Category Archives: Syndicated
Twitter is reportedly taking another look at Musk takeover bid
(CNBC) Twitter could be becoming more receptive to a takeover bid from Elon Musk after the billionaire disclosed he has secured $46.5 billion in financing, The Wall Street Journal reported Sunday. The social media company had been expected to shoot […]
Stock futures fall on Sunday as Wall Street braces for a busy earnings week
(CNBC) U.S. stock futures fell on Sunday night amid a four-week losing streak for the Dow Jones Industrial Average as investors weighed the likelihood of rising interest rates. Wall Street is also bracing for a stacked week of earnings, including […]
Fed’s Mester casts doubt on the need for ‘shock’ interest rate hikes ahead
(CNBC) Cleveland Federal Reserve President Loretta Mester said last week she’s in favor of raising interest rates quickly to bring down inflation, but not so quickly as to disrupt the economic recovery. That means a strong likelihood of backing a […]
MSCI questions suitability of short-selling to achieve ESG investing aims
(Hedgeweek) MSCI Inc has questioned the hedge fund industry’s assertion that short-selling is an effective strategy to implement environmental, social and governance investing, according to a report by Bloomberg. To read this article:
Global hedge funds have challenging start to 2022, says – Preqin reports
(Hedgeweek) Preqin has published its Q1 2022 Hedge Fund Quarterly Report which shows hedge funds were affected by geopolitical factors and turmoil in the markets, posting lower returns during the quarter compared to their strong performance in 2021. To read […]
SEC facing legal action from hedge funds over proposed changes to swaps rules
(Hedgeweek) The SEC is facing the possibility of legal action by hedge funds and finance industry groups over its plans to change certain market rules following the collapse of Archegos Capital Management (Archegos), according to a report by The Financial […]
Musk to explore potential tender offer for Twitter, has $46.5B in committed financing for deal
(CNBC) Elon Musk is exploring whether to commence a tender offer for Twitter, according to a new securities filing. In an updated filing published Thursday, Musk said that given the lack of response from Twitter’s board, he is now exploring […]
Powell says taming inflation ‘absolutely essential,’ and a 50 basis point hike possible for May
(CNBC) Federal Reserve Chairman Jerome Powell affirmed the central bank’s determination to bring down inflation and said Thursday that aggressive rate hikes are possible as soon as next month. To read this article:
Snap reports ‘challenging’ quarter that missed sales and profit estimates
(CNBC) Snap missed Wall Street expectations for profit and sales, and forecast disappointing revenue growth in the current quarter, when it reported first-quarter results on Thursday. However, daily users grew 18% annually, more than expected. Snap was down about 4% […]
Stock futures are flat as the S&P 500 attempts to avoid another losing week
(CNBC) Stock futures were flat in overnight trading Thursday as the S&P 500 tried to avoid another losing week amid busy earnings and rising bond yields. Futures on the Dow Jones Industrial Average dipped 20 points. S&P 500 futures and […]
Billionaire Investor Bill Ackman’s Pershing Square Hedge Fund Sheds Stake in Netflix
(Deadline) Bill Ackman’s Pershing Square Holdings, which made a high-profile purchase of Netflix shares in January after a dip in the stock price, has sold the stake, having “lost confidence in our ability to predict the company’s future prospects with a sufficient degree of […]
Elon Musk says he thinks inflation is worse than reported and likely to continue through 2022
(CNBC) On Tesla’s first-quarter earnings call Wednesday, CEO Elon Musk said he thinks that inflation is worse than reported and is likely to last all year in 2022. U.S. inflation rose 8.5% annually in March to hit a 40-year high as Russia’s […]