Category Archives: Syndicated
Melvin Investors Irate Over Fair-Weather Hedge Fund’s Shutdown
(Bloomberg) Melvin Capital Management’s traders pocketed hefty performance fees over a half-decade while achieving roughly 30% in annualized gains. Now, after a streak of steep losses, they’re abruptly returning client cash and moving on. Some of Melvin’s investors caught flat-footed […]
Stock futures rise with the S&P 500 on the brink of falling into a bear market
(CNBC) U.S. stock futures rose Thursday night as traders watched to see if the S&P 500 will tumble into bear market territory. S&P 500 futures traded 0.62% higher, while Nasdaq 100 futures gained 1%. Futures tied to the Dow Jones […]
Stephen Roach calls stagflation his base case, warns market is unprepared for the consequences
(CNBC) Stagflation is making a comeback, according to former Morgan Stanley Asia chairman Stephen Roach. He warns the U.S. is on a dangerous path that leads to higher prices coupled with slower growth. “This inflation problem is widespread, it’s persistent […]
Crypto exchange FTX U.S. moves into stock trading
(CNBC) The U.S. affiliate of crypto exchange FTX is rolling out zero-commission stock trading as part of a bigger bet that retail investors will want to see their crypto and stock investments in a single place. FTX U.S. will offer […]
Palo Alto Networks stock jumps after company lifts full-year forecast
(CNBC) Palo Alto Networks shares rose 12% in extended trading on Thursday after the network security hardware maker announced fiscal third-quarter results that came in stronger than analysts had expected. To read this article:
Rapid growth propels venture capital AUM crosses the $2tn barrier
(Opalesque) Venture capital (VC) becomes the second private capital class to hit $2tn assets under management (AUM), said a study. According to Preqin, VC AUM has hit $2.03tn as of September 2021, the most recent date for which the calculation […]
Melvin Capital says it’s winding down funds and returning money to investors during market turmoil
(CNBC) Melvin Capital Management, the hedge fund burned by the GameStop mania, said it will unwind its funds and return cash to investors as losses accelerated during the market turmoil this year.“ The past 17 months has been an incredibly […]
Stock futures rise slightly after Dow’s worst day since 2020
(CNBC) Stock futures were mildly in positive territory in overnight trading Wednesday after the Dow Jones Industrial Average experienced its biggest one-day drop since 2020. Futures on the Dow Jones Industrial Average climbed 44 points, or 0.14%. S&P 500 futures […]
Cisco stock plunges as company forecasts surprising revenue decline
(CNBC) Cisco shares plunged by as much as 17% in extended trading on Wednesday after the networking company said it generated lower quarterly revenue than analysts predicted and called for an unexpected sales decline in the current period. To read […]
Here’s what Walmart, Target, Home Depot tell us about the state of the American consumer
(CNBC) How well is the American consumer holding up against sky-high inflation? It depends on whom you ask. Four major retailers — Walmart, Target, Home Depot and Lowe’s — reported quarterly financial results this week, and they each offered a […]
Hasbro slams activist investor’s proposed board directors as proxy battle heats up
(CNBC) Hasbro is going on the offensive against an activist investor wants to add new members to the company’s board and spin off the lucrative unit that includes Dungeons & Dragons. On Wednesday, the toymaker issued a letter to shareholders […]
Stock futures lower as Wall Street looks to build on recent rebound
(CNBC) U.S. stock futures were lower on Tuesday evening as investors looked to build on a solid rally. Futures for the Dow Jones Industrial Average shed 93 points, or 0.29%. S&P 500 futures sat 0.18% lower while Nasdaq 100 futures […]