Category Archives: Syndicated
Top tech investor won’t put new money to work in Apple or other FAANG, blames chip shortage
(CNBC) Investor Paul Meeks warns Wall Street is underestimating the semiconductor shortage. He believes it’ll take years instead of months to get resolved. “This might be a problem that persists deep into 2023,” the Independent Solutions Wealth Management portfolio manager […]
BlackRock Says Insurers plan to ramp up private market investments,
(Reuters) Charles Hatami, global head of the financial institutions group at the world’s largest asset manager, described the trends in an interview with Reuters on Friday, based on a survey of 362 insurance executives running a collective $27 trillion in […]
Swoon begone! Hedge funds return to winning ways with 1.68% gain in October
(Opalesque) The hedge fund industry shook off September’s swoon in October, posting a 1.68% return for the month, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions. By comparison, the S&P 500 Total Return […]
Current state of SMA environment within hedge fund market
(Opalesque) SMAs are vehicles that follow the principles of hedge fund investing but are tailored to a single client rather than a pool of investors. Offering SMAs to investors has been growing in importance as a competitive necessity among hedge […]
Stock futures rise slightly as Wall Street looks to avoid losing week amid high inflation
(CNBC) Stock futures moved slightly higher early Friday morning as Wall Street looked to end the week on a positive note after a historic inflation report. Futures contracts tied to the Dow Jones Industrial Average ticked up 24 points. Those […]
Rivian founder R.J. Scaringe is worth $2.2 billion after his company’s two-day IPO pop
(CNBC) After its first two days of trading in 2010, electric vehicle maker Tesla had a market cap of just over $2 billion. R.J. Scaringe, the CEO of EV manufacturer Rivian, is worth that much on his own after his […]
Alibaba, JD smash Singles Day record with $139 billion of sales and focus on ‘social responsibility
(CNBC) Chinese e-commerce giants Alibaba and JD.com set new sales records across their platforms on Singles Day, the largest shopping event in the world. Shares of JD were up about 4.6% in afternoon trade in Hong Kong on Friday while […]
Nasdaq rebounds after inflation-driven sell-off, Disney weighs on the Dow
(CNBC) The Nasdaq Composite rebounded Thursday after hot inflation data and surging bond yields sparked a sell-off in technology stocks in the previous session. The tech-heavy Nasdaq gained 0.5% to close at 15,704.28. The S&P 500 closed marginally higher at […]
Fuel, housing costs boosted October’s inflation. Here’s what it means for the Fed’s stance on interest rates
(CNBC) October’s surge in consumer prices was driven by some factors that may linger. Market pros say the Federal Reserve may be forced to move up the timeline on its ultimate inflation-fighting tool: interest rate hikes. The consumer price index […]
Elon Musk sells around $5 billion of Tesla stock
(CNBC) Tesla CEO Elon Musk sold nearly $5 billion in Tesla stock, according to financial filings out Wednesday evening. He still holds more than 166 million shares. To read this article:
Disney earnings miss across the board with slowing streaming growth
(CNBC) Disney reported fiscal fourth-quarter earnings on Wednesday after-the-bell. The company missed Wall Street estimates across the board during the quarter ended Oct 2., sending the stock down more than 4% in after-hours trading. To read this article:
Goldman Sachs bets on inflation-linked trades as the big winners for 2022
(Reuters) From oil to currencies to interest rate swaps, one of the world’s top investment banks is betting on inflation to be the biggest generator of market returns in 2022. In its widely anticipated top trading ideas for next year, […]