Monthly Archives: November 2022
Stock futures flat as Wall Street awaits U.S. midterm elections
(CNBC) Stock futures were flat Monday evening following a winning day for markets as investors looked ahead to U.S. midterm elections on Tuesday. Futures tied to the Dow Jones Industrial average rose 12 points or 0.04%, after erasing earlier gains. […]
Elon Musk encourages independents to vote for a Republican Congress ahead of midterms
(CNBC) New Twitter owner Elon Musk weighed in on the upcoming midterm elections and tweeted on Monday that “independent-minded” people should vote for a Republican Congress. “Shared power curbs the worst excesses of both parties, therefore I recommend voting for […]
Elliott Management backs PMI’s $15.7bn Swedish Match takeover bid
(Hedgeweek) Elliott Management, the biggest shareholder in Swedish Match, is set to make around $150 million after deciding to back Philip Morris International’s (PMI) $15.7bn offer for the smokeless tobacco specialist, according to a report by the Financial Times. To […]
Factbox: Market implications from Tuesday’s U.S. midterm elections
(Reuters) Investors are turning their focus to Tuesday’s midterm elections, which will determine control of the U.S. Congress. If Republicans – who have been leading in polls and betting markets – win control of either the House of Representatives, the […]
SEC Charges Creator of Global Crypto Ponzi Scheme and Three US Promoters in Connection with $295 Million Fraud
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Douver Torres Braga, Joff Paradise, Keleionalani Akana Taylor, and Jonathan Tetreault for their roles in Trade Coin Club, a fraudulent crypto Ponzi scheme that raised more than 82,000 bitcoin, valued […]
Meta could begin large-scale layoffs this week, report says
(CNBC) Facebook parent Meta could begin large-scale layoffs as soon as Wednesday, according to a report from the Wall Street Journal. The layoffs are expected to impact thousands of employees, the report said, and the move would mark the first […]
Berkshire Hathaway’s earnings jump 20%, conglomerate buys back $1 billion in stock
(CNBC) Berkshire Hathaway on Saturday posted a solid gain in operating profits during the third quarter despite rising recession fears, while Warren Buffett kept buying back his stock at a modest pace. The Omaha-based conglomerate’s operating earnings — which encompass […]
Dow futures slide 200 points as investors await midterm elections and inflation report
(CNBC) U.S. stock futures fell on Sunday as investors looked ahead to a week packed with the Congressional midterm elections, as well as the latest consumer inflation report. Dow Jones Industrial Average futures fell by 187 points, or 0.6%. S&P […]
Eisler to close oldest hedge fund and focus on multi-strat
(Hedgeweek) Eisler Capital is to focus solely on its multi-strategy investment pool after announcing the decision to close its first hedge fund and scrap plans for a new fund launch, according to a report by Bloomberg. To read this article:
Hedge fund investors to up distressed credit allocations, says BNP Paribas survey
(Hedgeweek) The potential to buy company debt at reduced prices as central banks tighten monetary policy, will see hedge fund investors ramp up their allocations to distressed credit next year, according to a report by Reuters. To read this article:
Halal Capital Founder Charged with Multimillion Dollar Fraudulent Scheme That Targeted Muslim Community
(HedgeCo.Net) The Securities and Exchange Commission has charged Jebara Igbara, the founder of Halal Capital LLC, in connection with a more than $8 million scheme that targeted investors from the New York metropolitan area’s Muslim community. According to the SEC’s […]
Crypto continues to attract hedge funds and other institutional investors
(Hedgeweek) Professional investors are continuing to see opportunities in cryptocurrency investment with hedge funds, family offices, and legacy money managers all contributing to the $17 billion of institutional capital invested in the space this year alone. To read this article: