Monthly Archives: February 2024
Hedge funds dump tech stocks after buying spree
(Hedgeweek) Hedge funds are cashing out of the tech sector and selling their stock holdings at the fastest pace seen in seven months, after piling in over the weeks leading up to Nvidia’s earnings, according to a report by Bloomberg. […]
Carlson to close London office after 90% fall in assets
(Hedgeweek) A 90% fall in assets since 2016 has prompted Carlson Capital, the Dallas based hedge fund firm founded by Clint Carlson in 1993 which once managed about $9bn, to shutter its London office as part of a restructuring plan, […]
S&P 500 futures are little changed after index slips from record: Live updates
(CNBC) S&P 500 futuresare near flat early Tuesday as the market rally took a breather.Futures tied to the broad market index inched down by 0.04%, and Dow Jones Industrial Average futures slipped 15 points, off by 0.04%. Nasdaq 100 futures […]
Bitcoin resumes its rally, ripping through $54,000 for the first time since December 2021
(CNBC)The price of bitcoinshot above the $54,000 level on Monday after waking up from a week of tepid trading.The flagship cryptocurrency was last higher by 5% at $54,460.00, according to Coin Metrics. At its session high, bitcoin hit $54,965.26 and […]
Berkshire shares slip after hitting all-time high on big profit gain
(CNBC)Berkshire Hathawayshares slipped Monday, despite hitting an all-time high following strong earnings from Warren Buffett’s conglomerate over the weekend. Berkshire’s Class A shares last fell by 2.2%. Earlier in the session, the stock reached an all-time intraday high of $647,039, […]
Jamie Dimon on Capital One’s $35.3 billion Discover acquisition: ‘Let them compete’
(CNBC) JPMorgan Chase CEO Jamie Dimon isn’t worried about the added competition from a bulked-up Capital One if its $35.3 billion takeover of Discover Financial gets approved. “My view is, let them compete,” Dimon said. “Let them try, and if […]
Hedge funds dump tech stocks after buying spree
(Hedgeweek) Hedge funds are cashing out of the tech sector and selling their stock holdings at the fastest pace seen in seven months, after piling in over the weeks leading up to Nvidia’s earnings, according to a report by Bloomberg. […]
Zoom shares jump as quarterly results beat on top and bottom lines
(CNBC) Zoom shares rose as much as 13% in extended trading on Monday after the video chat software vendor announced fiscal fourth-quarter results that topped analysts’ expectations.Revenue increased less than 3% from $1.12 billion a year earlier, according to a […]
Hedge fund turn ultra bearish on back of US gas glut
(Hedgeweek)Despite prices falling to their lowest level in real terms since futures trading began in 1990, hedge funds and other professional traders have turned ultra bearish on their outlook for the US gas market, according to a report by Reuters. […]
Stock futures tick lower ahead of key inflation data and corporate earnings: Live updates
(CNBC) U.S. equity futures inched lower Monday as investors looked forward to the latest reading of the Federal Reserve’s preferred inflation gauge as well as a slew of big earnings reports. Futures tied to the Dow Jones Industrial Average were […]
BP exec’s husband guilty of insider trading $1.8 million, snooped on her calls
(CNBC) The husband of a former BP merger and acquisitions manager pleaded guilty to securities fraud related to insider trading by eavesdropping on his wife’s work calls while she was handling a potential acquisition of TravelCenters of America, a fuel […]
Berkshire Hathaway operating earnings jump 28% in the fourth quarter, cash pile surges to record
(CNBC) The Omaha-based conglomerate posted operating earnings — which refers to profits from businesses across insurance, railroads and utilities — of $8.481 billion in the quarter ending December. That’s 28% above the $6.625 billion from the year-ago period. To read […]
