Category Archives: Syndicated
White House releases the Bidens’ tax return, showing their income dropped
(CNBC) President Joe Biden and first lady Jill Biden earned $607,336 in 2020, according to their newly released tax return, a significant drop from their 2019 income that reflects Joe Biden’s singular focus on campaigning for president last year. To […]
Dollar drops as yield support fades amid expectations of low U.S. rates
(Reuters) The dollar plumbed a six-year trough against the Canadian dollar and teetered near multi-month lows versus European currencies on Tuesday, as Treasury yields stalled amid renewed expectations the United States will not hike interest rates anytime soon. To read […]
North American asset managers lag in adopting disruptive technologies
(Opalesque) The vast majority (95%) of North American asset managers believe that their technology, data, and digital capabilities will be competitive differentiators by 2025, many remain in the early stages of adopting disruptive technologies, including artificial intelligence (AI) and cloud […]
AT&T in advanced talks to merge WarnerMedia with Discovery, deal expected as soon as Monday
(CNBC) AT&T is in advanced talks to merge WarnerMedia with Discovery in a deal that will strengthen the combined company against rival media giants Netflix and Disney To read this article:
Earnings reports and the Fed will test the market rally in the week ahead
(CNBC) Investors will see whether stocks carry their newfound momentum into the week ahead, as major retailers, including Walmart and Home Depot, report earnings and housing data dominates the calendar. To read this article:
Dow futures drop 100 points after Wall Street’s worst week since February
(CNBC) Stock futures slipped in overnight trading on Sunday following last week’s sell-off triggered by inflation jitters. Futures on the Dow Jones Industrial Average fell 102 points. S&P 500 futures and Nasdaq 100 futures both also traded in negative territory. […]
Hedge funds continue winning ways in April, says eVestment
(Hedgeweek) Hedge fund performance was broadly positive in April, with 85 per cent of funds reporting to eVestment seeing positive performance figures and the industry as a whole posting a return of +2.61 per cent for the month, according to […]
SPACs market re-groups under closer scrutiny
(Hedgeweek) Following a year of high exuberance, the market for special purpose acquisition companies (SPACs) has slowed since peaking in mid-February 2021. Now, with the US Securities and Exchange Commission (SEC) changing accounting rules and vowing to keep a close […]
State Street to pay $115 million criminal fine for overcharges – U.S. Justice
(Reuters) State Street Corp agreed to pay a $115 million criminal penalty and enter a deferred prosecution agreement to resolve charges the bank defrauded customers by secretly overcharging them for back-office expenses, the U.S. Department of Justice said on Thursday. […]
Coinbase revenue tripled from last quarter as crypto prices skyrocketed
(CNBC) Coinbase shares were up about 3% in after-hours trading Thursday, after reporting that revenue and net income skyrocketed in the first quarter of 2021 as the cryptocurrency trading platform capitalized on a boom in crypto prices and corresponding interest […]
Hedge funds eye crypto volatility after Tesla shelves bitcoin payments amid ESG concerns
(Hedgeweek) Crypto hedge funds remain well-placed to capitalise on bitcoin’s volatile price moves, after Tesla CEO Elon Musk’s decision to suspend bitcoin payments sent the coin’s value plummeting this week. To read this article:
The IRS goes after crypto holders with John Doe summonses
(Opalesque) The IRS has several tools in its arsenal to encourage compliance and audit and enforce those it believes are failing to comply. One of the most powerful tools is the John Doe summons. A regular IRS summons seeks information […]