Monthly Archives: September 2021
SEC Charges Two Individuals for Wash Trading Scheme Involving Options of “Meme Stocks”
(HedgeCo.Net) The Securities and Exchange Commission has charged a Florida resident and his friend for engaging in a fraudulent scheme designed to collect liquidity rebates from exchanges by wash trading put options of certain “meme stocks” in early 2021. According […]
Hedge funds score taper trade hat trick:
(Reuters) Ahead of the Fed’s policy meeting last week, hedge funds sold Treasuries, positioned for a steeper 2s/10s yield curve, and increased their bullish bets on the dollar. Going by markets’ initial reaction to the Fed’s hawkish turn, the combination […]
Institutional investors stay cautious on crypto, as hedge funds ride bitcoin volatility
(Hedgeweek) As hedge funds continue to ride out cryptocurrencies’ volatility, new industry research suggests larger institutional investors remain reluctant to pile into digital assets in any meaningful sense, despite the strong returns generated by managers this year. To read this […]
Fed Chair Powell to warn Congress that inflation pressures could last longer than expected
(CNBC) Federal Reserve Chairman Jerome Powell, in remarks to be delivered Tuesday, cautioned Washington legislators that the causes of the recent rise in inflation may last longer than anticipated. In a speech that he will deliver to the Senate Banking […]
Dallas Fed President Kaplan to retire early on Oct. 8, citing trading disclosure ‘distraction’
(CNBC) Dallas Federal Reserve President Robert Kaplan became the second regional central bank leader to resign Monday, saying he was stepping down early following a recent controversy over stock market trades he made. Kaplan’s early retirement follows an announcement earlier […]
Ford to spend $11 billion, create 11,000 jobs on new U.S. EV and battery plants
(CNBC) Ford Motor and battery supplier SK Innovation plan to invest more than $11.4 billion in new U.S. facilities that will create nearly 11,000 jobs to produce electric vehicles and batteries. To read this article:
Stock futures are muted as investors gauge a spike in bond yields
(CNBC) U.S. stock futures were muted in early morning trading Tuesday following a rise in bond yields the previous day that pressured growth pockets in the market. Dow Jones Industrial Average futures rose just 30 points. S&P 500 futures were […]
Coinbase dives deeper into banking by letting users deposit paychecks into their accounts
(CNBC) Cryptocurrency exchange Coinbase is going deeper into traditional financial services, allowing users to deposit paychecks directly into their online accounts. Coinbase said Monday that its U.S. customers will be able to use the direct deposit service for any percentage […]
SEC Charges Two Companies and Their Principals with Misleading Investors
(HedgeCo.Net) The Securities and Exchange Commission today charged Thomas Powell and Stefan Toth, and their entities, Resolute Capital Partners LTD LLC and Homebound Resources LLC, with making material misrepresentations and omissions in connection with more than a dozen unregistered oil […]
Evergrande stocks in Hong Kong slide as investors monitor situation; Asia shares rise
(CNBC) Shares in Asia-Pacific were mixed in Monday trade, with investors monitoring stocks related to embattled developer China Evergrande Group. Mainland Chinese stocks were lower by the afternoon, leading losses regionally, with the Shanghai composite 1.3% lower while the Shenzhen […]
Dow futures jump more than 100 points after market ends wild week in the green
(CNBC) Stock futures climbed in early morning trading on Monday as investors braced for the last week of a volatile September. Futures on the Dow Jones Industrial Average rose 145 points. S&P 500 futures and Nasdaq 100 futures both traded […]
Stocks face another turbulent week as the third quarter winds down
(CNBC) After recent turbulence, markets are likely to close out the final week of the third quarter with another bout of volatility. Stocks posted big moves in the past week. First, fears of financial contagion coming from Chinese developer Evergrande […]
