Category Archives: Syndicated
GameStop reports wider loss, announces partnership with crypto exchange FTX
(CNBC) GameStop said Wednesday that quarterly sales declined and losses widened, as it burned through cash and inventory swelled. The video game retailer also disclosed a new partnership with crypto exchange FTX. To read this article:
Stock futures are flat after another day of losses amid a surge in Treasury yields
(CNBC) Stock futures were little changed Tuesday evening after the major averages added to weeks of losses amid a jump in bond yields. Futures tied to the Dow Jones Industrial Average were lower by points. S&P 500 futures edged […]
U.S. Treasury yields rise sharply following strong economic data
(CNBC) U.S. Treasury yields surged higher on Tuesday as investors responded to strong U.S. economic data by betting on further rate hikes from the Federal Reserve. The yield on the benchmark 10-year Treasury note hit a daily high of 3.353%, […]
Tech stocks lured hedge funds in August
(Reuters) Hedge funds got back in to stocks in the technology, media and telecom (TMT) sector in August, in the most active buying since February 2021, according to a Goldman Sachs prime services report. Long buys in the so-called TMT […]
Hedge fund boss Tropin predicts tough times ahead for stock-pickers
(Hedgeweek) Hedge fund Graham Capital Management founder Kenneth Tropin is predicting tough times ahead for those looking to make money by tracking big stock indexes, according to a report by Reuters. To read this article:
SoftBank to cut at least 20% of Vision Fund staff
(Reuters) SoftBank Group Corp (9984.T) plans to cut at least 20% of staff at its Vision Fund investment arm, Bloomberg reported on Friday, after Chief Executive Masayoshi Son pledged to cut costs after a record $50 billion loss at the […]
Stock futures rise after major averages post third straight week of losses
(CNBC) Stock futures rose in overnight trading Monday after the major averages capped their third straight week of losses. Futures tied to the Dow Jones Industrial Average gained 158 points, or 0.5%. Nasdaq 100 futures rose 0.53% and S&P 500 […]
Hedge funds pile in on Berkshire Hathaway
(Hedgeweek) Hedge funds including Renaissance Technologies, DE Shaw, and Bridgewater bought stock in Berkshire Hathaway worth more than $900 million in the second quarter of the year, according to a report by The Financial Times. To read this article:
Hedge funds up bearish bets on US Treasuries
(Hedgeweek) Hedge funds are continuing to up their bearish bets on higher US bond yields and signs are emerging that the size and pace of this collective wager is reaching extreme levels according to a report by Reuters. To read […]
A decade-long quest to build a better fee structure
(Opalesque) Thom Young has spent the better part of the past 13 years trying to better align the financial interests of investment managers and asset owners. The former hedge fund manager and consultant is now president at FARCapital, which helps […]
Critical August jobs report expected to run hot and that could lead to a more aggressive Fed
(CNBC) Job growth in August likely slowed from July’s frenzied pace, but it is still expected to have been quite strong, with broad-based hiring across many sectors. Monthly jobs data is always important, but the August report, released at 8:30 […]
Matt Damon-endorsed crypto platform sues Australian woman after accidentally sending her $7.1 million instead of $68
(CNBC) It took seven months for the Matt Damon-endorsed Crypto.com to realize that it accidentally sent AU$10.5 million dollars (about $7.1 million at today’s exchange rate) to a woman in Australia, instead of the 100 Australian dollar refund she requested. […]