Monthly Archives: May 2021
April jobs expected to top 1 million as consumers boost the economy
(CNBC) Job growth in April could top 1 million, though many positions also may have gone unfilled. Economists expect to see job creation in each of the next several months of over 1 million, as more Americans are vaccinated and […]
Bezos sells nearly $2 billion worth of Amazon shares
(CNBC) Amazon CEO Jeff Bezos this week sold nearly $2 billion worth of shares in his company, according to filings with the Securities and Exchange Commission compiled by OpenInsider. Bezos sold roughly $684 million worth of Amazon shares on Tuesday, […]
Proxy adviser ISS cautions on pay of JPMorgan CEO Dimon
(Reuters) Proxy adviser Institutional Shareholder Services on Wednesday recommended investors cast advisory votes in favor of the pay of JPMorgan Chase & Co CEO Jamie Dimon at the bank’s annual meeting on May 18, but with a caveat. To read […]
Clarida says the Fed is ‘a long way from our goals’ and tightening policy
(CNBC) Federal Reserve Vice Chairman Richard Clarida says he thinks the central bank should keep its ultra-loose policy in place even as the U.S. economy storms back from its pandemic-era tumble. Clarida said he expects the economy to grow close […]
If crypto cracks in the summer months, this will be ‘one of the easiest shorts’ in the book
(CNBC) Could the cryptocurrency craze cool off come summer? Closely watched digital assets including bitcoin, ether, litecoin, dogecoin and ripple rallied Wednesday, fueled by a speculative frenzy around the space that has continued to drive demand in 2021. To read […]
Lawmakers urge Yellen to expand AML reporting obligations to private equity and hedge fund advisors
(Opalesque) Two Democratic lawmakers have sent a letter to the U.S. Secretary of the Treasury Janet Yellen, urging the Department to expand anti-money laundering reporting obligations to private equity and hedge fund advisors. To read this article:
Archegos collapse shows what can happen when leverage is misapplied
(Hedgeweek) Now that the considerable cloud of dust has settled following the collapse of Bill Hwang’s family office, Archegos Capital Management, one is able to assess the damage inflicted. To read this article:
Bitcoin, ethereum see strong inflows in latest week – CoinShares data
(Hedgeweek) Bitcoin and ethereum, the two largest cryptocurrencies in terms of market capitalization, posted strong inflows last week that saw investments in the sector hit $489 million, the largest since February, CoinShares weekly data showed on Tuesday. To read this […]
Texan Charged with Defrauding Investors out of $17-Million
(HedgeCo.Net) The Securities and Exchange Commission has charged a North Texas resident with defrauding more than 50 investors out of more than $17 million dollars. The SEC’s complaint alleges that Richard Randall and his recently deceased associate engaged in a […]
BlackRock’s bond boss, overseeing trillions, says ‘every client’ is worried about inflation
(CNBC) BlackRock’s Rick Rieder told CNBC on Tuesday he frequently has discussions about whether the U.S. economy will run too hot, too fast in its recovery from the coronavirus pandemic. “Listen, every client call I’m on including the one I just […]
Yellen says U.S. pushing to end global ‘race to the bottom’ on corporate taxes
(CNBC) The U.S. is taking a two-pronged approach toward its goal of implementing a worldwide minimum tax for corporations as it progresses through negotiations with a global consortium, Treasury Secretary Janet Yellen said Tuesday. To read this article:
Hedge funds can combat inflation surge as economies begin to unlock, says K2 Advisors
(Hedgeweek) As global economies prepare to unlock, potentially driving up inflation and interest rates, hedge funds’ low sensitivity to rate moves can help bolster investors’ portfolio performance, says K2 Advisors, the hedge fund investing unit of Franklin Templeton. To read […]