Category Archives: Syndicated
Walmart cuts profit outlook as inflation forces shoppers to spend more on necessities
(CNBC) Walmart on Monday cut its quarterly and full-year profit guidance, saying inflation is causing shoppers to spend more on necessities such as food and less on items like clothing and electronics. That shift in spending has left more items […]
Amazon sinks after Walmart lowers profit outlook on inflation concerns
(CNBC) Shares of Amazon fell more than 4% in extended trading on Monday after Walmart said it was lowering its quarterly and full-year profit guidance. Walmart announced after the bell on Monday that it now expects adjusted earnings per share […]
Stock futures fall after Walmart cuts forecast, says inflation hit consumer spending
(CNBC) U.S. stock futures fell on Tuesday morning after Walmart cut its profit forecast, sending retail stocks tumbling after hours. Dow Jones Industrial Average futures fell by 120 points, or 0.38%. S&P 500 and Nasdaq 100 futures declined 0.3% and […]
Three Arrows Founders speak out about collapse of crypto hedge fund
(Hedgeweek) The founders of Three Arrows Capital (3AC) have finally spoken out about the demise of the cryptocurrency hedge fund, five weeks after the company went into meltdown, according to a report by Bloomberg: To read this article:
Investors ditch SkyBridge’s flagship fund amid market downturn
(Hedgeweek) Investors are queuing up to withdraw assets from SkyBridge Capital’s flagship hedge fund amid the current market downturn, according to a report by The New York Times. To read this article:
Stock futures are little changed as Wall Street braces for a busy week of earnings, Fed meeting
(CNBC) U.S. stock futures were little changed on Monday morning, coming off a positive week for the major averages, as traders brace for the busiest week of corporate earnings, as well as insights into further interest rate hikes from the […]
Markets face what could be the most important week of summer with Fed, earnings and economic data
(CNBC) There’s a head-spinning amount of news for markets to navigate in the week ahead, the biggest of which will be the Federal Reserve’s midweek meeting. The two largest U.S. companies — Microsoft and Apple — report Tuesday and Thursday, […]
SS&C GlobeOp Forward Redemption Indicator falls to 1.82% in July
(Hedgeweek)The SS&C GlobeOp Forward Redemption Indicator for July 2022 measured 1.82%, down from the 2.42% recorded in June. To read this article:
Skybridge to launch new Web3 and crypto-focused fund
(HedgeWeek) Skybridge Capital, the investment firm founded by Anthony Scaramucci, is to launch a new fund focused on investments in Web3 and the cryptocurrency space. To read this article:
Snap shares plunge 25% on disappointing second-quarter results and plans to slow hiring
(CNBC) Snap shares plummeted more than 25% in extended trading on Thursday after the social media company reported disappointing second-quarter results and said it plans to slow hiring as it reckons with weakening revenue growth. Co-founders Evan Spiegel, the CEO, […]
Jobless claims rise again in another sign that labor market is cooling
(CNBC) Initial jobless claims hit their highest level since mid-November last week, the latest sign that a historically tight labor market is beginning to slow, according to Labor Department data released Thursday. Claims totaled 251,000 for the week ended July […]
Data management and AI automation tools are top investment for financial firms, says Broadridge
(HedgeWeek) Investing in technology to better optimise data and modernise data management are the top priorities for financial services firms according to new research by global Fintech leader, Broadridge Financial Solutions. To read this article: