Monthly Archives: November 2021
Text-checking software maker Grammarly is worth $13 billion in latest funding round
(CNBC) Grammarly, a start-up whose software highlights issues as people write in its web app and other programs, said Wednesday that it sports a $13 billion valuation after taking on $200 million in new funding from Baillie Gifford, General Catalyst, […]
Sharp swings in EV shares draws frenzied options trading
(Reuters) Traders are piling into options trades on electric-vehicle makers, drawn by sharp swings in the shares of companies like Tesla Inc, Rivian Automotive and Lucid Group. To read this article:
SEC Charges Additional Investment Adviser in Cherry Picking Scheme
(HedgeCo.Net) The Securities and Exchange Commission filed charges against Lina Maria Garcia of Miami-based UCB Financial Advisers, Inc. for her role in a multi-year “cherry picking” scheme in which millions of dollars were allegedly channeled to the accounts of preferred […]
Wall Street workers set for highest bonuses since 2009
(Reuters) Year-end bonuses for Wall Street staffers are set to be the highest since 2009 this year, with investment bankers and equities traders in line for the biggest bonuses, compensation firm Johnson Associates Inc said on Tuesday. Overall, incentives at […]
EV start-up Lucid’s market value blows past Ford at more than $89 billion as shares skyrocket
(CNBC) Lucid Group’s market value blew past Ford Motor on Tuesday to $89.9 billion following a 24% runup in the EV start-up’s stock price after executives told investors that reservations for its first vehicles had jumped and that its production […]
Qualcomm hits record high after it tells investors it will grow without Apple
(CNBC)Qualcomm stock closed up 7.9% on Tuesday after it issued bullish forecasts at an investor’s conference in New York and said that its growth doesn’t rely on a relationship with any single customer, such as its modem chip sales to […]
Retail sales rise faster than expected in October even as inflation pushes prices higher
(CNBC) U.S. shoppers accelerated their level of spending in October even as the prices of goods jumped at their fastest pace since the 1990s, the Commerce Department reported Tuesday. To read this article:
Yellen says U.S. could hit debt limit on Dec. 15, giving Congress more time to strike deal
(CNBC) Treasury Secretary Janet Yellen on Tuesday told lawmakers that she now estimates that the U.S. will reach its debt limit on Dec. 15, almost two weeks later than her initial forecast of Dec. 3. Those additional 12 days would […]
U.S. to sell cryptocurrency worth $56 million after record seizure in BitConnect fraud case
(CNBC) The U.S. Justice Department will sell off $56 million worth of cryptocurrency it seized as part of a massive Ponzi scheme case against a man who promoted the offshore crypto lending program BitConnect, authorities said Tuesday. The Justice Department […]
SBAI publishes guide to operational due diligence of crypto assets
()palesque) The SBAI, a global alliance of alternative investment managers and allocators and custodian of the Alternative Investments Standards, has released a new Toolbox memo providing guidance on completing operational due diligence on crypto assets. The memo can be found […]
New York Fund Manager and His Company Charged with Securities Fraud
(HedgeCo.Net) The Securities and Exchange Commission charged Joshua Burrell and his firm, Activated Capital, LLC, with securities fraud in connection with Opportunity Zone investments. The SEC’s complaint alleges that from at least February 2019 through February 2021, Burrell, through Activated, […]
October retail sales are expected to be strong, showing economy is back on track
(CNBC) Economists predict a boom in October’s retail sales, aided by rising gasoline prices and early holiday shopping. Retail sales are expected to rise 1.5%, up from September’s 0.7% gain, according to economists polled by Dow Jones. Excluding autos, sales […]