Category Archives: Syndicated
Fed sees more rate hikes ahead, but at a slower pace, meeting minutes show
(CNBC) Almost all Federal Reserve officials at their June meeting indicated further tightening is likely, if at a slower pace than the rapid-fire rate increases that had characterized monetary policy since early 2022, according to minutes released Wednesday. Policymakers decided […]
10-year Treasury yield jumps as traders absorb Fed meeting minutes
(CNBC) The 10-year U.S. Treasury yield rose Wednesday as markets reopened after the Fourth of July holiday and investors absorbed the release of the Federal Reserve’s latest meeting minutes. The benchmark 10-year Treasury rose by more than 7 basis points […]
Stock futures are flat on Wednesday evening: Live updates
(CNBC) Stock futures were little changed in overnight trading following a losing session on Wall Street. Futures tied to the Dow Jones Industrial Average lost 27 points, or 0.08%. S&P 500 futures and Nasdaq-100futures hovered around the flat line. JetBlue […]
These are the 10 highest-paid CEOs in the U.S.—some pull in over $200 million a year
(CNBC) The highest-paid CEOs aren’t all at major tech companies. Chief executives at Pinterest, Peloton and Hertz are out-earning Apple’s Tim Cook, according to a new analysis published by the Wall Street Journal. To read this article:
Managers poised to unwind bullish dollar bets
(Hedgeweek) The prospect of the US Federal Reserve ending its programme of interest rate hikes aimed at tackling inflation, now has a number of hedge fund poised to exit their bullish bets on the dollar, according to a report by […]
Stock futures are little changed Tuesday night in a holiday-shortened week: Live updates
(CNBC) U.S. stock futures were little changed on Tuesday night as Wall Street looks to resume a holiday-shortened week. Dow Jones Industrial Average futures fell by 33 points, or 0.1%. S&P 500 and Nasdaq 100 futures dipped 0.07% and 0.14%, […]
Airlines struggled ahead of July Fourth weekend. Their stocks didn’t
(CNBC) Flight disruptions piled up at airports around the country ahead of the July Fourth weekend, but airline investors have largely shrugged them off. More than 63,000 flights operated by U.S. airlines, or 30% of their schedules, were delayed between […]
$19 billion in trade stranded on water as Canada’s West Coast labor negotiations hit pause
(CNBC) After a fourth day of negotiations, the British Columbia Maritime Employers Association told CNBC that negotiations with the International Longshore & Warehouse Union Canada’s Longshore Division are currently paused, pending further discussion with federal mediators. “The BCMEA remains ready to […]
Odey AM in talks with Green Ash over transfer of special situations fund
(Hedgeweek) Odey Asset Management is in talks with Green Ash Partners over the transfer of a special situations fund run by portfolio manager Adrian Courtenay, as the firm continues to reorganise after sexual assault allegations against founder Crispin Odey, according […]
The rise and fall of Skype
(CNBC) Skype is not what it was. You may or may not have noticed. The voice, video and messaging app became a hit in the 2000s by letting people talk with friends and family members without paying long-distance fees. In […]
SEC Charges Two Oregon Residents and Their Related Entities with $10 Million Ponzi-Like Scheme
(Hedgeweek) The Securities and Exchange Commission has charged Oregon residents Robert D. Christensen and Anthony M. Matic, as well as several companies they controlled, with conducting a multi-year Ponzi-like scheme and misleading investors who purchased more than $10 million in […]
Stock futures are little changed as Wall Street starts the second half of 2023: Live updates
(CNBC) U.S. stock futures were little changed Sunday night, as traders prepared for the second half of what’s already been a stellar year on Wall Street. Futures tied to the Dow Jones Industrial Average dipped 17 points. S&P 500 and […]