Monthly Archives: August 2024

(CNBC) OpenAI co-founder John Schulman said in a Monday X post that he would leave the Microsoft-backed company and join Anthropic, an artificial intelligence startup with funding from Amazon. The move comes less than three months after OpenAI disbanded a superalignment team that focused […]

(CNBC) U.S. stock futures fell Sunday night following a volatile week for Wall Street, in which the Nasdaq Composite dropped into correction territory. Dow Jones Industrial Average futures fell by 383 points, or 0.96%. S&P 500 futures and Nasdaq-100 futures dipped 1.6% and 2.5%, respectively. […]

(CNBC) The cryptocurrency market plummeted in value on Sunday, as investors continued selling out of risky assets. Led by a drop of 11% in bitcoin in the past 24 hours and a 21% plunge in ether, the overall value of […]

(CNBC) Warren Buffett’s Berkshire Hathaway dumped nearly half of its gigantic Apple stake last quarter in a surprising move for the famously long-term-focused investor. The Omaha-based conglomerate disclosed in its earnings filing that its holding in the iPhone maker was valued at $84.2 billion […]

(CNBC) A political action committee backed by billionaire Elon Musk is being investigated by the Michigan secretary of state’s office amid efforts to collect voter data. Musk, the CEO of Tesla and SpaceX, has said he created and helped fund the America PAC, which is supporting former President Donald Trump. Musk has […]

(CNBC) With quarterly earnings from tech’s mega-cap companies largely in the rearview mirror, one thing is clear: Wall Street is nervous. The Nasdaq Composite slumped 3.4% this week, bringing its three-week slide to 8.8%. That’s the worst performance for the tech-heavy index […]

(Hedgeweek) South Korea has lost its appeal against a ruling that ordered the country to pay more than $100m to US hedge fund Elliott Management, according to a report by Reuters. The dispute centres on the 2015 merger of two […]

(Hedgeweek) Goldman Sachs has revealed that hedge fund allocations to China have reached their lowest level in five years, amid heightened investor apprehensions about the country’s economic prospects and regulatory landscape, according to a report by Reuters. To read this […]

(Hedgeweek) Pershing Square has abruptly cancelled the IPO of Pershing Square USA, just days before it was set to debut on the New York Stock Exchange, and months after founder Bill Ackman suggested it would be one of the largest […]

CNBC) Intel shares slid as much as 20% in extended trading on Thursday after the chipmaker said it would lay off over 15% of its employees as part of a $10 billion cost-reduction plan and reported lighter results than analysts had […]

(CNBC) Amazon reported weaker-than-expected revenue for the second quarter on Thursday and issued a disappointing forecast for the current period. The shares slid as much as 6% in extended trading. To read this article:

(Hedgeweek) SEI and Canoe Intelligence have launched a new integration aimed at family offices, automating the transmission of private equity and hedge fund valuations as well as private equity call and distribution data, via the SEI Archway Platform. To read […]