Monthly Archives: April 2020
SEC Charges Company and CEO for COVID-19 Scam
(HedgeCo.Net) The Securities and Exchange Commission today announced charges against Praxsyn Corp. and its CEO for allegedly issuing false and misleading press releases claiming the company was able to acquire and supply large quantities of N95 or similar masks to […]
Markets remain volatile amid lockdown exit “marathon”, says BlueBay
(Hedgeweek) Volatility across asset classes will remain elevated as global economies grapple with the continued coronavirus lockdown, with Black Swan events appearing “all too often”, according to BlueBay Asset Management. To read this article:
Stock futures rise slightly ahead of Fed decision
(CNBC) Stock futures rose slightly in overnight trading on Tuesday as investors eyed guidance from the Federal Reserve on the future path of interest rates with a gradual reopening of the economy in sight. Futures on the Dow Jones Industrial […]
Federal Reserve seeks banks’ advice as it gets into direct lending with coronavirus relief
(CNBC) The Federal Reserve has reached out to investment and retail banks for feedback on its Main Street lending program ahead of its formal launch, according to people familiar with the matter. The central bank earlier this month laid out […]
Ford projects adjusted pretax loss of $5 billion in the second quarter
(CNBC) Ford Motor lost $2 billion during the first quarter and warned investors that losses during the second quarter will widen as the company grapples with the fallout from the coronavirus pandemic that’s shuttered factories and devastated sales. To read […]
Why the US dollar is still considered such a safe currency
(CNBC) The United States now has the highest number of Covid-19 cases in the world. You wouldn’t think that was the case looking at the currency market. While the new coronavirus has spread quickly across the U.S. and wreaked havoc […]
Venture capital closes 1,000 deals less than in previous quarter
(Opalesque) Deal activity declined in venture capital markets across the globe in Q1 2020 as the world comes to terms with the COVID-19 pandemic. According to Preqin, nearly 1,000 fewer deals were completed globally in Q1 2020 compared with Q4 […]
Global M&A activity nosedives towards the end of Q1 2020
(Opalesque) The global mergers and acquisition (M&A) deal volume and value started declining with the first quarter (Q1) of 2020 approaching the end, said a study. According to GlobalData the number of announced M&A deals decreased from 2,349 in February […]
Stock futures flat after Monday’s rally on hopes for economy reopening
(CNBC) U.S. stock futures opened flat in overnight trading, following a rally in the previous session as plans to ease coronavirus-induced lockdowns fueled investor appetite for riskier assets. To read this article:
Market losses and $8bn net redemptions in Q1 push hedge fund assets down $366bn
(Opalesque) In the week ending April 24th 2020, two reports revealed that global hedge fund assets dropped below $3 trillion for the first time since April 2014, hit by client withdrawals and investment losses amid the March market rout. To […]
Former Executives and Investment Group Settle Fraud Action
(HedgeCo.Net) The U.S. District Court for the District of Oregon has entered final judgments on consent against an Oregon-based investment group and its three top executives for defrauding investors out of hundreds of millions of dollars. The SEC has also […]
HSBC’s first-quarter profits drop by nearly half as coronavirus hits
(CNBC) HSBC on Tuesday reported first-quarter earnings that missed expectations after the bank set aside more money for potentially larger loan losses due to the coronavirus pandemic and weakening oil prices. The bank, Europe’s largest by assets, said its pre-tax […]