Category Archives: Syndicated
Investors could get a reprieve from vicious stock sell-off in week ahead
(CNBC) Investors could get a reprieve this week from the vicious selling cycle that has gripped the stock market since late March. Stocks bounced off of Thursday’s washout lows and were set to exit the week with reduced losses after […]
Amazon’s Bezos blasts Biden administration on inflation, says it’s most hurtful to the poor
(CNBC) Amazon founder Jeff Bezos tweeted on Sunday that inflation is most hurtful to the least affluent in the United States, and criticized President Joe Biden for the second time in a week for his comments on inflation. “In fact, […]
Stock futures fall ahead of a big week of retail earnings
(CNBC) Stock futures fell Sunday evening after a week of steep losses that ended on a high note, and ahead of a big earnings week for retailers. Futures tied to the Dow Jones Industrial Average slipped by 186 points, or […]
Ex-Goldman CEO Blankfein says recession possibility is ‘very high risk factor’
(CNBC) Former Goldman Sachs CEO Lloyd Blankfein said on Sunday he believes the economy is at risk of possibly going into a recession, as the U.S. Federal Reserve continues to raise interest rates to tackle rising inflation. Speaking on “Face […]
More than $200 billion erased from entire crypto market in a day as sell-off intensifies
(CNBC) Bitcoin fell below $26,000 for the first time in 16 months, amid a broader sell-off in cryptocurrencies that erased more than $200 billion from the entire market in a single day. The price of bitcoin plunged as low as […]
Hedge fund winners and losers emerge in brutal tech-driven sell-off
(CNBC) A wide divergence of performance has formed in the hedge fund industry amid the stock rout on Wall Street this year. Tech-focused investors like Brad Gerstner and Tiger Global are getting crushed as growth stocks became the epicenter of […]
Popular hedge fund positions down an average of 7.3%
(Hedgeweek) Some of the most popular hedge funds have plummeted in value by -26.4% YTD, according to a report from CNBC. Big tech has taken a back seat, with Microsoft, Amazon, Alphabet Class A, Apple and Meta Platforms no longer […]
Powell says he can’t guarantee a ‘soft landing’ as the Fed looks to control inflation
(CNBC) Federal Reserve Chairman Jerome Powell warned Thursday that getting inflation under control could cause some economic pain but remains his top priority. Powell said he couldn’t promise a so-called soft landing for the economy as the Fed raises interest […]
Robinhood shares pop more than 20% after Sam Bankman-Fried buys 7.6% stake
(CNBC) Sam Bankman-Fried, the CEO of crypto exchange FTX, has taken a 7.6% stake in Robinhood, according to a Thursday filing with the Securities and Exchange Commission. Shares of the investing company jumped 36% at one point in extended trading […]
Twitter’s market cap has dropped to $9 billion below Musk’s purchase price as concerns about deal emerge
(CNBC) As Elon Musk pursues ownership of Twitter, shares of the social media company are dropping, suggesting some concern among investors that the deal won’t reach the finish line. Twitter has slid nearly 13% since reaching its high for the […]
Stock futures rise slightly following hot inflation report
(CNBC) Stock futures were slightly higher Wednesday evening after the latest CPI data showed inflation is still running hot. Futures tied to the Dow Jones Industrial Average added 70 points, or 0.2%. S&P 500 futures and Nasdaq 100 futures each […]
Disney may need to tell investors a new story as company warns of softer streaming growth
(CNBC) Disney may have a storytelling problem. Although the company added a better-than-expected 7.9 million Disney+ subscribers in the quarter, Disney shares slid after hours Wednesday when Chief Financial Officer Christine McCarthy acknowledged the second half of the year may […]