Category Archives: Syndicated
Market may be in the ‘biggest bubble of my career,’ all-star investor Rich Bernstein warns
(CNBC) An Institutional Investor Hall of Famer sees an urgent need for investors in some of the most popular trades to diversify. Rich Bernstein, who has spent decades on Wall Street, is waving the red flag on long-duration assets ranging […]
Investors brace for increased foreign exchange volatility
(Hedgeweek) Professional investors are forecasting increased volatility and trading across the foreign exchange markets, new global research from blockchain-based derivatives trading platform CloseCross shows. To read this article:
Stock futures are flat after Dow closes at record Friday
(CNBC) Stock futures were flat in overnight trading Sunday after the Dow Jones Industrial Average notched a record close Friday following a stronger-than-expected jobs report. Futures on the Dow added 2 points, or 0.01%. S&P 500 futures edged 0.06% lower […]
Berkshire Hathaway’s operating earnings jump 21% as recovering economy boosts railroad, energy units
(CNBC) Berkshire Hathaway’s operating income continued to rebound as its myriad of businesses from energy to railroads benefited from the economic reopening. The conglomerate reported operating earnings of $6.69 billion in the second quarter, up 21% from $5.51 billion in […]
Strong jobs report is not a game changer for Fed policy, Wells Fargo suggests
(CNBC) The latest jobs report may not be a game changer for the Federal Reserve’s easy money policies. According to Wells Fargo Securities’ Michael Schumacher, it’s premature to assume July’s strong numbers will push the Fed meaningfully closer to tapering […]
There are about 1 million more job openings than people looking for work
(CNBC) Employers in the U.S. face an interesting challenge ahead – how to fill nearly 10 million job openings with about a million fewer workers than there are positions available. To read this article:
Robinhood shares dive 27.6%; filing sparks worries early investors could sell
(Reuters) Shares of Robinhood Markets Inc (HOOD.O) tumbled on last week snapping a four-day winning streak, after the newly public online brokerage said early investors may sell nearly 98 million shares. Robinhood’s shares finished down 27.6% at $50.97 a day […]
SEC Obtains Default Judgment Against Hacker and Trader in Edgar Hacking Case
(HedgeCo.Net) The United States District Court for the District of New Jersey entered a default judgment against Oleksandr Ieremenko and Andrey Sarafanov, who were charged in connection with a scheme to trade on nonpublic earnings information hacked from the SEC’s […]
Alternative investment secondary markets rebound in 1H, 2021
(Opalesque) Completed transactions on the alternative investment secondary markets rebounded in the first half of 2021, up 171.7% from the first half of the previous year, said a study. To read this article:
JPMorgan, led by bitcoin skeptic Jamie Dimon, quietly unveils access to a half-dozen crypto funds
(CNBC) With little fanfare, JPMorgan Chase has started giving its wealth management clients access to six crypto funds in the past month. On Thursday, financial advisors were allowed to begin placing private bank clients into a new bitcoin fund created […]
Friday’s jobs report is a wild card, with economists’ estimates all over the map
(CNBC) The economy is expected to have added about 845,000 payrolls in July, according to Dow Jones consensus estimate, as America’s workforce gradually rebuilds from its sharp pandemic-induced job losses. But the uncertainty of Covid — spreading again at a […]
Brandywine Global acquires Diamond Hill’s high yield-focused funds and adds portfolio management team
(Opalesque) Brandywine Global Investment Management, LLC, a specialist investment manager and subsidiary of Franklin Resources, Inc. has completed its acquisition of the business of Diamond Hill’s high yield-focused U.S. corporate credit mutual funds. To read this article: