Monthly Archives: June 2021
AMC, meme stocks could spark more heat in the week ahead as investors await inflation news
(CNBC) Inflation data is a highlight of the week ahead, as investors focus on economic news in the void between earnings season and the next Fed meeting. May’s consumer price index is scheduled to be reported Thursday, and it could […]
Higher interest rates would be good for the country, Treasury Secretary Yellen says
(CNBC) U.S. Treasury Secretary Janet Yellen said that President Joe Biden’s $4 trillion spending proposal would be positive for the country, even if it leads to a rise in interest rates. During an interview with Bloomberg News, the former Federal […]
Financial advisors feel pull of cryptocurrency wave as more clients express interest
(CNBC) When the market was crashing in March 2020, financial advisor Ivory Johnson, founder of Delancey Wealth Management, decided it was time to introduce cryptocurrencies to his clients. “I did it because I saw how active the Federal Reserve was […]
Market bull lists inflation as top risk, warns investors may get a ‘wake-up call’ this summer
(CNBC) There’s an overwhelming risk that’s concerning long-time bull Phil Orlando right now. Inflation, according to the Federated Hermes chief market strategist, could be stickier than the Federal Reserve anticipates. He warns it could spook Wall Street and put investors […]
U.S. alternative asset managers: Fundraising reach new heights at $67.3bn in Q1
(Opalesque) According to Moody’s first-quarter report on U.S. alternative asset managers, total fundraising for Q1 2020 rose to $67.3 billion, a 22% increase from the same time a year ago, and 5% from Q4 2020. Meanwhile, total AUMwas up 36% […]
Emerging markets hedge funds surge as global economy rebounds
(Opalesque) Emerging Markets (EM) hedge funds, led by funds investing in China, India and the Middle East extended their 2020 surge into 2021 as EM hedge fund capital reached a new record, with performance driven by gains in EM regional […]
Federal Court Orders Florida Man to Pay More than $500,000 for Attempting to Fraudulently Profit From COVID-19
(HedgeCo.Net) The Commodity Futures Trading Commission has announced that the U.S. District Court for the Western District of Texas entered an order granting the CFTC’s motion for default judgment against defendant James Frederick Walsh of Boca Raton, Florida. The order finds […]
SEC Obtains Final Judgments Against Two Former Officers in Accounting Fraud
(Hedgeco.Net) The United States District Court for the District of Minnesota has entered final consent judgments against two former executives of Digiliti Money Group, Inc., a now-defunct financial technology firm. The SEC’s complaint, filed on April 3, 2019, alleged that, between […]
Bill Ackman’s Pershing Square nears record $40 billion SPAC deal with Universal Music
(CNBC) Billionaire investor Bill Ackman’s blank-check company is closing in on a deal to take Universal Music Group public in what would be the largest special purpose acquisition company deal ever. To read this article:
May jobs data expected to be strong, and could add to Fed debate on tapering bond buying
(CNBC) Job growth in May is expected to be more than double the pace of April, with hiring picking up in pandemic hit sectors like retail and restaurants but also more broadly across the economy. Economists expect 671,000 jobs were […]
AMC ends wild trading day down 18% after generating $587-Million
(CNBC) AMC Entertainment shares ended a rollercoaster trading session down 18% on Thursday after the company announced a stock sale. The wild trading day is the latest in the theater chain meme stock’s movement driven by retail investors banding together […]
Wall Street should brace for ‘larger than normal price swings,’ PNC’s chief investment officer warns
(CNBC) A top investor expects volatility to dominate Wall Street for months. Amanda Agati, PNC Financial’s chief investment officer, lists stretched market valuations, Federal Reserve taper chatter and the end of stimulus checks as troubling forces in the market. “You […]
