Monthly Archives: May 2024

(Hedgeweek) US-based emerging markets hedge fund Gramercy is expected to generate approximately $90m (AUD135m) annually from its 2023 litigation funding deal with Pogust Goodhead, according to a report by the Australian Financial Review.  To read this article:

(CNBC) OpenAI on Thursday backtracked on a controversial decision to, in effect, make former employees choose between signing a non-disparagement agreement that would never expire, or keeping their vested equity in the company. To read this article:

(CNBC) Nasdaq-100 futures rose on Wednesday evening as Wall Street assessed the latest quarterly results from market bellwether Nvidia.Nasdaq-100 futures jumped 0.4%, while S&P 500 futures added 0.2%. Futures tied to the Dow Jones Industrial Average dipped 53 points, or 0.1%. Chipmaker and artificial intelligence darling […]

(CNBC) JPMorgan Chase’s chairman and CEO Jamie Dimon says the U.S. economy could see a “hard landing.” Dimon said the worst outcome for the U.S. economy will be a “stagflation” scenario, where inflation continues to rise, but growth slows amid high unemployment. […]

(Hedgeweek) Global hedge funds have increased their holdings of Chinese equities for the fourth consecutive week, joining the growing number of investors anticipating a market rebound, according to a report by Reuters citing a note from Goldman Sachs’ prime brokerage […]

(CNBC) Nvidia’s historic rally is being driven by its data center business, which grew at a whopping 427% in the latest quarter as companies keep snapping up its artificial intelligence processors. Now, Nvidia is signaling to investors that the customers […]

(Hedgeweek) Two funds previously controlled by Odey Asset Management saw strong performances, ranking them among the top 10 best performing funds globally in April, according to data from Société Générale.  To read this article:

(Hedgeweek) Izzy Englander, founder of the $61bn New York-based hedge fund Millennium Management, appears to be increasingly confident that the share price of international sports betting and gambling company Flutter Entertainment is set to decrease, according to a report by […]

(CNBC) Appen, the embattled artificial intelligence firm that once helped train AI models for tech giants including Microsoft, Nvidia and Google, has lost its executives in charge of revenue and marketing. Andrew Ettinger, who was the Australian company’s chief revenue officer, and Alicia […]

(CNBC) U.S. stock futures were little changed early Wednesday as investors looked ahead to the widely-anticipated release of Nvidia’s latest earnings report. Dow Jones Industrial Average futures inched higher by 3 points. Futures tied to the S&P 500 and Nasdaq 100 hovered near the flatline. In […]

(CNBC) At the start of last week, OpenAI’s technology chief personally thanked Nvidia CEO Jensen Huang for “bringing us the most advanced” chips needed to run the demo for a presentation the company delivered on its latest artificial intelligence models. A day later, […]

(CNBC) U.K. inflation fell to 2.3% in April, the Office for National Statistics said on Wednesday, coming closer to the Bank of England’s target rate even while missing expectations. That was down from a headline rate reading of 3.2% in […]