Category Archives: Syndicated

China Evergrande shares briefly plunge more than 10%, after $2.6 billion asset sale falls through

(CNBC) China Evergrande shares briefly dropped more than 10% in opening trade on Thursday, after a deal to sell some of its assets to Hopson Development Holdings fell through. Hopson shares traded more than 5% higher, while Evergrande Property Services […]

Bitcoin jumps to new high above $66,000 after landmark U.S. ETF launch

(CNBC) Bitcoin notched a fresh all-time high Wednesday as investors cheered the successful launch of the first U.S. bitcoin futures exchange-traded fund. The world’s largest cryptocurrency climbed 3.9% to $66,398.25 by 4 p.m. ET, according to Coin Metrics. The coin […]

Tesla posts record revenue and profits in third quarter

(CNBC) Tesla reported third-quarter earnings after the bell Wednesday, and it’s a beat on both the top and bottom lines. The company’s stock dropped by 1.5% after hours. Here are the results. To read this article:

Fixed-income titan Pimco is starting to embrace cryptocurrencies, CIO says

(CNBC) Fixed-income giant Pimco has dabbled in cryptocurrencies and plans to gradually invest more in digital assets that have the potential to disrupt the financial industry, according to chief investment officer Daniel Ivascyn. “Now we’re looking at potentially trading certain […]

Hedge fund TCI up 17% over first nine months Of 2021, helped by CN Rail stake

(Reuters) Chris Hohn’s hedge fund firm TCI Fund Management rose over 17% in the first nine months of year, a source close to the firm told Reuters on Wednesday, as the activist investor benefited from its stake in Canadian National […]

Top 500 global money managers see assets grew 14.5% to hit record $119.5tn

(Opalesque) The 500 largest global money managers in 2020 grew their combined assets under management 14.5% to $119.5 trillion, while boosting revenue, said the study. According to new research from Willis Towers Watson’s Thinking Ahead Institute, the growing concentration among […]

First bitcoin futures ETF rises more than 4% in trading debut on the NYSE

(CNBC) Shares of the first U.S. bitcoin-linked exchange-traded fund rose in their trading debut Tuesday. The ProShares Bitcoin Strategy ETF, ticker “BITO,” jumped 4.8% to close at $41.94. The fund tracks CME bitcoin futures, or contracts speculating on the future […]

Federal Reserve Chair Powell’s five measuring sticks on inflation aren’t holding up very well

(CNBC) Federal Reserve Chairman Jerome Powell, during his August speech at the annual Jackson Hole symposium, laid out five reasons supporting his view that the current run of high inflation will go away. So far, they aren’t holding up very […]

Netflix posts solid beats on earnings and new subscribers

(CNBC) Netflix shares dipped about 1% after-the-bell Tuesday after the company posted third quarter results, showing investors the streamer can continue to attract new subscribers. To read this article:

Macro hedge fund Massar Capital launches new global discretionary strategy

(Hedgeweek) Massar Capital Management has launched a new discretionary macro hedge fund strategy which aims to capitalise on directional trading opportunities across a broad set of global markets. To read this article:

United Airlines posts higher-than-expected revenue after travel demand rebounds

(CNBC) United Airlines on Tuesday reported higher-than-expected revenue as travelers returned in the summer, despite a hit from the delta variant. The airline didn’t give a timeline for when it would return to profitability. United posted net income of $473 […]

Bitcoin is overbought and due for a pullback, says hedge fund chief

(Market Insider) Bitcoin looks “overbought” right now as excitement over an ETF launch keeps pushing the price higher – and that means it might be shaping up for a pullback, according to hedge fund chief Mark Yusko. To read this […]