Category Archives: Syndicated
Dow falls 560 points amid surging yields, Nasdaq sheds 3.5% in worst sell-off since October
(CNBC) U.S. stocks fell sharply Thursday as an outsized surge in bond yields spooked investors, who rushed to dump risk assets, especially high-flying technology names. The Dow Jones Industrial Average dropped 559.85 points, or 1.8%, to 31,402.01, slipping from a […]
The bond market is betting on a red hot economy and stocks don’t like it
(CNBC) Growing inflation concerns, optimism the economy could surge and some technical factors are combining to drive interest rates higher at a rapid clip. But on Thursday, for the first time, the market has begun to question how long the […]
Airbnb reports $3.89 billion loss in first quarterly report since IPO but beats revenue expectations
(CNBC) Short-term rental booking company Airbnb’s stock bounced around, up as much as 4% and down as much as 1%, in after-hours trading on Thursday as the company posted growing losses and a decline in revenue and bookings in its fourth-quarter […]
World’s top 10 hedge fund managers earn $20.1 billion in 2020
(Reuters) Millennium Management’s Israel Englander earned $3.8 billion last year, landing him the biggest payday of any hedge fund manager in 2020, showed data from Institutional Investor. Englander more than doubled his $1.5 billion payday in 2019 and made $2 […]
Alibaba, Once a Fund Darling, Dumped By Point72, Hillhouse
(Bloomberg) Alibaba Group Holding Ltd, once the most valuable company in China, is turning from a global hedge fund favorite to something less than desirable. Investors from hedge fund titans such as Point72 Asset Management and Moore Capital Management to […]
Barclays investor poll predicts rush of new capital in “breakout year” for hedge funds
(Hedgeweek) Hedge funds could be set for a rush of new capital pouring into the industry this year – potentially reaching up to USD30 billion – as investor appetite grows following strong 2020 performances, Barclays said on Wednesday. To read […]
GameStop shares soar more than 100% amid executive shuffle
(CNBC) Shares of GameStop surged more than 100% on Wednesday as investors poured into the brick-and-mortar retailer amid a C-suite shake-up. Shares were halted with less than 30 minutes left in the trading day and the stock ended the day […]
Berkshire Hathaway’s Charlie Munger doesn’t know what’s worse: Tesla at $1 trillion or bitcoin at $50,000
(CNBC) Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, on Wednesday dismissed the rocketing share price of Tesla and the recent bitcoin frenzy. To read this article
Hedge Funds Seen Luring Up to $30 Billion in Recovery This Year
(Bloomberg) Hedge funds are likely to attract as much as $30 billion from investors this year, marking the industry’s first annual net inflow since 2017, according to Barclays. The projected $10 billion to $30 billion in net investment would also […]
Are we in a bubble? How founder of world’s largest hedge fund says 2021 stock market stacks up
(Marketwatch) The stock market is feeling awfully frothy to some investors lately, a fact that has helped to weigh on the market’s bullish sentiment in the past week or so, but a report by Ray Dalio implies that equities aren’t […]
Square buys $170 million worth of bitcoin
(CNBC) Square bought $170 million worth of bitcoin, the company revealed in its fiscal fourth-quarter financial report Tuesday. The company said it purchased approximately 3,318 bitcoins, expanding on its October 2020 buy of 4,709. Square said it represents about 5% […]
AT&T nears deal with TPG to sell large minority stake in DirecTV, U-verse at $15 billion valuation
(CNBC) AT&T is nearing a deal to sell a substantial minority stake in its DirecTV, AT&T TV Now and U-Verse business to private equity firm TPG, according to people familiar with the matter. To read this article: