Monthly Archives: April 2022
The US dominates the list of global top five VC funded companies in 2021
(Opalesque) With three US-based companies-Cruise, Robinhood, and Databricks-collectively attracting $12.8 billion worth of venture capital (VC) funding, the USA dominated the list of the global top five VC-funded companies in 2021, said a study. According to a report by GlobalData, […]
Fintech stocks Toast, Affirm close down on analyst concerns about ‘longer-term growth trajectories’
(CNBC) Shares of Toast and Affirm dropped on Tuesday after analysts at MoffettNathanson said “longer-term growth trajectories are likely to disappoint” at the two fintech companies. Toast, a point-of-sale software provider for restaurants, was down almost 12% at close Tuesday […]
Takeover Bid of Fortune 500 Company was a Sham
(HedgeCo.Net) The Securities and Exchange Commission has charged Melville ten Cate, a U.S. citizen residing abroad, with fraud stemming from his allegedly phony offer to purchase Textron – a large U.S.-listed aircraft, defense, and industrial company. The SEC’s complaint, filed […]
Emerging markets suffer $9.8 billion outflow in March with big hit to China
(Reuters) Emerging markets suffered their first portfolio outflows in a year in March, driven by investors ditching Chinese assets and growing anxiety over recent geopolitical events, a report by the Institute of International Finance (IIF) showed on Tuesday. Foreign net […]
Investment firm files demand for arbitration against Morgan Stanley –
(Reuters) Disruptive Technology Solutions LLC and affiliated funds have filed a demand for arbitration against Wall Street bank Morgan Stanley (MS.N) with the Financial Industry Regulatory Authority, the Wall Street Journal reported, citing a copy of the letter it had […]
How U.S. banks are dipping their toes in the crypto water
(Reuters) Last week, a top U.S. banking regulator warned of growing risks as banks start to capitalize on the popularity of cryptocurrencies to offer related services to clients. Here is how some of the biggest banks operating in the United […]
Fed’s Mary Daly says high inflation ‘is as harmful as not having a job,’ pledges rate hikes ahead
(CNBC) San Francisco Fed President Mary Daly is worried about inflation, telling an audience Tuesday that the high cost of living is causing a heavy burden on society. “I understand that inflation is as harmful as not having a job,” […]
SEC Obtains Final Judgment Against Hedge Fund Adviser Who Jury Found Liable for Securities Fraud
(HedgeCo.Net) The Securities and Exchange Commission has obtained a final judgment against a hedge fund adviser and his investment advisory firm. According to the SEC’s complaint, filed in September 2018, Gregory Lemelson and Massachusetts-based Lemelson Capital Management, LLC (“LCM”) were […]
Hedge funds’ confidence level remains resilient
(Opalesque) Confidence levels reported by hedge funds remain resilient despite a number of prevailing headwinds impacting the global economy, including the war in Ukraine and subsequent economic sanctions being imposed, consumer price inflation being at a 40-year high, not forgetting […]
Elon Musk thumbs his nose at the SEC again with Twitter stake
(CNBC) The Securities Exchange Commission has another reason to come after Elon Musk. The world’s richest man disclosed Monday that he’s acquired a 9.2% stake in Twitter, sending the social media company shares up more than 28% in afternoon trading. […]
Stock futures are flat in overnight trading after tech-led rally
(CNBC) Stock futures were flat in overnight trading Monday after investors bought the dip in technology shares following recent weakness. Futures on the Dow Jones Industrial Average dipped 14 points. S&P 500 futures were little changed, and Nasdaq 100 futures […]
Bear market rally’ is setting stage for a correction, Morgan Stanley’s Mike Wilson warns
(CNBC) A major Wall Street firm is on correction watch. Despite the latest market bounce, Morgan Stanley’s Mike Wilson is bracing for an S&P 500 decline of at least 13% between now and September. To read this article: