Monthly Archives: June 2024

(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:

(CNBC) Stock futures are near flat Tuesday night as investors geared up for private payroll data while analyzing the latest corporate earnings. Dow Jones Industrial Average futures advanced 49 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures also each rose around 0.1%. In […]

(CNBC) Five years ago, GameStop champion Keith Gill revealed a $53,000 bet in his favorite video game retailer. This week, Gill’s net worth is over $289 million. The meme stock leader, who can move the stock by simply posting cryptic messages online, shared […]

(Hedgeweek) A fall in the main US stock market indexes last week which hit hedge funds’ long bets prompted managers to cut their exposure to domestic stocks, according to a report by Reuters citing a note by Morgan Stanley’s prime […]

(CNBC) Job openings fell more than forecast in April, signaling a potential weakening in the labor market that could provide the Federal Reserve with more impetus to start lowering interest rates. The Labor Department’s Job Openings and Labor Turnover Survey released Tuesday […]

(CNBC) Buyout firm Apollo Global Management will acquire a 49% equity interest in Intel’s manufacturing facility in Ireland for $11 billion, the companies said on Tuesday. Apollo will acquire the stake in the Fab 34 facility in Leixlip, Ireland, the U.S. chipmaker’s first high-volume […]

(CNBC) Tesla’s first-quarter earnings call in April, Musk said the electric vehicle company will increase the number of active H100s — Nvidia’s flagship artificial intelligence chip — from 35,000 to 85,000 by the end of this year. But emails written by Nvidia […]