Category Archives: Syndicated
Steve Cohen-backed start-up bets on 24-hour trading so investors can react instantly to tweets
(CNBC)Hedge-fund billionaire and NY Mets owner Steve Cohen has invested in a crypto start-up that aims to launch a stock exchange with 24-hour trading. Cohen’s venture-capital fund Point72 Ventures is leading a $14 million funding round for 24 Exchange, a Bermuda-based […]
Bitcoin holds steady below $50,000 in volatile weekend trading
(CNBC) Bitcoin prices bounced around on Sunday but remained below $50,000, with the volatility continuing a weekend of wild trading that sent the cryptocurrency tumbling more than 17% in just 24 hours. The cryptocurrency traded at $49,122 around 5 p.m. […]
More turbulence could be ahead for stocks as investors weigh omicron and the Fed’s next steps
(CNBC) Volatility could continue to plague markets after a week of violent swings that sent many stocks plummeting. In the week ahead, investors await more news on the omicron Covid variant and another inflation report Friday that is expected to […]
Hedge fund flows rebound in October, as new data suggests growing capital concentration
(Opalesque) Investors poured more than $7 billion of new capital into hedge funds globally in October, the strongest capital inflows recorded in more than a decade for what is a traditionally quiet month for industry coffers – but there are […]
Elon Musk exercises more options, sells Tesla shares worth $1.01 billion
(CNBC) Tesla Chief Executive Elon Musk has sold another 934,091 shares of the electric vehicle maker worth $1.01 billion to meet his tax obligations related to the exercise of options to buy 2.1 million shares, regulatory filings showed on Thursday. To […]
Nvidia’s $40 billion Arm acquisition is now ‘highly unlikely’ to go through, analyst says
(CNBC) Nvidia’s $40 billion acquisition of U.K. chip designer Arm is looking increasingly unlikely to go through, according to Gartner semiconductor analyst Alan Priestley. The deal is facing a growing number of regulatory probes around the world, Priestley said, pointing […]
Fed’s inflation pivot could be catastrophic for stocks, fund manager says
(CNBC) Federal Reserve Chairman Jerome Powell’s retirement of the term “transitory” to describe inflation could have an unexpectedly bleak knock-on effect on risk assets, according to Cole Smead, president and portfolio manager at Smead Capital Management. To read this article:
Stock futures muted ahead of November jobs report as omicron concerns loom; Didi announces plan to delist
(CNBC) Stock futures were little changed in early morning trading Friday ahead of the November jobs report as the market nears the end of a roller-coaster week driven by Covid omicron variant developments. Futures on the Dow Jones Industrial Average […]
Hiring was likely strong and employers boosted wages in November, economists say
(CNBC) Job growth is expected to have been strong in November, and employers likely continued to boost wages to attract and retain workers in an incredibly tight labor market. Economists expect 573,000 jobs were created last month, up from 531,000 […]
DocuSign plunges almost 30% after e-signature company issues weak fourth-quarter guidance
(CNBC) DocuSign shares plummeted by almost 30% in extended trading on Thursday after the developer of e-signature software provided a forecast for the end of the year that missed analysts’ estimates. Fourth-quarter revenue will come in at between $557 million […]
Hedge Funds Bail From Stocks as Powell, Covid Roil Markets
(Bloomberg) Add professional traders to the ranks of investors bailing from stocks as anxiety over the omicron variant and monetary policy roil markets. Hedge funds, which use borrowed money to amplify returns, have gone risk-off in a major way just […]
Dow futures rise 200 points after sell-off prompted by first U.S. omicron case
(CNBC) U.S. stock index futures rose in early morning trading on Thursday, following a Wednesday tumble on Wall Street after the CDC confirmed the first known case of the omicron variant in the U.S. Futures contracts tied to the Dow […]