Category Archives: Syndicated
Snap plunges more than 25% on third-quarter revenue miss
(CNBC) Snap shares plummeted more than 25% in extended trading on Thursday after the social media company reported weaker-than-expected revenue for the third quarter. It’s Wall Street’s first peak into the current state of the struggling online ad market. To […]
An often-overlooked economic measure is signaling serious trouble ahead
(CNBC) The economy sent a low-key signal Thursday that a recession is looming — and that the Federal Reserve could be making a policy mistake by continuing to try to slow things down. According to the Conference Board’s Leading Economic […]
Fed’s Harker sees ‘lack of progress’ on inflation, expects aggressive rate hikes ahead
(CNBC) Philadelphia Federal Reserve President Patrick Harker on Thursday said higher interest rates have done little to keep inflation in check, so more increases will be needed. “We are going to keep raising rates for a while,” the central bank […]
Reshaping the hedge fund career path
(Hedgeweek) How a constantly evolving mix of hybrid and remote working, longer notice periods, changing salary structures, incentives, and company culture is potentially retooling hedge fund talent development… To read this article:
IBM surpasses quarterly projections and lifts its full-year revenue forecast
(CNBC) IBM shares rose as much as 6% in extended trading on Wednesday after the technology conglomerate surpassed analysts’ estimates for the third quarter and lifted its growth projection for the full year. To read this article:
SPAC liquidations top $12 billion this year as sponsors grapple with tough market, new buyback tax
(CNBC) A new buyback tax has motivated more and more SPAC sponsors to close up shop before the year-end, adding another headwind to the blank-check space already roiled by a tough market environment. A total of 27 SPAC deals, worth […]
Hedge fund average weighted returns at -3.1% in September
(Hedgeweek) Hedge funds faced a tough September amid a market downturn that saw major indices fall steeply over the course of the month, according to the latest monthly hedge fund update from Citco. The overall weighted return for hedge funds administered […]
Financial advisors boost use of alternative investment and private funds
(Hedgeweek) Advisors are increasingly leaning on private funds and alternative investments amid volatile equity and bond markets, according to a bi-annual survey by Broadridge Financial Solutions. To read this article:
Activist Starboard calls for increase in Salesforce margins
(Hedgeweek) Activist hedge fund Starboard Value is calling on Salesforce to capitalise on its market-leading position and increase margins, having acquired a significant stake in the cloud software specialist, according to a report by the Financial Times. To read this […]
Nasdaq 100 futures fall after major averages end two-day rally
(CNBC) Nasdaq 100 futures fell on Wednesday night after surging Treasury yields ended a two-day rally for the major averages. Futures linked to the Dow Jones Industrial Average dipped by 12 points, or 0.04%. S&P 500 futures declined 0.26%, while […]
US regulators probe failed crypto hedge fund Three Arrows Capital
(Hedgeweek) The Commodity Futures Trading Commission and the Securities and Exchange Commission have launched an investigation into whether crypto hedge fund Three Arrows Capital, which filed for bankruptcy back in July, misled investors, according to a report by Bloomberg. To […]
Rarely-humbled Goldman Sachs concedes missteps in plan to take on megabanks in retail finance
(CNBC) Goldman Sachs CEO David Solomon is reining in his ambition to make the 153-year-old investment bank a major player in U.S. consumer banking. After product delays, executive turnover, branding confusion, regulatory missteps and deepening financial losses, Solomon on Tuesday […]