TOKYO—Toshiba Corp shareholders on Thursday voted down competing proposals—one presented by management and the other backed by activist shareholders, leaving the future direction of the embattled Japanese conglomerate uncertain. Management’s plan to spin off Toshiba’s devices unit and the separate call to seek buyout offers had both failed to gain the required 50 percent of…
Toshiba Faces Unclear Future After Shareholders Knock Back 2 Rival Proposals
Bears vs Bulls: Who’s Buying, Who’s Selling Stocks
Despite the intermittent rebounds, the U.S. financial markets have been on the decline. The leading benchmark indexes, from the Dow Jones Industrial Average to the Nasdaq Composite Index, have slumped in year-to-date trading, covering investors’ portfolios with red ink. Even robots are having a rough time making sense of the market. The AI Powered Equity…
Hedge Funds Sell, Retail Investors Buy, Investment Data Show
Since the Federal Reserve revealed its intentions to taper monetary policy, hedge funds have been diminishing their exposure to risk, new data show. But retail traders are piling into stocks, offering support to the leading benchmark indexes. New data, compiled by experts at Goldman Sachs’ brokerage firm and reported by Bloomberg, revealed that hedge funds…
Hedge funds in November Suffer the Worse Decline Since the Pandemic
December 9, 2021
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Business & EconomyBusinesses in COVID-19CCP Viruseconomyhedge fundsInvestmentMarket WatchMarketsOmicron variant
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Hedge funds in November suffered their worse monthly decline since the start of the pandemic in March 2020. A global market selloff sparked by concerns over the Omicron CCP (Chinese Communist Party) virus variant led to the poor performance, according to a Dec. 8 report from HedgeFund Research. Hedge funds lost 1.7 percent last month,…
Some Hedge Funds May Have Lost Millions on Bets on China’s Didi Global
December 9, 2021
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Business & EconomyChinaChina Business & EconomyCompaniesDidihedge fundsMarketsNew York Stock Exchange
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TORONTO—Several hedge funds may have been bruised by bets on Didi Global Inc., filings showed after the shares tumbled since the Chinese ride-hailing company announced plans to withdraw from the New York Stock Exchange. Didi’s shares have tumbled 56.8 percent from their June 30 IPO price. The slide accelerated after the company said on Friday…
Elizabeth Warren Urges Federal Reserve to Break up Wells Fargo
Sen. Elizabeth Warren (D-Mass.) sent a letter to the Federal Reserve on Monday urging them to break up Wells Fargo and take “immediate action” regarding its “unethical and anti-consumer conduct”. In a letter to Fed Chairman Jerome Powell, Warren noted that widespread corruption within the scandal-plagued bank poses “substantial risks” to both consumers and the financial system, and asked…
Robinhood CEO Says Allegations That Trading Restrictions Were Meant to Help Hedge Funds Are ‘Absolutely False’
Robinhood CEO Vladimir Tenev said in testimony before the House Financial Services Committee on Thursday that any allegations his trading app tried to help hedge funds by limiting trades on volatile stocks last month is false. Tenev began his testimony before the committee at around noon ET on Thursday, by saying that Robinhood sought to…
Robinhood CEO Denies ‘Conspiracy Theory’ That Hedge Funds Pushed GameStop Trading Halt
Robinhood CEO Vlad Tenev on Jan. 29 pushed back against the “conspiracy theory” that hedge funds prompted the mobile brokerage company’s decision to restrict users from purchasing shares in GameStop. Members of Congress have in recent days called for an investigation into whether there was collusion by hedge funds and platforms like Robinhood, after purchases…
GameStop Is Not the Revenge on Wall Street
Commentary The short squeeze forced on GameStop and other stocks through Reddit’s WallStreetBets has generated a massive media frenzy against hedge funds and comments all over social media hailing the decision of a group of small investors to trigger a huge repurchase of a beaten-down stock. The first thing we need to understand is that…
Small Investors Push Against Platforms’ Ban on GameStop Stock Buys
Small stock investors are fighting against broker platforms that have banned retail investors from buying certain stocks, including those of Gamestop (ticker: GME), which has been used by many small investors as a vehicle to force a short squeeze on hedge funds that aggressively shorted the video game retailer’s stock. The investors are accusing online…
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