Category Archives: Uncategorized
Barclays CEO Staley departs after Epstein probe
(Reuters) Barclays Chief Executive Jes Staley is leaving the bank after a dispute with British financial regulators over how he described his ties with convicted sex offender Jeffrey Epstein. To read this article:
Ford shatters Wall Street’s earnings expectations, raises guidance for the year on new vehicle demand
(CNBC) Ford Motor nearly doubled Wall Street’s earnings expectations and slightly beat revenue projections for the third quarter, leading the automaker to increase its annual guidance for the second time this year. Here’s how Ford performed versus what Wall Street […]
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 […]
Inflation will be the sizzling topic for markets in the week ahead
(CNBC)With fresh evidence the labor market is on the mend, investors’ focus shifts to inflation in the coming week and whether it will continue to heat up or show signs of abating. There is a series of inflation data expected: […]
SEC Shuts Down Fraudulent Mother-Son Offering Involving Purported Supercomputer
(HedgeCo.Net) The Securities and Exchange Commission has announced an emergency action and obtained a temporary restraining order and asset freeze to halt an alleged ongoing offering fraud by Las Vegas-based Profit Connect Wealth Services Inc., Las Vegas resident Joy I. […]
SEC Charges Investment Advisers with Cherry Picking, Obtains Asset Freeze
(HedgeCo.Net) The Securities and Exchange Commission has obtained an asset freeze and other emergency relief, and filed fraud charges, against a Miami, Florida investment professional and two investment firms for engaging in an alleged “cherry picking” scheme in which they […]
Systematic hedge fund thrives on market timing
(Opalesque) Many investors, academics, and financial professionals believe market timing is impossible. Other investors, especially active traders, believe strongly in it. Market timing is most popular at the bottom of bear markets and least popular at the late stages of […]
Bitcoin plunges 30% to $30,000 at one point in wild session, recovers somewhat to $38,000
(CNBC) The flagship cryptocurrency fell to more than three-month lows on Wednesday, dropping to about $30,000 at one point for a pullback of more than 30% and continuing a week of selling in the crypto space. Ether, the main coin […]
Bitcoin’s march towards the mainstream
(Reuters) Bitcoin hit a record high just shy of $65,000 last month, the latest landmark on its march to wider acceptance. A growing embrace by major companies and financial firms, particularly in the United States, have fuelled its gains. To […]
Stock futures inch higher as investors eye pipeline cyberattack
(CNBC) Futures contracts inched higher in the overnight session Sunday evening, suggesting that the major U.S. equity indexes could trade at or near records when regular trading opens in New York. Dow futures gained 98 points, while those linked to […]
IMF increases global growth forecast and says a way out of the crisis is ‘increasingly visible’
(CNBC) The International Monetary Fund is expecting a stronger economic recovery in 2021 as Covid-19 vaccine rollouts get underway, but it warns of “daunting challenges” given the different rates of administering shots across the globe. On Tuesday the organization said […]
Bond king Bill Gross says he made $10 million shorting GameStop
(Marketwatch) The phrase “don’t try this at home” was possibly made for moments like this. Bond king and Pacific Investment Management Co-founder Bill Gross said he made $10 million shorting videogames retailer GameStop’s GME, +0.79% stock during the retail frenzy […]
