Monthly Archives: May 2022
Stock futures rise after Dow falls for 8th-straight week in relentless sell-off
(CNBC) Stock futures rose in overnight trading Sunday after the Dow Jones Industrial Average fell for its 8th straight week amid a broader market sell-off. Futures on the Dow industrial average gained 224 points, or 0.72%. S&P 500 futures added […]
Stocks head for another potentially treacherous week, as a slew of retailers report earnings
(CNBC) If there’s more bad news from retailers in the coming week, that could be a negative catalyst for an already cranky stock market. Market pros are watching for more signs that stocks could be bottoming, though strategists say that […]
Tech stocks are mired in their longest weekly losing streak since dot-com bust
(CNBC) Tech companies haven’t seen a selloff like since 2001 and the bursting of the dot-com bubble. The Nasdaq declined 3.8% this week, falling for a seventh straight week. It’s the longest losing streak for the tech-heavy index in 21 […]
Cryptocurrency exchange Bybit offers up to 30% APY on new liquidity mining pools
(Hedgeweek) Bybit, a cryptocurrency exchange with the second largest BTC Futures exchange by open interest, has launched new pools. To read this article:
Court Enters Final Judgment Against Investment Adviser COO
(HedgeCo.Net) The United States District Court for the Southern District of New York has entered a final judgment against Richard T. Diver, the former chief operating officer (COO) of an investment adviser. According to the SEC’s complaint, filed in March […]
Melvin Investors Irate Over Fair-Weather Hedge Fund’s Shutdown
(Bloomberg) Melvin Capital Management’s traders pocketed hefty performance fees over a half-decade while achieving roughly 30% in annualized gains. Now, after a streak of steep losses, they’re abruptly returning client cash and moving on. Some of Melvin’s investors caught flat-footed […]
Stock futures rise with the S&P 500 on the brink of falling into a bear market
(CNBC) U.S. stock futures rose Thursday night as traders watched to see if the S&P 500 will tumble into bear market territory. S&P 500 futures traded 0.62% higher, while Nasdaq 100 futures gained 1%. Futures tied to the Dow Jones […]
Stephen Roach calls stagflation his base case, warns market is unprepared for the consequences
(CNBC) Stagflation is making a comeback, according to former Morgan Stanley Asia chairman Stephen Roach. He warns the U.S. is on a dangerous path that leads to higher prices coupled with slower growth. “This inflation problem is widespread, it’s persistent […]
Crypto exchange FTX U.S. moves into stock trading
(CNBC) The U.S. affiliate of crypto exchange FTX is rolling out zero-commission stock trading as part of a bigger bet that retail investors will want to see their crypto and stock investments in a single place. FTX U.S. will offer […]
Palo Alto Networks stock jumps after company lifts full-year forecast
(CNBC) Palo Alto Networks shares rose 12% in extended trading on Thursday after the network security hardware maker announced fiscal third-quarter results that came in stronger than analysts had expected. To read this article:
Rapid growth propels venture capital AUM crosses the $2tn barrier
(Opalesque) Venture capital (VC) becomes the second private capital class to hit $2tn assets under management (AUM), said a study. According to Preqin, VC AUM has hit $2.03tn as of September 2021, the most recent date for which the calculation […]
Melvin Capital says it’s winding down funds and returning money to investors during market turmoil
(CNBC) Melvin Capital Management, the hedge fund burned by the GameStop mania, said it will unwind its funds and return cash to investors as losses accelerated during the market turmoil this year.“ The past 17 months has been an incredibly […]