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  • Aug 02, 2024

Hedge funds grow bearish amid economic slowdown jitters, Goldman says

Global hedge funds continued to add bearish equity bets to portfolios in the week to Aug. 1 when fresh data sparked fears the U.S. economy is slowing faster than anticipated, Goldman Sachs said in a note to clients. It marks the third consecutive week that hedge funds' bets that stocks will fall outpaced the addition of long positions, Goldman said, noting one long position was added for every 3.3 short bets. The Nasdaq Composite fell into correction territory on Friday after economic data for two consecutive days pointed to a faster-than-anticipated slowdown.

  • Aug 02, 2024

Labor Market Sends Up a Red Flag as Unemployment Rate Rises

Hiring slowed in July as U.S. employers added a disappointing 114,000 jobs and the unemployment rate jumped to 4.3%, the highest level in nearly three years, the Bureau of Labor Statistics announced Friday.Economists had expected to see job growth closer to 175,000 during the month. The results were well below the average of 215,000 jobs added per month over the last year and fell short of the 200,000 jobs per month that are needed to keep up with population growth.The latest data sparked new wo

  • Aug 02, 2024

CrowdStrike Stock (NASDAQ:CRWD): Recent Outage Won’t Derail Long-Term Growth

The cybersecurity industry is becoming increasingly dangerous, with cyber threats growing in both frequency and sophistication. Recent stats show a 30% surge in global cyber attacks in Q2 2024 compared to last year, with organizations facing an average of 1,636 attacks weekly. This makes it essential to examine the resilience and potential of top cybersecurity companies like CrowdStrike (CRWD). Despite a recent outage that disrupted services for major clients, including airlines, banks, and hosp

  • Aug 02, 2024

Treasuries Surge as Wall Street Pressures the Fed to Ease Policy

(Bloomberg) -- A rally in the Treasury market accelerated on Friday as softening US employment data fueled speculation the Federal Reserve will start aggressively cutting interest rates to keep the economy from stalling. Most Read from BloombergSinger Akon’s Multibillion-Dollar Futuristic City in Africa Gets Final NoticeValencia Follows Barcelona in Crackdown on Short-Term RentalsWhat a Beautiful Bus Stop Can DoA Vast Wetland Park Seeks to Slake a Thirsty MegacityUber and Lyft Strike NYC Deal to

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