Monthly Archives: June 2024

(CNBC) OpenAI co-founder Ilya Sutskever, who left the artificial intelligence startup last month, introduced his new AI company, which he’s calling Safe Superintelligence, or SSI. “I am starting a new company,” Sutskever wrote on X on Wednesday. “We will pursue safe superintelligence in a […]

(CNBC) S&P 500 futures were little changed on Wednesday as investors look for the benchmark to add to its latest record high. Futures tied to the broad market index added 0.04%, while Nasdaq 100 futures advanced 0.1%. Dow Jones Industrial Average futures pulled back 0.1%. Stocks […]

(CNBC) Elon Musk on Wednesday tried to walk back remarks lashing out at advertisers fleeing his X social media platform. At the Cannes Lions advertising festival in Cannes, France, Musk was asked by WPP CEO Mark Read what he meant […]

(CNBC) S&P 500 futures are near flat Monday night after a winning day on Wall Street as investors gear up for May retail sales data. Futures linked to the broad market index inched higher by 0.05%, while Nasdaq 100 futures ticked down […]

(CNBC) Nvidia’s blistering rally will force a major technology exchange-traded fund to acquire more than $10 billion worth of shares of the chip giant while cutting dramatically back on Apple. The index that the Technology Select Sector SPDR Fund (XLK) follows will soon […]

(CNBC) GameStop shares slid on Monday after the company’s highly anticipated annual meeting failed to offer any concrete updates on the video game retailer’s future plans. The meme stock ended the session lower by 12.1%, as the company’s rescheduled shareholder event […]

(Hedgeweek) SkyBridge Capital, the $7.9bn New York-headquartered alternative investment firm founded by Anthony Scaramucci, has partnered with South Korean securities firm Woori Investment & Securities, according to a report by WealthBriefingAsia.  To read this article:

(Hedgeweek) Saba Capital Management has requested a US judge to prevent BlackRock from employing a tactic that Boaz Weinstein’s hedge fund firm claims will restrict investors’ rights to elect the board of one of its closed-end funds, according to a report […]

(Hedgeweek) Hedge funds have been using the Texas office of the National Association of Private Fund Managers, a group focused on challenging SEC rules, for strategic access to the Fifth US Circuit Court of Appeals in New Orleans, according to […]

(CNBC) Stock futures were little changed on Monday morning as traders start a holiday-shortened week. Futures tied to the Dow Jones Industrial Average hovered under the flat line. S&P 500 futures slipped 0.06% while Nasdaq 100 futures added 0.04%. To read this article:

(CNBC) The long-awaited bitcoin exchange traded funds launched in January, and financial advisors are on their way – though gradually – toward adopting them, according to BlackRock’s Samara Cohen. For now, about 80% of bitcoin ETF purchases have likely been coming from “self-directed […]