Category Archives: Syndicated
Dow futures are little changed after index drops 1,100 points in 10th straight loss:
(CNBC) Stock futures were little changed Wednesday night as investors absorbed a new, sobering reality for financial markets. Trading was volatile after the regular session’s panic surrounding the Federal Reserve’s revised outlook for interest rates next year. Futures tied to the […]
Wharton’s Jeremy Siegel says stock sell-off is ‘healthy’ as cautious Fed gives investors a ‘reality check’
(CNBC) The stock sell-off on Wall Street was “healthy,” as the Federal Reserve’s cautionary projection on future rate cuts gives investors a “reality check,” according to Jeremy Siegel, professor emeritus of finance at University of Pennsylvania’s Wharton School. To read […]
Tesla shares sink 8%, giving up some gains from post-election pop
(CNBC) Tesla shares sank more than 8% on Wednesday, notching their steepest drop since before Donald Trump’s election victory last month, which sparked a sharp rally in the stock. Tesla closed at $440.13, and is still up 75% since Election […]
Bridgewater downplays deficit concerns
(Hedgeweek) As debates swirl around the fiscal implications of the Trump administration’s proposed tax cuts and their potential to exacerbate the US budget deficit, Bridgewater Associates, the world’s largest hedge fund, sees little cause for alarm, according to a report […]
Digital asset funds mark 10th week of consecutive growth
(Hedgeweek) Digital asset investment products recorded $3.2bn in inflows last week, with year-to-date inflows reaching $44.5bn, more than four times higher than any previous year, according to the latest Digital Asset Fund Flows Weekly Report from CoinShares. To read this […]
Point72 exec quits to join quant Qube
(Hedgeweek) Sam Hou, head of Cubist Systematic Strategies, the systematic arm of Point72, has left the hedge fund to join quant fund Qube Research & Technologies, according to a report by eFinancialCareers. To read this article:
Stock futures are little changed after Dow posts nine-day losing streak; traders await Fed decision:
(CNBC) U.S. stock futures were slightly higher on Wednesday morning as traders looked ahead to the Federal Reserve’s December interest rate decision. Futures linked to the Dow Jones Industrial Average added 92 points, or 0.2%. S&P 500 futures added 0.15%, […]
Databricks announces $10 billion financing at $62 billion valuation
(CNBC) Databricks, one of the most valuable privately held companies, announced a $10 billion financing on Tuesday that values the software maker at $62 billion. With the money, Databricks will be able to provide liquidity to current and former employees, […]
The Fed has a big interest rate decision coming Wednesday. Here’s what to expect
(CNBC) Inflation is stubbornly above target, the economy is growing at about a 3% pace and the labor market is holding strong. Put it all together and it sounds like a perfect recipe for the Federal Reserve to raise interest […]
Nvidia falls deeper into correction territory, Broadcom reverses earlier gains to tick lower
(CNBC) Nvidia shares closed down more than 1% on Tuesday, as Broadcom shares reversed earlier gains to also move lower. On Monday, Nvidia entered correction territory — broadly defined as the point when a stock falls 10% or more from […]
Elliott deal denied as US judge reopens Citgo auction
(Hedgeweek) A US judge overseeing the auction of shares in Citgo Petroleum’s parent company has dealt a blow to activist hedge fund Elliott Investment Management, ordering a reopening of the bidding process allowing other bidders access to company data, according […]
Activist Bluebell to close amid capital-raising challenges
(Hedgeweek) Five-year-old London-based activist investor Bluebell Capital Partners is shutting down after struggling to grow its investor base and is now returning capital to its external investors, according to the Financial Times, citing co-founder Marco Taricco. To read this article:
