Monthly Archives: November 2021
Fed should hike interest rates immediately to cut stagflation risks, economist Stephen Roach suggests
(CNBC) Former Federal Reserve economist Stephen Roach sees only one way to contain inflation: immediate rate hikes. If the Fed doesn’t act, he warns rising prices could send shockwaves through the economy. “They’re in denial. To read this article:
Hedge fund short sellers ramp up bets against Hargreaves Lansdown
(Hedgeweek) Hedge funds are ramping up their negative positions against Hargreaves Lansdown, with the UK retail-focused investment and advisory firm now the most shorted stock among FTSE 100 names, new market data from Ortex Analytics shows. To read this article:
JPMorgan sues Tesla for $162 million in warrants dispute around Elon Musk take-private tweets
(CNBC) JP Morgan Chase filed suit against electric vehicle maker Tesla in a dispute over warrants, according to court filings out Monday. The bank is seeking $162.2 million plus interest, attorneys’ fees and expenses. JP Morgan alleges that Tesla has […]
Court Orders Asset Freeze Against Recidivist and Barred Investment Adviser and His Firm
(HedgeCo.Net) The Securities and Exchange Commission has obtained an asset freeze and other preliminary injunctive relief against Swapnil J. Rege and his company SwapStar Capital, LLC. The preliminary injunction and order freezing assets restrains defendants Rege and SwapStar from violating […]
Global mergers and acquisitions deal value nears $1tn in Q3 2021
(Opalesque) Largely supported by the tech, media, and telecom (TMT) sector, global mergers and acquisitions (M&A) deal value came close to $1 trillion in Q3 2021, said a study. According to the GlobalData report, TMT represented over a third of […]
Stock futures are flat after S&P 500 breaks a 5-week winning streak
(CNBC) U.S. stock futures were steady in overnight trading on Sunday as investors prepared to start the week after the S&P 500 broke a five-week winning streak. Dow futures rose about 40 points. S&P 500 futures gained 0.14% and Nasdaq […]
Inflation remains the hot topic in week ahead as Walmart and other key retailers report
(CNBC) Consumers are in the spotlight in the week ahead, with the imminent release of retail sales for October and earnings from major chain stores. Retail sales is the big economic report for the week, when the Census Bureau releases […]
Bitcoin’s biggest upgrade in four years just happened – here’s what changes
(CNBC) The first bitcoin upgrade in four years has just gone live. It is a rare moment of consensus among stakeholders, and it’s a big deal for the world’s most popular cryptocurrency. The Taproot update means greater transaction privacy and […]
Top tech investor won’t put new money to work in Apple or other FAANG, blames chip shortage
(CNBC) Investor Paul Meeks warns Wall Street is underestimating the semiconductor shortage. He believes it’ll take years instead of months to get resolved. “This might be a problem that persists deep into 2023,” the Independent Solutions Wealth Management portfolio manager […]
BlackRock Says Insurers plan to ramp up private market investments,
(Reuters) Charles Hatami, global head of the financial institutions group at the world’s largest asset manager, described the trends in an interview with Reuters on Friday, based on a survey of 362 insurance executives running a collective $27 trillion in […]
SEC Charges Partner at Global Consulting Firm With Insider Trading
(HedgeCo.Net) The Securities and Exchange Commission has charged Puneet Dikshit, a partner at a global management consulting firm, with illegally trading in advance of a corporate acquisition by one of the firm’s clients in September. The SEC’s complaint, filed in […]
Swoon begone! Hedge funds return to winning ways with 1.68% gain in October
(Opalesque) The hedge fund industry shook off September’s swoon in October, posting a 1.68% return for the month, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions. By comparison, the S&P 500 Total Return […]