Monthly Archives: May 2022
Stock futures rise following Tuesday’s losses in the Nasdaq
(CNBC) U.S. stock futures rose on Tuesday night after the Nasdaq Composite dropped during the regular session, following a warning of slowing growth from social media company Snap that hurt the tech-heavy index. Dow Jones Industrial Average futures rose 111 […]
Bill Ackman says a more aggressive Fed or market collapse are the only ways to stop this inflation
(CNBC) Billionaire hedge fund manager Bill Ackman said raging inflation will only dissipate if the Federal Reserve acts more aggressively or the market sell-off turns into a full-on collapse “There is no prospect for a material reduction in inflation unless the Fed […]
Snap’s warning sends shock across digital advertising as investors flee social media stocks
(CNBC) Social media companies were already having a rough year from the cutback in digital ad spending caused by rising inflation, supply chain challenges and the war in Ukraine. Forecasts for the second quarter called for meager growth at best, […]
Nordstrom raises full-year outlook as first-quarter sales top expectations
(CNBC) Nordstrom on Tuesday reported fiscal first-quarter sales ahead of analysts’ expectations and hiked its full-year outlook, citing momentum in the business as shoppers visited the company’s department stores to refresh their closets with designer brands and shoes. Nordstrom now […]
BNY Mellon Investment Adviser Charged for Misstatements and Omissions Concerning ESG Considerations
(HedgeCo.Net) The Securities and Exchange Commission has charged BNY Mellon Investment Adviser, Inc. for misstatements and omissions about Environmental, Social, and Governance (ESG) considerations in making investment decisions for certain mutual funds that it managed. To settle the charges, BNY […]
Zoom pops 16% on first-quarter earnings beat and strong guidance
(CNBC) Zoom shares rose 16% in extended trading on Monday after the provider of video chat software reported better-than-expected first-quarter earnings and issued an upbeat forecast for the second period. To read this article:
JPMorgan shares pop after bank says it will reach key returns target earlier than planned
(CNBC) JPMorgan Chase on Monday reversed course on guidance it gave in January, saying the bank could achieve a key performance target this year after all. The lender said that a 17% return on tangible common equity “remains our target […]
Bitcoin could fall to $8,000, a more than 70% plunge, Guggenheim’s Minerd says
(CNBC) Bitcoin could drop further and fall to $8,000 from its current levels, Guggenheim Chief Investment Officer Scott Minerd predicted Monday. That would represent a more than 70% drop to Monday morning’s price of just over $30,000. “When you break […]
Snap plunges 30% after CEO warns company will miss revenue and earnings estimates, slow hiring
(CNBC) Snap shares plunged 30% in extended trading on Monday after CEO Evan Spiegel warned in a note to employees that the company will miss its own targets for revenue and adjusted earnings in the current quarter. The social media […]
Anatole hedge fund cuts losses by rolling back on bullish China bets
(Hedgeweek) Anatole Investment Management Ltd’s flagship hedge fund has changed tack and adopted a more defensive investment stance in a bid to stem recent losses, according to a report by Bloomberg. To read this article:
Wells Fargo Advisors Charged With Anti-Money Laundering Related Violations
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Wells Fargo Advisors for failing to file at least 34 Suspicious Activity Reports (SARs) in a timely manner between April 2017 and October 2021. Wells Fargo Advisors, the St. Louis-based […]
SS&C GlobeOp Forward Redemption Indicator at 1.97% for April
(Hedgeweek) The SS&C GlobeOp Forward Redemption Indicator for May 2022 measured 1.97%, up from 1.48% in April. To read this article: