Monthly Archives: June 2020
Dow jumps more than 500 points as Wall Street cheers record retail sales comeback
(CNBC) Stocks rose on Tuesday as a record jump in retail sales — coupled with positive trial results from a potential coronavirus treatment and hopes of more stimulus — sent market sentiment soaring. The Dow Jones Industrial Average closed 526.82 […]
Global hedge fund industry AUM declines by $204.7bn in May 2020 YTD
(Opalesque)The global hedge fund industry AUM has declined by $204.7 billion as of May 2020 year-to-date. Net outflows for Q1 stood at $85.9 billion, which compares to the $94.7 billion of net outflows in Q4 2018, said Eurekahedge Report. The […]
These are the 2020 CNBC Disruptor 50 companies
(CNBC) CNBC identifies private companies whose breakthroughs are influencing business and market competition at an accelerated pace. They are poised to emerge from the coronavirus pandemic with tech platforms that have the power to dominate. The start-ups making the 2020 […]
Dow futures drop more than 200 points in overnight trading, indicating more losses ahead
(CNBC) Stock futures fell in overnight trading on Wednesday as investors continued to monitor an uptick in new coronavirus cases amid the reopening economy. Futures on the Dow Jones Industrial Average fell 222 points, implying a Thursday opening drop of […]
SEC Chairman Jay Clayton says Americans need financial literacy now more than ever
(CNBC) Federal Reserve chief Jay Powell said on Tuesday in his congressional testimony that the recession in the wake of the coronavirus pandemic could widen income inequality for minorities and Americans in lower-income categories. Securities and Exchange Commission Chairman Jay […]
SEC Obtains Judgment Against Recipient of Ponzi Scheme Proceeds
(HedgeCo.Net) The U.S. District Court of the Southern District of Florida entered has entered a final judgment against relief defendant Rhoda Burkholz of Boca Raton, Florida, who has agreed to pay over $250,000 to resolve the SEC’s action against her […]
Leon Cooperman says speculation by Robinhood traders in stocks like airlines will ‘end in tears’
(CNBC) Billionaire investor Leon Cooperman warned that the speculative stock trading from retail investors won’t end well. “They are just doing stupid things, and in my opinion, this will end in tears,” Cooperman said on Monday on CNBC’s “Halftime Report,” […]
Dow futures surge amid report that Trump is preparing $1 trillion infrastructure proposal
(CNBC) Futures contracts tied to the major U.S. stock indexes rose early Tuesday morning as a Bloomberg report said President Donald Trump’s administration is preparing a $1 trillion infrastructure proposal.Dow Jones Industrial Average futures rose 492 points, suggesting an open […]
U.S. expected to report record rise in monthly retail sales
(Reuters) – U.S. retail sales likely experienced a record rise in May as 2.5 million Americans went back to work, although any rebound will retrace only a fraction of the historic drops in March and April amid the coronavirus lockdowns.The […]
The Fed says it is going to start buying individual corporate bonds
(CNBC)The Federal Reserve is expanding its foray into corporate credit to now buy individual corporate bonds, on top of the exchange-traded funds it already is purchasing, the central bank announced Monday.The program has the ability to buy up to $750 […]
Captrust buys $1.6bn Lakeside Wealth Management
(Opalesque) Captrust Financial Advisors, an independent registered investment advisor, has added Chesterton, Indiana-based Lakeside Wealth Management, a wealth management firm with $1.6 billion in assets under management. The Chesterton, Indiana-based said in a press release that this latest addition increases […]
World’s largest cap intro event goes live as top allocators and managers come together for Funds4Food Covid-19 fundraiser
(Hedgeweek) The largest capital introduction event in history has gone live with the launch of Funds4Food, a two-week network of virtual one-on-one meetings between alternative asset managers and leading allocators that is raising funds to aid relief efforts for victims […]