Monthly Archives: April 2021
Market neutral long/short hedge funds’ recent bounce remains vulnerable to factor rotations, says Lyxor
(HedgeWeek) Market neutral long/short hedge funds have been boosted by the recent bounce in Momentum stocks – but Lyxor Asset Management strategists believe the strategy is vulnerable to sudden factor rotations over the longer-term. To read this article:
Market braces for key inflation report Tuesday that may test the Fed’s mettle
(CNBC) The pace of consumer inflation is likely to have returned to prepandemic levels in March, and it is expected to heat up even more in the next couple of months. Rising inflation is one of the biggest fears in […]
Stocks slip off record highs ahead of earnings, U.S. data
(Reuters) – The dollar fell slightly on Monday and a gauge of global equity markets slid from record highs last week as investors wait to see whether an expected jump in U.S. earnings will justify stock prices already trading at […]
CEO of a top bitcoin exchange warns a crackdown on cryptocurrencies may be coming
(CNBC) Governments around the world may start to clamp down on the use of bitcoin and other cryptocurrencies, the CEO of a top crypto exchange has warned. A number of officials — from U.S. Treasury Secretary Janet Yellen to European […]
NYSE launches ‘First Trade’ NFTs of Spotify, Snowflake and more
(CNBC) The New York Stock Exchange announced Monday it would launch “First Trade” NFTs, to memorialize the true first trade of six stocks on the public markets. NFTs, or non-fungible tokens, are a type of digital asset created to track […]
BlackRock, Mustier’s blank-check firm eye Credit Suisse fund management arm – sources
(Reuters) BlackRock and Jean-Pierre Mustier’s blank-check firm are among investors expressing interest in Credit Suisse’s asset management arm, three sources told Reuters, as the Swiss lender explores options for the unit after a run of costly scandals. To read this […]
Alibaba shares jump 5% after being hit with $2.8 billion fine in anti-monopoly probe
(CNBC) Alibaba shares in Hong Kong jumped more than 5% on Monday after the company was fined 18.23 billion yuan ($2.8 billion) by Chinese regulators as a result of an anti-monopoly investigation. “Despite the record fine amount, we think this […]
Microsoft in advanced talks to buy Nuance for about $16 billion, announcement could come Monday
(CNBC) The plans illustrate Microsoft’s recent efforts to expand through deals. Microsoft considered buying the U.S. operations of video-sharing app TikTok last year, and last month it completed the $7.5 billion acquisition of video game maker Zenimax. Nuance would be […]
Powell says it’s ‘highly unlikely’ the Fed will raise rates this year, despite stronger economy
(CNBC) Despite what he sees as a rapidly recovering economy, Federal Reserve Chairman Jerome Powell on Sunday reaffirmed the central bank’s commitment to keep loose monetary policy in place. That includes a statement of near-certainty that interest rates won’t be […]
Stock futures slip after Dow, S&P 500 hit fresh records
(CNBC) Futures contracts tied to the major U.S. stock indexes ticked lower during the overnight session Sunday evening, suggesting Wall Street could see muted trading on Monday after reaching fresh records last week. Dow futures lost 35 points, while contracts […]
Credit Suisse’s U.S. brokerage files lawsuit over data leak
(Reuters) The U.S. brokerage subsidiary of Credit Suisse Group AG has disclosed that former employees’ personal data was leaked last month and that it had filed a lawsuit over the matter, in the latest snafu for the Swiss banking giant. […]
Federal Court Orders Nevada Company and its Owner to Pay More Than $32 Million for Cryptocurrency Fraud and Misappropriation Scheme
(HedgeCo.Net) The Commodity Futures Trading Commission has announced that following a hearing on the merits, the U.S. District Court for the District of Nevada entered a default judgment against defendants David Gilbert Saffron, an Australian citizen residing in Las Vegas, […]