Monthly Archives: February 2024
Stock futures fall as Wall Street awaits the Fed’s preferred inflation gauge:
(CNBC) Stock futures fell as Wall Street weighed the latest earnings results and looked ahead to the Federal Reserve’s favored inflation gauge. Futures tied to the Dow Jones Industrial Average slipped 78 points, or 0.2%. The S&P 500 futures and […]
Snowflake says Frank Slootman is retiring as CEO, stock plunges more than 20%
(CNBC) Snowflake said on Wednesday that billionaire CEO Frank Slootman, who joined the cloud software company in 2019 and took it public the following year, is retiring and will be replaced by former Google ad chief Sridhar Ramaswamy. Shares of […]
Bitcoin bull Michael Saylor nets $700 million in gains on 3-day pop in crypto and MicroStrategy
(CNBC) While the long-term safety of bitcoin may still be up for debate, Michael Saylor’s strategy has been a hugely lucrative one, particularly this week. Shares of MicroStrategy, which derives the vast majority of its value from its bitcoin holdings, […]
Novavax stock falls 20% as vaccine maker misses quarterly estimates, sees sluggish 2024 sales
(CNBC) Shares of Novavax closed more than 20% lower on Wednesday after the vaccine maker reported fourth-quarter revenue and earnings that missed Wall Street’s estimates and said it expects full-year 2024 sales to come in flat or lower than last […]
Alibaba Cloud slashes prices by as much as 55% to fuel AI growth in China
(CNBC) Alibaba ’s cloud business on Thursday said it is cutting prices on a wide range of core cloud products by as much as 55%, in a bid to fuel AI growth in China. The move aims to make “cloud […]
Former New York cop charged with swindling investors in foreign exchange trading fund
(CNBC) A former New York City police officer was indicted for conspiracy to commit wire fraud after he allegedly lied to investors and lost most of the $4.8 million they put into his foreign exchange-focused investment fund, prosecutors said Wednesday. […]
Currys rejects improved Elliot bid amid rival offer rumors
(Hedgeweek) Activist US hedge fund firm Elliott Investment Management has had a second improved offer to acquire Currys rejected by the board of the UK electrical and electronics retailer, amid rumored interest from other potential suitors, according to a report […]
Stock futures inch lower Tuesday night as investors await fresh inflation data: Live updates
(CNBC) Stock futures ticked lower on Tuesday evening as investors looked ahead to a key inflation report due later this week. Futures tied to the Dow Jones Industrial Average slipped 40 points, or 0.1%. S&P 500 futures pulled back 0.04%, […]
Bumble to lay off 350 employees as tech industry job cuts mount
(CNBC) Bumble on Tuesday announced plans to lay off about 350 employees as part of a restructuring plan. A company spokesperson said the cuts amount to about 30% of Bumble’s workforce. Bumble said the layoffs will help drive stronger operating […]
Hedge funds up 0.42% in January, says SS&C GlobeOp
(Hedgeweek) Hedge funds returns measured by 0.42% in January, according to the gross return of the SS&C GlobeOp Hedge Fund Performance Index for the month. Hedge fund flows, meanwhile, as measured by the SS&C GlobeOp Capital Movement Index, advanced 0.08% […]
Bitcoin firm MicroStrategy pops 27% in two days as company’s crypto stake hits $11 billion
(CNBC) MicroStrategy‘s HODL strategy is continuing to reward investors. The company said early this week that it acquired an additional 3,000 bitcoins for a total of $155 million between Feb. 15 and Feb. 25. MicroStrategy, along with its subsidiaries, now […]
Fourth straight week of inflows take digital assets funds to over $5.7bn YTD
(Hedgeweek) Digital asset investment products saw weekly inflows totalling $598m last week, marking the fourth consecutive week of inflows and taking year-to-date inflows have now to more than $5.7bn, according to a the latest Digital Asset Fund Flows Weekly Report […]
