Category Archives: Syndicated
Ford reveals third-quarter net loss, weighed down by supply chain problems and Argo AI investment
(CNBC) Ford Motor recorded a net loss of $827 million during the third quarter, weighed down by supply chain problems and an investment in autonomous vehicle unit Argo AI. Still, the automaker narrowly beat Wall Street’s subdued expectations for the […]
Powell again is facing political pressure as worries mount over the economy
(CNBC) Political questioning of Federal Reserve Chair Jerome Powell about the central bank’s policy moves is intensifying, this time from the other side of the aisle. No stranger to political pressure, the Fed chief this week found himself the focus […]
Meta plans to lose even more money building the metaverse while its ads business shrinks
(CNBC) Meta CEO Mark Zuckerberg reiterated his commitment to spending billions of dollars developing the metaverse amid investor concern about the health of his company’s online advertising business. On a call with analysts as part of Meta’s third-quarter earnings report, […]
Hedge funds bullish on long/short and global strategies despite recent woes
(Hedgeweek) More than 40% of hedge fund managers expect LPs to increase investment allocations to long/short and global strategies in the next 12 months, research from EisnerAmper suggests. To read this article:
Bridgewater taps Goldman Sachs’ Podoshev as engineering director
(Hedgeweek) Bridgewater Associates has appointed former Goldman Sachs managing director and global head of loans engineering Yuriy Podoshev as its new engineering director, according to a report by Financial News London. To read this article:
Stock futures fall after Alphabet reports earnings miss
(CNBC) U.S. stock futures fell on Tuesday night after disappointing third-quarter results from Alphabet marked a foreboding start to Big Tech earnings this week. Dow Jones Industrial Average futures fell by 75 points, or 0.24%. S&P 500 and Nasdaq 100 […]
Alphabet misses on earnings as YouTube shrinks; company will cut headcount growth by half in Q4
(CNBC) Alphabet shares dropped about 7% in extended trading on Tuesday after the company reported weaker-than-expected earnings and revenue for the third quarter and said it would significantly decrease headcount growth. Revenue growth slowed to 6% from 41% a year […]
Microsoft drops 6% after revealing weak guidance on its earnings call
(CNBC) Microsoft shares fell about 7% in extended trading on Tuesday after the company reported softer cloud revenue than expected in its fiscal first quarter and gave weak quarterly guidance. With respect to guidance, Microsoft sees $52.35 billion to $53.35 […]
SS&C GlobeOp Forward Redemption Indicator down to 2.35% in October
(Hedgeweek) The SS&C GlobeOp Forward Redemption Indicator for October 2022 measured 2.35%, down from September’s figure of 2.67%. To read this article:
Crypto hedge fund Strix Leviathan hires former BlackRock multi-strat CIO as head of strategy
(Hedgeweek) Strix Leviathan, a quantitative investment firm providing investors with actively managed exposure to the digital asset ecosystem, has appointed Matthew McBrady, PhD, as head of strategy. McBrady will advise on the firm’s trading and investment strategies and oversee future […]
Investors pull $26bn from hedge funds in Q3
(Hedgeweek) As a result of the volatility and positioning for generational inflation and increased likelihood of an economic recession, institutional investors withdrew an estimated $26.0 billion from hedge funds in Q3 2022, according to the latest HFR Global Hedge Fund […]
Digital asset investment products see outflows of $5m
(Hedgeweek) Digital asset investment products saw outflows totalling $5 million last week in a continuation of the current period of investor apathy that dates back to September, according to the latest Digital Asset Fund Flows Weekly report from CoinShares. To read […]