Category Archives: Syndicated
House prepares to pass $1.9 trillion Covid relief bill, and Biden is expected to sign it this week
(CNBC) The House plans to pass Democrats’ $1.9 trillion coronavirus relief bill this week and get fresh aid to Americans starting this month. The chamber aims to approve the rescue package in time for President Joe Biden to sign it […]
Hedge funds pick up the pace, as industry returns continue to rise in February
(Hedgeweek) The hedge fund industry gathered further momentum during February, as managers generated positive performances across the strategy spectrum, with equities, macro, commodities, activist and cryptocurrency strategies generating particularly strong gains, new industry data shows. To read this article:
85% of global institutional investors expect private markets to outperform public markets
(Opalesque) A new global research program conducted by The Economist Intelligence Unit (EIU) and supported by Adams Street Partners (Adams Street) finds that 85% of global institutional investors expect private markets to outperform public markets in the long term, with […]
Bitcoin tops $1 trillion in value again as the cryptocurrency’s price jumps
(CNBC) Bitcoin’s value surpassed $1 trillion on Tuesday as the price of the cryptocurrency jumped. The digital coin’s price rose on Tuesday and its market capitalization went above $1 trillion in mid-morning trade Singapore time, according to CoinDesk. To read […]
Move over GameStop: Discovery, AMC Networks are latest heavily shorted stocks to see huge 2021 gains
(CNBC) It’s not GameStop, but Discovery can thank the Reddit effect for an enormous surge in its stock price this year. Since launching Discovery+ on Jan. 4, Discovery shares are up a whopping 116%, closing Monday up another 4.7% at $67.25 — an […]
AI-driven hedge fund Quantumrock sees positive performance in February 2021
(Hedgeweek) Despite difficult market conditions, Quantumrock’s flagship strategy, Volatility Special Opportunities Program (VSOP), has closed February with +0.49 per cent. To read this article:
Dow futures rise more than 100 points after Senate passes $1.9 trillion Covid relief bill
(To read this article:)Dow futures rose on Sunday evening as a new stimulus package from Washington headed toward final passage this week. Futures contracts tied to the Dow Jones Industrial Average added 155 points, or 0.5%. Those for the S&P […]
The Senate passed Biden’s $1.9 trillion stimulus bill – here’s what’s next
(CNBC) The Senate has passed President Joe Biden’s landmark$1.9 trillionstimulus package, a major step in the bill’s evolution into law. The Senate, led by Majority Leader Chuck Schumer, D-N.Y., voted along party lines Saturdayto approve the massive Covid-19 relief plan, […]
Global private equity fund-raising reach $5tn in capital over the past five years
(Opalesque) Global private equity fund-raising of $989 billion was a decline from 2019’s all-time record of $1.09 trillion, said a study. But it was still the third-highest total in history, and if you add in the $83 billion raised for […]
Investors weigh how far tech stocks can slide after volatile week
(Reuters) As U.S. technology shares stumble, investors are debating whether the decline is an opportunity to scoop up bargains or a sign of more pain to come for stocks that have led markets higher for years. To read this article:
Goldman poised to make $100 million profit off Texas deep freeze
(Reuters) Traders at Goldman Sachs Group Inc could earn roughly $100 million in profit from the winter storm last month that left many across Texas and other southern U.S. states without electricity, clean water and heat, Bloomberg News reported on […]
Venture investor Chamath Palihapitiya sells Virgin Galactic stake for about $213 mln
(Reuters) Venture investor Chamath Palihapitiya has sold his remaining personal stake in Virgin Galactic Holdings Inc, a space tourism company he helped take public in 2019, for around $213 million, regulatory filings showed on Friday. Palihapitiya sold 6.2 million shares, […]