Category Archives: Syndicated
Yellen says she has discussed Fed chair with Biden, praises Powell for doing a ‘good job’
(CNBC) Treasury Secretary Janet Yellen said she has discussed with President Joe Biden how he should proceed on naming a Federal Reserve chairman and praised the current holder of the position. She did not disclose any specific plans Biden has, […]
Crypto asset management market to grow 21.5% to reach $1.2 bn by 2026
(Opalesque) The global crypto asset management market size is projected to grow from $0.4 billion in 2021 to $1.2 billion by 2026, at a compound annual growth rate (CAGR) of 21.5% during the forecast period. According to a report by […]
Goldman Sachs brings forward U.S. rate hike projection by a year
(Reuters) Goldman Sachs has brought forward its forecast by a year to July 2022 for the first post-pandemic U.S. interest rate hike, as the investment bank expects inflation to remain elevated. “The main reason for the change in our liftoff […]
BlackRock hires Joele Frank’s Roe as stewardship head for the Americas-
(Reuters) BlackRock has hired a senior executive from communications and investor relations firm Joele Frank to lead its investment stewardship team in the Americas, which oversees the asset manager’s interactions with hundreds of U.S. companies. John Roe will join as […]
Amazon-backed EV start-up Rivian plans to price shares up to $62, putting valuation near $55 billion
(CNBC) Electric vehicle start-up Rivian Automotive is targeting a market valuation of as much as $54.6 billion in its upcoming initial public offering, according to its amended prospectus filed Monday. The company said it plans to offer 135 million shares […]
Bill Ackman calls for the Fed to start raising interest rates ‘as soon as possible’
(CNBC) Billionaire hedge fund manager Bill Ackman called Friday for the Federal Reserve to begin reining in the support it has provided for the U.S. economy during the coronavirus pandemic. In separate tweets, the head of Pershing Square Holdings, with […]
Stock futures rise slightly ahead of first trading day of November, as investors await key Fed meeting
(CNBC)U.S. stock futures rose slightly in overnight trading on Sunday as investors readied for the first trading of November. Market participants are gearing up for another week of corporate earnings, a key Federal Reserve meeting on Wednesday and October’s jobs […]
Market’s biggest bull sees year-end rally, but warns it’s setting up Wall Street for a scare next year
(CNBC) Chris Harvey’s reign as the year’s biggest bull won’t extend into next year. The Wells Fargo Securities head of equity strategy, whose 2021 S&P 500 target is 4,825, predicts Wall Street will stage a vibrant year-end rally and then […]
CTAs on track to finish October with a flourish
(Reuters) CTAs and trend-following hedge funds have strengthened their returns as October draws to a close, with recent gains pushing the sub-sector’s year-to-date returns further into double-digit territory. To read this article:
T. Rowe Price to buy alternative investment firm Oak Hill in $4.2 bln deal
(Reuters) Asset management firm T Rowe Price on Thursday agreed to buy fund manager Oak Hill Advisors in a $4.2 billion deal as it looks to expand its footprint in the alternative investments market. To read this article:
Apple sales miss expectations, Tim Cook says supply issues cost company $6 billion
(CNBC) Apple revenue fell short of Wall Street expectations in its fiscal fourth quarter on Thursday, which Apple CEO Tim Cook attributed to larger-than-expected supply constraints on iPhones, iPads, and Macs. Apple fell under 3% in extended trading. “We had a very strong […]
Amazon badly misses on earnings and revenue, gives disappointing fourth-quarter guidance
(CNBC) Amazon shares dropped more than 4% in extended trading on Thursday after the company reported weaker-than-expected results for the third quarter and delivered disappointing guidance for the critical holiday period. To read this article: