Category Archives: Syndicated
How Goldman and Morgan Stanley avoided losses after fund meltdown burned Nomura, Credit Suisse
(CNBC) When investors are stampeding for the exits, it pays to be first out the door. That’s what happened when falling shares in ViacomCBS last week ignited a $20 billion wave of forced selling at the Wall Street banks that […]
Asia shares mixed as broader worries about U.S. hedge fund default ease
(Reuters) Asian shares were mixed early Tuesday as global investors shook off worries about a hedge fund default that roiled global banking stocks overnight, while rekindled concerns about inflation pushed bond yields higher. To read this article:
Ackman stays mum on $4 billion SPAC target, says a second may follow
(Reuters) Billionaire investor William Ackman said on Monday that there was nothing to report yet on finding a target for his $4 billion blank-check investment vehicle. Ackman made headlines last year when he raised Pershing Square Tontine Holdings, making it […]
U.S. dollar hits four-month peak on caution spurred by hedge fund default
(Reuters) The dollar climbed to a four-month peak on Monday in choppy trading, with the euro languishing below $1.18 and commodity currencies falling, as the currency drew some safe-haven bids on concerns about the potential fallout of a hedge fund’s […]
New York business leaders push Biden, Schumer to ditch the cap on SALT deductions
(CNBC) Leaders of the finance industry and other businesses in New York are pushing President Joe Biden and Senate Majority Leader Chuck Schumer, who represents the state, to bring back the full state and local tax deduction, according to people […]
Apollo’s Leon Black To Step Down from Prominent Board as Chairman
(Reuters) Leon Black, co-founder of private equity firm Apollo Global Management Inc, would not stand for re-election as chairman of the Museum of Modern Art (MoMA), the New York Times reported, citing people with knowledge of the decision. Black, 69, […]
Deutsche Bank can sue Madoff feeder funds over $1.6 billion claims sale
(Reuters) A U.S. judge said on Friday Deutsche Bank AG may sue two offshore funds for allegedly reneging on an agreement to sell the German bank $1.6 billion of claims in the bankruptcy of swindler Bernard Madoff’s namesake firm. Deutsche […]
Credit Suisse takes hit from U.S. hedge fund; warns of ‘highly significant’ losses
(CNBC) Credit Suisse warned Monday of a “highly significant” hit to to its first-quarter results, after it began exiting positions with a large U.S. hedge fund that defaulted on margin calls last week. In a trading update before the market […]
Stock futures fall after S&P 500?s Friday record close
(CNBC) Stock futures dipped in early morning trading Monday after a rush of broad based late buying pushed the S&P 500 to a record high in the final minutes of the previous session. Futures on the Dow Jones Industrial Average […]
Investors BlackRock, Vanguard join net zero effort
(Reuters) Top asset managers BlackRock Inc and Vanguard Group Inc have joined an investor push to limit greenhouse gas emissions to net zero by 2050, giving new momentum to the effort despite concerns its goals have some wiggle room. The […]
The end of the quarter could create volatility for markets in the week ahead
(CNBC) Stocks could be buffeted by end-of-quarter trading in the week ahead, as pension funds and other big investors buy bonds and sell stocks to rebalance their portfolios. The dramatic move higher in bond yields this quarter sets up fund […]
The Fed has embraced the ‘punchbowl’ and has no intention of taking it away
(CNBC) The Federal Reserve has come a long way from the days of warning about “irrational exuberance.” Former Fed Chairman Alan Greenspan famously sent up a flare in December 1996 about stretched asset valuations triggered by wild dot-com speculation that […]