Category Archives: Syndicated
Shares of semiconductor giant Samsung rise after it says third-quarter profit likely rose 28%
(CNBC) Samsung Electronics shares edged higher on Friday after the company said its operating profit for the quarter that ended in September was likely 28% higher than a year ago at 15.8 trillion Korean won ($13.26 billion). That’s set to […]
Fed’s Mester says U.S. inflation mostly driven by pandemic-related factors
(Reuters) Both supply-side and demand-side factors are contributing to U.S. inflation right now, but most of the current price changes may be driven by pandemic-related shifts that could subside over time, Cleveland Federal Reserve Bank President Loretta Mester said on […]
Global asset management industry AUM reaches an all-time high at $115tn
(Opalesque) Based on sheer growth in assets under management (AUM), 2020 was the second-best year since the financial crisis, and the global asset management industry reached an all-time high of $115 trillion (a 9.4% increase from $104 trillion at the […]
Fixed income hedge fund leads gains in September as interest rates rise
(Opalesque) Hedge funds gained in September, navigating a volatile month paced by sharp declines in global equities and fixed income, as inflationary pressures continued to mount. The HFRI Fund Weighted Composite Index (FWC) advanced +0.13 percent in September, topping declines […]
Institutional investors increase private markets allocations
(Opalesque) Institutional investors are sticking with private market allocations despite rising uncertainty over inflation according to a new report from Eaton Partners. The latest “Eaton Partners LP Pulse Survey” questioned leading limited partners (LPs) from around the world about their […]
Senate GOP leader McConnell offers short-term debt ceiling extension following pressure from Biden
(CNBC) Senate Minority Leader Mitch McConnell on Wednesday offered a short-term suspension of the U.S. debt ceiling to avert a national default and economic crisis until Democrats are able to pass a more permanent solution before the end of the […]
Elliott pushes for sale of Healthcare Trust of America
(Reuters) Activist investor Elliott Investment Management is pushing to launch a strategic review of Healthcare Trust of America that could involve a sale of the real estate investment trust, Bloomberg News reported here, citing people familiar with the matter. To […]
Bitcoin bounces back above $55k, but trader has his eye on two other cryptocurrencies
(CNBC) Bitcoin just made a major comeback. The cryptocurrency rallied on Wednesday, topping $55,000 and hitting its highest level since mid-May. Regulatory fears have eased this week after both Treasury Secretary Janet Yellen and SEC chair Gary Gensler said they […]
Stock futures are higher after investors’ debt ceiling concerns dwindle
(CNBC) U.S. stock futures edged higher Wednesday night after the Dow Jones Industrial Average reclaimed a 459-point loss from earlier in the day as investor concerns about a debt ceiling deal eased. Dow Jones Industrial Average futures rose 181 points. […]
Tesla faces investor test after big jury award over racism
(Reuters) A contract worker has won a $137 million jury award over workplace racism against Tesla Inc, raising pressure on the electric vehicle maker whose shareholders will vote on Thursday on a proposal to review how it addresses similar complaints […]
Bank of America offers $200 to vaccinated Merrill staffers going to office
(Reuters) Bank of America Corp will pay out $200 awards to its employees at Merrill Lynch Wealth Management who have been fully vaccinated and going to office regularly, according to a memo shared with Reuters on Wednesday. To read this […]
U.S. faces a recession if Congress doesn’t address the debt limit within 2 weeks, Yellen says
(CNBC) Treasury Secretary Janet Yellen on Tuesday said she believes the economy would fall into a recession if Congress fails to address the federal government’s borrowing limit before an unprecedented default on the U.S. debt. To read this article: