Category Archives: Syndicated
IRS targets carried interest in new guidance
(Opalesque) The Internal Revenue Service has released new guidelines that will restrict the use of carried interest in tax calculations after an error in the 2017 tax cut bill. To read this article:
Eastman Kodak’s top executive reportedly got Trump deal windfall on an ‘understanding’
(CNBC) Eastman Kodak on Monday granted its executive chairman options for 1.75 million shares as the result of what a person familiar with the arrangement described as an “understanding” with its board that had previously neither been listed in his […]
Outlook “bright” for hedge funds as industry seizes on surging volatility, JP Morgan Asset Management officials say
(Hedgeweek) The immediate outlook for hedge funds is “very bright”, with elevated volatility at an “optimal” level for macro and relative value strategies in particular, JP Morgan Asset Management’s alternatives team said this week. To read this article:
U.S. stock futures flat as earnings season, stimulus talks continue
(CNBC) Futures contracts tied to the major U.S. stock indexes held steady Sunday evening as investors turned their attention back to Washington and the economy after a busy week of corporate earnings. Dow Jones Industrial Average futures slipped 4 points, […]
Lord & Taylor files for bankruptcy, becoming the latest retail casualty of the coronavirus pandemic
(CNBC) Venerable U.S. retailer Lord & Taylor filed for Chapter 11 bankruptcy on Sunday, becoming the latest in a growing list of storied names to do so amid the ongoing coronavirus outbreak that has crippled the retail sector. The company […]
Alibaba expanded during the health crisis — and its co-founder has advice to share
(CNBC) Leading a company through a crisis is no mean feat — and for some, it can be their undoing. But for those that get it right, it can be an opportunity to set the business apart from the pack. […]
Institutional consultants anticipate long-term effects resulting from COVID-19
(Opalesque) The current market environment is likely to have long-term effects on certain aspects of the investment consultant industry. Cerulli expects three aspects of the market will be impacted significantly by the current market challenges: volatility in funding status for […]
Man Group assets fall 8% amid ‘challenging time’
(Opalesque) British hedge fund manager Man Group recorded an 8% fall in assets in the first six months of 2020 as the new coronavirus pandemic dragged down performance by $5.4 billion. Man Group’s total assets under management at the end […]
Stocks set for a positive trading day on Friday, after tech giants post strong earnings
(CNBC) Stock futures early Friday morning eased from earlier gains but remained in positive territory, a day after some of the biggest tech stocks — Facebook, Amazon, Alphabet and Apple — reported quarterly results that beat expectations. Dow Jones Industrial […]
10-year Treasury yield falls close to 0.52% after record GDP contraction
(CNBC) Treasury yields continued to move lower on Friday morning after a week where the Federal Reserve iterated a dovish message and held rates, and new data showed the U.S. economy shrank at a record pace. To read this article:
U.S. GDP likely sank a record 35% in the 2nd quarter after coronavirus ravaged the economy
(Marketwatch) The U.S. suffered the biggest economic decline in the second quarter since the government began keeping track after World War Two. How much? Try 30% — or more.Economists polled by MarketWatch estimate gross domestic product — the official scorecard […]
Apple announces 4-for-1 stock split
(CNBC) Apple on Thursday announced in its fiscal third-quarter earnings that the Board of Directors has approved a four-for-one stock split.That means that, for each share of Apple stock that an investor owns, they’ll receive three additional shares. It also […]