Category Archives: Syndicated
Dow futures fall 170 points to start week with key inflation data, earnings ahead
(CNBC) Stock futures are lower Sunday night as the markets come out of a tumultuous week and traders look ahead to key reports coming in the next week that can offer insights into the health of the economy. Futures connected […]
AMD shares fall more than 13% on weak outlook, dragging other chipmakers down
(CNBC) AMD shares were down 13.9% on Friday as investors digest the company’s disappointing preliminary third-quarter results Thursday that were well below its initial guidance. The chipmaker cut its sales forecast on Thursday for the third quarter, blaming a larger-than-expected decline in […]
Tesla stock had its worst week since March 2020 during a ‘very intense 7 days’ for Elon Musk
(CNBC) Tesla shares dropped nearly 16% during what CEO Elon Musk called a “very intense 7 days indeed” to one of his 108 million followers on Twitter. Tesla shares closed at $265.25 on Friday, Sept. 30. At market’s close one […]
Allianz Chief Economic Adviser El-Erian believes core inflation ‘is still going up
(CNBC) Ahead of the release of the latest consumer price index reading this week, Allianz Chief Economic Adviser Mohamed El-Erian told CBS’ “Face The Nation” Sunday that he predicts headline inflation “will probably come down to about 8%,” but that […]
Unemployment rate falls to 3.5% in September, payrolls rise by 263,000 as job market stays strong
(CNBC) Job growth fell just short of expectations in September and the unemployment rate declined despite efforts by the Federal Reserve to slow the economy, the Labor Department reported Friday. Nonfarm payrolls increased 263,000 for the month, compared with the […]
Here’s what Musk’s potential takeover of Twitter could mean for Trump
(CNBC) Elon Musk’s renewed efforts to buy Twitter could pave the way for President Donald Trump’s return to the platform that permanently banned him a year earlier. If Musk follows through on the deal — and if he stands by […]
Ray Dalio passes control of Bridgewater Associates to the firm’s board
(Hedgeweek) Ray Dalio, the billionaire investor who built Bridgewater Associates into one of the world’s biggest hedge funds, is stepping down as co-chief investment officer of the $150 billion firm, according to a report by Bloomberg. Dalio has handed over control […]
Market turmoil propels Citadel’s flagship hedge fund to 29% YTD gain
(Hedgeweek) Ongoing market turmoil helped Citadel’s flagship hedge fund chalk up a 2.5% gain in September, taking year-to performance to 29%, according to a report by Bloomberg, with the firm’s three other hedge funds all generating double-digit returns too. To […]
Pentwater Capital to make $255m on Musk’s Twitter deal
(Hedgeweek) Elon Musk’s decision to get his takeover of Twitter back on track could deliver a $255 million profit for Florida’s-based hedge fund Pentwater Capital, according to a report by CNBC. Having a acquired a 2.4% stake in Twitter during […]
Musk must complete Twitter deal by Oct. 28 to avoid trial, judge rules
(CNBC) A Delaware Chancery Court judge ruled Thursday that Elon Musk has until Oct. 28 to close his acquisition of Twitter if he wants to avoid a trial, granting Musk a slight delay. Earlier in the day, the Telsa CEO […]
AIMA hedge fund confidence index hits highest average since 2020 launch
(Hedgeweek) The AIMA Hedge Fund Confidence Index (HFCI) measured +25.4 for Q3 2022 – up from +17.8 in Q2 – the highest average confidence score recorded since the HFCI debuted in 2020. The index, which is based on a sample of […]
Stock futures litte changed ahead of September’s jobs report
(CNBC) Stock futures were flat on Friday morning as investors looked ahead to September’s jobs report for further clues into the Federal Reserve’s tightening campaign. Futures tied to the Dow Jones Industrial Average shed 12 points, or 0.04%, while S&P […]