Category Archives: Syndicated
As Warren Buffett turns 91, the legendary investor prepares Berkshire Hathaway for a new economy
(CNBC) Before turning 91 on Monday, Warren Buffett has been taking steps to make sure that Berkshire Hathaway — and his eventual successor — will be better positioned to benefit from a technology-driven economy. To read this article:
Recovery for Bernard Madoff customers bolstered by Citigroup ruling, trustee’s lawyer says
(FOX Business) A U.S. appeals court said the trustee liquidating Bernard Madoff’s firm can pursue a $343.1 million clawback lawsuit against Citigroup Inc, a decision that could help the late swindler’s customers recover close to the estimated $17.5 billion they […]
Global fintech market size to grow a CAGR of 8.5% to reach $191bn in 2028
(Opalesque) The global fintech market size was USD 100.09 billion in 2020 and is expected to register a revenue CAGR of 8.5% to reach USD 190.80 billion during 2021 – 2028, boosted by rising demand for digitization in organizations. To […]
A key jobs report in the week ahead could drive the next big market move
(CNBC) With Jackson Hole in the rear-view mirror, August’s employment report this week could be the next driver for markets. Stocks gained in the past week, surging again to new highs Friday after a speech by Federal Reserve Chairman Jerome […]
Stock futures are flat as S&P 500 and Nasdaq sit at a record
(CNBC) U.S. stock futures were steady in overnight trading on Sunday as investors readied for the final trading days of August. Dow futures rose just 11 points. S&P 500 futures were little changed and Nasdaq 100 futures traded around the […]
Emerging markets hedge funds extend strong gains through mid-year 2021
(Opalesque) Emerging Markets (EM) hedge funds, led by funds investing in India, Russia, China, and the Middle East extended strong gains through mid-year 2021 as EM hedge fund capital eclipsed another record, with performance again topping gains in EM regional […]
Hedge funds and private equity improve ESG focus yet face differing reporting and monitoring challenges
(Hedgeweek) Hedge funds and private equity are both improving their transparency over ESG. However, while on the private equity side, ESG is more seen as an investment opportunity, complexities remain on the hedge fund side around issues of reporting and […]
Tim Cook receives over five million shares of Apple stock worth $750 million
(CNBC) Apple CEO Tim Cook received more than five million shares of Apple stock this week, selling most of the stock for more than $750 million, according to an SEC filing posted by Apple on Thursday. The tranche of stock […]
The pressure is on for Powell and the Federal Reserve to manage the exit from ultra-easy policies
(CNBC) For the Federal Reserve, implementing the easiest monetary policy in the institution’s history was tough enough. Getting out will be no treat, either. That is what the central bank faces on its road ahead. Investors today will hear more […]
Stock futures are flat ahead of Fed’s Jackson Hole symposium
(CNBC) Stock futures are flat in overnight trading Thursday ahead of the Federal Reserve’s annual Jackson Hole symposium with investors looking for more details into the central bank’s plans to taper monetary stimulus. Futures on the Dow Jones Industrial Average […]
U.S. corporate profits soar in second quarter; economic growth raised
(Reuters) U.S. corporate profits surged to a fresh record high in the second quarter, boosted by robust demand and higher prices, suggesting that an anticipated slowdown in economic growth this quarter because of soaring COVID-19 cases could be temporary. To […]
Multi-strategy investor flows top net $5bn during July
(Opalesque) Multi-strategy performance took a hit in July, down 1.1%, but continues to hold up well in 2021. The HFM Multi-strategy Index was up 9.1% YTD through July, slightly trailing the event-driven and L/S equity indices, but ahead of the […]