Category Archives: Syndicated
Snap’s warning sends shock across digital advertising as investors flee social media stocks
(CNBC) Social media companies were already having a rough year from the cutback in digital ad spending caused by rising inflation, supply chain challenges and the war in Ukraine. Forecasts for the second quarter called for meager growth at best, […]
Nordstrom raises full-year outlook as first-quarter sales top expectations
(CNBC) Nordstrom on Tuesday reported fiscal first-quarter sales ahead of analysts’ expectations and hiked its full-year outlook, citing momentum in the business as shoppers visited the company’s department stores to refresh their closets with designer brands and shoes. Nordstrom now […]
Zoom pops 16% on first-quarter earnings beat and strong guidance
(CNBC) Zoom shares rose 16% in extended trading on Monday after the provider of video chat software reported better-than-expected first-quarter earnings and issued an upbeat forecast for the second period. To read this article:
JPMorgan shares pop after bank says it will reach key returns target earlier than planned
(CNBC) JPMorgan Chase on Monday reversed course on guidance it gave in January, saying the bank could achieve a key performance target this year after all. The lender said that a 17% return on tangible common equity “remains our target […]
Bitcoin could fall to $8,000, a more than 70% plunge, Guggenheim’s Minerd says
(CNBC) Bitcoin could drop further and fall to $8,000 from its current levels, Guggenheim Chief Investment Officer Scott Minerd predicted Monday. That would represent a more than 70% drop to Monday morning’s price of just over $30,000. “When you break […]
Snap plunges 30% after CEO warns company will miss revenue and earnings estimates, slow hiring
(CNBC) Snap shares plunged 30% in extended trading on Monday after CEO Evan Spiegel warned in a note to employees that the company will miss its own targets for revenue and adjusted earnings in the current quarter. The social media […]
Anatole hedge fund cuts losses by rolling back on bullish China bets
(Hedgeweek) Anatole Investment Management Ltd’s flagship hedge fund has changed tack and adopted a more defensive investment stance in a bid to stem recent losses, according to a report by Bloomberg. To read this article:
SS&C GlobeOp Forward Redemption Indicator at 1.97% for April
(Hedgeweek) The SS&C GlobeOp Forward Redemption Indicator for May 2022 measured 1.97%, up from 1.48% in April. To read this article:
Stock futures rise after Dow falls for 8th-straight week in relentless sell-off
(CNBC) Stock futures rose in overnight trading Sunday after the Dow Jones Industrial Average fell for its 8th straight week amid a broader market sell-off. Futures on the Dow industrial average gained 224 points, or 0.72%. S&P 500 futures added […]
Stocks head for another potentially treacherous week, as a slew of retailers report earnings
(CNBC) If there’s more bad news from retailers in the coming week, that could be a negative catalyst for an already cranky stock market. Market pros are watching for more signs that stocks could be bottoming, though strategists say that […]
Tech stocks are mired in their longest weekly losing streak since dot-com bust
(CNBC) Tech companies haven’t seen a selloff like since 2001 and the bursting of the dot-com bubble. The Nasdaq declined 3.8% this week, falling for a seventh straight week. It’s the longest losing streak for the tech-heavy index in 21 […]
Cryptocurrency exchange Bybit offers up to 30% APY on new liquidity mining pools
(Hedgeweek) Bybit, a cryptocurrency exchange with the second largest BTC Futures exchange by open interest, has launched new pools. To read this article: