Category Archives: Syndicated
BlackRock: Lack of diversity, independence drove critical board votes
(Reuters) Top asset manager BlackRock said on Tuesday it voted against 10% of company directors this year, up from 8.5% last year, as part of a more muscular approach to corporate governance. To read this article:
Bill Ackman sees a massive economic boom despite the delta variant, says rates to rebound
(CNBC) Billionaire investor Bill Ackman said Monday that the spread of the delta variant doesn’t pose a significant threat to the economic reopening, and he sees interest rates rising on the back of the big comeback. To read this article:
Nearly $100 billion wiped off crypto market as bitcoin drops below $30,000
(CNBC) Bitcoin fell below $30,000 for the first time since Jun. 22 dragging other digital coins lower. About $98 billion was wiped off the entire cryptocurrency market in 24 hours as of 12:29 a.m. ET on Tuesday, according to CoinMarketCap […]
Professional investors say cryptocurrency boom has further to run
(Hedgeweek) Professional investors believe the boom in cryptocurrency trading has further to run with nearly one in three expecting the level of trading to increase dramatically over the next 12 months, new global research from blockchain-based derivatives trading platform CloseCross […]
UBS reports 63% jump in net profit to $2 billion, helped by ‘favorable’ market conditions
(CNBC) Swiss banking giant UBS has beaten second-quarter earnings expectations, reporting net profit attributable to shareholders of $2 billion. This is up from $1.23 billion reported for the same period last year, and significantly above analysts expectations of $1.34 billion […]
It’s official: The Covid recession lasted just two months, the shortest in U.S. history
(CNBC) The Covid-19 recession is in the books as one of the deepest — but also the shortest — in U.S. history, the official documenter of economic cycles said Monday. According to the National Bureau of Economic Research, the contraction […]
New generation of liquid alternative strategies has learned much from first wave
(Opalesque) Morningstar Manager Research has released the Global Liquid Alternatives Landscape report, which analyses alternatives’ recent underperformance and examines how investors should set future expectations using Morningstar’s 2021 redefined alternatives classifications. To read this article:
Billionaire Investor Tim Draper Continues to Stick to $250k BTC Prediction
(BTCManager) American venture capital investor and billionaire Tim Draper recently reaffirmed his bullish view on the future of bitcoin, saying that the premier cryptocurrency is poised to witness mainstream adoption as the number of users continues to swell. To read […]
Hedge Fund Trader Charged in Lucrative Front-Running Scheme
(HedgeCo.Net) The Securities and Exchange Commission today announced fraud charges against Sean Wygovsky, a trader at a major Canada-based asset management firm, in connection with a long-running and lucrative front-running scheme that Wygovsky perpetrated in the accounts of his close […]
Dow futures drop more than 100 points after major averages post first negative week in four
(CNBC) U.S. stock index futures were lower during overnight trading on Sunday, after the major averages posted their first negative week in four. Futures contracts tied to the Dow Jones Industrial Average slid 169 points. S&P 500 futures and Nasdaq […]
Wall St Week Ahead U.S. small caps waver as reflation trade wobbles
(Reuters) Expectations that the U.S. economic rebound will slow in the second half are weighing on small cap stocks, forcing fund managers to look for companies that could continue to profit in a lower growth environment. To read this article:
Earnings could be the biggest driver for markets in the week ahead as investors watch bonds
(CNBC) Stocks enter a busy week for earnings news with two perplexing questions hanging over the market. One is whether the big gains in corporate profits will start to boost stocks with solid earnings reports. That was not the case […]