Monthly Archives: August 2023

(CNBC) Nearly 1 in 3 investors would use artificial intelligence as their financial advisor, a new survey suggests — and that has the potential to lead to flawed advice, experts said.   Specifically, 31% of investors queried would be comfortable […]

(CNBC) In this year’s iteration, many expect the central bank leader to change his stance so that he hits the ball pretty much down the middle. With inflation decelerating and the economy still on solid ground, Powell may feel less […]

(CNBC) U.S. stock futures were flat Thursday night as Wall Street looked toward Federal Reserve Chairman Jerome Powell’s Jackson Hole speech on Friday morning. Futures tied to the Dow Jones Industrial Average ticked up 34 points, or 0.1%. S&P 500 […]

(CNBC) Developers in the world of artificial intelligence can’t get enough of Nvidia’s processors. Demand is so strong that the company said late Wednesday that revenue in the current quarter will jump 170% to roughly $16 billion. Nvidia shares rose […]

(Hedgeweek) Some 60% of investors feel that hedge fund investments either met or exceeded their expectations in the past 12 months, up from 53% in 2022, according to new research carried out by Preqin for its Investor Outlook: Alternative Assets, […]

(Hedgeweek) Odey AM founder Crispin Odey has severed ties with several companies connected to his family’s investments after he was ousted from the hedge fund firm following multiple allegations of sexual harassment and assault, according to a report by Bloomberg. […]

(CNBC) Stock futures ticked higher on Wednesday, with investors focusing on key second-quarter results from chipmaker Nvidia to gauge whether the AI excitement is more than just hype. S&P 500 futures climbed 0.5% while Nasdaq 100 futures gained 0.7%. Futures […]

(CNBC) Nvidia’s overall sales grew 171% on an annual basis to $13.51 billion in its second fiscal quarter, which ended July 30, the company announced Wednesday. Not only is it selling a bunch of AI chips, but they’re more profitable, […]

(CNBC) Nike’s stock tumbled Wednesday for the 10th day in a row after Foot Locker reported dismal quarterly results and consumers continue to pull back from the footwear sector.  The sneaker giant’s shares closed about 2.7% lower. The 10-day losing […]

(Hedgeweek) Pershing Square, the US equities hedge fund founded by Bill Ackman, underperformed in the first half of the year, partly due to efforts to protect the firm against rises in long-term inflation, according to a report by CityWire. To […]

(Hedgeweek) Sculptor Capital Management received multiple takeover bids in excess of the $639m offer it accepted from Rithm Capital Corp last month – some valuing the firm at more than $700m – according to a report by Bloomberg. To read […]