Monthly Archives: June 2024

(CNBC) U.S. stock futures opened little changed on Thursday as investors geared up for Friday morning’s nonfarm payrolls report. Futures tied to the Dow Jones Industrial Average inched higher by 20 points, or 0.05%. Nasdaq 100 futures ticked up by less than 0.1%, while S&P […]

(CNBC) Investors will be looking to May’s nonfarm payrolls report for more clarity on whether the Federal Reserve can ease up in its battle against inflation. Economists surveyed by Dow Jones expect the Bureau of Labor Statistics to report that […]

(CNBC) Ratings agency Moody’s placed ratings of six U.S regional banks on review for downgrade on Thursday due to their substantial exposure to commercial real estate loans. The long-term ratings of First Merchants Corp, F.N.B. Corp, Fulton Financial Corp, Old National Bancorp, Peapack-Gladstone Financial Corp and WaFd were placed on review. To read this article:

(CNBC) Shares of GameStop shot to session highs Thursday after meme stock leader “Roaring Kitty” scheduled a livestream on YouTube, which would be his first one in almost four years. Roaring Kitty, whose real name is Keith Gill, set the time for […]

(CNBC) The Federal Trade Commission and the Justice Department are set to open antitrust investigations into Microsoft, OpenAI and Nvidia, examining the powerful companies’ influence on the artificial intelligence industry. The FTC will take the lead on looking into Microsoft and OpenAI, while the […]

(Hedgeweek) Reports that the Bank of Japan is likely to discuss the reduction of bond purchases as early as next week has prompted hedge funds to pivot on yen options trades and up their bullish bets on the currency, according […]

(CNBC) Stock futures were little changed in overnight trading after the S&P 500 notched a new record closing high thanks to a rally in artificial intelligence chip darling Nvidia. Futures tied to the S&P 500 rose flickered near the flatline, as did Nasdaq-100 futures. Futures connected to […]

(CNBC) Nvidia passed Apple in market cap on Wednesday as investors continue betting on the chipmaker behind the artificial intelligence boom. It is now the second-most valuable public company, behind Microsoft. Nvidia also hit a $3 trillion market cap milestone on Wednesday after shares rose over 5%. […]

(CNBC) Lululemon’s growth in the Americas, its largest market, appears to be stalling after the retailer on Wednesday reported flat comparable sales in the region and weak guidance for the current quarter.  The athletic apparel retailer handily beat Wall Street’s […]

(Hedgeweek) Citadel, Ken Griffin’s $63bn Miami-based hedge fund firm, which, according to LCH Investments, is the most profitable hedge fund of all time, lost money in May, with its flagship Wellington fund down 0.8%, according to a report by Business […]

(CNBC) SoftBank Group shares rose as much as 6.3% on Wednesday, after a report said that Elliott Management had rebuilt a substantial stake in the Japanese technology conglomerate and was pushing for stock repurchases. Elliott is lobbying for $15 billion worth of share […]

(Hedgeweek) Post-trade market infrastructure specialist DTCC is expecting daily Treasury volumes through its Fixed Income Clearing Corporation to rise by over $4tn once the SEC’s expanded US Treasury clearing rules take effect. To read this article: