Category Archives: Syndicated
Stock futures rise slightly ahead of key inflation data, Fed minutes
(CNBC) Stock futures ticked higher Tuesday night as investors awaited the latest inflation numbers and the minutes from the Federal Reserve’s latest meeting. Futures tied to the Dow Jones Industrial Average added 44 points, or 0.1%. S&P 500 futures and […]
Biden says he doesn’t think there will be a recession, if so it will be ‘very slight’
(CNBC) President Joe Biden said he doesn’t believe there will be a recession in the near future and if there is, he expects it to be a “slight” economic dip. “Every six months they say this. Every six months, they […]
New stock hedge fund secures billion-dollar Millennium backing
(Hedgeweek) A new hedge fund to be launched next year by DE Shaw and Point72 Asset Management alumni has secured multi-billion dollar backing from Millennium Management, according to a report by Bloomberg. To read this article:
Uber, Doordash plunge after Labor Department proposes change to gig worker classification
(CNBC) The Biden Labor Department released a proposal Tuesday that could pave the way for regulators and courts to reclassify gig workers as employees rather than independent contractors. The proposed rule, if adopted, could raise costs for companies like Lyft, […]
Waha MENA Equity Fund takes 15th spot in list of world’s top 50 hedge funds
(Hedgeweek) The Waha MENA Equity Fund, the flagship fund of Abu Dhabi-based investment management company Waha Capital PJSC has been ranked in 15th spot in the latest survey of the world’s top hedge funds by veteran New York-based financial analyst, […]
Macro funds outperform long-short peers in navigating stormy Chinese markets
(Hedgeweek) Betting on big-picture macroeconomic changes has helped some hedge funds navigate – and outperform – China’s rocky stock markets so far this year, according to a report by Reuters. To read this article:
Millennium returns additional $15bn to investors
(Hedgeweek) Millennium Management, the $58 billion hedge fund firm founded by Izzy Englander, has completed its plan to lock up client capital for longer by returning ing an additional $15 billion to investors, according to a report by Bloomberg. To […]
Bitcoin falls to start the week as investors look ahead to inflation data
(CNBC) Bitcoin on Monday fell to its lowest level in over a week as investors continued to digest strong jobs data from Friday that pushed risk assets including cryptocurrencies even deeper into the red. The largest cryptocurrency by market cap […]
This is serious’: JPMorgan’s Jamie Dimon warns U.S. likely to tip into recession in 6 to 9 months
(CNBC) JPMorgan Chase,CEO Jamie Dimon on Monday warned that a “very, very serious” mix of headwinds was likely to tip both the U.S. and global economy into recession by the middle of next year. Dimon, chief executive of the largest bank […]
GM and Ford shares fall after UBS downgrades on expectations for weakening demand
(CNBC) Shares of General Motors and Ford Motor each tumbled Monday after a pair of UBS downgrades citing expectations for weakening demand amid inflationary pressures. Ford’s stock was down by more than 8% during intraday trading before closing at $11.37 […]
Five9 shares plunge more than 20% after CEO announces resignation
ICNBC) Shares of cloud software vendor Five9 closed down 25% Monday and fell to their lowest since March 2020 after CEO Rowan Trollope announced his resignation. Trollope is leaving to become CEO of a venture-backed pre-IPO startup, he said on […]
HP, Lenovo and Dell see PC shipments continue to decline in Q3, while Apple bucks the trend
CNBC) The personal computing market saw shipments continue to cool in the third quarter as demand waned and supply chain issues persisted, according to the data from the International Data Corporation released Monday. Compared with this time last year, shipments […]