Monthly Archives: November 2022
Pershing Square cuts annual losses to 12% with 10% October gain
(Hedgeweek) Hedge fund Pershing Square Holdings cut its year-to-date losses to 12% in October putting on 10% over the month, according to a report by Bloomberg. The gain was ahead of the S&P 500 index, which was up 8%, but trailed […]
Stock futures little changed as Wall Street anticipates October jobs report
(CNBC) U.S. stock futures were flat Friday morning after the major averages dropped for a fourth day, and investors looked ahead to the October jobs report for clues into the pace of future rate hikes from the Federal Reserve. Dow […]
October job growth could be slowest in nearly 2 years, but unemployment remains extremely low
(CNBC) This year’s hot pace of job creation may have slowed slightly in October, but unemployment is expected to remain very low as companies continue to deal with worker shortages. Economists expect 205,000 jobs were added in October, and forecast […]
Elon Musk will begin laying off Twitter staffers, days after his $44 billion takeover
(CNBC) Twitter will be laying off staff members, it said in an email obtained by NBC News. In the email, sent Thursday evening, Twitter said it would notify staffers by email about their employment. “We recognize that this will impact […]
Coinbase reports better-than-expected user numbers even as third-quarter revenue plunges
(CNBC) Coinbase reported user numbers that topped analysts’ estimates even as third-quarter revenue missed estimates and the cryptocurrency exchange had a wider-than-expected loss. The stock popped in extended trading. To read this article:
Twitter reportedly ready to cut about 3,700 employees
(CNBC) Twitter employees are expecting a 50% overall reduction in force after Tesla and SpaceX CEO Elon Musk took the reins of the social network last week. That amounts to about 3,700 employees. The newly minted CEO of Twitter is […]
Stock futures are up after a volatile session following the Fed’s latest interest rate hike
(CNBC) Stock futures were slightly higher Wednesday evening following losses during the daily trading session after the Federal Reserve delivered another interest rate hike and signaled that no pivot or rate cut is coming anytime soon. Futures tied to the […]
Qualcomm shares fall on first-quarter guidance, hiring freeze announced
(CNBC) Qualcomm shares fell 7% in extended trading on Wednesday after the chipmaker reported in-line fiscal fourth-quarter earnings but offered poor first-quarter guidance. Qualcomm also said it implemented a hiring freeze at the start of the current quarter. To read […]
Fed rate hikes could go even further than expected as Powell commits to stomp out inflation
(CNBC) The Federal Reserve remains set on beating inflation and could raise rates to an even higher-than-expected level, though it may reduce the size of its future rate hikes. The Fed raised its target fed funds rate Wednesday by 75 […]
Hedge funds to maintain bearish stance on gold, say analysts
(Hedgeweek) Hedge funds will continue to sell gold rallies and maintain an overall bearish outlook on the precious metal until the US Federal Reserve provides more clarity on the pace of its tightening cycle, according to a report by KitCo. […]
Odey closes flagship hedge fund to new clients following bumper gilt market gains
(Hedgeweek) Crispin Odey has closed three funds, including his flagship European fund, to new investors having chalked up record gains so far this year, according to a report by Bloomberg. Odey wants to keep assets at a manageable level after the […]
SEC Obtains Settlement Against Investment Professionals Charged with Cherry Picking
(HedgeCo.Net) The Securities and Exchange Commission has obtained a final consent judgment against defendants Ramiro Jose Sugranes, Lina Maria Garcia, and two investment firms that the SEC had previously charged with an illegal cherry picking scheme, as well as a […]