Monthly Archives: March 2024
Balyasny adds PM managers in New York and Miami
(Hedgeweek)Balyasny Asset Management has added three new Portfolio Mangers to its trading team in both its New York and Miami offices as part of a broader restructuring of the multi-strategy major’s equity trading business, according to a report by Bloomberg. […]
Adobe shares slip 10% on soft sales forecast
(CNBC) Adobe’s revenue grew 11% year over year in the quarter, which ended March 1, according to a statement. Net income decreased to $620 million, or $1.36 per share, from $1.25 billion, or $2.71 per share, in the same quarter a […]
Stock futures inch higher as Wall Street awaits another inflation report: Live updates
(CNBC) Dow Jones Industrial Average futures rose 32 points, or less than 0.1%. S&P 500 futures advanced 0.1%, and Nasdaq 100 futures climbed 0.2%. In after-hours action, trading platform Robinhood popped 10% after the company reported a 16% increase in […]
Hedge funds looking to boost returns with near record leverage
(Hedgeweek) The recent upturn in global financial markets has prompted hedge funds to place ever risker bets as they look to maximise returns, despite the use of trading in equities already sitting at near record levels, according to a report […]
MicroStrategy shares up 180% this year after debt sale to buy more bitcoin spurs latest rally
(CNBC) Whenever Michael Saylor utters the word “bitcoin,” MicroStrategy shares pop. He has been doing a lot of uttering lately. Earlier this week, the MicroStrategy founder posted on social media platform X that his company had just purchased another 12,000 […]
Microsoft says new AI security chatbot pricing model lets customers ‘buy what they need
(CNBC) Microsoft is rolling out an unorthodox pricing model for its new security chatbot that becomes available to the public on April 1. On Wednesday, Microsoft said it will use a consumption-based model, charging $4 per “security compute unit.” Andrew […]
Ether dips 0.5% after rollout of network’s biggest tech upgrade in nearly a year
(CNBC) Tom Schmidt, partner at the crypto VC and research firm Dragonfly, explains how Ethereum’s Dencun upgrade helps with scalability. He also weighs in on what’s moving markets as bitcoin has been surging to new all-time highs. To see this […]
Qube builds biggest ever Barclays short position
(Hedgeweek) Qube Research & Technologies, the London-based quant hedge fund firm spun out of Credit Suisse in 2018, has built the largest ever short position against Barclays, representing 0.73% of the bank’s stock, according to a report by The Times. […]
Palantir CEO Alex Karp says short sellers ‘love pulling down great American companies’ to pay for their cocaine
(CNBC) Shares of Palantir jumped 9.8% on March 6 after Palantir announced its Tactical Intelligence Targeting Access Node was selected by the U.S. Army. TITAN uses artificial intelligence to provide targeting information for missiles. When a stock goes up, short […]
Stock futures are little changed after S&P 500 closes at new record high: Live updates
(CNBC) Stock futures were calm on Tuesday evening after Wall Street saw the S&P 500 close at a fresh high. Futures tied to the Dow Jones Industrial Average dipped 6 points, or less than 0.1%. S&P 500 futures and Nasdaq […]
Citadel’s Ken Griffin says the Fed shouldn’t cut too quickly, citing big tailwinds supporting inflation
(CNBC) Ken Griffin, Citadel founder and CEO, thinks the Federal Reserve should move slowly to cut interest rates in its fight against stubborn inflation. “If I’m them, I don’t want to cut too quickly,” Griffin said at the International Futures Industry […]
Weiss tried to sell hedge fund before calling it quits
(Hedgeweek) George Weiss, Founder of Weiss Multi-Strategy Advisers, unsuccessfully tried to find a buyer for his $3bn firm holding talks with several potential suitors including Millennium Management, before finally deciding to close the business, according to a report by Bloomberg. […]
