Monthly Archives: September 2022
SEC Charges Father-Son Duo and Associate in Market Manipulation Schemes Resulting in a New Jersey Deli with a $100 Million Valuation
(HedgeCo.Net) The Securities and Exchange Commission has charged Peter L. Coker Sr., Peter L. Coker Jr., and James T. Patten for their roles in orchestrating fraudulent manipulative securities trading schemes. These schemes included artificially inflating the share price of Hometown International, […]
Trump-linked SPAC changes address to UPS Store as investors pull more than $130 million
(CNBC) Digital World Acquisition Corp., the blank-check company looking to take Trump Media and Technology Group public, has changed its listed address to a UPS Store in Miami. The change from a Miami office building to a UPS address came […]
Stock futures rise after S&P 500, Dow close at lowest levels since 2020
(CNBC) Stock futures were higher on Tuesday morning after the market started the week by continuing its dramatic September decline. S&P 500 futures gained 0.68% and Nasdaq 100 futures rose 0.74%. Those tied to the Dow Jones Industrial Average advanced […]
SS&C GlobeOp Forward Redemption Indicator at 2.67% for September
(CNBC) The SS&C GlobeOp Forward Redemption Indicator for September 2022 measured 2.67%, up from 2.35% in August. To read this article:
Wall Street’s fear gauge hits highest level since June
(CNBC) A measure of fear in stocks just hit the highest level in three months amid mounting worries over rising rates, a possible currency calamity and a recession. The Cboe Volatility Index known as the VIX, jumped nearly 3 points […]
Hedge funds down slightly in August, says Citco
(Hedgeweek) Performance of hedge funds administered by the Citco group of companies (Citco) dipped marginally in August, with an average weighted return of -0.6%, down from 3% in July. To read this article:
Morningview Financial Charged with Acting as Unregistered Securities Dealers
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Morningview Financial, LLC (“Morningview Financial”) and its managing member, Miles M. Riccio of Los Angeles, California, for failing to register as securities dealers with the SEC. Morningview Financial and Riccio […]
Funds of hedge funds negative in H1, says Citco
(Hedgeweek) Funds of hedge funds administered by the Citco group of companies (Citco) experienced negative performance in the first half of the year, with an average weighted return of -5% and a median return of -4.37%. To read this article:
Stock futures fall as investors prepare for the S&P 500 to test its June low
(CNBC) U.S. equity futures were lower Sunday evening after surging interest rates and foreign currency turmoil pushed the major averages to near their lows of the year. Dow Jones Industrial Average futures fell 0.55%. S&P 500 futures also fell 0.61% […]
Tech stocks just had their worst two-week stretch since the start of the pandemic
(CNBC) What started off as a third-quarter rebound has turned into a flop for tech investors. The Nasdaq Composite tumbled 5.1% this week after losing 5.5% the prior week. That marks the worst two-week stretch for the tech-heavy index since […]
Atlanta Fed President Bostic expects job losses but says there’s a really good chance to get to 2% inflation without killing the economy
(CNBC) Raphael Bostic, the president of the Federal Reserve Bank of Atlanta, appeared on CBS’ “Face The Nation” Sunday morning with a continued commitment to the 2% inflation target and a cautiously optimistic outlook on the path to get there. […]
New minimum tax could hit Berkshire Hathaway and Amazon hardest, study shows
(CNBC) Researchers applied the Inflation Reduction Act’s new 15% corporate minimum tax onto 2021 company earnings and found that the burden would only be felt by about 78 companies, with Berkshire Hathaway and Amazon paying up the most. To read […]
