Category Archives: Syndicated
US tech stock sell-off continues as hedge funds dump Netflix and Meta
(Hedgeweek) The latest 13-F filings released on Monday (16 May) reveal that hedge funds Tiger Global Management, Winslow Capital Management, and Scopus Asset Management all sold their shares in Netflix prior to the company reporting its first drop in subscriber […]
Powell says the Fed will not hesitate to keep raising rates until inflation comes down
(CNBC) Federal Reserve Chair Jerome Powell emphasized his resolve to get inflation down, saying Tuesday he will back interest rate increases until prices start falling back toward a healthy level. “If that involves moving past broadly understood levels of neutral […]
JPMorgan investors hand Jamie Dimon a rare rebuke with disapproval of $52.6 million bonus
(CNBC) JPMorgan Chase CEO Jamie Dimon was handed a rare rebuke on Tuesday with the shareholder disapproval of his massive retention bonus announced by the bank last year. Just 31% of investors participating in the New York-based bank’s annual shareholder […]
Robinhood to let users hold their own crypto and NFTs as it reaches for growth beyond stock trading
(CNBC) Robinhood is handing over the keys to some of its customers’ crypto. The trading and investing company announced Tuesday it will let users hold and custody their own cryptocurrencies and NFTs in a separate, stand-alone app. It’s the latest […]
Home Depot raises full-year outlook as shoppers trade up to premium products and fuel record Q1 sales
(CNBC) Home Depot on Tuesday raised its full-year outlook and reported strong quarterly earnings, fueled by the company’s strongest first-quarter sales on record, an early signal that the retailer is so far weathering inflation. Home Depot executives said they haven’t […]
SEC Obtains Emergency Relief to Halt Pre-IPO Stock Fraud Scheme by Unregistered Broker-Dealer
(HedgeCo.Net) Defendants, including persons barred from the brokerage industry, allegedly sold shares they didn’t own, and pocketed more than $75 million. The Securities and Exchange Commission has announced that it obtained asset freezes and other emergency relief against StraightPath Venture […]
Bridgewater Associates ‘swaps’ Tesla for Chinese EV companies
(Hedgeweek) Bridgewater Associates, the hedge fund led by billionaire Ray Dalio, has doubled its holdings in Chinese electric vehicle (EV) companies Li Auto and Xpeng, and significantly raised its exposure to Nio haven completely exited its position in Tesla in […]
Intel shareholders reject executive pay
(CNBC) Intel shareholders voted last week against the company’s compensation for its top executives, according to an regulatory filing published on Monday. The vote is advisory, and won’t immediately affect the compensation of Intel’s executives, but sends a signal that […]
$3 billion in bitcoin was sold in a last-ditch attempt to save UST stablecoin from collapse
(CNBC) Investors have been eager to find out what happened to the $3 billion in bitcoin bought up by crypto firm Terra to back its failed stablecoin. Now, they’ve got their answer. Luna Foundation Guard, a fund set up by […]
Stock futures are flat after S&P, Nasdaq start the week in the red
(CNBC) U.S. stock index futures were flat during overnight trading on Monday, following a volatile session that saw the S&P 500 and Nasdaq Composite continue their march lower. Futures contracts tied to the Dow Jones Industrial Average were flat. S&P […]
Musk reportedly says Twitter deal at lower price ‘not out of the question’
(CNBC) Elon Musk hinted that he could seek to renegotiate the price of his Twitter takeover, saying a deal at a lower price wasn’t “out of the question,” Bloomberg reported Monday. Musk reportedly made the comments while speaking at a […]
Hedge funds outperformed the S&P Total Return Index in April, despite losing 2.66%
(Hedgeweek) Hedge funds once again outperformed the S&P Total Return Index in April, despite losing 2.66%, bringing the year-to-date loss to -5.55%, according to BarclayHedge. To read this article: