Monthly Archives: October 2024
Vantage Point makes Trump bet with US dollar and Japan stock wagers
(Hedgeweek) Vantage Point Asset Management is increasing its stakes in Japanese equities and the US dollar, anticipating that a Donald Trump victory in the upcoming US presidential election will boost global growth and keep inflation elevated, according to a report […]
CoinShares opens NYC office
(Hedgeweek) CoinShares, a European specialist in digital assets investments has established a new US central office based in New York City, strengthening the company’s presence in the world’s largest financial market. To read this article:
Larry Fink says the Fed won’t cut interest rates as much as markets expect this year
(CNBC) The U.S. Federal Reserve won’t cut interest rates as much as markets expect because “embedded inflation” is too high, Blackrock CEO Larry Fink said Tuesday, speaking at a CEO-studded panel in Riyadh, Saudi Arabia. Fink, whose mammoth fund oversees […]
JPMorgan begins suing customers who allegedly stole thousands of dollars in ‘infinite money glitch’
(CNBC) JPMorgan Chase has begun suing customers who allegedly stole thousands of dollars from ATMs by taking advantage of a technical glitch that allowed them to withdraw funds before a check bounced. The bank on Monday filed lawsuits in at least three federal […]
Ford slightly tops Wall Street’s third-quarter expectations
(CNBC) The Detroit automaker said Monday it now expects adjusted earnings before interest and taxes, or EBIT, of about $10 billion. It had previously guided to between $10 billion and $12 billion. It retained its forecast for adjusted free cash flow of […]
Stock futures rise with Nasdaq set to add to records as oil prices decline
(CNBC) U.S. equity futures jumped on Monday morning as investors looked for a batch of megacap technology earnings to keep driving the Nasdaq Composite to new heights this week. Weekend airstrikes by Israel against Iran did not target oil or nuclear […]
It’s a big week for central banks around the world, with a slew of rate moves on the table
(CNBC) The Federal Reserve’s highly anticipated two-day meeting, which gets underway Tuesday, is poised to take center stage. The U.S. central bank is widely expected to join others around the world in starting its own rate-cutting cycle. The only remaining question appears […]
Bankrupt Weiss in talks to settle Jeffries lawsuit
(Hedgeweek) Bankrupt hedge fund Weiss Multi-Strategy Advisers LLC and its top creditor, Jefferies Financial Group, are in discussions to potentially settle their ongoing litigation, which stems from the collapse of George Weiss’s eponymous hedge fund, according to a report by […]
Fidelity and Stone Coast partner to launch integrated hedge fund solution
(Hedgeweek) Fidelity Prime Services has formed a strategic partnership with independent fund administrator Stone Coast Fund Services, to provide an all-inclusive hedge fund solution, combining prime brokerage, fund administration, and advanced fintech services. To read this article:
Southwest Airlines strikes deal with activist Elliot
(Hedgeweek) Southwest Airlines has reached an agreement with Elliott Investment Management, avoiding a potentially disruptive proxy battle with the activist hedge fund, one of its largest shareholders, according to a report by the New York Times. To read this article:
Hedge funds oppose Martin Midstream buyout
(Hedgeweek) Martin Midstream Partners has said it is standing by its planned acquisition by its largest shareholder, Martin Resource Management Corp (MRMC), despite opposition from hedge funds Nut Tree Capital Management and Caspian Capital. To read this article:
Stock futures are little changed after S&P 500 snaps 3-day losing streak: Live updates
(CNBC) S&P 500 futures are muted Thursday night after the broad index ended a three-day negative streak. Futures tied to the broad index added less than 0.1%, as did Nasdaq 100 futures. Dow Jones Industrial Average futures rose just 3 points. In after-hours action, L3Harris shares […]
