Category Archives: Syndicated
Morgan Stanley’s Mike Wilson predicts double-digit percentage drop will hit stocks in early 2023
(CNBC) Investors may be on the doorstep of a deep pullback. Morgan Stanley’s Mike Wilson, who has an S&P 500 year-end target of 3,900 for next year, warns corporate America is getting ready to unleash downward earnings revisions that will […]
CrowdStrike shares tumble on weaker-than-expected growth in new revenue
(CNBC) CrowdStrike shares plunged 18% in extended trading on Tuesday after the cybersecurity company reported third-quarter results that top estimates but said new revenue growth was weaker than expected. To read this article:
Point72 among hedge funds hit by Carvana crash
(Hedgeweek) A group of activist hedge funds have been hit hard by a spectacular plunge in the stock price of online used-car dealer Caravana Co, according to a report by Bloomberg, with the company’s shares having fallen by 97% in […]
Citadel ups stakes in two dividend-paying energy stocks by 195% and 289%
(Hedgeweek) Citadel, the hedge fund firm founded by billionaire investor Kenneth Griffin, significantly increased its stake in two dividend-paying energy stocks during the third quarter of the year, according to a report by Investing.com. To read this article:
Stock futures rise after major averages slide on Covid unrest in China
(CNBC) U.S. stock futures were higher on Tuesday morning after the major averages came under pressure from Covid protests in China, and as investors anticipated more economic data and commentary from Federal Reserve leaders this week. Dow Jones Industrial Average […]
Crypto firm BlockFi files for bankruptcy as FTX fallout spreads
(CNBC) Distressed crypto firm BlockFi has filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of New Jersey following the implosion of putative acquirer FTX. In the filing, the company indicated that it had […]
How FTX ‘death spiral’ spelled doom for BlockFi, according to bankruptcy filing
(CNBC) There was supposedly one man who could save crypto — Sam Bankman-Fried. The former FTX CEO bailed out and took over crypto firms as cryptocurrency markets withered with Terra’s spring crash. In October, FTX won the bidding war for […]
Hedge fund researchers making $100k more than bank counterparts
(Hedgeweek) Equity researchers employed by hedge funds firms are earning around $100k per year more than equivalent employees in the investment banking industry, according to a report by eFinancialCareers. To read this article:
Stock futures trade lower on China Covid concerns after a winning holiday week
(CNBC) Stock futures fell early Monday as social unrest from China’s prolonged Covid restrictions weighed on markets, sending oil prices lower after Wall Street notched gains during the Thanksgiving holiday-shortened week. Futures tied to the Dow Jones Industrial Average lost […]
Securities Commission of the Bahamas defends transfer of FTX assets
(Hedgeweek) The Securities Commission of the Bahamas has defended its decision transfer all digital assets of FTX into digital wallets under the exclusive control of the Commission for the benefit of clients and creditors of FDM. To read this article:
Ackman predicts Hong Kong dollar’s US dollar peg will break
(Hedgeweek) Bill Ackman, the boss of US hedge fund Pershing Square Capital Management, believes that it is ‘only a matter of time’ before the Hong kong dollar’s peg to the US dollar breaks, according to a report by Fortune. To […]
Sterling is ‘vulnerable’ to further falls, says Rokos
(Hedgeweek) Rokos Capital Management, the hedge fund firm founded by billionaire trader Chris Rokos, has warned that sterling is vulnerable to further falls in value, according to a report by the Financial Times. To read this article: