Category Archives: Syndicated
BlackRock outlines investment push into private markets
(Reuters) BlackRock Inc (BLK.N), the world’s largest asset manager, is pushing more aggressively into private market investments, the firm detailed at an investor presentation on Thursday. Since interest rates were slashed to near-zero across the globe at the start of […]
Fed balance sheet tops $8 trillion for first time
(Reuters) The Federal Reserve’s balance sheet topped $8 trillion for the first time, weekly data published on Thursday by the U.S. central bank on its holdings showed. At $8 trillion, the Fed’s stash of assets has roughly doubled since it […]
Consumer prices jump 5% in May, fastest pace since the summer of 2008
(CNBC) Consumer prices for May accelerated at their fastest pace in nearly 13 years as inflation pressures continued to build in the U.S. economy, the Labor Department reported Thursday. The consumer price index, which represents a basket including food, energy, […]
Hot inflation may have become scorching in May and is expected to hit a 28-year high
(CNBC) Inflation has been warming up this spring, and it’s expected to hit historical levels for the month of May. The consensus forecast for the core consumer price index, which excludes food and energy, is 3.5% on a year-over-year basis, […]
Emerging market hedge funds outperformed their developed market counterparts in May
(Opalesque) The Eurekahedge Hedge Fund Index was up 1.10% in May 2021, supported by the robust performance of the global equity market as represented by the MSCI ACWI (Local) which gained 0.83% over the same period. Headline inflation rose to […]
Hedge Funds Traverse Volatility and Inflation With Biggest Jan-to-May Returns in 25 years
(Hedgeweek) Hedge funds are stacking up gains this year as shuttered economies continue to unlock, with the industry navigating volatility and inflation to score its best January-to-May performance in two-and-a-half decades. To read this article:
Bezos, Buffett, Bloomberg, Musk, Icahn and Soros pay tiny fraction of wealth in income taxes,
(CNBC) Some of the world’s richest men — Jeff Bezos, Elon Musk, Warren Buffett, Carl Icahn, Michael Bloomberg and George Soros — pay just a tiny fraction of their increasing wealth in taxes, and in some cases pay no taxes […]
Bitcoin falls after U.S. seizes most of Colonial ransom
(CNBC) Bitcoin’s price slipped again in the past 24-hours amid a brutal sell-off among digital currencies. The reason for the move was unclear, however it may be related to concerns over security of the cryptocurrency after U.S. officials managed to […]
Warren Buffett’s Berkshire Hathaway makes $500 million investment in Brazilian digital bank
(CNBC) Warren Buffett’s Berkshire Hathaway made a $500 million investment in the parent company of Nubank, a privately held digital bank based in Brazil, the South American company announced Tuesday. To read this article:
Clover Health shares double on session at one point as Reddit retail trading mania spreads
(CNBC) Passionate day traders glued to their Reddit message boards have found their new favorite target — Clover Health — pushing the shares up triple digits at one point Tuesday. The Medicare insurance start-up that went public via Chamath Palihapitiya’s […]
Hedge funds extended gains in May amidst inflationary pressures
(Opalesque) Hedge funds extended performance gains in May for the eighth consecutive month as investor optimism accelerated regarding the US economic reopening and despite signs of building inflationary pressures in the US and Europe. To read this article:
Interactive Brokers founder: Don’t short AMC, meme stocks — they can soar to ‘unimaginable highs’
(CNBC) Interactive Brokers founder and Chairman Thomas Peterffy on Monday issued a warning to investors betting against so-called meme stocks like AMC Entertainment. “It is extremely tempting to short these stocks, but unless you have huge liquid resources, please try to […]