Category Archives: Syndicated
Earnings are the big catalyst for stocks in the week ahead, as Tesla and Netflix report
(CNBC) Stocks appear to have shaken off the often spooky trading pattern of October for now, and whether that continues could depend on earnings in the week ahead. Dozens of companies are reporting, from Netflix and Tesla to Intel, Procter […]
The first bitcoin futures ETF in the U.S. is set to begin trading in the week ahead
(CNBC) The bitcoin futures ETF from ProShares will begin trading in the week ahead, an amended filing from the company indicated late Friday, marking a milestone moment in the development of the crypto industry in the United States. To read […]
Bitcoin bull Mark Yusko sees trouble at $60,000, calls the cryptocurrency ‘overbought’ right now
(CNBC) A bitcoin bull is on pullback watch. Hedge fund manager Mark Yusko believes investors will take profits due to the cryptocurrency’s sharp rally over the last few weeks. “There are a lot of people that think we could hit […]
Saks Fifth Avenue e-commerce unit aims for IPO at $6 billion valuation
(Reuters) The e-commerce business of luxury department store Saks Fifth Avenue is preparing for an initial public (IPO) offering and targeting a $6 billion valuation, the Wall Street Journal reported Sunday, citing sources. To read this article:
Hedge funds count the cost of September slide
(Hedgeweek) Hedge funds’ overall momentum in 2021 has been halted, with managers across a range of strategy classes left counting the cost of September’s bumpy equity and credit market reversal, new industry data published this week shows. To read this […]
Private equity to attract most investments over next 12 months
(Opalesque) Alternative investors see continued opportunity within the private equity (PE) industry after a record-breaking year, as a survey revealed that half of the respondents (51%) expect PE to be the asset class LPs increase investment allocations the most over […]
Only half of U.S. institutional investors expect to meet target returns by 2025, says survey
(Opalesque) U.S. institutional investors representing more than $12 trillion in AUM in a recent survey said they anticipate downward pressure on their ability to outperform against their return targets and only half of them expressed confidence that they would meet […]
Apple has lost $229 billion in market cap since its September high — here’s what’s next
(CNBC) Apple shares bounced back Thursday, but losses since its record highs remain sharp. The stock has fallen 9% since that September peak, shedding roughly $229 billion in market cap. That’s equivalent to the market cap of 94% of the […]
Bank of America profit beats on strength across businesses
(Reuters) Bank of America Corp beat estimates for third-quarter profit on Thursday, boosted by strong growth across its businesses which executives said they expected to continue next quarter. To read this article:
U.S. banks beat profit estimates on economic rebound, deals bonanza
(Reuters) The four largest U.S. consumer banks posted another strong quarter this week as the rebounding economy allowed them to release more cash they had set aside for pandemic losses, while sizzling deals, equity financing and trading also boosted their […]
Harvard, world’s wealthiest university, sees endowment soar to $53.2 billion
(Reuters) Harvard University, already the wealthiest in the world, said on Thursday that its endowment made a 34% gain and swelled to $53.2 billion in the fiscal year that ended in June. Investments in private and public markets helped fuel […]
Fed says it could begin ‘gradual tapering process’ by mid-November
(CNBC) Federal Reserve officials could begin reducing the extraordinary help they’ve been providing to the economy by as soon as mid-November, according to minutes from the central bank’s September meeting released Wednesday. To read this article: