Monthly Archives: May 2022
Stock futures are higher after the Nasdaq posts worst month since 2008
(CNBC) U.S. stock index futures were higher during early morning trading Monday after the Nasdaq Composite Index posted its worst month since 2008, pressured by rising rates, rampant inflation, and underwhelming earnings from some of the largest technology companies. Futures […]
Warren Buffett says inflation ‘swindles almost everybody,’ Munger rails against bitcoin, at Berkshire meeting
CNBC) Berkshire Hathaway Chairman Warren Buffett on Saturday put fresh money behind Activision and Chevron and doled out sharp criticism against speculation in the market. Speaking at Berkshire Hathaway’s first in-person annual meeting since 2019, Buffett went so far as […]
U.S. Treasury yields start May higher as traders look ahead to Fed meeting
(CNBC) U.S. Treasury yields continued their push higher on Monday, as investors monitored economic data and monetary policy on the first trading day of May. The yield on the benchmark 10-year Treasury note rose 5 basis points to 2.9416% by […]
Mutual Fund Executives Charged with Misleading Investors in Funds that Suffered $1 Billion Loss
(HedgeCo.Net) The Securities and Exchange Commission has filed a civil action alleging that investment advisers LJM Funds Management Ltd. and LJM Partners Ltd. and their portfolio managers, Anthony Caine and Anish Parvataneni, fraudulently misled investors and the board of directors of a […]
Salesforce growth accelerates as company offers strong guidance for coming fiscal year
(CNBC) Salesforce shares rose 5% in extended trading on Thursday after the cloud software maker issued earnings and guidance that surpassed analysts’ expectations. Here’s how the company did: To read this article:
Fed’s Kaplan cites real estate excesses as one reason to start tapering purchases
(CNBC)Dallas Federal Reserve President Robert Kaplan cited potential excesses in the housing market and other inflation signs as an indication that the central bank should start slowly pulling back on its asset purchase program. With the Fed still buying at […]
JPMorgan’s Dimon, Citigroup’s Fraser doubt Biden’s minimum global corporate tax rate plan would work
(CNBC) JPMorgan Chase CEO Jamie Dimon and Citigroup chief Jane Fraser on Thursday expressed concerns over President Joe Biden’s effort to hike the amount of taxes businesses pay on foreign profits and a concurrent goal to set a global minimum […]
State Street Backed Two Activist Hedge Fund Nominees For Exxon Board
(Reuters) Asset manager State Street Corp voted for two of the four candidates put forward by activist hedge fund Engine No. 1 for Exxon Mobil’s board, a spokesman for the Boston firm said late on Thursday. State Street was Exxon’s […]
The party is not over for growth stocks
(Opalesque) Robert Zuccaro, a quantitative investment pioneer and founder of Target QR Strategies, raises a new angle to this year’s debate on growth stocks versus value stocks. Russell Investments predicted that value stocks would outperform growth stocks this year. “Much […]
U.S. weekly jobless claims drop to fresh 14-month low; economic recovery gaining speed
(Reuters) The number of Americans filing new claims for unemployment benefits dropped more than expected last week as layoffs subsided, with companies desperate for workers to meet surging demand unleashed by a rapidly reopening economy. To read this article:
Snowflake reports widening losses but raises full-year guidance
(CNBC) Snowflake shares fell as much as 8% in extended trading on Wednesday after the data-analytics software company barely met analysts’ expectations for product revenue, the company’s main source of total revenue, for the full fiscal year. To read this […]
Jeff Bezos to formally step down as Amazon CEO on July 5, Andy Jassy to take over
(CNBC) Amazon CEO Jeff Bezos will step down on July 5, turning the helm over to cloud-computing boss Andy Jassy. “We chose that date because it’s sentimental for me, the day Amazon was incorporated in 1994, exactly 27 years ago,” […]