Monthly Archives: April 2022
Consumer prices rose 8.5% in March, slightly hotter than expected and the highest since 1981
(CNBC) Prices that consumers pay for everyday items surged in March to their highest levels since the early days of the Reagan administration, according to Labor Department data released Tuesday. The consumer price index, which measures a wide-ranging basket of […]
SEC Obtains Final Judgments Against Unregistered Financial Firm and Its Founder for Clearing Billions of Dollars in U.S. Securities Transactions
(HedgeCo.Net) The U.S. Securities and Exchange Commission has obtained final judgments against Global Investment Strategy (GIS), a London, UK-based financial services firm, charged with clearing and settling billions of dollars of U.S. securities transactions without registering as a broker-dealer in […]
Bitcoin falls below $40,000 for the first time in almost a month as investors assess global macro risks
(CNBC) The price of bitcoin stumbled on Monday as investors assessed the risks from rising rates and the potential for more tightening by the Federal Reserve. Bitcoin last fell 7% to $40,009.78, according to Coin Metrics. Earlier in the day […]
Stock futures inch higher ahead of big inflation report
(CNBC) U.S. stock futures inched higher in overnight trading as investors braced for a key inflation report Tuesday. Futures on the Dow Jones Industrial Average gained 40 points or 0.1%, while S&P 500 futures and Nasdaq 100 futures rose marginally […]
March’s runaway energy prices and higher food costs could mean hottest consumer inflation since 1981
(CNBC) Consumer price inflation in March is expected to have spiked the most since December 1981, driven by higher food costs, rising rents and runaway energy prices. The consumer price index will be released Tuesday at 8:30 a.m. ET, and […]
Quant fund managers believe access to high quality data is key, new research shows
(HedgeWeek) New research from quant technologies provider SigTech reveals there is a growing focus among fund managers on improving the quality of data, with some 77% of managers interviewed believing that to achieve above-average returns in the future, accessing high […]
Hedge funds trim YTD losses to -3.36% with 0.39% gain in March
(Hedgeweek) The hedge fund industry got back to monthly gains in March, eking out a 0.39% return for the month, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions. To read this article:
Federal Court Orders Danish Resident to Pay Over $4.7 Million for Forex Fraud and Misappropriation
(HedgeCo.Net) The Commodity Futures Trading Commission has announced the U.S. Court for the Southern District of New York has entered an order and a final judgment against Danish resident Casper Mikkelsen, a/k/a Carsten Nielsen, a/k/a Brian Thomson, a/k/a Thomas Jensen, […]
Big banks’ earnings and a hot inflation report could sway markets in short holiday week
(CNBC) Markets face what could be a hot inflation report in the week ahead and a batch of big bank earnings to start the earnings season. JPMorgan Chase and BlackRock kick off the financial industry’s first-quarter earnings releases Wednesday, with […]
Stock futures are lower as Wall Street struggles to rebound from a losing week
(CNBC) Stock futures declined on Sunday evening as Wall Street looks to shake off a losing week. Futures tied to the Dow Jones Industrial Average declined 181 points, or around 0.5%. Those for the S&P 500 also shed 0.7%, while […]
Here’s how the Fed raising interest rates can help get inflation lower, and why it could fail
(CNBC) The view that higher interest rates help stamp out inflation is essentially an article of faith, based on long-held economic gospel of supply and demand. But how does it really work? And will it work this time around, when […]
CI announces plan to sell part of its US wealth business via IPO
(Opalesque) CI Financial, the Canadian-based asset management firm which has been aggressively buying up registered investment advisors in the United States, plans to take its $133 billion U.S. wealth management business public. The integrated global wealth and asset management company […]