Monthly Archives: January 2024

(Hedgeweek) Light Street Capital, a California-based alternative investment firm focused on equity investments in the technology and media sectors, posted a 46% gain for its Mercury hedge fund in 2023, according to a report by Reuters. To read this article:

(CNBC) In a memo to the staff, Pichai said company leadership is gearing up to share its AI goals for the year this week and will publish its 2024 OKRs (objectives and key results).“The reality is that to create the […]

(CNBC) TSMC reported revenue slipped 1.5% from a year ago to NT$625.53 billion, while net income dropped 19.3% from a year ago to NT$238.71 billion. That compares with TSMC’s guidance for fourth-quarter revenue between $18.8 billion and $19.6 billion. TSMC counts  […]

(Hedgeweek) The launch of bitcoin spot trading ETFs in the US helped digital asset investment products to $1.18bn of inflows last week – subject to T+2 settlement – although this did not break the record set at the launch of […]

(CNBC) In Dimon’s view, the relatively buoyant stock market of recent months has lulled investors on the potential risks ahead. The S&P 500 market index rose 19% in the past year and isn’t far from peak levels. “I think it’s […]

(Hedgeweek)Activist hedge fund firm JANA Partners, which in the past has engaged in campaigns to force change at companies including Whole Foods and Frontier Communications, recorded a 31% gain for 2023, according to a report by Reuters. To read this […]

(Hedgeweek) Activist investment firms bounced back to notch an average 20.2% return in 2023 following a previous year of losses, with ValueAct Capital (39%), Caligan Partners (37%), and Legion Partners Asset Management (35%), leading the way, according to a report […]

(CNBC) OpenAI founder and CEO Sam Altman said the night he was pushed out by the board was “wild,” and he felt “super confused” and was “super caught off guard.” But this is the structure, and “I immediately just went […]

(CNBC) AMD shares rose more than 8% Tuesday to their highest closing price since reaching a record in November 2021, on optimism that the company’s artificial intelligence chips will be in higher demand from companies such as Microsoft, Google and […]

(CNBC) The acquisition is one of the largest tech deals announced in recent years. Synopsys, a Semiconductor design and software firm will pay roughly $390 per share: $197 per share in cash and roughly one-third of a Synopsys share for […]

(CNBC) Goldman said earnings for the quarter jumped 51% to $2.01 billion, or $5.48 per share, from a year ago, when the bank was weighed down by loan loss provisions and surging expenses. Companywide revenue rose 7% to $11.32 billion […]

(CNBC) The sale, whose terms were not disclosed, was announced more than a week after the Haslams and Berkshire Hathaway settled a billion-dollar lawsuit over an accounting method that the family complained would artificially depress the sale price of its […]