Monthly Archives: May 2023
Lucid posts a wider loss as demand concerns linger, says it has enough cash to last into 2024
(CNBC) Luxury electric vehicle maker Lucid Group on Monday reported a wider first-quarter loss, but said that it still has enough cash to continue operations into next year. Shares were down over 8% in after-hours trading following the news. To […]
Palantir soars on earnings beat and prediction of full-year profitability
(CNBC) Shares of Palantir rose as much as 28% in extended trading Monday after the company released first-quarter earnings that beat analysts’ estimates and said it expects to be profitable through the end of the year. To read this article:
Institutional interest in crypto is ‘maturing,’ says Cantor Fitzgerald’s Han
(CNBC) It may look and feel like crypto has lost its shine for institutional investors, but their interest is still there to stay and may even be maturing, according to Cantor Fitzgerald’s Elliot Han. Han, who leads the firm’s crypto, […]
Investment Adviser and Fund Trustees Charged with Liquidity Rule Violations
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against investment adviser Pinnacle Advisors LLC for aiding and abetting Liquidity Rule violations by a mutual fund it advised and whose Liquidity Risk Management Program it administered. The SEC also charged […]
Warren Buffett says American banks could face more turbulence ahead, but deposits are safe
(CNBC) Berkshire Hathaway CEO Warren Buffett on Saturday assailed regulators, politicians and the media for confusing the public about the safety of U.S. banks and said that conditions could worsen from here. Buffett, when asked about the recent tumult that […]
Stock futures are flat to start the week
(CNBC) U.S. stock futures were flat on Sunday evening. Futures tied to the Dow Jones Industrial Average added 10 points, while S&P 500 and Nasdaq-100 futures were flat. Over the weekend, billionaire investor Warren Buffett commented on a slew of […]
The best wisdom from Warren Buffett and Charlie Munger at Berkshire Hathaway’s annual meeting
(CNBC) Berkshire Hathaway’s annual shareholder meeting on Saturday included dozens of questions spanning topics such as investing strategy, artificial intelligence and politics for the legendary investors at the helm of the conglomerate: Chairman Warren Buffett and Vice Chairman Charlie Munger. […]
Yellen warns of ‘economic chaos’ unless Congress raises the debt ceiling
(CNBC) Treasury Secretary Janet Yellen on Sunday said that failure to raise the debt ceiling will cause a “steep economic downturn” in the U.S., and she reiterated her warning that the Treasury Department may run out of measures to pay […]
Ether rallies 5% as meme mania tries to reenter the crypto market
(CNBC) The price of ether jumped on Friday as investors gambled on crypto’s newest memecoins.Ether closed higher by 5.61% at about $1,990, according to Coin Metrics. It’s still below the key $2,000 level it briefly broke through in April following […]
US investors should look to international equities, says AQR boss
(Hedgeweek) US stocks may have consistently outperformed their international peers over the past three decades, but AQR Capital Management’s co-founder and CIO Cliff Asness believes that streak could be ending and international equities may be a better bet for US […]
Advisory Firm Charged with Breach of Fiduciary Duty in Connection with Use of Leveraged ETFs
(HedgeCo.Net) The Securities and Exchange Commission has announced settled charges against Fargo, North Dakota-based investment adviser Classic Asset Management LLC (CAM) and indirect part-owner and investment adviser representative Douglas G. Schmitz for breach of fiduciary duty in connection with the […]
Apple reports better-than-expected quarter driven by iPhone sales
(CNBC) Apple reported second-fiscal quarter earnings on Thursday that beat Wall Street’s soft expectations, driven by stronger-than-anticipated iPhones sales. Apple CEO Tim Cook told CNBC that the quarter was “better than we expected.” However, Apple’s overall sales fell for the […]