Category Archives: Syndicated
Evergrande shares plunge as much as 87% as trading resumes after 17 months
(CNBC) Shares of the world’s most indebted property developer China Evergrande Group plunged as much as 87% on its open on Monday, trading for the first time since March 21, 2022. Shares fell to as low as 22 Hong Kong […]
Fed Chair Powell calls inflation ‘too high’ and warns that ‘we are prepared to raise rates further’
(CNBC) While acknowledging that progress has been made and saying the Fed will be careful in where it goes from here, the central bank leader said inflation is still above where policymakers feel comfortable. He noted that the Fed will […]
Managed futures back in favour with investors
(Hedgeweek) Managed futures bagged another $2.08bn of net inflows in July to cement their position as the most popular hedge fund strategy so far this year, according to the Latest Nasdaq eVestment Hedge Fund Industry Asset Flows Report. To read […]
AIMA welcomes SEC’s Private Fund Adviser Rule revisions, despite ongoing concerns
(Hedgeweek) AIMA has broadly welcomed the revised Private Funds Adviser rules and amendments adopted by the US Securities and Exchange Commission (SEC) this week, but has expressed ongoing concerns about some of the changes in the final text. To read […]
31% of investors are OK with using artificial intelligence as their advisor
(CNBC) Nearly 1 in 3 investors would use artificial intelligence as their financial advisor, a new survey suggests — and that has the potential to lead to flawed advice, experts said. Specifically, 31% of investors queried would be comfortable […]
Powell’s pivotal speech Friday could see a marked shift from what he’s done in the past
(CNBC) In this year’s iteration, many expect the central bank leader to change his stance so that he hits the ball pretty much down the middle. With inflation decelerating and the economy still on solid ground, Powell may feel less […]
Stock futures are little changed as investors await Powell’s Jackson Hole speech: Live updates
(CNBC) U.S. stock futures were flat Thursday night as Wall Street looked toward Federal Reserve Chairman Jerome Powell’s Jackson Hole speech on Friday morning. Futures tied to the Dow Jones Industrial Average ticked up 34 points, or 0.1%. S&P 500 […]
Nvidia earnings scare away AMD, Intel investors as legacy chipmakers lose ground in AI
(CNBC) Developers in the world of artificial intelligence can’t get enough of Nvidia’s processors. Demand is so strong that the company said late Wednesday that revenue in the current quarter will jump 170% to roughly $16 billion. Nvidia shares rose […]
Hedge funds meeting or exceeding investor expectations, says Preqin
(Hedgeweek) Some 60% of investors feel that hedge fund investments either met or exceeded their expectations in the past 12 months, up from 53% in 2022, according to new research carried out by Preqin for its Investor Outlook: Alternative Assets, […]
Former Odey AM boss severs family business ties
(Hedgeweek) Odey AM founder Crispin Odey has severed ties with several companies connected to his family’s investments after he was ousted from the hedge fund firm following multiple allegations of sexual harassment and assault, according to a report by Bloomberg. […]
Stock futures climb as Nvidia beats Wall Street earnings estimates: Live updates
(CNBC) Stock futures ticked higher on Wednesday, with investors focusing on key second-quarter results from chipmaker Nvidia to gauge whether the AI excitement is more than just hype. S&P 500 futures climbed 0.5% while Nasdaq 100 futures gained 0.7%. Futures […]
Nvidia’s blowout earnings report shows chipmaker is gobbling up all the profit in AI
(CNBC) Nvidia’s overall sales grew 171% on an annual basis to $13.51 billion in its second fiscal quarter, which ended July 30, the company announced Wednesday. Not only is it selling a bunch of AI chips, but they’re more profitable, […]