Category Archives: Syndicated
Citadel Securities loses SEC D-Limit order case
(Hedgeweek) A trio of federal judges in Washington have ruled against Citadel Securities in a case against the US Securities and Exchange Commission over its approval of the IEX’s D-Limit order type, according to a report by Bloomberg. To read […]
Stock futures slip after first trading day in August
(CNBC) Stock futures were lower early Tuesday morning after a new month of trading kicked off for the markets. Shares of Pinterest soared more than 21% in extended trading despite disappointing results after Elliott Management revealed it’s the largest investor […]
Ford stock notches its best month since the Great Recession — and keeps rising
(CNBC) Ford Motor’s stock on Monday added to its best month since the Great Recession in 2009, signaling a significant swing for the Detroit automaker this year. Shares closed Monday at $15.34, up 4.4%. The gains added to the stock […]
Pinterest climbs on user numbers and Elliott investment even as financials disappoint
(CNBC) Pinterest shares jumped on better-than-expected user numbers even as earnings and revenue missed estimates and the company gave weak guidance for the third quarter. Activist investor Elliott Management confirmed separately that it’s Pinterest’s top investor and said it has “conviction in the […]
Liquidators may force Three Arrows founders to cooperate
(Hedgeweek) Kyle Davies and Su Zhu, founders of Three Arrows Capital, may be forced to cooperate with the liquidators of the failed crypto hedge fund, according to a report by Bloomberg. To read this article:
Private equity and hedge funds raise concerns over proposed US carried-interest tax increase
(Hedgeweek) Private equity and hedge funds have raised concerns over a US government plan to raise the level of tax on carried-interest income which could be damaging for both small businesses and big institutional investors, according to a report by […]
Stock futures fall to start August trading with market coming off best month since 2020
(CNBC) Stock futures fell following the market’s best month since 2020 as investors look ahead to another week of key earnings reports and economic data. The Dow Jones Industrial Average futures fell by 151 points, or 0.46%. S&P 500 futures […]
Are we in a recession? It doesn’t matter, Fed official says: ‘I’m focused on the inflation data’
(CNBC) If you’re debating whether or not the U.S. is in a recession, you’re asking the wrong question, according to a top Federal Reserve official. “Whether we are technically in a recession or not doesn’t change my analysis,” Neel Kashkari, […]
Google CEO tells employees productivity and focus must improve, launches ‘Simplicity Sprint.”
(CNBC) Google is launching a new effort called “Simplicity Sprint” in an effort to improve efficiency and improve employee focus during an uncertain economic environment. The Alphabet company had its regular all-hands last Wednesday, and the tone was somewhat urgent […]
Most hedge fund subsectors lost money and investor capital in May as redemptions increased
(Hedgeweek) Hedge fund redemptions increased slightly in May to $27.53 billion, 0.54% of industry assets. Despite the broader industry trend, some hedge fund subsectors did manage to add to assets in May, with multi-strategy funds leading the way at +$2.90 […]
Bitcoin hits 6-week high topping $24,000 in a post-Fed rally
(CNBC) Bitcoin hovered around $24,000 on Friday, hitting a 6-week high as it continues to follow stock markets higher. The world’s largest digital currency reached $24,412 on 2:30 a.m. ET on Friday, according to CoinDesk data, its highest level in […]
Inflation figure that the Fed follows closely hits highest level since January 1982
(CNBC) An inflation gauge that the Federal Reserve uses as its primary barometer jumped to its highest 12-month gain in more than 40 years in June, the Bureau of Economic Analysis reported Friday. The personal consumption expenditures price index rose […]