Category Archives: Syndicated
Citadel Securities founder Griffin likens crypto value to abstract art
(Reuters) Ken Griffin, the billionaire founder of Citadel Securities, one of the world’s biggest market-making firms, said on Monday he envisions the company entering the cryptocurrency market as a combination of a liquidity provider and an exchange. To read this […]
Investors reposition for a possible recession
(Opalesque) Recession fears are growing among institutional investors, according to the latest CIO letter from UBS O’Connor. According to O’Connor CIO Kevin Russell, institutional investors have largely priced in the risks from the war in Ukraine and are now considering […]
Fears of a Fed mistake grow as this week’s anticipated interest rate hike looms
(CNBC) The Federal Reserve is tasked with slowing the U.S. economy enough to control inflation but not so much that it tips into recession. Financial markets expect the central bank on Wednesday to announce a half-percentage point increase in the […]
Stock futures are lower after big market reversal to start May
(CNBC) U.S. stock futures moved lower Monday night after the major averages staged a big reversal to start the month. Dow Jones Industrial Average futures fell 57 points, or 0.2%. S&P 500 and Nasdaq 100 futures dipped 0.2% and 0.3%, […]
Australia hikes its interest rate for the first time in more than a decade
(CNBC) Australia hiked its interest rate for the first time in more than a decade, a widely expected move as consumer prices surge. Its central bank said Tuesday that the cash rate will be increased by 25 basis points to […]
Bubble’ hitting 50% of market, top investor warns as Fed gets ready to meet
(CNBC) The market may be in the early innings of a dramatic decline. Despite Monday’s tech comeback, money manager Dan Suzuki of Richard Bernstein Advisors warns the group is in a “bubble.” “Go back and look at the history of […]
Berkshire bought $51 billion in stock as Buffett combats supply chain
(Reuters) Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) dove into equity markets in the first quarter, spending more than $51 billion on stocks including a much larger stake in Chevron Corp (CVX.N). Berkshire, which Buffett has run since 1965, also said […]
The Fed’s favorite inflation gauge rose 5.2% in March as worker pay fell further behind
(CNBC) A measure that the Federal Reserve focuses on to gauge inflation rose in March, likely cementing the central bank’s intention to hike interest rates by half a percentage in May. The core personal consumption expenditures price index, which measures […]
Stock futures are higher after the Nasdaq posts worst month since 2008
(CNBC) U.S. stock index futures were higher during early morning trading Monday after the Nasdaq Composite Index posted its worst month since 2008, pressured by rising rates, rampant inflation, and underwhelming earnings from some of the largest technology companies. Futures […]
Warren Buffett says inflation ‘swindles almost everybody,’ Munger rails against bitcoin, at Berkshire meeting
CNBC) Berkshire Hathaway Chairman Warren Buffett on Saturday put fresh money behind Activision and Chevron and doled out sharp criticism against speculation in the market. Speaking at Berkshire Hathaway’s first in-person annual meeting since 2019, Buffett went so far as […]
U.S. Treasury yields start May higher as traders look ahead to Fed meeting
(CNBC) U.S. Treasury yields continued their push higher on Monday, as investors monitored economic data and monetary policy on the first trading day of May. The yield on the benchmark 10-year Treasury note rose 5 basis points to 2.9416% by […]
Apple shares dip after company warns of a possible $8 billion hit from supply constraints
(CNBC) Apple’s revenue grew nearly 9% year over year in the quarter ended in March, the company said on Thursday, showing strong growth and bucking investor worries about a deteriorating macroeconomic environment affecting demand for high-end smartphones and computers. But […]