Monthly Archives: September 2022
C Capital targeting $500m to invest in crypto and private equity
(Hedgeweek) C Capital is planning to raise $500 million for investments in blockchain assets as well as the credit and private equity spaces on the assumption that the prices of both digital assets and private companies are bottoming out, according […]
FedEx’s bleak warning could reflect global economy ? and company’s own shortcomings
(CNBC) FedEx warned of weakening global shipping demand in a preliminary earnings report last week, leaving the market scrambling to determine whether the problems reflect internal company shortcomings or a broader economic diagnosis. To read this article:
Salesforce aims for 25% operating margin in 2026 with more efficient spending
(CNBC) Salesforce stock rose almost 3% in extended trading on Wednesday after the enterprise software maker announced a new long-range profitability goal that showed the company’s determination to operate more efficiently. Several cloud software companies, including Salesforce, have become less […]
Stock futures fall as traders weigh another large rate hike from Federal Reserve
(CNBC) U.S. stock futures fell on Thursday morning following a volatile session in the major averages as traders weighed another large rate hike from the Federal Reserve. Dow Jones Industrial Average futures declined by 109 points, or 0.36%. S&P 500 […]
Fed raises rates by another three-quarters of a percentage point, pledges more hikes to fight inflation
(CNBC) The Federal Reserve on Wednesday raised benchmark interest rates by another three-quarters of a percentage point and indicated it will keep hiking well above the current level. In its quest to bring down inflation running near its highest levels […]
2-year Treasury yield surges above 4.1% after Fed hike, highest level since 2007
(CNBC) The yield on the 2-year Treasury note topped 4.1% after the Federal Reserve raised interest rates by another 0.75 percentage point, and surged to its highest level since 2007. The policy-sensitive 2-year Treasury rose 15 basis points to 4.113%, […]
Morgan Stanley Smith Barney to Pay $35 Million for Extensive Failures to Safeguard Personal Information of Millions of Customers
(HedgeCo.Net) The Securities and Exchange Commission has announced charges against Morgan Stanley Smith Barney LLC (MSSB) stemming from the firm’s extensive failures, over a five-year period, to protect the personal identifying information, or PII, of approximately 15 million customers. MSSB […]
Emerging markets hedge funds battle surging inflation and currency risks
(Hedgeweek) Emerging Markets hedge funds extended Q2 declines through August, with losses again driven by exposure to Russian assets as well as the acceleration of global inflation, rising US interest rates and slowing economic growth, according to the latest data […]
Fed expected to hike rates by three-quarters of a point again, but its forecast may matter most
(CNBC) It’s not what the Federal Reserve does, but what it says it could do in the future that will be most crucial when the central bank ends its two-day meeting Wednesday. The Fed is expected to fire off another […]
Stock futures are flat ahead of the Federal Reserve’s expected interest rate hike
(CNBC) Stock futures were flat Tuesday evening as traders look ahead to Wednesday’s interest rate hike announcement from the Federal Reserve. Dow Jones Industrial Average futures rose by 12 points, or 0.04%. S&P 500 and Nasdaq 100 futures climbed 0.07% […]
Ford stock suffers worst day since 2011 after cost warning, shedding $7 billion in market value
(CNBC) Ford Motor’s stock suffered its worst day in more than 11 years, after the automaker pre-released part of its third-quarter earnings report and warned investors of $1 billion in unexpected supplier costs. Shares of Ford closed Tuesday at $13.09 […]
Salesforce co-CEO Benioff says there’s ‘no finish line when it comes to security’ after Uber hack
(CNBC) Salesforce co-CEO Marc Benioff said the cloud software company has much more to do in the area of cybersecurity following an attack at Uber involving Salesforce’s Slack chat app. Uber said on Monday that it believed a hacking group […]