Category Archives: Syndicated
If Biden picks Brainard over Powell for Fed chief, expect an immediate market impact
(CNBC) If Lael Brainard is named Federal Reserve chair, the first move by financial markets may be to price in an even more dovish central bank. That means the Fed would be expected to take longer to raise interest rates […]
Institutional investors losing trust in companies’ ESG and net zero commitments
(Opalesque) 86% of U.S. institutional investors believe that companies frequently overstate or exaggerate their ESG progress when disclosing results, and 72% of investors globally don’t believe companies will achieve their ESG commitments, said a study. A survey released by Edelman […]
Global exchange-traded products enjoy $1tn net inflows so far this year
(Opalesque) Exchange-traded products (ETPs) listed globally, including exchange-traded funds (ETFs), gathered more than $1 trillion in net inflows this year through October, helping to propel assets to a record of just under $10 trillion. According to the ETFGI report, ETFs […]
Cisco reports disappointing revenue and issues forecast that misses estimates
(CNBC) Cisco shares tumbled as much as 8% in extended trading on Wednesday after the computer networking company reported quarterly revenue that fell short of analysts’ expectations and issued weaker-than-expected guidance. Here’s how the company did in its fiscal first […]
Pandemic puts cybersecurity and succession planning at the heart of due diligence process
(Hedgeweek) This year’s Hedgeweek LIVE European Emerging Managers Summit examined how start-up funds can best organize their approach to operational due diligence, with attendees hearing how cybersecurity and succession planning have emerged as key considerations as a result of the […]
Nvidia data center sales grew 55% on demand for artificial intelligence chips
(CNBC) Nvidia stock rose more than 5% in extended trading after it reported earnings on Wednesday for its third fiscal quarter that beat expectations for both earnings and sales. To read this article:
Stocks slip despite strong retail earnings, Visa drags Dow lower
(CNBC) U.S. stocks took a dip on Wednesday as investors weighed a continuation of strong earnings reports from big-box retailers against lingering inflation concerns. The Dow Jones Industrial Average fell 211.17 points, or 0.5%, and sat about 1.7% from its […]
Text-checking software maker Grammarly is worth $13 billion in latest funding round
(CNBC) Grammarly, a start-up whose software highlights issues as people write in its web app and other programs, said Wednesday that it sports a $13 billion valuation after taking on $200 million in new funding from Baillie Gifford, General Catalyst, […]
Sharp swings in EV shares draws frenzied options trading
(Reuters) Traders are piling into options trades on electric-vehicle makers, drawn by sharp swings in the shares of companies like Tesla Inc, Rivian Automotive and Lucid Group. To read this article:
Wall Street workers set for highest bonuses since 2009
(Reuters) Year-end bonuses for Wall Street staffers are set to be the highest since 2009 this year, with investment bankers and equities traders in line for the biggest bonuses, compensation firm Johnson Associates Inc said on Tuesday. Overall, incentives at […]
EV start-up Lucid’s market value blows past Ford at more than $89 billion as shares skyrocket
(CNBC) Lucid Group’s market value blew past Ford Motor on Tuesday to $89.9 billion following a 24% runup in the EV start-up’s stock price after executives told investors that reservations for its first vehicles had jumped and that its production […]
Qualcomm hits record high after it tells investors it will grow without Apple
(CNBC)Qualcomm stock closed up 7.9% on Tuesday after it issued bullish forecasts at an investor’s conference in New York and said that its growth doesn’t rely on a relationship with any single customer, such as its modem chip sales to […]