Category Archives: Syndicated
Activist hedge fund TCI challenges Italian government over motorway operator sale
(Hedgeweek) Activist hedge fund TCI Fund Management is challenging Italy’s government over the sale of a motorways unit held by Atlantia, the Rome-headquartered infrastructure group which managed the Morandi Bridge that collapsed in Genoa in 2018, killing 43 people. To […]
Mnuchin says GOP coronavirus relief plan ready as unemployment boost runs out — ‘We can move very quickly’
(CNBC) Treasury Secretary Steven Mnuchin on Sunday said Republicans have now finalized their latest piece of coronavirus relief legislation, worth about $1 trillion, and intend to introduce it Monday. “We do have an entire plan,” Mnuchin said on “Fox News […]
Gold eyes record high as safe-haven demand thrives
(CNBC) Gold prices extended gains on Monday, just $3 shy of an all-time high, driven by U.S.-China tensions and a weaker dollar, while expectations of more stimulus to revive pandemic-hit economies lifted the metal’s appeal as an inflation hedge. To […]
Telos blockchain increases staking rewards and development funding
(Marketwatch) Blockchain platform Telos has increased its staking rewards and funding for development. Stakeholders voted to approve these measures as part of the Telos Economic Development Plan 2.0, supporting core developers and the network’s increased adoption. To read this article:
Here comes one of the newsiest and most critical weeks of the summer for markets
(CNBC) The Nasdaq’s sputtering rally could be put to its biggest test yet, as tech bellwether Apple and other stalwarts of the tech rally report earnings. Early in the week, Republicans will unveil their stimulus package proposal, which will then […]
Investors viewing ESG as a ‘safe haven’ asset
(Opalesque) Sustainable and responsible investments (ESG) are now regarded as ‘safe havens’ by the majority of investors, reveals a study. According to the financial services firm deVere, nearly 60% of its clients seeking to include ESG investments in their portfolios […]
Fannie-Freddie risk bonds threaten big losses for fund managers
(Bloomberg) Under provisions of the CARES Act, certain homeowners can put off mortgage payments for up to a year. Hedge funds and mutual funds are among bondholders that could lose $2 billion as a consequence of U.S. lawmakers’ letting millions […]
Hazeltree and Northern Trust analyse the impact of COVID-19 on alternative asset managers
(Opalesque) Hazeltree and Northern Trust Alternative Fund Services have published a report called “Weathering the 2020 Storm: Market Volatility, Location Disruption and Record Volumes.” This paper takes a closer look into what happened during the initial stages of the COVID-19 […]
Stock futures are flat after Thursday’s sharp sell-off
(CNBC) U.S. stock futures slipped early Friday morning after broad declines in the major tech names pushed the major averages lower during regular trading.Dow Jones Industrial Average futures were down 106 points. Futures also pointed to declines at the open […]
Warren Buffett hikes Bank of America stake by more than $800 million
(CNBC) Warren Buffett this week added to his already massive stake in Bank of America at a time when the coronavirus pandemic still clouds the U.S. and global economic outlook.mA Securities and Exchange Commission filing showed Buffett’s conglomerate, Berkshire Hathaway, […]
Intel gross margin shrinks to lowest since 2009 as product delays continue
(CNBC) Intel warned investors in April that its gross margin would dip significantly in the second quarter as the chipmaker prepared to launch a faster processor. But the company still missed its forecast for Q2, reporting its lowest margin in […]
Winning Main Street trade is moving too far, too fast, PNC’s Amanda Agati says
(CNBC) PNC Financial’s Amanda Agati warns a winning Main Street trade may burn investors. According to the firm’s chief investment strategist, fundamentals don’t support small cap value’s recent strong run. To read this article: