Hints and tips:
...The S&P 500 index of US stocks rose 0.6 per cent last month and is up almost 12 per cent in the first five months of the year....
...Melvin Capital, hit during the GameStop frenzy, was down about 40 per cent to November. Some funds, however, have prospered....
...Insured losses to property are likely to total $30bn-$40bn, according to S&P Global Ratings....
...Courtney Weaver reports on how that role may now have backfired. We’re also reading . . . Can AI be regulated?...
...Additional reporting by Kate Duguid in New York and Courtney Weaver in Washington...
...Opinion: Donald Trump’s future looms over the US midterms, writes US political correspondent Courtney Weaver....
...finalist Nick Kyrgios appears in court in Canberra charged with common assault Wednesday Niger, Independence Day holiday Thursday China, Qixi Festival celebrates the annual meeting of the cowherd and weaver...
...Courtney Weaver Will Donald Trump be indicted? Yes....
...Melvin Capital, Whale Rock and RiverPark’s Long/Short fund all saw drops of more than 20 per cent in the quarter, as consumer, technology and growth stocks more generally struggled....
...The benchmark S&P 500 share index fell 4 per cent, its biggest loss since June 2020, while the tech-dominated Nasdaq Composite ended down 4.7 per cent....
...“[The ECB] is the difference between success and failure” when an issue gathers only just enough support from investors, said Will Weaver, head of debt capital markets for Europe at Citi....
...Chart of the week Like vampires, Freddy Krueger and goldbugs posting dual axis charts of US M2 overlaid with the S&P 500 on Twitter, the Bloomberg Terminal refuses to die....
...Among the hardest hit by the struggles of consumer, technology and growth stocks were Tiger Global, Melvin Capital, Whale Rock and RiverPark....
...2.45 per cent to 2.21 per cent, according to data collected by S&P Global Market Intelligence....
...In the autumn of 2021, the nominal trading volume of Tesla options exploded to $241bn a day, as much as all other S&P 500 options combined. Amateur investors are keen punters here....
...The US S&P 500 index and tech-heavy Nasdaq Composite both slid 2.6 per cent....
...That contributed to the S&P 500 losing 3.3 per cent last week, its biggest weekly loss since the nervy trading that preceded the US presidential election....
...The Nasdaq is now down about 6 per cent from the record high it reached on April 29, while the broader S&P 500 is off about 2 per cent from its May 7 peak....
...courtney.weaver@ft.com...
...In 1989, she married the lawyer Melvin Bedrick, whom she had first met at Yale in the 1950s. “Yale gave me a doctorate last year,” says Hicks. “And we both went back there....
...US stocks stumbled on the diagnosis, with Wall Street’s benchmark S&P 500 index closing down nearly 1 per cent....
...Total wealth management assets are up 43 per cent over the past decade, according to S&P Global data — hardly a sign that clients are fleeing in their droves....
...Among the funds that have suffered is Melvin Capital, run by former Steve Cohen protégé Gabe Plotkin....
...The 50 stocks most frequently shorted by hedge funds have outperformed the S&P 500 so far this year, according to Goldman Sachs....
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