Monthly Archives: August 2020
Salesforce soars on big earnings beat
(CNBC) Salesforce shares rose as much as 14% in extended trading Tuesday after the enterprise-software company reported fiscal second-quarter earnings that surpassed analysts’ expectations, the day after S&P Dow Jones Indices said Salesforce will replace Exxon Mobil in the 30-stock Dow Jones Industrial […]
SS&C GlobeOp Forward Redemption Indicator at 3.08 per cent in August
(Hedgeweek) The SS&C GlobeOp Forward Redemption Indicator for August 2020 measured 3.08 per cent, up from 2.64 per cent in July. To read this article:
Stock futures flat after S&P notches another record
(CNBC) U.S. stock futures were flat in overnight trading on Tuesday after the S&P 500 closed at a new record high. Dow futures rose 5 points. The S&P 500 and Nasdaq 100 futures rose 0.04% and 0.1%, respectively. Software company […]
Palantir files to go public, lost about $580 million last year
(CNBC) Data analytics company Palantir Technologies has released its prospectus to debut on public markets. The company aims to trade on the New York Stock Exchange under the symbol PLTR. Rather than sell shares through an initial public offering, the […]
Nordstrom’s sales fall 53% as department store chain suffers store closures amid pandemic
(CNBC) Nordstrom said Tuesday its net sales fell 53% during the second quarter, as its stores took a hit from being temporarily closed during the coronavirus pandemic, and its online business suffered due to a shift in timing of its annual […]
U.S. stock futures rise after the S&P 500?s first close above 3,400
(CNBC) U.S. stock futures rose early Tuesday morning after another record-setting session on Wall Street. Dow Jones Industrial Average futures traded higher by 156 points. S&P 500 and Nasdaq 100 futures also traded in positive territory. During regular trading, the […]
Powell set to deliver ‘profoundly consequential’ speech, changing how the Fed views inflation
(CNBC) History will remember Paul Volcker and Jerome Powell as standing on the opposite ends of the inflation canyon, with the former taking desperate actions to try to tamp it down and the latter expected this week to announce an […]
Former Brokers Charged with IIIegally Selling Securities
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against two former registered representatives, Minish “Joe” Hede and Kevin Graetz, for acting as unregistered brokers in the sale of securities issued by Belize Infrastructure Fund I, LLC (Belize Fund). According […]
Marble Ridge Founder Won’t Have To Fight Criminal Charges, Run Hedge Fund Simultaneously
(Reuters) When facing the possibility of prison, some hedge fund managers draw up elaborate contingency plans for that awful potential day. Marble Ridge Capital founder Dan Kamensky, who is on record acknowledging, “maybe I should go to jail” and who […]
Third Point-backed Far Point green lights $2.6 billion Global Blue deal
(Reuters) Shareholders of Far Point (FPAC.N), the blank-check company backed by U.S. hedge fund Third Point LLC, on Monday approved the proposed $2.6 billion acquisition of Swiss payments company Global Blue. The vote caps months of wrangling between Third Point […]
Salesforce, Amgen and Honeywell added to Dow in major shake-up to the average
(CNBC) Major changes are coming to the Dow Jones Industrial Average. S&P Dow Jones Indices said Monday that three new companies will be joining the 30-stock benchmark. Salesforce.com will replace Exxon Mobil, Amgen will replace Pfizer and Honeywell International will […]
Credit Suisse to merge NAB business
(Marketwatch) Credit Suisse Group AG said Tuesday that it plans to merge the business of its subsidiary Neue Aargauer Bank AG with that of Credit Suisse, and establish a single brand in Canton Aargau, Switzerland. The Swiss bank said the […]