Category Archives: Syndicated
PayPal raises $4 billion in debt deal as business soars during pandemic
(Marketwatch) The coronavirus might be making paper money seem dirtier than ever. PayPal Holdings Inc., a digital payments platform that helps money move online, raised $4 billion in the corporate bond market on Monday, underscoring how companies that make life […]
Stocks will stage an epic rebound to all-time highs within 12 months, CFRA’s Sam Stovall predicts
(CNBC) What a difference a year may make. CFRA’s Sam Stovall believes stocks will return to all-time highs in the next 12 months. “In other bear markets going back to 1929, and the average 13 month advance was 50%,” the […]
Hedge fund oil bulls switch to buying Brent
(Reuters) – Hedge funds continued to buy petroleum last week, extending a six-week buying cycle on expectations that the oil industry has now moved through the worst point in the crisis brought on by the volume war and pandemic. To […]
Stock futures fall as investors monitor efforts to reopen the economy
(CNBC) Stocks futures fell in overnight trading on Monday as investors evaluated the latest attempts to reopen the economy. Futures on the Dow Jones Industrial Average dropped 221 points, implying a Tuesday opening decline of about 229 points. Futures on […]
Dollar outlook powers rare gap between positioning surveys
(Reuters) – A rare gap has opened up between a widely tracked positioning gauge and investor surveys collated by the world’s top banks in the global $6.6 trillion per day foreign exchange market. To read this article:
Marriott CFO expects regional business to pick up first as states relax coronavirus restrictions
(CNBC) Marriott shares drop as occupancy plunges because of coronavirus pandemic. Regional destinations that guests can get to by car will be the first to rebound, the chief financial officer at Marriott International said Monday after the hotel giant reported […]
Hedge funds surge to best gain since 2009 as managers navigate pandemic volatility
(Opalesque) Hedge funds surged to the strongest monthly gain in over 10 years in April, as managers positioned for the re-opening of global economies which have been shut down as a result of the coronavirus pandemic, while also navigating historic […]
Stock Futures rise following back-to-back rallies on Wall Street
(CNBC)U.S. stock futures rose on Monday morning after Wall Street posted consecutive rallies to end last week amid the prospects of the global economy reopening soon. Dow Jones Industrial Average futures traded 88 points higher, implying a Monday opening gain […]
Cryptocurrency Hedge-Fund Survey Hints at Big Quant Disparities
(Bloomberg) (Bloomberg) — Cryptocurrency-focused hedge funds’ assets under management jumped in 2019, according to a new survey, but there were some big differences in performance during the year. To read this article:
Mnuchin says jobless numbers will ‘get worse before they get better’ — unemployment may have hit 25%
(CNBC) Treasury Secretary Steven Mnuchin acknowledged Sunday that the U.S. unemployment rate may have already reached 25% as the administration works to reopen the economy amid the coronavirus pandemic. To read this article:
Elon Musk threatens to move Tesla out of California, then files lawsuit
(Narketwatch) Tesla Inc. Chief Executive Elon Musk tweeted Saturday he will move the Silicon Valley car maker’s headquarters and operations out of California as the company’s main car-making factory remains closed. To read this article:
For central banks, hope for precision fades amid pandemic uncertainty
(Reuters) – Central bankers who have spent a generation researching how their words influence the economy and honing the craft of “forward guidance” are now effectively tongue-tied by a health crisis that has no clear destination yet to guide households […]