Category Archives: Syndicated
FourSixThree and Diameter bet on Credit Suisse CDS payout
Hedgeweek) Hedge funds including FourSixThree Capital and Diameter Capital have been buying swaps insuring Credit Suisse’s subordinated bonds believing that the controversial decision to write down the bank’s AT1 securities as part of its takeover by rival UBS could trigger […]
Jamie Dimon warns panic will overtake markets as U.S. approaches debt default
(CNBC) JPMorgan Chase CEO Jamie Dimon says that markets will be gripped by panic as the U.S. approaches a possible default on its sovereign debt. An actual default would be “potentially catastrophic” for the country, Dimon told Bloomberg in a […]
US default risk worse than 2011, says veteran hedge fund manager
(Hedgeweek) Veteran hedge fund manager Sushil Wadhwani has warned that a deeply divided US Congress may push the country to the brink of a default and credit downgrade before it resolves its current standoff over the debt ceiling, according to […]
Stock futures are little changed on Thursday night: Live updates
(CNBC) U.S. stock futures were little changed on Thursday night. Dow Jones Industrial Average futures rose 26 points, or 0.08%. S&P 500 and Nasdaq 100 futures climbed 0.12% and 0.12%, respectively. Elon Musk said Thursday that he’s stepping down as […]
Alphabet trading at highest since August as Wall Street cheers Google’s A.I. plans
(CNBC) Shares of Alphabet are trading at their highest level since August on the heels of Google’s artificial intelligence announcements at its developer conference Wednesday. The stock was rose 4.3% Thursday, closing at $116.57. To read this article:
PacWest shares tumble 20% after regional bank says deposits fell 9.5% last week
(CNBC) Shares of PacWest were under pressure once again Thursday after the struggling regional bank said that deposit outflows resumed in the first week of May. The stock dropped 22.7%, further extending its recent declines. PacWest’s shares have now fallen […]
Man Group names next CEO as Ellis announces retirement
(Hedgeweek) Man Group CEO Luke Ellis has announced his intention to retire with Robyn Grew, currently president of the group and a member of the company’s Senior Executive Committee, set to succeed him. Based in the US, Grew has spent the […]
Dow futures slip after Disney shares stumble on weak subscriber growth: Live updates
(CNBC) U.S. stock futures remained relatively flat on Wednesday night after Disney posted its latest quarterly results and investors look toward Thursday’s Producer Price Index report. Dow Jones Industrial Average futures fell by 6 points, or 0.02%. S&P 500 futures […]
Disney’s streaming losses improve even as subscriber numbers decline
(CNBC) Disney on Wednesday reported that its streaming losses narrowed as price increases helped offset the loss of 4 million subscribers at Disney+. The company, which posted revenue and profit in line with Wall Street’s projections, also reported significant growth […]
Carl Icahn’s company stock falls 15% after prosecutors seek financial information
(CNBC) Icahn Enterprises, Carl Icahn’s conglomerate, saw its stock drop again Wednesday after a disclosure showed federal investigators are seeking information regarding its corporate governance. The shares fell 15.1% Wednesday, following a near 25% loss last week. A regulatory filing […]
Global hedge fund launches slump to lowest level since 2017, says Preqin
(Hedgeweek) On-going bouts of market volatility coupled with the current turmoil in the banking sector have seen global hedge fund launches slump to the lowest level seen since 2017, according to a report by Reuters, citing information from data services […]
Short-bitcoin sees record weekly outflows of $23m
(Hedgeweek) Digital asset investment products saw outflows totalling $54 million last week, representing the third consecutive week of negative sentiment for the asset class, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares. To read this article: