Category Archives: Syndicated
Fed weighed adjusting bond purchases to provide more help to economy
(CNBC) Federal Reserve officials indicated at their last meeting that adjustments could be made soon to their bond-buying program as the central bank looks to alternate ways it can support the economy. To read this article:
Salesforce is in talks to buy Slack, deal could be announced next week
(CNBC) Salesforce is in talks to acquire Slack, and a deal could be announced as soon as next week, according to a person familiar with the matter. Shares of Slack closed almost 38% higher Wednesday after the Wall Street Journal […]
Deutsche Bank bullish about the 2021 economic recovery — but there are two key risks
(CNBC) Deutsche Bank upgraded its global growth outlook for 2021 but cautioned that two key risks could still spoil the economic recovery from the coronavirus crisis. In the bank’s latest report out Wednesday — entitled “Hope on the horizon” — […]
Institutional investors added significantly and widely to fixed income strategies in Q3
(Opalesque) Long-only asset managers reported Q3 2020 institutional assets under management of $30.0 trillion, according to the just-released Q3 2020 eVestment Traditional Asset Flows Report. Net institutional flows totaled -$23.2 billion in the most recent quarter and -$59.9 billion over […]
Investors turn to private credit as key portfolio hedge amid Covid-19 market ruptures
(Hedgeweek) Private credit managers are on track to provide some USD100 billion of real economy financing this year, as investors increasingly turned to the sector as a resilient portfolio hedge and diversifier amid equity market ruptures during 2020’s coronavirus pandemic. […]
Third quarter end saw hedge fund investors retreat, but industry assets still up, says BarclayHedge
(Hedgeweek) Three months of hedge fund inflows came to an abrupt halt at the end of the third quarter, as investors withdrew USD2.8 billion in September amid a surge in coronavirus cases and fears of renewed economic disruption, new data […]
Market’s record run is far from the finish line, Oppenheimer’s chief strategist predicts
(CNBC) Dow 30,000 may just be the beginning. Oppenheimer Asset Management’s John Stoltzfus believes the Dow’s record high on Tuesday is justified despite the nation’s battle against surging coronavirus cases. He lists a resilient economy as the major factor for […]
JPMorgan Chase pays $250 million penalty over weak controls in its wealth management division
(CNBC) JPMorgan Chase agreed Tuesday to pay a $250 million fine after one of its U.S. regulators found a “pattern of misconduct” in its asset and wealth management division. To read this article:
Dow futures rise 150 points after record day on Wall Street
(CNBC) U.S. stock futures rose on Tuesday night following a banner day for three of the for major market benchmarks. Dow Jones Industrial Average futures traded higher by 150 points, or 0.6%. S&P 500 futures climbed 0.5% and Nasdaq 100 […]
Tesla hits $500 billion market cap for the first time
(CNBC) Tesla finished the trading day Tuesday with a market cap greater than $500 billion for the first time after its stock price surpassed $527.48 per share. Tesla’s enterprise multiple, or its enterprise value relative to EBITDA, exceeded 130 based […]
JPMorgan’s $150 Billion Unit Taps Hedge Funds for ESG Gains
(Bloomberg) JPMorgan Chase & Co.’s $150 billion alternative asset management arm says it’s found a way to help clients make sustainable investments through hedge funds without sacrificing returns. To read this article:
Ripe for another correction’: US stocks could tumble 12% by year-end as the vaccine-driven rally gets exhausted, Morgan Stanley’s investment chief says
(Business Insider) The S&P 500 could tumble by as much as 12% in one final correction before the end of the year, according to Mike Wilson, Morgan Stanley’s chief investment officer. To read this article: