Category Archives: Syndicated
Bitcoin surpasses $60,000 in record high as rally accelerates
(CNBC) Bitcoin crossed a record high of $60,000 on Saturday morning, continuing its rally as major companies and financial institutions adopt cryptocurrencies. Bitcoin, the world’s biggest cryptocurrency, was at $60,415.34 as of 7:25 a.m. ET, according to Coinbase, recovering from […]
Dow climbs 290 points to close at another record, surging yields hit tech stocks again
(CNBC) The Dow Jones Industrial Average jumped to another record high on Friday as rising reopening optimism continued to encourage the rotation into cyclical stocks. Meanwhile, surging bond yields rekindled valuation fears and took the comeback momentum out of tech […]
Warren Buffett’s net worth surpasses $100 billion for the first time as Berkshire shares hit record
(CNBC) Warren Buffett’s net worth topped $100 billion for the first time as Berkshire Hathaway shares rallied to record highs. Berkshire’s Class A shares closed at a record high of $399,650 on Wednesday, bringing its 2021 advance to more than […]
Stimulus checks could start hitting bank accounts this weekend, White House says
(CNBC) Some Americans will receive new coronavirus stimulus checks as soon as this weekend, the White House said Thursday. The news from White House press secretary Jen Psaki came minutes after President Joe Biden signed the $1.9 trillion Covid relief […]
Hedge funds now front-runners to boost investor returns this year, says Credit Suisse survey
(Hedgeweek) A majority of investors now believe hedge funds are best placed to enhance the performance of a traditional 60/40 equities and bonds portfolio, with the prevailing rate environment driving a “sense of urgency” among allocators to tap into new […]
Commodities hedge fund Westbeck scores double-digit gain, as “dizzying” oil surge set to continue
(Hedgeweek) London-based commodities-focused hedge fund Westbeck Capital Management has seen its flagship strategy surge in recent weeks, as oil prices continue to trend upwards. To read this article:
US is home to eight of the top ten global VC investors
(Opalesque) US-based firms dominated the list of top ten global VC investors by the number of investments in 2020, with eight headquartered in the US, said a study. According to GlobalData, several American venture capital (VC) investors managed to make […]
Hedge fund boss Odey found not guilty of indecent assault
(Reuters) Crispin Odey, one of Britain’s most high-profile hedge fund managers, was on Thursday found not guilty of indecently assaulting a young, female banker in 1998 after a three-day London trial. Judge Nicholas Rimmer told Westminster Magistrates’ Court that he […]
KKR seeks $12 billion for flagship infrastructure fund
(Reuters) Buyout firm KKR & Co Inc is seeking to raise $12 billion for its flagship global fund that will invest in infrastructure assets such as oil and gas pipelines and renewable energy projects, according to people familiar with the […]
House passes $1.9 trillion Covid relief bill, sends it to Biden to sign
(CNBC) The president hopes to sign the bill Friday after Congress formally sends it to the White House, which can take days for large bills. Biden will check off his first major legislative item as the U.S. tries to ramp […]
Oracle drops after CEO delivers low earnings guidance on call
(CNBC) Oracle shares moved 6% lower in extended trading on Wednesday after the enterprise software maker announced lower-than-expected quarterly earnings guidance and said it was raising its quarterly dividend to 32 cents per share from 24 cents per share. To […]
GameStop drops by 40% in 25 minutes
(CNBC) The GameStop story added another wild chapter on Wednesday as the retailer’s stock popped 40% before quickly falling back to earth. The move appeared to be on no new headlines. The stock rose as high as $348.50 per share […]