Category Archives: Syndicated
Oracle’s Larry Ellison makes biggest deal ever, but he’s buying profit over growth
(CNBC) In his 44 years running Oracle, Larry Ellison has never spent this kind of money. Not even close. Oracle’s announcement on Monday that it’s buying medical software vendor Cerner for $28.3 billion is monumental for a company that was […]
M&A deals in the crypto and blockchain sector soar by 130% this year
(opalesque) The number of mergers and acquisitions in the crypto and blockchain sectors more than doubled in 2021, and transaction volume boomed to more than $6 billion, said a study. That growth represents roughly a 130% increase in M&A activity […]
Rise of alternative data could be a boon, not a bust, for hedge funds, says study
(Hedgeweek) Despite concerns that alternative data could spell the demise of those funds unable to keep up with the diverse skills required to interpret it, new research suggests the opposite scenario is more likely, with funds and alternative data sellers […]
Stock futures rise following a losing day as the omicron variant keeps investors on edge
(CNBC) Stock futures climbed in overnight trading Monday following a broad sell-off amid fears about the fast-spreading Covid omicron variant. Futures on the Dow Jones Industrial Average gained 140 points, S&P 500 futures rose 0.4% and Nasdaq 100 futures added […]
U.S. Treasury yields rise slightly as investors assess omicron risk
(CNBC) U.S. Treasury yields rose slightly on Monday, as investors grew concerned that that omicron Covid variant will derail the recovery. The yield on the benchmark 10-year Treasury note rose 2.6 basis points to 1.428% at around 4:30 p.m. ET. […]
Stocks slide to start the week as omicron fears intensify, Dow falls 430 points
(CNBC) The major averages fell on Monday as investors grappled with the resurgence of Covid cases spurred from the newfound omicron variant. The Dow Jones Industrial Average dropped 433.28 points to 34,932.16, dragged down by losses in Boeing, Goldman Sachs […]
Elon Musk says he will pay over $11 billion in taxes this year
(CNBC) Elon Musk faces a hefty tax bill this year — possibly the biggest in U.S. history. “For those wondering, I will pay over $11 billion in taxes this year,” the Tesla CEO tweeted on Monday. To read this article:
Digital assets investment products see largest weekly outflows on record of USD142m
(Hedgeweek) Digital asset investment products saw outflows totalling USD142 million last week, the first outflow following a 17 week run of inflows, according to the latest CoinShares Digital Asset Fund Flows Weekly report. To read this article:
The U.S. government has a massive, secret stockpile of bitcoin — Here’s what happens to it
(CNBC) For years, the U.S. government has maintained a side hustle auctioning off bitcoin and other cryptocurrencies. Historically, Uncle Sam has done a pretty lousy job of timing the market. The 500 bitcoin it sold to Riot Blockchain in 2018 […]
Stock futures drop in early morning trading ahead of holiday-shortened week
(CNBC) Stock futures were lower in early morning trading Monday following a losing week as investors continued to grapple with the resurgence of Covid cases and an upcoming shift in the Federal Reserve’s easy monetary policy. Futures on the Dow […]
Market turbulence may be a theme in the holiday week as investors fret over omicron, the Fed
(CNBC) Stocks could be volatile in the coming week, with thin volume exaggerating moves in both directions ahead of the Christmas holiday. The market was whipsawed in the past week, with the Nasdaq down about 2.9% since Monday and lagging […]
Raising rates would be a positive event for the U.S. economy, New York Fed’s Williams says
(CNBC) The Federal Reserve raising interest rates next year would signal the central bank feels good about the country’s economic recovery, New York Fed President John Williams said Friday. “I go into next year feeling [like] the baseline outlook is […]