Category Archives: Syndicated
GameStop shares jump after the Reddit favorite raises $551 million in stock sales
(CNBC) GameStop’s stock price climbed in extended trading Monday after the video game retailer said it sold 3.5 million additional shares, raising $551 million to speed up the company’s e-commerce transformation. The stock, favored by the Reddit retail trading crowd, jumped […]
Biden’s 100-day stock market performance is the hottest going back to the 1950s
(CNBC) So far in his young presidency, President Joe Biden has been one of the best friends the stock market has ever had. Better, in fact, than any president before him going back to at least the 1950s and the […]
Tesla posts record net income of $438 million, revenue surges by 74%
(CNBC) Tesla reported first-quarter results after the bell on Monday. The company beat expectations handily, buoyed by sales of bitcoin and regulatory credits, but the stock dipped as much as 3% after hours as investors digested the numbers. To read this […]
Thoma Bravo’s $12.3 billion purchase of Proofpoint is the largest private equity cloud deal
(CNBC) Even with private equity firms spending record amounts of cash for software in recent years, Thoma Bravo just trumped them all, announcing the biggest cloud buyout ever on Monday. To read this article:
Crypto hedge fund BKCoin Capital strengthens team with new quantitative trading head
(Hedgeweek) Digital assets hedge fund BKCoin Capital has named Mark Treinkman as head of quantitative trading. To read this article:
How Covid-19 sank quant macro hedge fund pioneer IPM
(Hedgeweek) Long-running systematic macro hedge fund IPM says the Covid-19 pandemic “aggravated” an already challenging situation for the firm, leading to its decision to shut down the business. To read this article:
Stock futures calm in anticipation of big earnings week
(CNBC) Futures contracts tied to the major U.S. stock indexes held steady at the start of the overnight session Sunday evening as investors braced for one of the busiest weeks of the first-quarter earnings season. The week ahead is a […]
Hedge funds experience USD9bn in redemptions in February
(Hedgeweek) Hedge fund flows reversed course in February with USD9.0 billion in redemptions, following USD30.5 billion in industry inflows a month earlier. To read this article:
Investors doubt U.S. capital gains tax plan alone can derail market rally
(Reuters) U.S. stocks rebounded on Friday from a day-earlier swoon as investors digested the implications of a planned capital gains tax hike, with many pointing to reasons why such a policy alone would be unlikely to threaten the rally in […]
10-year Treasury yields will break out of slump within weeks, Wells Fargo predicts
(CNBC) The 10-year Treasury Note yield may be on the verge of breaking out of its slump. After stabilizing over the past several weeks, Wells Fargo Securities’ Michael Schumacher predicts the current risk backdrop will re-energize yields in the coming […]
U.S. equity funds see lowest inflow in seven weeks on virus worries: Lipper
(Reuters) U.S. equity funds received their lowest inflows in seven weeks in the week ended April 21, pressured by rising coronavirus cases, which have cast doubts over global economic recovery. To read this article:
Global VC market moves at incredible pace as VC investment hits $126.6bn in Q1’21 shattering Q4’20 record of $98.2bn
(Opalesque) Quarterly VC investment flew past the $100 billion mark for the first time, reaching $126.9 billion globally across 6,508 deals during Q1’21, up from the previous record of $98.2 billion across 7,329 deals achieved in Q4’20. To read this […]