Monthly Archives: September 2021
House Democrats may propose raising corporate tax rate to 26.5%
(Marketwatch) House Democrats expect to propose raising the corporate tax rate to 26.5% from 21% and imposing a 3 percentage-point surtax on individual income above $5 million, according to a House Democratic aide familiar with the plans. The tax increases […]
SEC Charges Issuers and CEO for $18 Million Illegal Securities Offering
(HedgeCo.Net) The Securities and Exchange Commission has charged Rivetz Corp., Rivetz International SEZC, and Steven K. Sprague, the President of Rivetz and CEO of Rivetz International, with conducting an illegal, unregistered offering of securities through an initial coin offering. According […]
GameStop rallies all the way back from 10% post-earnings slide as retail investors come to rescue
(CNBC) GameStop staged a stunning intraday comeback from its post-earnings sell-off on Thursday as retail investors looked past the lack of clarity on turnaround plans and piled into the meme star. Shares of the video game retailer closed the session […]
Fed presidents Kaplan, Rosengren to sell individual stock holdings to address ethics concerns
(CNBC) Federal Reserve regional presidents Robert Kaplan and Eric Rosengren said Thursday they will sell individual stock holdings amid ethics concerns regarding trading in 2020. The Fed officials will sell all their stocks by Sept. 30 and put the proceeds […]
Stock futures point to opening bounce after Dow, S&P post fourth day of losses
(CNBC) U.S. stock index futures were higher in early morning trading on Friday, after stocks registered a fourth-straight day of losses on Thursday. Futures contracts tied to the Dow Jones Industrial Average rose 118 points. S&P 500 futures and Nasdaq […]
Hedge funds surge into double-digit territory after August rebound
(Hedgeweek) Hedge funds’ narrow rise during August has driven their year-to-date returns back into double-digit territory, as equity long/short, event driven, macro and relative value managers all scored gains in the face of the Afghanistan crisis, ongoing monetary policy uncertainty, […]
EasyJet short sellers boosted as airline’s share price plummets
(Hedgeweek) Hedge funds betting against easyJet saw their short positions boosted on Thursday as the low-cost airline’s share price took a sharp nosedive after it rejected a takeover bid. To read this article:
Leon Black says accuser, eyeing payday, made up Jeffrey Epstein claims
(Reuters) A woman suing former Apollo Global Management Inc (APO.N) Chief Executive Leon Black for sexual abuse and defamation made up “demonstrably false” new accusations linking him to the late sex offender Jeffrey Epstein, Black’s lawyers said on Wednesday. To […]
Prosecutors call Elizabeth Holmes a liar and a cheat as her fraud trial begins
(CNBC) Prosecutors called Theranos founder and CEO Elizabeth Holmes a liar and a cheat on Wednesday while her attorneys argued that the company’s failure was not a crime. “Out of time, out of money, Elizabeth Holmes decided to lie,” Robert […]
Hedge funds gain as political risks rise
(Opalesque) Equity Hedge tops strategy performance as HFRI posts 10th gain in 11 months following uncertainty around Afghanistan, stimulus, spending and reopening increase. Hedge funds advanced in August, despite increasing risks associated with instability in Afghanistan and expectations for Federal […]
Yellen urges Congress to raise debt limit, warns Pelosi about extraordinary measures running out soon
(CNBC) Treasury Secretary Janet Yellen on Wednesday warned House Speaker Nancy Pelosi that the mere specter of a U.S. default can have drastic consequences for U.S. financial markets and urged Democratic leadership to raise or suspend the debt ceiling as […]
Businesses are feeling stronger inflation and paying higher wages, Fed’s ‘Beige Book’ says
(CNBC) In its periodic “Beige Book” look at the nation’s economic picture, the central bank also reported that growth overall had “downshifted slightly to a moderate pace” amid rising public health concerns during the July-through-August period that the report covers. […]