Monthly Archives: May 2024
Rokos extends YTD gains to 20%
(Hedgeweek) Rokos Capital Management, the hedge fund run by Brevan Howard Co-Founder Chris Rokos, has extended its year-to-date gains to around 20%, affirming its position as one of the best performing macro firms so far in 2024, according to a […]
Block shares jump on better-than-expected first-quarter results
(CNBC) Block, formerly known as Square, posted $2.09 billion in gross profit, up 22% from a year ago. Analysts tend to focus on gross profit as a more accurate measurement of the company’s core transactional businesses. The company reported net […]
Here’s what to expect from the April jobs report on Friday
(CNBC) Hiring likely continued at a brisk pace in April as investors look for any cracks in the labor market that could sway the Federal Reserve. Nonfarm payrolls are expected to show a gain of 240,000 for the month, according […]
Stock futures rise after Fed decides to hold rates steady: Live updates
(CNBC) Stock futures advanced Wednesday night as investors looked ahead to more corporate earnings due Thursday and key labor data set for later in the week. Dow Jones Industrial Average futures added 80 points, or 0.2%. S&P 500 futures climbed about 0.3%. Nasdaq 100 […]
Amazon CEO Andy Jassy broke federal labor law with anti-union remarks
(CNBC) Amazon CEO Andy Jassy violated federal labor law in comments he made to media outlets about unionization efforts at the company, a National Labor Relations Board judge ruled Wednesday. To read this article:
Fed meeting recap: Powell pretty much rules out a hike as the central bank’s next move
(CNBC) Federal Reserve Chair Jerome Powell said it was unlikely that the central bank’s next move will be a rate hike. The comment spurred a rally for the three major averages, with the Dow surging more than 500 points in […]
Qualcomm gives better-than-expected revenue forecast as company pushes AI-powered smartphones
(CNBC) Qualcomm said it expected between $8.8 billion and $9.6 billion in sales in the current quarter, higher than Wall Street expectations of $9.05 billion. Analysts were looking for earnings guidance of $2.17 per share, versus the company’s forecast of […]
Standard Chartered first quarter profit rises 5.5%, beats estimates
(CNBC) Standard Chartered posted on Thursday a 5.5% rise in its first-quarter pretax profit, beating estimates, as higher interest rates bolstered earnings at the emerging markets-focused lender. StanChart, which earns most of its revenue in Asia, said statutory pretax profit in […]
Google lays off hundreds of ‘Core’ employees, moves some positions to India and Mexico
(CNBC) Just ahead of its blowout first-quarter earnings report on April 25, Google laid off at least 200 employees from its “Core” teams, in a reorganization that will include moving some roles to India and Mexico, CNBC has learned. The Core unit […]
Garda adds JPMorgan MD to Singapore office
(Hedgeweek) US hedge fund firm Garda Capital Partners has expanded its yen rates trading capability with the appointment of JPMorgan Chase & Co Managing Director Yoichi Takemura as a Portfolio Manager in the firm’s Singapore office, according to a report […]
S&P 500 futures fall as Wall Street braces for Fed rate decision: Live updates
(CNBC) S&P 500 futures slipped Tuesday night as investors looked ahead to the Federal Reserve’s rate policy decision. Futures linked to the broad market index slipped 0.2%, while Nasdaq 100 futures dropped 0.4%. Dow Jones Industrial Average futures ticked lower by 8 points, or 0.02%. […]
Here’s everything to expect when the Fed wraps up its meeting Wednesday
(CNBC) Faced with stubborn inflation that has raised concerns about where policy is headed, the Federal Reserve has been ensnared in a holding pattern that likely will be reflected when it closes its meeting Wednesday. Markets are anticipating a near-zero […]