Monthly Archives: September 2021
Institutional investors and wealth managers set to invest in cryptoassets for the first time
(Hedgeweek) A new survey of institutional investors and wealth managers from the US, UK, France, Germany, and the UAE who collectively don’t currently have exposure to cryptocurrencies and digital assets, reveals that 62 per cent expect to invest in these […]
JPMorgan’s Jamie Dimon cautions a U.S. default would be ‘potentially catastrophic’
(CNBC) JPMorgan Chase has begun preparing for the possibility of the United States hitting its debt limit, Chief Executive Jamie Dimon told Reuters on Tuesday, adding he nevertheless expected policymakers to find a solution to avoid that “potentially catastrophic” event. […]
Stocks could slide further as interest rates rise and Big Tech drags the market
(CNBC) Strategists see more selling ahead after stocks sold off Tuesday, led downward by tech and large cap growth names. A sharp jump in interest rates over the last several sessions stung the market, particularly the growth names. At its […]
Markets sell off as a yield spike hits tech stocks – what to watch next
(CNBC) Markets sold off Tuesday after a spike in yields hammered tech stocks.Here’s what five experts have to say about stocks now. Tom Lee, Fundstrat’s head of research, said the noise out of Washington, D.C., that contributed to investor nerves […]
BlackRock’s Larry Fink says big companies shouldn’t be the only ‘climate police’ in the world
CNBC) Big companies and banks shouldn’t be the only “climate police” in the world, says BlackRock Chief Executive Larry Fink, who called on governments and society to play their part in climate change. To read this article:
SEC Charges Two Individuals for Wash Trading Scheme Involving Options of “Meme Stocks”
(HedgeCo.Net) The Securities and Exchange Commission has charged a Florida resident and his friend for engaging in a fraudulent scheme designed to collect liquidity rebates from exchanges by wash trading put options of certain “meme stocks” in early 2021. According […]
Hedge funds score taper trade hat trick:
(Reuters) Ahead of the Fed’s policy meeting last week, hedge funds sold Treasuries, positioned for a steeper 2s/10s yield curve, and increased their bullish bets on the dollar. Going by markets’ initial reaction to the Fed’s hawkish turn, the combination […]
Institutional investors stay cautious on crypto, as hedge funds ride bitcoin volatility
(Hedgeweek) As hedge funds continue to ride out cryptocurrencies’ volatility, new industry research suggests larger institutional investors remain reluctant to pile into digital assets in any meaningful sense, despite the strong returns generated by managers this year. To read this […]
Fed Chair Powell to warn Congress that inflation pressures could last longer than expected
(CNBC) Federal Reserve Chairman Jerome Powell, in remarks to be delivered Tuesday, cautioned Washington legislators that the causes of the recent rise in inflation may last longer than anticipated. In a speech that he will deliver to the Senate Banking […]
Dallas Fed President Kaplan to retire early on Oct. 8, citing trading disclosure ‘distraction’
(CNBC) Dallas Federal Reserve President Robert Kaplan became the second regional central bank leader to resign Monday, saying he was stepping down early following a recent controversy over stock market trades he made. Kaplan’s early retirement follows an announcement earlier […]
Ford to spend $11 billion, create 11,000 jobs on new U.S. EV and battery plants
(CNBC) Ford Motor and battery supplier SK Innovation plan to invest more than $11.4 billion in new U.S. facilities that will create nearly 11,000 jobs to produce electric vehicles and batteries. To read this article:
Stock futures are muted as investors gauge a spike in bond yields
(CNBC) U.S. stock futures were muted in early morning trading Tuesday following a rise in bond yields the previous day that pressured growth pockets in the market. Dow Jones Industrial Average futures rose just 30 points. S&P 500 futures were […]