Monthly Archives: May 2022
Bridgewater Associates ‘swaps’ Tesla for Chinese EV companies
(Hedgeweek) Bridgewater Associates, the hedge fund led by billionaire Ray Dalio, has doubled its holdings in Chinese electric vehicle (EV) companies Li Auto and Xpeng, and significantly raised its exposure to Nio haven completely exited its position in Tesla in […]
Intel shareholders reject executive pay
(CNBC) Intel shareholders voted last week against the company’s compensation for its top executives, according to an regulatory filing published on Monday. The vote is advisory, and won’t immediately affect the compensation of Intel’s executives, but sends a signal that […]
$3 billion in bitcoin was sold in a last-ditch attempt to save UST stablecoin from collapse
(CNBC) Investors have been eager to find out what happened to the $3 billion in bitcoin bought up by crypto firm Terra to back its failed stablecoin. Now, they’ve got their answer. Luna Foundation Guard, a fund set up by […]
Stock futures are flat after S&P, Nasdaq start the week in the red
(CNBC) U.S. stock index futures were flat during overnight trading on Monday, following a volatile session that saw the S&P 500 and Nasdaq Composite continue their march lower. Futures contracts tied to the Dow Jones Industrial Average were flat. S&P […]
Musk reportedly says Twitter deal at lower price ‘not out of the question’
(CNBC) Elon Musk hinted that he could seek to renegotiate the price of his Twitter takeover, saying a deal at a lower price wasn’t “out of the question,” Bloomberg reported Monday. Musk reportedly made the comments while speaking at a […]
White House hits back at Amazon’s Bezos after Biden inflation spat
(CNBC) The White House on Monday hit back at Amazon founder Jeff Bezos after he took a swipe at President Joe Biden in a series of tweets over the weekend for his comments on inflation. The exchange began Friday when […]
SEC Obtains Final Judgment Ordering Mastermind of International Fraud Scheme to Pay $52-Million
(HedgeCo.Net) The Securities and Exchange Commission has announced that it obtained a final judgment against Canadian resident Frederick L. Sharp. In August 2021, the SEC charged Sharp with leading a fraudulent scheme that generated hundreds of millions of dollars from […]
Hedge funds outperformed the S&P Total Return Index in April, despite losing 2.66%
(Hedgeweek) Hedge funds once again outperformed the S&P Total Return Index in April, despite losing 2.66%, bringing the year-to-date loss to -5.55%, according to BarclayHedge. To read this article:
Investors could get a reprieve from vicious stock sell-off in week ahead
(CNBC) Investors could get a reprieve this week from the vicious selling cycle that has gripped the stock market since late March. Stocks bounced off of Thursday’s washout lows and were set to exit the week with reduced losses after […]
Amazon’s Bezos blasts Biden administration on inflation, says it’s most hurtful to the poor
(CNBC) Amazon founder Jeff Bezos tweeted on Sunday that inflation is most hurtful to the least affluent in the United States, and criticized President Joe Biden for the second time in a week for his comments on inflation. “In fact, […]
Stock futures fall ahead of a big week of retail earnings
(CNBC) Stock futures fell Sunday evening after a week of steep losses that ended on a high note, and ahead of a big earnings week for retailers. Futures tied to the Dow Jones Industrial Average slipped by 186 points, or […]
Ex-Goldman CEO Blankfein says recession possibility is ‘very high risk factor’
(CNBC) Former Goldman Sachs CEO Lloyd Blankfein said on Sunday he believes the economy is at risk of possibly going into a recession, as the U.S. Federal Reserve continues to raise interest rates to tackle rising inflation. Speaking on “Face […]