Category Archives: Syndicated
Amazon takes $7.6 billion loss on Rivian stake after EV company’s stock plunge
(CNBC) Amazon invested in electric vehicle maker Rivian in 2019 as part of a plan to go green. During the first quarter, it saw nothing but red. In its earnings report on Thursday, Amazon took a $7.6 billion loss on […]
Nasdaq futures slide as Amazon and Apple retreat after earnings
(CNBC) Nasdaq 100 futures fell Thursday evening following an extravaganza of Big Tech earnings, with disappointments from Amazon and Apple. Futures tied to the tech-heavy index fell 1.5%, while Dow Jones Industrial Average Futures slid 0.4% and S&P 500 futures […]
Robinhood shares fall as retail brokerage reports shrinking revenue, fewer active users
(CNBC) Retail brokerage firm Robinhood reported a wider-than-expected loss and shrinking revenue for the first quarter, showing signs that the small-dollar trading boom that captivated Wall Street a year ago may have run out of steam. Shares of the company […]
Analysis: U.S. bond investors worry deep slide will end 40-year bull market
(Reuters) The 40-year bull market in U.S. bonds is dead. Long live the bond bull market. The U.S. Treasuries market began 2022 with one of its biggest slides in history. Some bond investors are again worried that the end is […]
New entrants push global hedge fund industry over $5tn threshold
(Hedgeweek) The hedge fund industry turned back to outflows in February, experiencing -$3.19 billion in net redemptions, -0.07% of industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions. To read this article:
World’s largest allocators added $130bn to private markets last year, says Vidrio research
(HedgeWeek) Mandate activity among the largest institutional investors soared in 2021 across private equity, private credit, real estate and infrastructure, and hedge funds, according to research commissioned by Vidrio Financial, a provider of software and integrated data services solutions for […]
Facebook forecast points to possible revenue drop for the first time after decade of growth
(CNBC) Prior to the first quarter of this year, Facebook’s revenue growth had never sunk into the single digits. In the second quarter, it may not grow at all. Though shares of Facebook parent Meta jumped about 20% in extended […]
Hedge funds attract the biggest inflows in 7 years on the back of market volatility
(CNBC) The hedge fund industry attracted its largest inflows in seven years during the first quarter as investors sought downside protection amidst a volatility spike triggered by fears of inflation and rising rates as well as geopolitical tensions. The $4-trilion […]
Ford sees first-quarter profit dragged lower by Rivian stake, but maintains 2022 earnings guidance
(CNBC) Ford Motor posted first-quarter results Wednesday that were in line with Wall Street’s expectations, though its net profit was dragged down by a stake in electric vehicle maker Rivian Automotive and reduced vehicle production. Ford reported an unadjusted net […]
Barclays beats expectations as Russia-Ukraine volatility gives investment bank a boost
(CNBC) Barclays on Thursday beat analyst expectations for the first quarter, as strong investment banking performance helped drive income growth. The British bank reported first-quarter net profit attributable to shareholders of £1.4 billion ($1.76 billion), above analyst expectations of £644 million, […]
Qualcomm revenue pops 41% driven by Android phone chip sales
(CNBC) Qualcomm reported second-quarter earnings Wednesday, beating Wall Street expectations for sales and earnings, and driving the stock up over 4% in extended trading. Here’s how Qualcomm did versus Refinitiv consensus expectations: To read this article:
Robinhood cutting about 9% of full-time employees
(CNBC) Retail brokerage firm Robinhood is cutting back staffing levels, citing “duplicate roles and job functions” after rapid expansion last year. CEO Vlad Tenev made the announcement in a blog post on Tuesday afternoon. Shares fell more than 5% in […]