Monthly Archives: June 2024
SEC Charges R.R. Donnelley & Sons Co. with Cybersecurity-Related Controls Violations
(HedgeCo.Net) The Securities and Exchange Commission as announced that R.R. Donnelley & Sons Company (RRD), a global provider of business communication and marketing services, agreed to pay over $2.1 million to settle disclosure and internal control failure charges relating to […]
Stock futures climb after S&P 500 ends 3-day decline: Live updates
(CNBC) Stock futures rose on Wednesday morning after the S&P 500 rebounded from a rough start to the week. S&P 500 futures inched up 0.1%, while Nasdaq 100 futures gained 0.19%. Futures tied to the Dow Jones Industrial Average were flat. In after-hours action, FedEx popped 14% after issuing […]
Nvidia’s half-a-trillion dollar wipeout leaves global chip stocks volatile
(CNBC) Shares of chip firms in Europe and Asia fell in early trade as investors reacted to Nvidia losing more than $500 billion in market capitalization over three trading days. Some of the stocks recouped losses, however, as shares in the U.S. […]
Bitcoin bounces above $62,000, Solana leads cryptocurrencies higher
(CNBC) Cryptocurrencies rose broadly, a day after bitcoin slumped to under $60,000 for the first time since early May, leading to a broad sell-off in crypto assets. Bitcoin advanced more than 3% on Tuesday to $62,103.90, according to Coin Metrics. The move coincided with […]
Rivian secures up to $5 billion from Volkswagen, shares soar more than 50%
(CNBC) Volkswagen Group plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an initial investment of $1 billion. The additional $4 billion is expected by 2026. It includes plans for $1 billion each in 2025 and 2026, […]
FedEx shares jump after hours as massive cost-cutting measures kick in
(CNBC) FedEx shares soared more than 15% after hours Tuesday after the company reported results that topped analysts’ estimates in both earnings and revenue. Here’s how the company did in its fiscal fourth quarter compared with what Wall Street was anticipating, […]
Stock futures are little changed after Nasdaq Composite registers worst day since April: Live updates
(CNBC) Stock futures were flat in overnight trading after a selloff in favored technology names brought the Nasdaq Composite to its worst day since April. Futures tied to the Dow Jones Industrial Average added 31 points, or 0.08%. S&P 500 and Nasdaq-100 hovered near the flatline. […]
Segantii Capital Management initiates capital return process amid wind-down
(Hedgeweek) Segantii Capital Management has initiated the return of approximately one-third of its $4.7bn AUM to investors, following its decision to wind down operations amidst an insider dealing charge, according to a report by Bloomberg. To read this article:
Bitcoin tumbles below $60,000 to start the week
(CNBC) Bitcoin continued its descent on Monday, sliding below $60,000 for the first time since May 3. The price of the flagship cryptocurrency was last down 7% at $59,562.54, according to Coin Metrics. Earlier, it fell as low as $59,021.42, about 19% […]
Nvidia slides 13% in three days after briefly becoming most valuable company
(CNBC) Monday’s slide was the chipmaker’s second steepest drop of the year, as the stock fell 6.7% to $118.11. Nvidia’s decline brought with it a slide in chipmakers and other tech companies that have been tied to the artificial intelligence […]
Oracle warns that a TikTok ban would hurt business
(CNBC) Oracle provides cloud infrastructure for TikTok, which has over 150 million users in the U.S. “If we are unable to provide those services to TikTok, and if we cannot redeploy that capacity in a timely manner, our revenues and profits would […]
OpenAI walks back controversial stock sale policies, will treat current and former employees the same
(CNBC) The artificial intelligence startup has taken a restrictive approach in the past, with rules allowing the company to determine who gets to participate in stock sales, leading to concern among many shareholders about their ability to get liquidity for […]
