Category Archives: Syndicated
Philadelphia Fed President Harker advocates holding interest rates ‘where they are’
(CNBC) Philadelphia Federal Reserve President Patrick Harker said Friday he thinks the central bank can stop raising interest rates. “Absent a stark turn in what I see in the data and hear from contacts … I believe that we are […]
Investors sit out ether futures ETFs as spot bitcoin fund hangs in limbo
(CNBC) Investor appetite for ether futures exchange-traded funds has remained muted, despite a surge in new listings. Six new ether futures funds from Bitwise Asset Management, ProShares and VanEck launched on Oct. 2. As of Thursday’s close, all six funds […]
Microsoft-Activision Blizzard takeover gets approval from UK regulators, clearing way for deal to close
(CNBC) Britain’s top competition watchdog on Friday gave the green light to Microsoft’s proposed $69 billion takeover of gaming firm Activision Blizzard, removing the last major hurdle for the deal to close. It marks a major U-turn from the CMA, […]
Stock futures are little changed ahead of Friday’s big bank earnings:
(CNBC) Stock futures were little changed on Thursday evening as traders braced for major bank earnings. S&P 500 futures and Dow Jones Industrial Average futures oscillated near the flat line. Nasdaq 100 futures inched higher by 0.07%. To read this […]
Tesla whistleblowers filed an SEC complaint in 2021, but the agency never interviewed them.
(CNBC) A Tesla employee and a tech industry researcher in 2021 jointly filed a whistleblower complaint to the U.S. Securities and Exchange Commission, expressing concerns that Elon Musk’s car company may have violated the law repeatedly, affecting shareholders, employees and […]
Bank earnings kick off with JPMorgan, Wells Fargo amid concerns about rising rates, bad loans
(CNBC) American banks are closing out another quarter in which interest rates surged, reviving concerns about shrinking margins and rising loan losses — though some analysts see a silver lining to the industry’s woes. Just as they did during the […]
Leon Cooperman expects very little from the market and is only interested in individual stocks
(CNBC) Billionaire investor Leon Cooperman said he remains a bear with little interest in the broader stock market, partly because it’s underestimating the risk of a fiscal crisis. “I’m of the view that we borrow from the future with very profligate fiscal […]
Investors expecting hedge funds to up returns as interest rates stay higher for longer
(Hedgeweek) As investors adjust to the prospect of a period of higher-for-longer interest rates, they are expecting hedge funds to generate higher returns, according to a report by Reuters citing a new survey by BNP Paribas. To read this article:
Goldman Sachs warns of hit to third-quarter earnings on deal to offload GreenSky
(CNBC) Goldman Sachs said Wednesday that it agreed to sell its fintech lending platform GreenSky to a group of investors led by private equity firm Sixth Street. The deal, which includes a book of loans created by Goldman, will result […]
IRS says Microsoft owes an additional $29 billion in back taxes
(CNBC) Microsoft received Notices of Proposed Adjustment from the Internal Revenue Service for an additional tax payment of $28.9 billion, the company said in an 8-K filing Wednesday. Microsoft said the dispute concerns the company’s allocated profits between countries and […]
Fed officials see ‘restrictive’ policy staying in place until inflation eases, minutes show
(CNBC) Federal Reserve officials at their September meeting differed on whether any additional interest rate increases would be needed, though the balance indicated that one more hike would be likely, minutes released Wednesday showed. While there were conflicting opinions on […]
Odey Wealth Management to close, return assets to clients
(Hedgeweek) Odey Wealth Management, a UK and Guernsey based former subsidiary of Odey Asset Management, is to close and return assets to clients in the wake of the multiple allegations of sexual assault and harassment made against the firm’s founder […]