Category Archives: Syndicated
Gold Rising to $4,000 an ounce ‘Would Not Be An Unreasonable Move,’ Fund Manager says
(Marketwatch) Stocks and bonds may be in an asset bubble, as record-low interest rates and a tremendous increase in the money supply have sent prices soaring this year. Add gold, which has risen 35% to $2,049 an ounce Aug. 5, […]
Chicago Fed’s Evans says stalled stimulus negotiations are ‘an unfortunate development’ for the economy
(Marketwatch) The stalled efforts by White House officials and Congressional Democrats is “an unfortunate development” for the U.S. economy, said Chicago Fed President Charles Evans on Sunday. Fiscal policy has been unbelievably important during the initial phase of the shutdown […]
Sen. Sanders proposes one-time tax that would cost Bezos $42.8 billion, Musk $27.5 billion
(CNBC) Top tech leaders and other billionaires would be forced to hand over billions of dollars in wealth they’ve gained during the coronavirus pandemic under a new bill introduced by Sens. Bernie Sanders, I-Vt., Ed Markey, D-Mass., and Kirsten Gillibrand, […]
Trump says he’s in favor of plan to give $25 billion more to struggling airline industry
President Donald Trump on Wednesday expressed support for a plan to provide another $25 billion in federal aid to U.S. airlines, which have been devastated by the coronavirus pandemic. To read this article:
Bezos sells more than $3 billion in Amazon shares
(CNBC) (CNBC) Amazon CEO Jeff Bezos this week has sold more than $3.1 billion worth of shares in his company, according to filings with the Securities and Exchange Commission compiled by OpenInsider. To read this article:
Institutional investors saw very healthy median returns in Q2 2020
(Opalesque) Institutional assets posted an all-plan median return of 11.07 percent for the second quarter and 3.36 percent for the year ending June 30, 2020, said a study by Wilshire Trust Universe Comparison Service (Wilshire TUCS). To read this article: […]
As gold hits new highs, hedge fund rush may herald volatility spikes
(Hedgeweek) As gold prices reach fresh highs, more hedge fund investors could pile into the commodity – heralding fresh spikes of volatility in the asset, according to Christopher Cruden, manager of the currency and gold-focused CTA strategy Insch Kintore. To […]
Treasury yields fall ahead of unemployment data
U.S. government debt prices were higher Thursday morning as traders looked ahead to new unemployment data. To read this article: TICKER COMPANY YIELD CHANGE %CHANGE US3M U.S. 3 Month Treasury 0.101 0.00 0.00 US1Y U.S. 1 Year Treasury 0.127 0.003 0.00 […]
Robinhood Crowd Helps Hedge Fund Manager Gain 30% This Year
(Bloomberg) One hedge fund manager is getting some inspiration from an unlikely source: the Robinhood crowd. Adam Sender’s volatility hedge fund has climbed 30% this year — in part by betting on and against stocks that have been popular on […]
Hedge fund short sellers “battered” by $6 billion loss in tech rally – but bearish bets may yet rebound
(Hedgeweek) Hedge fund short sellers took a hefty beating in what proved to be a bruising July, losing some USD6 billion across a range of strong-performing technology stocks, including more than USD4 billion from Tesla shorts alone. To read this […]
Richard Branson’s Virgin Atlantic files for U.S. bankruptcy protection
(Marketwatch) Virgin Atlantic, the airline founded by British businessman Richard Branson, filed Tuesday for relief from creditors as the virus pandemic hammers the airline industry. The airline made the filing in U.S. federal bankruptcy court in New York after a […]
Kodak reportedly under SEC investigation over disclosure of U.S. drug producing deal
(CNBC) The Securities and Exchange Commission is investigating Eastman Kodak’s disclosure about getting awarded a $765 million loan from the U.S. government to start producing drug ingredients, which sent the stock up on heavy volume ahead of the official announcement, […]