Monthly Archives: June 2023
AMD reveals new A.I. chip to challenge Nvidia’s dominance
(CNBC) AMD said on Tuesday its most-advanced GPU for artificial intelligence, the MI300X, will start shipping to some customers later this year. AMD’s announcement represents the strongest challenge to Nvidia, which currently dominates the market for AI chips with over […]
S&P 500 futures are little changed as Wall Street counts down to Fed decision: Live updates
(CNBC) S&P 500 futures traded near flat on Tuesday night as investors looked ahead to the Federal Reserve’s policy decision and subsequent press conference slated for Wednesday afternoon. S&P 500 futures inched down by 0.05%. Nasdaq-100 futures slipped by 0.02%, […]
Digital assets funds see eighth week of outflows
(Hedgeweek) Digital asset investment products saw outflows totalling $88 million last week, bringing this current eight-week negative run to $417 million, according to the latest Digital Asset Fund Flows Weekly Report from CoinShares. To read this article:
Google challenges OpenAI’s calls for government A.I. czar
(CNBC) Google and OpenAI, two U.S. leaders in artificial intelligence, have opposing ideas about how the technology should be regulated by the government, a new filing reveals. To read this article:
Illumina acquisition of Grail wins support from GOP lawmakers, state AGs as FTC tries to block it
(CNBC) Republican lawmakers, state attorneys general and several advocacy groups have voiced their support for Illumina’s acquisition of cancer-test developer Grail while the Federal Trade Commission fights to unwind the deal. The groups filed 14 amicus briefs Monday urging the […]
SEC Charges Investment Adviser and Principal in Abusive Naked Short Selling Scheme
(HedgeCo.Net) The Securities and Exchange Commission has charged investment adviser Sabby Management LLC and its managing partner, Hal D. Mintz, with fraud in connection with a long running scheme involving misrepresentations and violations of rules for short selling and order […]
Hedge funds extend US bond short bets
(Hedgeweek) The Federal Reserve’s interest rate battle to curb inflation may have some way to run yet, according to a report by Bloomberg, with hedge fund managers extending their record run of short sales of short-dated US Treasuries. To read […]
Stock futures are flat ahead of key May inflation report
(CNBC) Stock futures were little changed in overnight trading after the S&P 500 and Nasdaq Composite each notched their highest close since April 2022. Wall Street also looked ahead to May’s consumer price index, out Tuesday. Oracle shares jumped 4% […]
Inflation report will be critical for the direction of Fed policy
(CNBC) Inflation data from May will show that the price increases that have been bedeviling consumers for the past two years are slowing down. The question, though, will be whether that deceleration will be enough to convince Federal Reserve officials […]
FTC files to block Microsoft-Activision as deadline approaches
(CNBC) The Federal Trade Commission on Monday applied for a temporary restraining order and preliminary injunction seeking to block Microsoft’s acquisition of Activision Blizzard before the deal’s July 18 deadline. The FTC said it fears that should Microsoft be allowed […]
SoftBank prepares new round of layoffs at Vision Fund, Reuters reports
(CNBC) SoftBank Group Corp is planning a fresh round of layoffs at its Vision Fund investment arm, two people familiar with the matter said, the latest cost-cutting move at the Japanese conglomerate. The layoffs, which could be announced in the […]
Oracle beats on top and bottom lines as cloud revenue jumps
(CNBC) Oracle shares climbed as much as 5% in extended trading on Monday after the software vendor announced fiscal fourth-quarter results and quarterly revenue guidance that exceeded Wall Street’s expectations. Earnings: $1.67 per share, adjusted, vs. $1.58 per share as […]