Monthly Archives: June 2024
Billionaire investor Ryan Cohen beats Bed Bath & Beyond shareholder lawsuit
(CNBC) The billionaire activist investor Ryan Cohen won the dismissal on Tuesday of a shareholder lawsuit accusing him of profitably cashing out of Bed Bath & Beyond shares too quickly as the home goods retailer was hurtling toward bankruptcy. To […]
Stock futures are little changed ahead of Fed’s rate decision, consumer inflation data: Live updates
(CNBC)Stock futures oscillated near the flatline Tuesday night as investors awaited the Federal Reserve’s interest rate decision and May’s consumer inflation data. Futures tied to the Dow Jones Industrial Average slipped 9 points, or 0.02%. S&P 500 futures ticked up by 0.04%, while Nasdaq 100 […]
Fed meeting and inflation report both hit Wednesday, and the impact could be huge
(CNBC) Wednesday is shaping up to be one of the most important days of the year for economic news, as investors will hear about the path of inflation and the manner in which the Federal Reserve plans to react. In a one-two punch that […]
Here’s what investors expect from the stock market after the Fed decision Wednesday
(CNBC) Broadly speaking, market observers expect that investors have already priced in how the Fed may proceed with interest rates. While the central bank in March last projected three rate cuts over the course of 2024, the latest batch of […]
Cryptocurrencies fall as investors await Fed decision, bitcoin dips under $67,000
(CNBC) The price of bitcoin was last lower by 3% at $67,582.34, according to Coin Metrics, extending a decline that began last week when bitcoin retreated from the $70,000 level. Earlier in the day, it fell as low as $66,140.67. Ether fell 4.8% […]
Stock futures slip as investors gear up for start of Fed policy meeting: Live updates
(CNBC) Stock futures inched lower Monday night as investors await the start of June’s Federal Reserve policy meeting. Dow Jones Industrial Average futures lost 60 points, or 0.15%. S&P 500 futures and Nasdaq 100 futures both lost roughly 0.1%. Those moves follow a muted but notable […]
OpenAI hires new CFO and product chief, announces Apple deal to integrate ChatGPT
(CNBC) OpenAI on Monday hired two top executives and announced a partnership with Apple that includes a ChatGPT-Siri integration, the company announced in two blog posts. The company said Sarah Friar, previously CEO of Nextdoor and finance chief at Square, is joining […]
Elon Musk threatens to ban Apple devices from his companies over OpenAI partnership
(CNBC) Elon Musk, the CEO of Tesla and SpaceX, threatened to ban Apple devices from his companies on Monday after the iPhone maker announced a partnership with OpenAI. In a series of posts on his social media platform X, Musk shared concerns about whether […]
Elliott takes $1.9 billion stake in Southwest Airlines, seeks to oust CEO and chair
(CNBC) Activist hedge fund Elliott Management has amassed a $1.9 billion stake in Southwest Airlines and plans to push for leadership changes at the airline that has lagged big rivals. Elliott is seeking to replace Southwest CEO Bob Jordan and Chairman Gary Kelly with outside candidates, […]
CrowdStrike rallies to record on cybersecurity company’s inclusion in S&P 500
(CNBC) CrowdStrike shares jumped 7% on Monday after an announcement that the cybersecurity software vendor was joining the S&P 500, replacing financial firm Comerica. S&P Dow Jones Indices said in a statement late Friday that CrowdStrike was being added to the benchmark index, along […]
Trump Media shares fall over 5% after new SEC filing with reaudited financial statement
(CNBC) Trump Media on Monday submitted an updated inspection of the company’s finances by a newly hired public accounting firm, after its last auditor was charged with fraud by the U.S. Securities and Exchange Commission. Shares of Trump Media ended the trading day down […]
SEC Charges Three New Yorkers for Raising More Than $184 Million Through Pre-IPO Fraud Schemes
(HedgeCo.Net) The Securities and Exchange Commission has charged three individuals with fraud for selling unregistered membership interests in LLCs that purported to invest in shares of pre-IPO companies, first on behalf of StraightPath Venture Partners LLC, the subject of the […]
