Category Archives: Syndicated
Congress passes long-awaited Covid relief bill and government funding plan
(CNBC) Congress passed a mammoth coronavirus relief and government spending package Monday night as it moves to inject long-delayed aid into the fight against a once-in-a-century health and economic crisis. Both chambers easily approved the more than $2 trillion legislation […]
Americans will get stimulus checks as soon as next week, Mnuchin says
(CNBC) Treasury Secretary Steven Mnuchin told CNBC on Monday that Americans who qualify for direct payments in new Covid relief legislation could see that money hit their bank accounts in a matter of days. “The good news is this is […]
SoftBank launches blank-check company to join SPAC craze
(CNBC) SoftBank Group filed to launch a special purpose acquisition company on Monday, saying it planned to raise $525 million for an investment in a technology company. To read this article:
Lockheed Martin buys Aerojet Rocketdyne to better compete with Musk’s SpaceX, Bezos’ Blue Origin
(CNBC) Lockheed Martin intends to buy Aerojet Rocketdyne at a $4.6 billion equity value, a deal that adds rocket engine and spacecraft propulsion assets to the defense contractor as it competes against the likes of Elon Musk’s SpaceX and Jeff […]
Over 70 per cent of hedge fund firms are confident about business prospects in 2021, says new AIMA HFCI index
(Hedgeweek) Over 70 per cent of hedge fund firms are positive about their business prospects for the coming year, according to AIMA’s new Hedge Fund Confidence Index (HFCI). To read this article:
Elliott tries to turn around a decade-long laggard with new real estate investment
(CNBC) Although Elliott is known for their activism in the technology sector, they have been successful activists in many sectors. Elliott is a $40+ billion hedge fund with tremendous resources to analyze potential investments. To read this article:
Stock futures flat as lawmakers reach last-minute stimulus deal
(CNBC) Stock futures held steady in overnight trading on Sunday as Congress managed to seal a coronavirus stimulus deal hours before a shutdown deadline. Futures on the Dow Jones Industrial Average were flat. S&P 500 futures were also little changed […]
Congress agrees to $900 billion Covid stimulus deal after months of failed negotiations
(CNBC) Congress reached a deal Sunday on a $900 billion coronavirus relief package, a long-delayed effort to boost an American health-care system and economy buckling under the weight of the pandemic. To read this article:
Tesla enters the S&P 500 with 1.69% weighting in the benchmark, fifth largest
(CNBC) Tesla’s S&P 500 inclusion will be officially completed at the open of trading Monday. The electric car maker will have a 1.69% weighting in the index, the fifth largest. It will be the sixth biggest company in the large-cap […]
Wall Street strategists see stocks gaining 9% in 2021 after a possible speed bump to start the year
(CNBC) The stock market appears set on rising into 2021 — a year expected to see some return to normalcy, above trend economic growth and a higher stock market, according to Wall Street strategists. Even with this year’s sharp sell-off, […]
LPs eye 2021 with cautious optimism
(Opalesque) New data from Eaton Partners suggests that institutional investors plan to increase their allocations to private funds next year. The latest “Eaton Partners LP Pulse Survey” questioned limited partners (LPs) from around the world, over the past two weeks, […]
Robinhood pays $65 million to settle SEC probe over misleading customers
(CNBC) The Securities and Exchange Commission on Thursday charged Robinhood with deceiving customers about how the stock trading app makes money and failing to deliver the promised best execution of trades. Robinhood agreed to pay a $65 million civil penalty, without […]