Category Archives: Syndicated
S&P 500 gains, helped by Apple and Amazon, as index heads for best month since 2020
(CNBC) The S&P 500 rose Friday on the back of strong earnings from Big Tech names Apple and Amazon to cap off its biggest monthly gain in nearly two years. The broad market index climbed 1.1%, while the Nasdaq Composite […]
Yellen says the economy is not in a recession despite GDP slump
(CNBC) Treasury Secretary Janet Yellen said Thursday the U.S. economy is in a state of transition, not recession, despite two consecutive quarters of negative growth. Recession, Yellen insisted, is a “broad-based weakening of our economy” that includes substantial layoffs, business […]
Amazon shares rally after strong second quarter and guidance
(CNBC) Shares of Amazon jumped more than 12% on Friday, a day after the company posted stronger than expected second-quarter revenue and gave upbeat guidance. Sales for the three months ending in June grew 7% to $121.23 billion, which was […]
Hedge Fund subsectors lost money and investor capital in May as redemptions increased
(Hedgeweek) Despite a broader industry trend that saw hedge fund redemptions accelerate slightly in May to -$27.53 billion (-0.54% of industry assets), some hedge fund subsectors did manage to add to assets over the month, according to the latest Barclay […]
Intel stock slumps 11% after poor earnings show softening demand for PCs
(CNBC) Intel stock is down 11% on Friday, a day after the company reported disappointing second-quarter earnings that missed on the top and bottom lines. Intel’s revenue declined 22% year over year and missed consensus by 14%, the company’s largest […]
Stock futures rise ahead of key Fed decision
(CNBC) Stock futures climbed early on Wednesday morning as traders await the Federal Reserve’s latest interest rate decision, scheduled to be announced Wednesday afternoon. Futures on the Dow Jones Industrial Average rose by 105 points, or 0.33%. S&P 500 futures […]
Credit Suisse names Ulrich Koerner as CEO, launches strategic review as losses deepen
(CNBC) Credit Suisse on Wednesday announced that CEO Thomas Gottstein would step down as the bank reported a massive second-quarter loss, as poor investment bank performance and mounting litigation provisions hammered earnings. The embattled Swiss bank posted a net loss […]
Alphabet misses on earnings and revenue for second quarter
(CNBC) Alphabet reported weaker-than-expected earnings and revenue for the second quarter. The stock rose more than 4% in extended trading. Here’s how the company did: Earnings per share (EPS): $1.21 vs $1.28 expected. To read this article:
Microsoft misses estimates but stock up 5% on rosy guidance
(CNBC) Microsoft shares rose 5% in extended trading on Tuesday after the software maker issued a rosy income forecast for the year ahead, despite issuing quarterly results that failed to reach Wall Street consensus. Here’s how the company did: Earnings: […]
One size regulation doesn’t fit all hedge funds
(Hedgeweek) A survey by Hedgeweek in June shows that 50% of larger hedge funds (>$1bn) are looking to expand their internal legal and compliance teams, with 44% of smaller hedge funds (<250m) planning to increase their outsourcing of compliance functions. […]
Hedge funds disappoint investors but still outperform public options, says Preqin
(Hedgeweek) Alternative assets data specialist Preqin’s hedge fund benchmark declined by 7.95% during Q2, according to the firm’s Q2 2022 Hedge Funds Report, making it the second largest quarterly decline, post global financial crisis, and the sixth lowest quarterly return […]
UBS misses expectations; CEO cites one of the ‘most challenging’ quarters for investors in a decade
(CNBC) UBS on Tuesday missed expectations for the second quarter of 2022 as its CEO warned of “uncertain times” in markets. On Tuesday it posted a net profit attributable to shareholders of $2.11 billion, below analyst expectations aggregated by the […]