Category Archives: Syndicated
Goldman Sachs boosts U.S. GDP estimate, sees COVID relief at $1.5 trillion
(Reuters) Economists at Goldman Sachs Group Inc on Monday bumped their U.S. GDP forecast for the second quarter up to 11% from 10% and said additional fiscal measures are likely to be valued at $1.5 trillion, up from their previous […]
KKR beats estimates with 15% rise in fourth-quarter earnings
(Reuters) KKR & Co Inc said on Monday its after-tax distributable earnings rose 15% year-on-year in the fourth quarter, driven by growth in management and transaction fees from its capital markets business. KKR’s after-tax distributable earnings (DE) – the cash […]
Tesla buys $1.5 billion in bitcoin, plans to accept it as payment
(CNBC) Tesla announced Monday it has bought $1.5 billion worth of bitcoin. In a filing with the Securities and Exchange Commission, the company said it bought the bitcoin for “more flexibility to further diversify and maximize returns on our cash.” […]
Robinhood sued by family of 20-year-old trader who killed himself after believing he racked up huge losses
(CNBC) Robinhood was sued Monday for wrongful death by the family of Alex Kearns, a 20-year-old customer who took his life last summer after believing he had racked up big losses on the millennial-favored stock trading app. “This case centers […]
Blackstone invests in new hedge fund ApaH Capital, sources say
(Reuters) – Blackstone Group, the world’s largest hedge fund investor, is committing $150 million in start-up capital to a hedge fund run by a former senior executive at Lone Star Funds, two sources familiar with the matter said. To read […]
Hedge funds gain in January, navigating volatility
(Opalesque) Hedge funds advanced in January to begin 2021, actively trading through a turbulent month dominated by a volatile surge in trading from retail investors concentrated in a handful of deep value equities with significant short interest. The HFRI Fund […]
Fiscal stimulus prospects and strong earnings tailwind may propel stocks in the week ahead
(CNBC) Stocks head into the week ahead with a tailwind, as investors focus on a hefty fiscal stimulus package and the solid earnings season against a backdrop of rising interest rates. There are several dozen S&P 500 companies reporting earnings, […]
Hedge funds bet on oil’s ‘big comeback’ after pandemic hobbles producers
(Reuters) Hedge funds are turning bullish on oil once again, betting the pandemic and investors’ environmental focus has severely damaged companies’ ability to ramp up production. To read this article:
Early-stage funding rounds accounted for 70.8% of global VC funding deal volume in Q4 2020
(Opalesque) Early-stage funding rounds (comprising Seed and Series A funding rounds) continued to dominate the global VC funding landscape in terms of deal volume during the quarter, as venture capital (VC) investors continued to show confidence in promising start-ups in […]
Reddit rebellion is a sign of ‘irrational exuberance,’ but market bull Ed Yardeni suggests it’s different this time
(CNBC) As the Reddit rebellion tries to make a comeback, one long-time market bull is seeing euphoria at dot-com bubble levels. According to Ed Yardeni, it’s happening because the government is unintentionally setting the stage for retail investors to wage […]
Dow looks set for Monday jump following Wall Street’s best week since November
(CNBC) U.S. stock index futures rose in early morning trading Monday, as the major averages looked to accelerate gains following the best week since November. Futures contracts tied to the Dow gained 139 points. S&P 500 futures and Nasdaq 100 […]
Hedge fund short-sellers suffer big FTSE losses as Reddit GameStop phenomenon hits UK markets
(Hedgeweek) Hedge funds have lost some USD325 million betting against FTSE 100 names over the past month, with retail investors driving shorted stocks higher as the GameStop effect reached UK shores. To read this article: