Monthly Archives: June 2022
Pinterest CEO Ben Silbermann is stepping down and the stock is up
(CNBC) Longtime Pinterest CEO Ben Silbermann is stepping down, the company announced Tuesday. Shares jumped more than 5% in after-hours trading. Bill Ready, who was previously in charge of Google’s commerce business, is taking over the helm, effective Wednesday. Prior […]
Canadian Public Company and Its CEO Charged in Fraudulent Microcap Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged Canadian citizen Bradley Moynes and Canadian corporation Digatrade Financial Corp. for engaging in a deceptive scheme involving microcap companies that generated more than $1.5 million in unlawful stock sale proceeds at the […]
Robinhood shares jump 14% on report FTX may be exploring a deal
(CNBC) Robinhood shares jumped on Monday after Bloomberg News reported crypto exchange FTX was considering acquiring the trading app. The stock soared 14% to its session high and was briefly halted after a report that FTX was discussing a takeover […]
One of the most prominent crypto hedge funds just defaulted on a $670 million loan
(CNBC) Prominent crypto hedge fund Three Arrows Capital has defaulted on a loan worth more than $670 million. Digital asset brokerage Voyager Digital issued a notice on Monday morning, stating that the fund failed to repay a loan of $350 […]
UiPath to cut 5% of its workforce as part of restructuring plan
(CNBC) UiPath will reduce roughly 5% of its total workforce as part of a restructuring plan, according to a new SEC filing. The company, a provider of software for automating office tasks, said that it had 4,200 employees as of […]
JPMorgan and Citigroup keep dividend unchanged as rivals including Morgan Stanley boost payouts
(CNBC) JPMorgan Chase and Citigroup said Monday that increasingly stringent capital requirements forced the firms to keep their dividend unchanged while rivals announced bumps to their quarterly payouts. Bank of America said that it was raising its quarterly dividend by […]
Stock index futures slip following a losing day Monday
(CNBC) Stock futures were little changed early on Tuesday following a losing day as investors prepare to rebalance their portfolios with the end of the quarter fast approaching. Futures on the Dow Jones Industrial Average lost 7 points or 0.02%. […]
Don’t get ‘sucked back in’: Fund manager says investors should learn from past bear markets
(CNBC) The stock market bounce in recent days is just a relief rally and investors should avoid getting sucked back in, according to Trevor Greetham, head of multi-asset at Royal London Asset Management. The positive momentum for global stocks looked […]
SEC Obtains Preliminary Injunction and Appointment of a Receiver in Pre-Ipo Stock Fraud by Unregistered Broker-Dealer
(HedgeCo.Net) The Securities and Exchange Commission has obtained a preliminary injunction, appointment of a receiver, and continued partial asset freeze order against StraightPath Venture Partners LLC, StraightPath Management LLC, Brian K. Martinsen, Michael A. Castillero, Francine A. Lanaia, and Eric […]
Bridgewater’s bearish bets on European stocks jump to $10.5 bln – Bloomberg News
(Reuters) Bridgewater Associates has raised its short position on European stocks to $10.5 billion, nearly doubling from the previous week, according to a Bloomberg News report on Thursday, in a sign the hedge fund was increasingly bearish on equities in […]
JP Morgan sees portfolio rebalancing lifting U.S. stocks 7% next week
(Reuters) U.S. equities could see a 7% move up next week as investors rebalance their portfolios after a brutal first half of the year, J.P. Morgan’s chief global markets strategist, Marko Kolanovic, said on Friday. Next week marks the end […]
Stock futures rise slightly following a major comeback week for stocks
(CNBC) U.S. stock futures rose slightly on Sunday night following a major rebound last week from this year’s steep declines. Despite the bounce, Wall Street is preparing to wrap up the worst first half for stocks in decades. Dow Jones […]