Category Archives: Syndicated
S&P 500 futures dip as traders gear up for big August jobs report: Live updates
(CNBC) S&P 500 futures dipped Friday as investors look to Friday’s key jobs report for further clues about the state of the U.S. economy. Futures tied to the broad market index were down 0.26. Dow Jones Industrial Average futures inched lower by 17 […]
Friday’s jobs report for August is going to be huge. re’s what to expect
(CNBC) The Wall Street consensus is for nonfarm payrolls growth of 161,000 for August and a slight decline in the unemployment rate to 4.2%, according to Dow Jones. However, recent data, including a massive downward revision to previous counts, has pointed to […]
Broadcom says it will sell $12 billion in AI parts and custom chips this year
(CNBC) Broadcom reported fiscal third-quarter results on Thursday that beat Wall Street expectations for revenue and earnings. Broadcom shares fell 7% in extended trading after guidance was in-line with expectations. Here is how the chipmaking conglomerate did versus LSEG consensus estimates […]
Goldman Sachs sells hedge fund stake for up to $258m amid valuation concerns
(Hedgeweek) Goldman Sachs’ private equity investment firm, Petershill Partners, has sold an 18% stake in hedge fund LMR Partners for up to $258m in a move aimed at addressing investor concerns about the accuracy of the firm’s asset valuations, according […]
JPMorgan top economist says the Fed should cut rates by a half point this month
(CNBC) The Federal Reserve should cut interest rates by 50 basis points at its September meeting, according to JPMorgan’s Michael Feroli. “We think there’s a good case that they should get back to neutral as soon as possible,” the firm’s […]
SEC drops bid to revive hedge fund fee disclosure rule
(Hedgeweek) The US Securities and Exchange Commission (SEC) has abandoned its legal efforts to revive a rule mandating increased hedge fund and private equity fee disclosures, following a court setback in Chair Gary Gensler’s campaign for greater transparency in the […]
One Rock sells ArchKey Solutions
(Hedgeweek) One Rock Capital Partners, a value-oriented, operationally focused private equity firm, is to sell electric and building systems specialist ArchKey Solutions (ArchKey) to an affiliate of 26North Partners. To read this article:
SEC fines crypto hedge fund Galois Capital $250,000 over custody failures
(Hedgeweek)The Securities and Exchange Commission has settled charges against a former Florida-based cryptocurrency hedge fund Galois Capital Management for failing to comply with requirements related to the safeguarding of client assets. To read this article:
Stock futures are little changed after two straight down days for S&P 500, Nasdaq: Live updates
(CNBC) Stock futures were largely flat Wednesday evening as Wall Street looks to regain momentum after a rocky start to September. Key labor market data is also on deck this week. Futures for the S&P 500 were up less than 0.1%, while Nasdaq […]
Nvidia says it didn’t receive antitrust subpoena from DOJ
(CNBC) Nvidia on Wednesday denied reports it received a subpoena from the Department of Justice over antitrust concerns. “We have inquired with the U.S. Department of Justice and have not been subpoenaed,” an Nvidia representative told CNBC. “Nonetheless, we are happy […]
Bond market ‘yield curve’ returns to normal from inverted state that had raised recession fears
(CNBC) The relationship between the 10- and 2-year Treasury yield briefly normalized Wednesday, reversing a classic recession indicator. Following economic news that showed a sharp decline in job openings and dovish remarks from Atlanta Fed President Raphael Bostic, the benchmark 10-year […]
Stock futures fall after worst S&P 500 day since early August rout: Live updates
(CNBC) U.S. stock futures fell Tuesday night after the major averages kick-started September lower, with the S&P 500 clocking its worst day since early August. S&P 500 futures and Nasdaq 100 futures dipped 0.54% and 0.8%, respectively. Dow Jones Industrial Average futures slid 19 points, or 0.34%. […]