Category Archives: Syndicated
Snowflake stock soars on strong revenue and Q4 guidance
(CNBC) Shares of the Snowflake data-analytics software company were up more than 13% on Wednesday after it released third-quarter earnings that surpassed analyst expectations for revenue and provided strong product revenue guidance. To read this article:
Trading platform raises $20m to bring crypto investing to mobile users
(Reuters) Global trading platform Structure, which aims to facilitate crypto-based lending and investing for mobile phone users, said on Wednesday it has raised $20 million in capital from investors and from a private sale of its digital currency $STXR. To […]
Four out of Five Crypto Traders Say They Make Money
(Opalesque) A study among crypto traders across six major economies who stake at least $5,000 a month, found 83% say they make money on their trading with 28% saying they have made a lot of money. The research by CloseCross […]
Venture capital can be a diversifier, but many investors are still underweight
(Opalesque) New research from Hardman & Co suggests that retail investors could benefit from adding venture capital to portfolios at a higher weighting than previously considered. Venture capital is often included in an alternatives sleeve accounting for 5-20% of an […]
Trend-following hedge funds’ momentum halted following market wobble
(Hedgeweek) CTAs and trend-following hedge funds have seen their recent advance halted, as anxieties over the new Omicron variant of Covid-19 punctured market momentum towards the end of last month. To read this article:
Scaramucci Fund Boosted Crypto Exposure by 150% in Third Quarter
(Bloomberg) Anthony Scaramucci’s flagship vehicle for investing in hedge funds increased its exposure to crypto-related assets by almost 150% during the third quarter. To read this article:
Hedge fund advanced in October with CTA funds in the lead supported by higher commodity prices
(Opalesque) Hedge fund managers ended the month of October up 1.35% on an equal-weighted basis, and up 0.89% on an asset-weighted basis, said Eurekahedge. Risk assets rallied during the month driven by strong corporate earnings, a continuation of accommodative monetary […]
Dow drops 650 points on growing omicron fears, Powell taper comments
(CNBC) Stocks tumbled Tuesday, reversing Monday’s rebound on Wall Street, as investors reassessed risks associated with the new Covid variant, omicron. Major averages dropped to their session lows after Federal Reserve Chairman Jerome Powell said the central bank will discuss […]
Why Apple was the only tech stock that went up on Tuesday
(CNBC) Apple stock closed up 3.1% on Tuesday as other stocks tumbled on concerns of the new omicron Covid variant, showing investors see the company as a safe haven during market uncertainty. Other large-cap tech stocks like Google, Amazon, Meta […]
Salesforce promotes Bret Taylor to co-CEO alongside Benioff
(CNBC) Salesforce on Tuesday promoted Bret Taylor to the role of co-CEO, alongside Marc Benioff, who co-founded the company in 1999. Taylor, 41, joined Salesforce in 2016, through the $412 million acquisition of his productivity software start-up Quip, which he […]
Cathie Wood’s ARK buys a million Twitter shares after Dorsey steps down
(Reuters) Cathie Wood’s ARK Investment Management bought more than a million shares of Twitter Inc (TWTR.N), a day after Jack Dorsey stepped down as the chief executive of the social networking site. ARK acquired 1.1 million Twitter shares worth $48.9 […]
Powell to tell Senate omicron variant poses downside risk to economy, complicates inflation picture
(CNBC) Federal Reserve Chairman Jerome Powell believes that the omicron variant of Covid-19 and a recent uptick in coronavirus cases pose a threat to the U.S. economy and muddle an already-uncertain inflation outlook. “The recent rise in COVID-19 cases and […]