Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Great Hill Capital"


12 mentions found


(Reuters) -The S&P 500 was set to open near a record high on Monday as focus shifted to the Federal Reserve’s meeting this week, where the central bank is expected to maintain its accommodative stance on monetary policy. REUTERS/Carlo Allegri/File PhotoRecent data has indicated that the U.S. economy is regaining momentum but not overheating, taming worries about inflation and sending the S&P 500 to an all-time high. While the Fed has reassured that any spike in inflation would be transitory, policymakers could begin discussing the tapering of bond buying at the Tuesday-Wednesday meeting. The benchmark has climbed 13% this year while the Dow and the Nasdaq have risen 12.6% and 9.2%, respectively. [O/R]United Airlines Holdings and American Airlines Group gained 0.4% and 0.7% respectively after Citigroup raised its price target on the stocks.
Persons: Carlo Allegri, , Thomas Hayes, , Steve Burns, Julio Rodriguez Organizations: Reuters, New York Stock Exchange, REUTERS, Fed, Dow, Nasdaq, Great, Great Hill Capital, , Dow E, Lordstown Motors Corp, Chevron, Marathon Oil Corp, Schlumberger, Occidental Petroleum, Marathon Petroleum Corp, United Airlines Holdings, American Airlines Group, Citigroup, COVID Locations: Manhattan, New York City , New York, U.S, , Wyoming, Great Hill, New York
REUTERS/Carlo Allegri/File PhotoThe S&P 500 and the Dow eased on Monday, a day after the S&P 500 hit a record closing high, as investors awaited cues from the Federal Reserve's meeting this week on the central bank's outlook on inflation and the future of bond purchases. Recent data has indicated that the U.S. economy is regaining momentum but not overheating, taming worries about inflation and sending the S&P 500 (.SPX) to an all-time high. The benchmark has climbed 13% this year while the Dow (.DJI) and the Nasdaq (.IXIC) have risen 12.6% and 9.2%, respectively. Healthcare (.SPXHC) and financials were the biggest drag on the S&P 500 on Monday, while technology (.SPLRCT) and consumer discretionary (.SPLRCD) provided the biggest boost. The S&P 500 posted 16 new 52-week highs and no new low, while the Nasdaq recorded 136 new highs and seven new lows.
Persons: Carlo Allegri, Dow, Thomas Hayes, financials, Steve Burns, Julio Rodriguez, Tesla, Elon Musk Organizations: New York Stock Exchange, REUTERS, Nasdaq, Tesla Inc, Apple Inc, Amazon.com Inc, Fed, Dow, Great, Great Hill Capital, Healthcare, Dow Jones, Lordstown Motors Corp, NYSE, Thomson Locations: Manhattan, New York City , New York, U.S, , Wyoming, Great Hill, New York
REUTERS/Carlo Allegri/File PhotoThe S&P 500 was set to open near a record high on Monday as focus shifted to the Federal Reserve’s meeting this week, where the central bank is expected to maintain its accommodative stance on monetary policy. Recent data has indicated that the U.S. economy is regaining momentum but not overheating, taming worries about inflation and sending the S&P 500 (.SPX) to an all-time high. While the Fed has reassured that any spike in inflation would be transitory, policymakers could begin discussing the tapering of bond buying at the Tuesday-Wednesday meeting. The benchmark has climbed 13% this year while the Dow (.DJI) and the Nasdaq (.IXIC) have risen 12.6% and 9.2%, respectively. At 08:24 a.m. EDT, Dow E-minis were down 8 points, or 0.02%, S&P 500 E-minis were up 3 points, or 0.07% and Nasdaq 100 E-minis were up 42.75 points, or 0.31%.
