Category Archives: Syndicated
Wealthfront gives green light to investment in cryptocurrencies
(Reuters) Wealthfront will start allowing clients to invest in cryptocurrencies later this year, the U.S. digital wealth manager said on Wednesday, in the latest sign of growing acceptance of digital assets by mainstream finance. Starting this week, users will also […]
Apple reports another blowout quarter with sales up 54%, authorizes $90 billion in share buybacks
(CNBC)Apple reported a blowout quarter on Wednesday, announcing companywide sales up 54% higher than last year, and significantly stronger profits than Wall Street expected. Apple stock rose over 4% at one point in extended trading. To read this article:
The Fed leaves rates unchanged – Here’s what experts are watching now
(CNBC) The Federal Reserve left interest rates unchanged at its April meeting Wednesday. David Kelly, chief global strategist at JPMorgan Asset Management, is monitoring potential asset bubbles. To read this article:
Qualcomm revenue pops 52% on strong smartphone demand
(CNBC) Qualcomm shares rose as much as 6% in extended trading on Wednesday after the chipmaker reported fiscal second-quarter earnings that exceeded analysts’ estimates. Here’s how the company did: To read this article:
Hedge funds off the pace on ESG integration, new bfinance investor poll finds
(Hedgeweek) Hedge funds are falling behind other sectors such as private equity and real estate when it comes to integrating ESG factors into their portfolios. To read this article:
Elon Musk says U.S. SEC is sometimes ‘too close’ to Wall Street hedge funds
(Reuters)Tesla Inc Chief Executive Elon Musk said on Tuesday the U.S. Securities and Exchange Commission was an important watchdog for investors but questioned why it was not more proactive against the growth of listed blank-check companies. To read this article:
Google sales top estimates on ad surge; Alphabet plans $50 billion buyback
(Reuters) Google parent Alphabet Inc on Tuesday beat quarterly revenue estimates and announced a $50 billion share buyback as the recovering economy and surging use of online services combined to accelerate its advertising and cloud businesses. To read this article:
UBS, Nomura push global banks’ Archegos losses over $10 billion
(Reuters) UBS reported an unexpected $774 million loss on Tuesday from the collapse of U.S. investment fund Archegos, taking the total hit to global banks from the stricken family office beyond $10 billion. To read this article:
Hedge fund short sellers continue to target embattled energy services provider Petrofac
(Hedgeweek) Hedge fund short sellers continue to target global oilfield services provider Petrofac, which has suffered a USD180 million annual loss and falling revenues amid an ongoing fraud investigation. To read this article:
Crypto hedge fund Nickel Digital is thriving on bitcoin’s price volatility
*Hedgeweek) As the ongoing digital assets boom continues to throw up myriad investment opportunities for asset managers and investors alike, London-based Nickel Digital Asset Management aims to bridge the gap between traditional finance and the cryptocurrency market, offering a diverse […]
Microsoft says LinkedIn topped $3 billion in ad revenue in the last year, outpacing Snap and Pinterest
(CNBC) Microsoft said Tuesday LinkedIn’s ads business has brought in more than $3 billion in revenue during the year ended March 31, outpacing pure-play digital ads competitors like Snap and Pinterest. The company does not regularly report revenue from LinkedIn’s […]
UBS takes a hit from Archegos scandal as it reports first-quarter net profit of $1.8 billion
(CNBC) UBS reported on Tuesday net income of $1.8 billion for the first quarter of 2021, as it revealed a hit to earnings from the scandal involving Archegos Capital. “Our first quarter results also factored in a loss related to […]