Monthly Archives: April 2021
Qualcomm revenue pops 52% on strong smartphone demand
(CNBC) Qualcomm shares rose as much as 6% in extended trading on Wednesday after the chipmaker reported fiscal second-quarter earnings that exceeded analysts’ estimates. Here’s how the company did: To read this article:
Hedge funds off the pace on ESG integration, new bfinance investor poll finds
(Hedgeweek) Hedge funds are falling behind other sectors such as private equity and real estate when it comes to integrating ESG factors into their portfolios. To read this article:
Previously-Barred Broker Charged with Defrauding Investors in a Pre-IPO Investment Scheme
(HedgeCo.Net) According to the SEC’s complaint, in the summer of 2019, Peter R. Quartararo of Hicksville, New York, a former broker who had previously been barred by FINRA, began soliciting investors to invest through him in shares of several “unicorn” […]
Elon Musk says U.S. SEC is sometimes ‘too close’ to Wall Street hedge funds
(Reuters)Tesla Inc Chief Executive Elon Musk said on Tuesday the U.S. Securities and Exchange Commission was an important watchdog for investors but questioned why it was not more proactive against the growth of listed blank-check companies. To read this article:
Google sales top estimates on ad surge; Alphabet plans $50 billion buyback
(Reuters) Google parent Alphabet Inc on Tuesday beat quarterly revenue estimates and announced a $50 billion share buyback as the recovering economy and surging use of online services combined to accelerate its advertising and cloud businesses. To read this article:
UBS, Nomura push global banks’ Archegos losses over $10 billion
(Reuters) UBS reported an unexpected $774 million loss on Tuesday from the collapse of U.S. investment fund Archegos, taking the total hit to global banks from the stricken family office beyond $10 billion. To read this article:
Hedge fund short sellers continue to target embattled energy services provider Petrofac
(Hedgeweek) Hedge fund short sellers continue to target global oilfield services provider Petrofac, which has suffered a USD180 million annual loss and falling revenues amid an ongoing fraud investigation. To read this article:
Crypto hedge fund Nickel Digital is thriving on bitcoin’s price volatility
*Hedgeweek) As the ongoing digital assets boom continues to throw up myriad investment opportunities for asset managers and investors alike, London-based Nickel Digital Asset Management aims to bridge the gap between traditional finance and the cryptocurrency market, offering a diverse […]
Microsoft says LinkedIn topped $3 billion in ad revenue in the last year, outpacing Snap and Pinterest
(CNBC) Microsoft said Tuesday LinkedIn’s ads business has brought in more than $3 billion in revenue during the year ended March 31, outpacing pure-play digital ads competitors like Snap and Pinterest. The company does not regularly report revenue from LinkedIn’s […]
Florida Company and CEO Charged with Operating a Ponzi Scheme
(HedgeCo.Net) The Securities and Exchange Commission has announced that it filed an emergency action and obtained a temporary restraining order and an asset freeze to stop an alleged Ponzi scheme and misappropriation of investor proceeds perpetrated by Melbourne, Florida resident […]
UBS takes a hit from Archegos scandal as it reports first-quarter net profit of $1.8 billion
(CNBC) UBS reported on Tuesday net income of $1.8 billion for the first quarter of 2021, as it revealed a hit to earnings from the scandal involving Archegos Capital. “Our first quarter results also factored in a loss related to […]
GameStop shares jump after the Reddit favorite raises $551 million in stock sales
(CNBC) GameStop’s stock price climbed in extended trading Monday after the video game retailer said it sold 3.5 million additional shares, raising $551 million to speed up the company’s e-commerce transformation. The stock, favored by the Reddit retail trading crowd, jumped […]