Category Archives: Syndicated
Fed sees ‘more restrictive’ policy as likely if inflation fails to come down, minutes say
(CNBC) Federal Reserve officials in June emphasized the need to fight inflation even if it meant slowing an economy that already appears on the brink of a recession, according to meeting minutes released Wednesday. Members said the July meeting likely […]
Stock futures little changed following third straight day of gains for S&P 500
(CNBC) U.S. stock futures were flat on Thursday morning as investors digested the most recent meeting minutes from the Federal Reserve. Dow Jones Industrial Average futures inched up by 36 points, or 0.12%. S&P 500 and Nasdaq 100 futures were […]
GameStop jumps in extended trading after announcing 4-for-1 stock split
(CNBC) Shares of GameStop jumped more than 8% in extended trading Wednesday after the retailer said a 4-for-1 stock split was approved by its board. Shareholders who own the stock at the close of the market on July 18 will […]
U.S. SEC to vote on July 13 to adopt proxy rules that undo Trump-era condition
(Reuters) The U.S. Securities and Exchange Commission (SEC) will vote on July 13 to adopt rules boosting disclosures around proxy voting advice, the agency said on Wednesday. The rule, which the Wall Street regulator voted to propose in November, is […]
Bridgewater’s flagship fund posts gains of 32% through June
(Reuters) Hedge fund manager Bridgewater Associates’ flagship Pure Alpha 18% volatility fund gained 32.2% in the first half of the year, according to a source familiar with the matter, beating sharp market declines. Pure Alpha’s return net of fee increase […]
Apollo, Blackstone seek buyers for Canadian oil producer Ridgeback
(Reuters) Apollo Global Management Inc (APO.N) and the credit arm of Blackstone Group Inc (BX.N) are looking to sell Canadian oil and gas producer Ridgeback Resources for more than C$1 billion ($765.58 million), four sources familiar with the matter said […]
Bridgewater Associates registers significant short bets across Europe
(Hedgeweek) Bridgewater Associates Inc held the greatest number of significant new short positions in the last week of June as a proportion of overall European short positions, according to the latest monthly pan-European short position data from SEI Novus. To […]
Bonds flash recession warning light as key part of the yield curve inverts again
(CNBC) The bond market is flashing a warning that the economy may be falling or already has fallen into recession, according to one closely watched measure. Market pros watch the spread on the Treasury yield curve, or the difference between […]
Diversification key to hedging against inflation
(Hedgeweek) The alternative investment industry has witnessed the resurgence of global macro strategies and CTAs off the back of rising inflation – in the first quarter alone, CTAs generated performance-based gains of $27.8 billion, attracting $3.3 billion in net new […]
Stock futures rise after another losing week on Wall Street
(CNBC) Stock futures rose early on Tuesday morning after the major averages finished another losing week. Stock futures tied to the Dow Jones Industrial Average rose 59 points or 0.19%. S&P 500 futures inched 0.24% higher, and Nasdaq 100 futures […]
Another crypto lender Vauld pauses withdrawals as market crash takes its toll
(CNBC) Crypto lender Vauld on Monday paused all withdrawals, trading and deposits on its platform and is exploring potential restructuring options, the company said. Vauld CEO Darshan Bathija said in a blog post on Monday that the company is facing “financial challenges” […]
Recession fears flare and June jobs report looms as jittery markets head into third quarter
(CNBC) Investors are greeting the third quarter with greater trepidation about a recession, and that makes next Friday’s June jobs report a potentially bigger catalyst for markets than it might otherwise have been.The jobs report and Wednesday’s release of minutes […]