Category Archives: Syndicated
Treasury Secretary Janet Yellen says Americans will likely see another year of ‘very uncomfortably high’ inflation
(CNBC) The Treasury secretary’s comments came just hours after the Labor Department published its latest gauge on how fast prices are climbing for American consumers. The report showed that consumer prices rose 7.9% in the 12 months ending in February, […]
Consumer inflation was likely high in February, and rising fuel prices will turn up the pressure
(CNBC) February’s consumer price index is the last important look at inflation before Federal Reserve officials meet next week, and it’s going to be a scorcher. Economists expect headline inflation rose 0.7% last month, or 7.8% on an annualized basis, […]
Amazon announces 20-for-1 stock split, $10 billion buyback
(CNBC) Amazon announced its first stock split since the dot-com boom, telling investors on Wednesday that they’ll receive 20 shares for each share they currently own. The stock soared 6% in extended trading. The company also said the board authorized it […]
Biden just put out an executive order on cryptocurrencies — here’s everything that’s in it
(CNBC) It’s a long-awaited directive that has had the crypto industry on edge, not least due to growing regulatory concern around the world surrounding the nascent digital asset market. There had been reports of a divide between White House officials […]
Stock futures are little changed after S&P 500?s best one-day rally since 2020
(CNBC) Stock futures are little changed in overnight trading Wednesday after the major indexes posted sharp gains as commodity prices cooled. Futures on the Dow Jones Industrial Average dipped about 20 points. S&P 500 futures were near flat and Nasdaq […]
APAC venture capital investments in fintech surge to a record high of $15.69bn in 2021
(Opalesque) Venture capital investments in APAC-based fintech surged to a record high of $15.69 billion in 2021, more than double the prior year’s figure of $5.87 billion, said a study. While this growth followed subdued funding activity in 2020, the […]
Crude Oil Jumps 7% on U.S. ban of Russian imports, but trades off session highs
(CNBC) Oil prices jumped to their highs of the session Tuesday as President Joe Biden announced a ban on Russian fossil imports including oil in response to the country’s invasion of Ukraine. WTI crude oil popped as much as 7% […]
Stock futures Move Up as Investors Assess Rising Commodities and Ongoing War in Ukraine
(CNBC) S&P 500 futures were higher Tuesday evening as investors continued to assess a surge in commodity prices and high inflation while the war in Ukraine continues. Futures tied to the Dow Jones Industrial Average rose 201 points, or 0.62%. […]
Iconic U.S. brands Coca-Cola, Pepsi, McDonald’s and Starbucks suspend business in Russia
(CNBC) PepsiCo, Coca-Cola, McDonald’s and Starbucks each said Tuesday they are suspending business in Russia after that country’s invasion of Ukraine, a symbolic move by four iconic U.S. brands. Pepsi has sold it products in Russia for more than six […]
U.S. funding ratio of ‘$20 billion club’ rises to 93.8% in 2021
(Opalesque) The average funding ratio of 19 U.S. publicly listed corporations with more than $20 billion in global pension fund liabilities totaled 93.8% at the end of 2021, up from 86.2% at the start of the year, said a study. […]
Macro hedge funds led industry gains in February
(Opalesque) Macro hedge funds led industry-wide gains in February, extending the strong start to 2022 by again posting negatively-correlated gains as financial market volatility surged across equity, fixed income, commodity, and currency markets as Russia invaded Ukraine. The HFRI 500 […]
Professional investors see bitcoin as a good hedge against inflation, says new study by Nickel
(Hedgeweek) Three in four professional investors (73 per cent) believe that because there are a finite number of bitcoins, the cryptocurrency is a viable asset to hedge against rising inflation. To read this article: