Monthly Archives: June 2022
Inflation won’t come down anytime soon if Tuesday’s rally lasts,
(CNBC) CNBC’s Jim Cramer said that Tuesday’s market gains need to come down in order for the Federal Reserve to beat inflation as soon as possible. “Right now, the best outcome would be for the averages to come down quickly, […]
SEC Charges Rochester, NY, and City’s Former Executives and Municipal Advisor with Misleading Investors
HedgeCo.Net) City sold $119 million of bonds to investors without disclosing financial distress. The Securities and Exchange Commission has charged the City of Rochester, New York, its former finance director Rosiland Brooks-Harris, and former Rochester City School District CFO Everton […]
Crypto lending firm Celsius asks users for more time to fix issues after halting withdrawals
(CNBC) Embattled cryptocurrency lending firm Celsius has asked users to give it more time to stabilize liquidity and operations after the market downturn caused the firm to freeze withdrawals for its customers. The cryptocurrency market has seen billions of dollars […]
ProShares is launching a short bitcoin ETF this week
(CNBC) Eight months after establishing the first U.S. bitcoin futures ETF, ProShares plans to launch the first short bitcoin-linked ETF on Tuesday in the U.S., the provider of investment products announced Monday. The ProShares Short Bitcoin Strategy, which will trade […]
Dow futures surge more than 400 points as the market is set to rebound from a brutal week
(CNBC) Stock futures rose in overnight trading Monday following a brutal week as investors assessed a more aggressive Federal Reserve and rising chances of a recession. Futures on the Dow Jones Industrial Average jumped 433 points, or 1.45%. S&P 500 […]
Have markets hit the bottom? Ed Yardeni says it’s not over until inflation peaks
(CNBC) Markets have been on a wild ride recently, swinging between gains and losses. However, the brutal selling has meant the S&P 500 is still in a bear market. When asked whether markets have hit a bottom, Wall Street veteran […]
Storied Chinese hedge fund back in action
(Hedgeweek) The net asset values of several funds run by Dan Bin’s Shenzhen Oriental Harbor Investment Management Co – one of China’s best known money managers – have shown a sudden rise in volatility indicating that the firm may be […]
“Millionaire Maker” Author Charged with Selling Securities in Unregistered Oil and Gas Offerings
(HedgeCo.Net) The Securities and Exchange Commission has charged Loral L. Langemeier and her company, Live Out Loud, Inc. (“LOL”), with selling securities in unregistered oil and gas offerings, acting as unregistered securities brokers, and breaching their fiduciary duties as investment […]
Bridgewater makes $6.7bn bet against European stocks
(Hedgeweek) Ray Dallio’s Bridgewater Associates is now the biggest short-seller of European stocks having place bets of at least $6.7 billion against European companies, according to a report by Reuters. To read this article:
Hedge fund returns improved in May, but sill in negative territory, says Citco report
(Hedgeweek) Hedge fund returns improved month-on-month in May, however, they remained in negative territory amid persistent market volatility, according to the latest monthly Hedge Fund Report from the Citco group of companies (Citco). To read this article:
Look for more selling pressure in week ahead as investors learn the hard way not to fight the Fed
(CNBC) Wall Street and the Federal Reserve appeared to enter a new reality this week, and the result for investors was big losses with no obvious end point in sight. The S&P 500 posted its 10th down week in the […]
U.S. recession isn’t ‘inevitable,’ but inflation is ‘unacceptably high,’ Treasury Secretary Yellen says
(CNBC) The recession that many Americans fear is coming is not “at all imminent,” Treasury Secretary Janet Yellen said Sunday. Talk of a recession has accelerated this year as inflation remains high and the Federal Reserve takes aggressive steps to […]