Persons: Carlo Allegri, Thomas Hayes, Steve Burns, Julio Rodriguez Organizations: New York Stock Exchange, REUTERS, Fed, Dow, Nasdaq, Great, Great Hill Capital, Dow E, Lordstown Motors Corp, Chevron, Marathon Oil Corp, Schlumberger, Occidental Petroleum, Marathon Petroleum Corp, United Airlines Holdings, American Airlines Group, Citigroup, COVID, Thomson Locations: Manhattan, New York City , New York, U.S, , Wyoming, Great Hill, New York
Stocks rally, yields drop as U.S. CPI data calms investors
  + stars: | 2021-06-10 | by ( Herbert Lash | ) www.reuters.com + 0.00   time to read: +4 min
The report was largely in line with expectations, said Subadra Rajappa, head Of U.S. rates strategy at Societe Generale in New York. “The (equity) market is going to ignore the data. MSCI’s all-country world index rose 0.45% to 718.81, nudging past its previous record set Tuesday. In the United States, data showed people filing new claims for unemployment benefits fell last week to the lowest level in nearly 15 months. The dollar index fell 0.071%, with the euro down 0.07% to $1.217.
Persons: Toby Melville, Subadra Rajappa, ” Rajappa, Joseph LaVorgna, ” LaVorgna, , MSCI’s, Thomas Hayes, ” Hayes, , Brent Organizations: YORK, Global, London Stock Exchange Group, City of, REUTERS, U.S . Labor Department, Societe Generale, Treasury, Americas, European Central Bank, Dow Jones, Nasdaq, Great, Great Hill Capital, ECB, U.S, West Texas Locations: City, City of London, Britain, New York, Natixis, Great Hill, United States
April 6 (Reuters) - Asian equities are poised to rise on Tuesday after the S&P 500 and Dow indexes set records as a streak of strong U.S. economic data fueled optimism even as a smaller-than-expected climb in 10-year Treasury notes eased inflation concerns. The data came after a jobs report on Friday beat forecasts with 916,000 added to the U.S. economy last month. “The jobs report set the stage for what we’re seeing today,” said Thomas Hayes, chairman of Great Hill Capital LLC in New York. On Monday, gains were led by sectors that have underperformed recently, including communication services , consumer discretionary and technology , as the 10-year U.S. Treasury yield remained below a 14-month high hit last week. Benchmark 10-year notes last rose 3/32 in price to yield 1.7127%, from 1.72% late on Friday.
Persons: , Thomas Hayes, “ It’s, Hong, ” Hayes, Brent Organizations: Dow, Institute for Supply Management, Great, Great Hill Capital, Treasury, Dow Jones, Nasdaq, U.S Locations: U.S, Great Hill, New York
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) An ISM survey for March is likely to show a jump in activity in the services sector, which accounts for more than two-thirds of U.S. economic activity. At the same time, there is starting to be a little understanding that perhaps earnings estimates are too low,” Hayes added. ET, Dow E-minis were up 243 points, or 0.74%, S&P 500 E-minis were up 23 points, or 0.57% and Nasdaq 100 E-minis were up 66.25 points, or 0.5%. Tesla Inc was set to add about $50 billion to its market value, as its shares surged after the world’s most valuable automaker posted record deliveries.
Persons: Russell, nonfarm payrolls, , Thomas Hayes, ” Hayes, Janet Yellen, Medha Singh, Maju Samuel Organizations: GameStop, Dow, Nasdaq, Great, Great Hill Capital, Bank of America, JPMorgan Chase & Co, Boeing Co, Dow Inc, Dow E, U.S, Treasury, Chicago Council, Global Affairs, Tesla Locations: Great Hill, New York, Bengaluru
(Reuters) - Futures pointed to a higher opening for Wall Street’s indexes on Monday, as investors cheered strong jobs data and waited for a report on the services sector with signals that 2021 could see the best annual economic growth in nearly four decades. FILE PHOTO: A U.S. flag flies outside The Federal Reserve Bank of New York in New York City, U.S., March 29, 2021. REUTERS/Brendan McDermid/File PhotoAn ISM survey for March is likely to show a jump in activity in the services sector, which accounts for more than two-thirds of U.S. economic activity. ET, Dow E-minis were up 243 points, or 0.74%, S&P 500 E-minis were up 23 points, or 0.57% and Nasdaq 100 E-minis were up 66.25 points, or 0.5%. Tesla Inc was set to add about $50 billion to its market value, as its shares surged after the world’s most valuable automaker posted record deliveries.
