carried-interest tax increase
(Hedgeweek) Private equity and hedge funds have raised concerns over a US government plan to raise the level of tax on carried-interest income which could be damaging for both small businesses and big institutional investors, according to a report by […]
Stock futures fall to start August trading with market coming off best month since 2020
(CNBC) Stock futures fell following the market’s best month since 2020 as investors look ahead to another week of key earnings reports and economic data. The Dow Jones Industrial Average futures fell by 151 points, or 0.46%. S&P 500 futures […]
Are we in a recession? It doesn’t matter, Fed official says: ‘I’m focused on the inflation data’
(CNBC) If you’re debating whether or not the U.S. is in a recession, you’re asking the wrong question, according to a top Federal Reserve official. “Whether we are technically in a recession or not doesn’t change my analysis,” Neel Kashkari, […]
Google CEO tells employees productivity and focus must improve, launches ‘Simplicity Sprint.”
(CNBC) Google is launching a new effort called “Simplicity Sprint” in an effort to improve efficiency and improve employee focus during an uncertain economic environment. The Alphabet company had its regular all-hands last Wednesday, and the tone was somewhat urgent […]
Most hedge fund subsectors lost money and investor capital in May as redemptions increased
(Hedgeweek) Hedge fund redemptions increased slightly in May to $27.53 billion, 0.54% of industry assets. Despite the broader industry trend, some hedge fund subsectors did manage to add to assets in May, with multi-strategy funds leading the way at +$2.90 […]
SEC Announces Three Actions Charging Deficient Cybersecurity Procedures
(HedgeCo.Net) The Securities and Exchange Commission has sanctioned eight firms in three actions for failures in their cybersecurity policies and procedures that resulted in email account takeovers exposing the personal information of thousands of customers and clients at each firm. […]
Robinhood tanks after SEC chair tells Barron’s that banning payment for order flow is a possibility
(CNBC) Shares of Robinhood dropped Monday amid several bouts of bad news for the brokerage app. Robinhood’s stock fell 6.9% to $43.64 per share after Securities and Exchange Commission Chairman Gary Gensler told Barron’s that banning the controversial practice of […]
PayPal is exploring a stock-trading platform for U.S. customers
(CNBC)After rolling out the ability to trade cryptocurrencies last year, the payments giant has been exploring ways to let users trade individual stocks, according to two sources familiar with the plans. To read this article: