Category Archives: Syndicated
American Airlines halting service to 15 small cities after federal aid runs out in October
(CNBC) American Airlines said Thursday it plans to suspend service to 15 small U.S. cities with low demand in October after the terms of federal aid requiring the flights expires, a move that would cut off scheduled flights to nine destinations […]
Apple becomes first U.S. company to reach a $2 trillion market cap
(CNBC) Apple hit a market cap of $2 trillion Wednesday, doubling in valuation in just over two years to become the first publicly traded U.S. company to reach the milestone. Based on a share count of more than 4.275 billion, Apple […]
Hedge funds up 3.29 per cent in July, says Preqin
(Hedgeweek) Hedge funds continued their strong performance in July, with the Preqin All-Strategies Hedge Fund benchmark gaining 3.29 per cent, compared to June’s +2.53 per cent. To read this article:
Dow futures drop 200 points after the Fed highlights economic uncertainty
(CNBC) Futures contracts tied to the major U.S. stock indexes fell during extended trading Wednesday evening. Dow Jones Industrial Average futures dropped 207 points. S&P 500 and Nasdaq-100 futures also traded in negative territory To read this article:
‘Impressive’ economic recovery will drive stocks to new highs through 2021, Wall Street bull Phil Orlando predicts
(CNBC) Federated Hermes’ Phil Orlando sees a lot going right for the rally. With the S&P 500 hitting all-time highs twice so far this week, the firm’s chief equity market strategist is optimistic the economic recovery will continue to support […]
Barclay CTA Index gains 1.63% in July
(Opalesque) Managed futures funds were profitable in July as the CTA industry realized a 1.63% monthly gain, according to the Barclay CTA Index, compiled by BarclayHedge, a division of Backstop Solutions. For the year-to-date CTAs were up 2.49% through July. […]
Venture Capital hit record levels in 2019
(Opalesque) Returns from venture funds globally reached a record high in Q4 2019 and remained strong in Q1 2020, despite the unfolding Covid-19 crisis, according to new data from eFront. 2019 was an exceptional year for venture capital performance, with […]
Stock futures flat after S&P 500 notches new record
(CNBC) U.S. stock futures were flat in overnight trading on Tuesday, after the S&P 500 hit its highest level ever, wiping out all the losses from the coronavirus sell-off. Dow futures rose 18 points. The S&P 500 and Nasdaq 100 […]
Democrats Nominate Joe Biden as Their Presidential Candidate. What Analysts Think.
(Marketwatch) Joe Biden, who sealed the Democratic presidential nomination on Tuesday night, balances energizing his base while trying to win over undecided independent and conservative voters. His more moderate platform would likely be more friendly to business and finance than […]
Why investors should sell stocks now to get ready for the big rally that’s coming
(Marketwatch) Stocks are looking up on Tuesday, beating back a bevy of concerns — Washington-Beijing tensions, the lack of a U.S. coronavirus stimulus package, and Europe’s virus resurgence. To read this article:
Kohl’s sees billions in market share up for grabs as retailers go bankrupt, shut stores
(CNBC) Kohl’s sees an opportunity in the coronavirus pandemic to steal market share from struggling retailers and win over new customers as competitors go bankrupt and liquidate their stores. To read this article:
Wall Street pushes for GM to spin off its electric vehicle business
(CNBC) Pressure is mounting from Wall Street for General Motors to spin off its electric vehicle business to better position the operations against Tesla and a fleet of expected startup companies. The new company would likely be valued at a […]