Persons: Brendan McDermid, Russell, nonfarm payrolls, , Thomas Hayes, ” Hayes, Janet Yellen Organizations: Reuters, Federal Reserve Bank of New, REUTERS, Great, Great Hill Capital, Bank of America, JPMorgan Chase & Co, Boeing Co, Dow Inc, Dow, Nasdaq, Dow E, U.S, Treasury, Chicago Council, Global Affairs, Tesla, GameStop Locations: Federal Reserve Bank of New York, New York City, U.S, Great Hill, New York
S&P 500, Dow at all-time highs after strong jobs data
  + stars: | 2021-04-05 | by ( Medha Singh | Shivani Kumaresan | ) www.reuters.com + 0.00   time to read: +3 min
(Reuters) - The S&P 500 and the Dow hit record highs on Monday as investors cheered strong jobs data and looked for a report on the services sector with signals that 2021 could see the best annual economic growth in nearly four decades. FILE PHOTO: A U.S. flag flies outside The Federal Reserve Bank of New York in New York City, U.S., March 29, 2021. [O/R]With speedy vaccinations and additional government stimulus helping the S&P 500 and the Dow clinch all-time highs, investors will now look to progress on a massive infrastructure plan and the upcoming corporate earnings season for insight on the sustainability of the rally. ET, the Dow Jones Industrial Average was up 303.10 points, or 0.91%, at 33,456.31, the S&P 500 was up 34.30 points, or 0.85%, at 4,054.17, and the Nasdaq Composite was up 110.71 points, or 0.82%, at 13,590.81. The S&P index recorded 63 new 52-week highs and no new low, while the Nasdaq recorded 97 new highs and two new lows.
Persons: Brendan McDermid, Russell, nonfarm payrolls, , Thomas Hayes, , Janet Yellen Organizations: Reuters, Dow, Federal Reserve Bank of New, REUTERS, Great, Great Hill Capital, Energy, Nasdaq, Dow Jones, U.S, Treasury, Chicago Council, Global Affairs, Tesla Inc, GameStop, NYSE Locations: Federal Reserve Bank of New York, New York City, U.S, Great Hill, New York
RPT-Comeback quashed for faith-driven investor Bill Hwang
  + stars: | 2021-03-30 | by ( Lawrence Delevingne | ) www.reuters.com + 0.00   time to read: +4 min
Hwang was making big money again, inspired by a renewed Christian faith. In 2001, Hwang launched his own hedge fund business, Tiger Asia Management, with seed money from Robertson, making him part of an elite group of Robertson proteges dubbed the Tiger Cubs. Hwang then turned the firm into a family office, renaming it Archegos Capital Management in early 2013. People who know Hwang professionally describe him as a hard- working, smart investor who is willing to make big bets. “Bill Hwang... runs a very concentrated, highly leveraged book,” said Thomas Hayes, chairman of Great Hill Capital LLC in New York.
Persons: Bill Hwang’s, Hwang, ” Hwang, unravelled, Karen Kessler, , Julian Robertson’s, Robertson, Grace, Becky, “ Bill Hwang, Thomas Hayes, Lawrence Delevingne, Svea Herbst, Bayliss, Matt Scuffham, Herb Lash, Jane Merriman, Pravin Char, Megan Davies, Cynthia Osterman Organizations: New, Archegos Capital, Nomura, Switzerland’s Credit Suisse, University of California, Carnegie Mellon University, Tiger Management, Tiger Asia Management, Tiger Cubs, Tiger Asia, Capital Management, Mercy Foundation, Great, Great Hill Capital, Hawaiian Islands Ministries, Svea Locations: New York, Korean, United States, Los Angeles, Hong Kong, Great Hill
Comeback quashed for faith-driven investor Bill Hwang
  + stars: | 2021-03-30 | by ( Lawrence Delevingne | ) www.reuters.com + 0.00   time to read: +4 min
Once punished by U.S. and Asian regulators for stock trading rule violations at his former hedge fund, the New York investor rebuilt his fortune to about $10 billion. 888 7th Ave, a building that reportedly houses Archegos Capital is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., March 29, 2021. Hwang then turned the firm into a family office, renaming it Archegos Capital Management in early 2013. People who know Hwang professionally describe him as a hard- working, smart investor who is willing to make big bets. “Bill Hwang... runs a very concentrated, highly leveraged book,” said Thomas Hayes, chairman of Great Hill Capital LLC in New York.
