Category Archives: Syndicated
Elon Musk says it’s more important for Tesla to make a robot than new car models this year
(CNBC) Tesla CEO Elon Musk said Wednesday on the company’s fourth-quarter earnings call that a humanoid robot is the “most important product” that Tesla is developing this year, putting it ahead of the much-hyped Cybertruck and other vehicles, including the […]
Bill Ackman buys Netflix stake worth $1.1bn after stock sell-off
(California News Times) Hedge fund billionaire Bill Ackman has bought a $ 1.1 billion stake in Netflix in an attempt to take advantage of a sharp sale that has nearly halved the market value of streaming companies in the past […]
Tesla beats on earnings and revenue, says supply chain issues were ‘main limiting factor’
(CNBC) Tesla reported fourth-quarter results that came in stronger than expected on Wednesday. Shares fell as much as 5% in extended trading on Wednesday after the automaker warned supply chain issues could persist throughout 2022, but later rebounded into slightly positive […]
Federal Reserve points to interest rate hike coming in March
(CNBC) Facing both turbulent financial markets and raging inflation, the Federal Reserve on Wednesday indicated it could soon raise interest rates for the first time in more than three years as part of a broader tightening of historically easy monetary […]
Here’s why Morgan Stanley is cutting its forecast for China’s first quarter GDP
(CNBC) The economic costs of China’s zero-Covid policy are increasingly expected to outweigh its benefits, according to U.S. investment bank Morgan Stanley. China’s zero tolerance for Covid leaves the country at a disadvantage compared to other countries with an endemic […]
Green energy stocks attract hedge fund short-sellers
(Hedgeweek) Sustainable energy stocks have attracted the interest of hedge fund short sellers, according to a report in the Financial Times, with managers betting that the prospect of interest rates rise will mean companies with strong environmental credentials but weak […]
North America dominates the family office market with more than 92,000 wealthy individuals
(Opalesque) North America holds nearly two-thirds of family offices globally, where investments are made through Single Family Office (SFO) and Multi-Family Office (MFO), said a study. North America dominates the family office market with more than 92,000 wealthy individuals. The […]
Microsoft beats on earnings and revenue, delivers upbeat forecast for fiscal third quarter
(CNBC) Microsoft reported better-than-expected earnings and revenue for the fiscal second quarter. The stock initially dropped in extended trading but turned positive after the company issued a sales forecast that also exceeded estimates. To read this article:
‘Take a chill pill, stay long’ — Anthony Scaramucci says bitcoin’s recent plunge won’t last
(CNBC) Buyers should cool off on cryptocurrency concerns and make some long-term investments instead, SkyBridge Capital’s Anthony Scaramucci told CNBC on Tuesday. Some people think bitcoin is “rat poison,” as billionaire investor Warren Buffett once described it; others think it’s […]
The Fed is likely to signal a March interest rate hike and that further policy tightening is coming
(CNBC) The Federal Reserve is expected to signal at its meeting this week that it is ready to raise interest rates as soon as March and that it will consider other policy tightening, reversing the easy policies it put in […]
Stock futures rise slightly after another wild ride on Wall Street, Fed meeting in focus
(CNBC) Stock futures rose slightly Tuesday night, following another wild session for the market. Dow Jones Industrial Average futures climbed 54 points, or 0.2%. S&P 500 futures rose 0.2%, and Nasdaq 100 futures gained 0.4%. Microsoft shares rose 2% in […]
Digital asset funds see inflows of USD14.4m
(CNBC) Digital asset investment products saw inflows totalling USD14.4 million last week, breaking the prior five-week run of outflows, according to the latest weekly Digital Asset Fund Flows Report from Coinshares. To read this article: