Monthly Archives: September 2020
Samsung shares could rally over 40% to record highs on smartphone rebound and chips, analyst says
(CNBC) Samsung shares could rally over 40% in the next year, according to one analyst who sees TV and smartphone sales rebounding sharply in the near-term and a boost in the chip division. To read this article:
Oracle’s stock jumps as company returns to growth
(CNBC) Oracle shares rose as much as 6% in extended trading on Thursday after the software maker reported fiscal first-quarter earnings and quarterly guidance that were better than analysts had expected. To read this article:
Dow closes 400 points lower as tech sell-off resumes
(CNBC) Stocks fell sharply in volatile trading on Thursday as the rout in tech — the best-performing sector in the market — resumed after a one-day respite. The Dow Jones Industrial Average closed 405.89 points lower, or 1.45%, at 27,534.58. Earlier […]
Hedge funds on a roll with strongest five-month showing since early 2000
(Hedgeweek) Hedge fund managers running a range of investment strategies rose again last month, with August’s gains capping the strongest five-month run for the industry in more than 20 years. To read this article:
JPMorgan says some employees have ‘fallen short’ as bank probes abuses of government relief funds
(CNBC) JPMorgan Chase welcomed employees back from a long holiday weekend with a troubling message in their inboxes: Some of them may have been involved in potentially illegal activity. The bank’s operating committee, led by CEO Jamie Dimon, sent an […]
Investors are buying the dip for now, but the market rout is likely not over
(CNBC) The swift correction in Nasdaq and technology stocks has cleared away some of the market’s speculative froth, but there is likely to be a period of choppiness before stocks begin a new march higher, strategists say. Stocks staged an […]
Washington Company and Owner Charged with Defrauding Investors
(HedgeCo.Net) The Securities and Exchange Commission today charged a Bellevue, Washington company and its principal with defrauding investors by making false and misleading statements about a failing real estate investment project. The SEC’s complaint alleges that, between September and December […]
Mall owners Simon, Brookfield set to rescue JC Penney from bankruptcy in $800 million deal
(CNBC) U.S. mall owners Simon Property Group and Brookfield Property Partners are close to finalizing an $800 million deal to rescue the embattled department store chain J.C. Penney from bankruptcy, avoiding a total liquidation and saving about 70,000 jobs and […]
Retail investing boom may spark concerns, but strategist says markets have lived through it before
(CNBC) Retail investors have been fueling a frenzied buying boom in markets this year, sparking fears that they are driving too much speculation in the market. But Christopher Smart, chief global strategist at Barings Investment Institute, suggested that the risks […]
Ex-private equity executive pleads guilty to stealing SEC info
(Reuters) A former chief compliance officer at a private equity firm pleaded guilty to a misdemeanor on Tuesday, obviating the need for a rare criminal bench trial expected to start this month on charges he stole information about a U.S. […]
Hedge funds extend performance rebound to five months
(Opalesque) Hedge funds extended the recent performance surge in August, navigating a complex and volatile environment driven by the ongoing global pandemic, violent social unrest and protests across U.S. cities, and evolving uncertainty around the upcoming U.S. election. To read […]
Stock futures in positive territory as Wall Street looks to bounce from technology-led sell-off
(CNBC) U.S. stock futures were in positive territory during Wednesday early morning trading, following the technology-led stock rout that continues to pressure financial markets. Dow futures rose 11 points. S&P 500 futures and Nasdaq 100 futures also both traded in […]