Category Archives: Syndicated
Buckle your seatbelts’ because earnings will start to disappoint, long-term bull Art Hogan warns
(CNBC) Earnings season may turn an ugly corner. Long-term bull Art Hogan warns a storm of disappointing corporate guidance and missed revenue targets is ahead. “Buckle your seatbelts,” the National Securities’ chief market strategist told CNBC’s “Trading Nation” on Friday. […]
Fed’s Bostic sees interest rate hike coming next year as inflation lingers
(CNBC) Atlanta Federal Reserve President Raphael Bostic said Thursday that he sees an interest rate hike coming later in 2022 as he forecasts a growing economy and lasting inflation pressures. The central bank official told CNBC that he has “penciled […]
China Evergrande set to avert default as property developer reportedly pays off bond interest
(CNBC) Evergrande has remitted the funds for a key interest payment that was due Sept. 23 — ahead of a 30-day grace period that ends Saturday, according to Chinese state media Securities Times. That will allow the indebted Chinese property […]
Fed to ban policymakers from owning individual stocks, restrict trading following controversy
(CNBC) Responding to a growing controversy over investing practices, the Federal Reserve announced Thursday a wide-ranging ban on officials owning individual stocks and bonds and limits on other activities as well. To read this article:
Hedge funds score unprecedented gains on Trump’s SPAC deal
(Reuters) Hedge funds that invested in the blank-check acquisition company that made a $875 million deal to merge with former U.S. President Donald Trump’s new social media venture are set to make five times their investment, regulatory filings show. To […]
Goldman Sachs wants to build an investor-friendly SPAC business following market bust
(CNBC) Goldman Sachs just closed its second billion-dollar blank-check deal ever as the Wall Street firm seeks to change the struggling SPAC market by building a sustainable franchise that aligns investor interests with insiders. To read this article:
China Evergrande shares briefly plunge more than 10%, after $2.6 billion asset sale falls through
(CNBC) China Evergrande shares briefly dropped more than 10% in opening trade on Thursday, after a deal to sell some of its assets to Hopson Development Holdings fell through. Hopson shares traded more than 5% higher, while Evergrande Property Services […]
Bitcoin jumps to new high above $66,000 after landmark U.S. ETF launch
(CNBC) Bitcoin notched a fresh all-time high Wednesday as investors cheered the successful launch of the first U.S. bitcoin futures exchange-traded fund. The world’s largest cryptocurrency climbed 3.9% to $66,398.25 by 4 p.m. ET, according to Coin Metrics. The coin […]
Tesla posts record revenue and profits in third quarter
(CNBC) Tesla reported third-quarter earnings after the bell Wednesday, and it’s a beat on both the top and bottom lines. The company’s stock dropped by 1.5% after hours. Here are the results. To read this article:
Fixed-income titan Pimco is starting to embrace cryptocurrencies, CIO says
(CNBC) Fixed-income giant Pimco has dabbled in cryptocurrencies and plans to gradually invest more in digital assets that have the potential to disrupt the financial industry, according to chief investment officer Daniel Ivascyn. “Now we’re looking at potentially trading certain […]
Hedge fund TCI up 17% over first nine months Of 2021, helped by CN Rail stake
(Reuters) Chris Hohn’s hedge fund firm TCI Fund Management rose over 17% in the first nine months of year, a source close to the firm told Reuters on Wednesday, as the activist investor benefited from its stake in Canadian National […]
Top 500 global money managers see assets grew 14.5% to hit record $119.5tn
(Opalesque) The 500 largest global money managers in 2020 grew their combined assets under management 14.5% to $119.5 trillion, while boosting revenue, said the study. According to new research from Willis Towers Watson’s Thinking Ahead Institute, the growing concentration among […]