Hedge fund sells stake in Trump SPAC firm DWAC after merger news

At least one hedge fund has its stake in SPAC Digital World Acquisition Corp. sold after the company announced plans to merge with former President Donald Trump’s planned social media company. Lighthouse Investment Partners, one of at least nine hedge funds that hold shares in Digital World Acquisition, abandoned its holdings in this particular acquisition … Read more

Anthony Scaramucci hopes Trump SPAC will continue to rise so that former president can stop running in 2024

Anthony Scaramucci hopes Trump SPAC will continue to rise so that former president can stop running in 2024

Hedge fund founder Anthony Scaramucci, who served briefly in the Trump administration, told CNBC on Friday that he wants SPAC affiliated with former President Donald Trump to succeed because it could stop him from contesting the 2024 election. Scaramucci’s comments on the “Squawk Box” came as part of a significant search for Digital World Acquisition … Read more

5 things you should know before the stock market opens on Friday October 22nd

Here are the key news, trends, and analysis investors need to start their trading day: 1. Stock futures mixed after the record close of the S&P 500 Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, USA on October 20, 2021. Brendan McDermid | Reuters US stock futures … Read more

Snap, Intel, Zoom Video, Boston Beer, and more

Check out the companies that make the headlines before the doorbell rings: Snap – The Snapchat parent’s shares plunged 19.5% in the premarket after the company warned of a slowdown in growth due to recent changes to Apple’s iOS privacy rules. These rules make it difficult to gather information from users and target ads. Snap … Read more

Exceeding Intel Earnings Estimates. Why the stock is falling.

Text size Intel shares fell after the company announced gains. David Paul Morris / Bloomberg Intel The stock fell in extended trading Thursday after the company missed sales expectations and announced that its chief financial officer would retire in May. The company also attributed a decline in the PC business to a wider component shortage. … Read more

Don’t bet against Tesla, says ex-president Jon McNeill, who is not an investor

The former president of electric vehicle giant Tesla said Thursday he would not bet against the company, noting that it is becoming a “formidable competitor” for automakers around the world after the company beat earnings expectations for the third quarter . Not currently a Tesla investor, Jon McNeill told CNBC’s “Squawk Box” the stock is … Read more

American Airlines (AAL) makes a profit for 3Q21 thanks to federal aid

American Airlines on Thursday reported $ 169 million in profit for the third quarter thanks to more than $ 990 million in state payroll. Revenue for the quarter was $ 8.97 billion, down about 25% from the same period in 2019 but an increase from the $ 3.17 billion Americans made a year ago. That … Read more

China Evergrande’s shares fall after the Hopson asset deal fails

The China Evergrande Group began returning a small portion of the money owed to buyers of their investment products weeks after people protested against missed payments at their Shenzhen headquarters, pictured here on September 30, 2021. Gilles Sabrie | Bloomberg | Getty Images BEIJING – China Evergrande’s shares fell briefly more than 10% in opening … Read more

The real estate sector has to shrink in order to be stable, says Prof

China’s real estate sector needs to become “much smaller” in order to keep the overall economy healthy and stable, said a top expert on the Chinese housing market. “We have too great a risk in the industry. We have built too many apartments, so stabilization has to come first” [from] trim the sector, “Li Gan, … Read more

Pinterest, Sonos, Anthem and more

Customers look at goods in an experience space in the Sonos store in New York. Gabby Jones | Bloomberg | Getty Images Check out the companies that are making the headlines in midday trading. Pinterest – The social media company’s shares rose more than 9% after a report by Bloomberg News said PayPal could take … Read more