Category Archives: Syndicated
Dow futures rise more than 100 points as Wall Street wraps up its best August in more than 30 years
(CNBC) U.S. stock futures rose on Sunday night as traders were set to end the market’s best August performance since the 1980s. Dow Jones Industrial Average futures were up 141 points, or 0.5%. S&P 500 and Nasdaq 100 futures gained […]
Hedge Fund Association commends SEC on modernisation of accredited investor definition
(Hedgeweek) The Hedge Fund Association (HFA), an international nonprofit trade and nonpartisan lobbying organisation, says it applauds the US Securities and Exchange Commission’s (SEC) amendments to the “accredited investor” definition. To read this article:
Warren Buffett’s Berkshire Hathaway buys stakes in Japan’s five leading trading companies
(CNBC) The chairman and CEO of Berkshire Hathaway announced today, on his 90th birthday, that his company has acquired a slightly more than 5% stake in each of the five leading Japanese trading companies. The companies are Itochu Corp., Marubeni […]
With the market back at a record, Wall Street’s top analysts think these stocks can go even higher
(CNBC) Stocks are once again at record high levels — with the S&P 500 now up over 21% on a one-year basis. That’s following Fed Chair Jerome Powell’s more-relaxed inflation targeting strategy, impressive second quarter earnings and encouraging US-China trade […]
Retailers are reporting record online sales during the pandemic. But it won’t last forever
(CNBC) Retailers are reporting some of the biggest online sales gains in their history thanks to the coronavirus pandemic, which temporarily shut many stores, holed consumers up at home, and pushed more people to the internet to browse and buy groceries, […]
BorgWarner Charged for Materially Misstating its Financial Statements
(HedgeCo.Net) The Securities and Exchange Commission today announced settled charges against BorgWarner Inc., a motor vehicle parts manufacturer headquartered in Auburn Hills, Michigan, for materially misstating its financial statements by failing to account for certain asbestos liabilities. The SEC’s order […]
Neiman Marcus judge calls hedge fund’s strategy ‘stupid’ as litigation intensifies
(Reuters) Marble Ridge on Thursday agreed to set aside $55 million to cover potential damages for Neiman Marcus after the Houston judge overseeing the luxury retailer’s bankruptcy ripped into lawyers over their handling of the hedge fund’s managing partner, who […]
Emerging markets hedge funds surge as equities gain through global pandamic
(0palesque) Emerging Markets and Asian hedge funds surged in 2Q 2020, recovering from steep losses experienced in late 1Q, with many indices posting gains for YTD 2020 through July. The HFRI China Index gained +6.8 return in July, which followed […]
Despite COVID-19 crisis, investors stick with alternative allocation plans
(Opalesque) COVID-19 has only had a limited impact on investors’ allocation plans, as they remain satisfied with the performance, although they expect a negative impact on returns in the future, said Preqin. To read this article:
Powell announces new Fed approach to inflation that could keep rates lower for longer
(CNBC) The Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run hotter than normal in order to support the labor market and broader economy. To read this article:
Dow futures up 200 points in overnight trading after the index briefly erases 2020 losses
(CNBC) Futures tied to major U.S. equity benchmarks rose in overnight trading on Thursday as Wall Street attempts to build on its record-breaking rally. The Dow Jones Industrial Average futures gained 211 points. The S&P 500 futures and the Nasdaq […]
Fed’s ‘laser beam’ focus is bullish for market, top economist Michael Darda suggests
(CNBC) Stocks may have another reason to rally. According to MKM Partners’ Michael Darda, the risk of a monetary policy mistake at the margin is lower now than it was just yesterday. His call follows Federal Reserve chief Jerome Powell’s […]