Category Archives: Syndicated
Stock futures rise slightly ahead of a fresh batch of economic data
(CNBC) U.S. equity futures were slightly higher Wednesday evening as investors looked ahead to several economic reports scheduled to come out in the morning. Futures tied to the Dow Jones Industrial Average inched higher by 17 points, or 0.05%. S&P […]
Third Point boss Loeb cools on ESPN spin-off plan
(CNBC) Third Point founder Daniel Loeb has cooled on his plan to see Disney’s sports broadcaster ESPN spun off into its own standalone business, according to reports. To read this article:
Digital assets investments products see fifth week of outflows
(Hedgeweek) Digital asset investment products saw outflows totalling $63 million last week, the fifth consecutive week of outflows, according to the lates CoinShares Digital Asset Fund Flows Weekly report. To read this article:
Court rules against hedge funds over ‘unintentional’ $500m Citigroup payment
(Hedgeweek) A federal appeals court in the US has ruled that hedge funds should not be able to keep the roughly $500 million they were mistakenly paid by Citigroup on a loan owed by now-bankrupt cosmetics company Revlon, according to […]
Stock futures inch higher after major averages suffer worst day since June 2020
(CNBC) Stock futures inched slightly higher on Wednesday morning after another hot inflation reading sent the major averages tumbling to their worst day since June 2020 and dampened investors’ expectations of a less hawkish Federal Reserve. Futures tied to the […]
Tech stocks crushed in market selloff
(CNBC) The six largest U.S. tech companies lost more than $500 billion in value Tuesday after an unexpectedly high August inflation report sent tech stocks tumbling. The consumer price index was up 0.1% for the month and was up 8.3% […]
Inflation isn’t just about fuel costs anymore, as price increases broaden across the economy
(CNBC) For the better part of a year, the inflation narrative among many economists and policymakers was that it was essentially a food and fuel problem. Once supply chains eased and gas prices abated, the thinking went, that would help […]
No end in sight for Wall Street deals slump as JPMorgan says advisory revenue plunges 50%
(CNBC) The deal-making slowdown that has weighed on Wall Street this year shows no signs of letting up. Investment banking revenue at JPMorgan Chase is headed for a 45% to 50% decline in the third quarter from a year earlier, […]
Goldman Sachs to kick off Wall Street layoff season with hundreds of job cuts this month
(CNBC) Goldman Sachs is planning on cutting several hundred jobs this month, making it the first major Wall Street firm to take steps to rein in expenses amid a collapse in deals volume. The bank is reinstating a tradition of […]
SkyBridge Capital to sell 30 per cent stake to FTX Ventures
(CNBC) SkyBridge Capital, has secured an investment worth 30 per cent of the business from FTV Ventures, a $2 billion venture capital firm based in Nassau, Bahamas, according to a report by Finance Magnates. To read this article:
Tuesday’s inflation report could show prices moderating as gasoline and travel costs fall
(CNBC) Inflation is still sizzling hot but is expected to have moderated in August, as gasoline prices dropped, supply chains improved and the cost of travel fell. The consumer price index will be released Tuesday at 8:30 a.m. ET, and […]
Stock futures are flat as Wall Street awaits key inflation report
(CNBC) Stock futures were little changed Tuesday morning as investors waited for Tuesday’s consumer price index report, an important inflation data point ahead of the Federal Reserve’s September meeting. Dow Jones Industrial Average futures were flat. S&P 500 and Nasdaq […]