Persons: Bill Hwang’s, Carlo Allegri Hwang, ” Hwang, unravelled, Hwang, Karen Kessler, , Julian Robertson’s, Robertson, Grace, Becky, “ Bill Hwang, Thomas Hayes Organizations: Reuters, New, REUTERS, Archegos Capital, Nomura, Switzerland’s Credit Suisse, University of California, Carnegie Mellon University, Tiger Management, Tiger Asia Management, Tiger Cubs, Tiger Asia, Capital Management, Mercy Foundation, Great, Great Hill Capital, Hawaiian Islands Ministries Locations: New York, Manhattan, New York City , New York, U.S, Korean, United States, Los Angeles, Hong Kong, Great Hill
Nomura shares closed down 16.3%, a record one-day drop, while Credit Suisse shares tumbled 14%, their biggest fall in a year. Losses at Archegos Capital Management, run by former Tiger Asia manager Bill Hwang, sparked a fire sale of stocks including ViacomCBS and Discovery on Friday, a source familiar with the matter said. “This is a challenging time for the family office of Archegos Capital Management, our partners and employees,” company spokesperson Karen Kessler said in a statement. Likewise, Morgan Stanley, which sold $4 billion in stocks related to Archegos on Friday, did not incur major losses, CNBC reported. They included Goldman Sachs, Morgan Stanley, Deutsche Bank, Credit Suisse and Nomura.
Persons: Brendan McDermid Japan’s Nomura, Morgan Stanley, Bill Hwang, Karen Kessler, Hwang, ” Archegos, , Richard Bernstein, ” Nomura, Goldman Sachs, financials, there’s, Dennis Dick, Archegos, Thomas Hayes Organizations: NEW, Archegos, New York Stock Exchange, REUTERS, Credit Suisse, Goldman Sachs, Nomura, Deutsche Bank, UBS, Archegos Capital Management, Tiger, Richard Bernstein Advisors, Financial Times, CNBC, U.S, Bright Trading, GameStop Corp, Melvin Capital Management, Great, Great Hill Capital, Baidu, Tencent, Baidu Inc, Music Entertainment, Vipshop Holdings, Farfetch Ltd, iQIYI Inc, Techedu Inc, Tiger Asia, Capital, Securities, Exchange Commission Locations: TOKYO, ZURICH, St, New York City, U.S, Switzerland, Tiger Asia, Las Vegas, United States, Japan, Great Hill, New York, China, Archegos
REUTERS/Brendan McDermidJapan’s Nomura and Credit Suisse of Switzerland warned of major losses from lending to Archegos for equity derivatives trades, triggering a worldwide sell-off in banking stocks. Nomura shares closed down 16.3%, a record one-day drop, while Credit Suisse shares tumbled 14%, their biggest fall in a year. Shares in ViacomCBS fell 23% last Wednesday after the media company sold shares at a price which diluted its value. Credit Suisse’s losses were likely to be at least $1 billion, two sources said. Archegos’ positions were highly leveraged.
Persons: Brendan McDermid Japan’s Nomura, Morgan Stanley, Bill Hwang, Karen Kessler, Hwang, ” Archegos, , Richard Bernstein, ViacomCBS, downgrades, Nomura, Archegos, Thomas Hayes, Goldman Sachs Organizations: Archegos, New York Stock Exchange, REUTERS, Credit Suisse, Goldman Sachs, Nomura, Deutsche Bank, UBS, Archegos Capital Management, Tiger, Richard Bernstein Advisors, Goldman, Credit, GameStop Corp, Regulators, Great, Great Hill Capital, Baidu, Tencent, Baidu Inc, Music Entertainment, Vipshop Holdings, Farfetch Ltd, iQIYI Inc, Techedu Inc, Tiger Asia, Capital, Securities, Exchange Commission Locations: ZURICH, TOKYO, St, New York City, U.S, Switzerland, Tiger Asia, ViacomCBS, United States, Japan, Great Hill, New York, China, Archegos
Total: 12