Monthly Archives: February 2024
S&P 500 futures are little changed as investors look to holiday-shortened trading week: Live updates
(CNBC) S&P 500 futures are near flat Monday night as the market comes off its first losing week in more than a month. Futures tied to the S&P 500 slid 0.1%, while Nasdaq 100 futures were near flat. Futures tied […]
Capital One to acquire Discover Financial Services in $35.3 billion all-stock deal
(CNBC) Under the agreement, Discover shareholders would receive 1.0192 Capital One shares for each Discover share or about a 26% premium from Discover’s Friday closing price of $110.49. The companies said they expect the deal to close in late 2024 […]
Magnificent 7 profits now exceed almost every country in the world.
(CNBC) The so-called “Magnificent 7” now wields greater financial might than almost every other major country in the world, according to new Deutsche Bank research. The meteoric rise in the profits and market capitalizations of the Magnificent 7 U.S. tech […]
Icahn secures two JetBlue board seats
(Hedgeweek) Activist investor Carl Icahn has secured two seats on the board at JetBlue Airways after revealing a 10% stake in the airline and then striking a deal that averts a potential proxy fight, according to reports. To read this […]
Stock futures are mixed as investors digest more earnings news: Live updates
(CNBC) Stock futures were mixed on Friday morning as investors attempt to carry forward the broader market’s strong momentum. Futures tied to the Dow Jones Industrial Average slipped 62 points, or 0.14%. S&P futures inched down 0.03%, while Nasdaq 100 […]
Rokos and Bridgewater back Nvidia in Q4
(Hedgeweek) Rokos Capital Management and Bridgewater Associates were among several big hedge funds to up their holdings in shares on Nvidia at the end of last year, positioning themselves to benefit from the stock’s almost 50% gain so far in […]
Tesla continues reign as top shorted security in January
(CNBC) On the heels of topping the Americas large-cap list for most shorted stock of 2023, Tesla was the most crowded security in January, with a score of 99, according to the latest Shortside Crowdedness Report from Hazeltree. To read […]
Nvidia holdings disclosure pumps up shares of small AI companies
(CNBC) Investors have become so enamored with Nvidia’s artificial intelligence story that they want a piece of anything the chipmaker touches. On Wednesday, Nvidia disclosed in a regulatory filing that it has stakes in a handful of public companies: Arm, […]
Crypto venture funding climbs for first time in nearly 2 years after bitcoin’s stellar run
(CNBC) Venture funding for crypto-related companies in the fourth quarter of 2023 totaled $1.9 billion, a 2.5% increase from the prior quarter, PitchBook said Thursday. It marks the first time that venture VC investments in crypto startups have risen since […]
Jeff Bezos sells more than $2 billion in Amazon stock for third time this month
(CNBC) Amazon founder Jeff Bezos sold roughly $2.03 billion of shares in his company over the past few days, according to a regulatory filing, bringing his total sales this month to over $6 billion. On Tuesday and Wednesday, Bezos sold […]
Toast will lay off 10% of its workforce, about 550 employees, as growth slows
(CNBC) Toast, maker of restaurant management software, said on Thursday it will let go of 550 employees, about 10% of its workforce. The company also reported fourth-quarter earnings that surpassed Wall Street’s expectations. Several technology companies have instituted layoffs in […]
TSMC shares hit record high after Morgan Stanley lifts client Nvidia’s price target on AI chip demand
(CNBC) Shares of Taiwan Semiconductor Manufacturing Company reached an all-time high on Thursday after Morgan Stanley lifted the price target on chip designer Nvidia, citing a continued surge in AI demand. TSMC, which is the world’s largest producer of advanced […]
