Monthly Archives: August 2024

(CNBC) Stock futures climbed slightly higher Wednesday evening as investors gained confidence in signs of easing inflation. Futures tied to the Dow Jones Industrial Average rose 28 points, or about 0.05%. S&P futures hovered above the flatline, while Nasdaq 100 futures added nearly 0.1%. Encouraging […]

(CNBC) Starbucks offered incoming CEO and Chair Brian Niccol a pay bump and hefty one-time awards to lure him from his prior role as chief executive at Chipotle Mexican Grill. Niccol officially takes the reins at the embattled coffee chain on Sept. […]

(CNBC) Cisco said in a filing that it’s implementing a restructuring plan that will result in $1 billion in pretax charges to its financial results and will “allow it to invest in key growth opportunities and drive more efficiencies in its business.”  […]

(CNBC) Senate Majority Leader Chuck Schumer said Wednesday that he believes the Senate can realistically pass a bipartisan crypto regulation bill before the end of the year, giving fresh hope to an industry that has been stuck in legislative limbo […]

(Hedgeweek)Pershing Square Capital Management, the hedge fund firm founded by Bill Ackman, is facing losses from its holding in Chipotle after the burrito chain’s stock tumbled on Tuesday on news that CEO Brian Niccol was jumping ship to Starbucks, according […]

(CNBC) Stock futures were mostly flat on Tuesday evening as Wall Street looks to keep a strong start to the week going with a key inflation report on deck. Futures tied to the Dow Jones Industrial Average dipped 22 points, or less […]

(CNBC) Elliott Management will launch a proxy fight at Southwest Airlines, and intends to nominate as many as 10 directors to the company’s 15-person board, the activist said Tuesday evening, a long-expected move following weeks of back and forth between the airline and the […]

(Hedgeweek) An activist fund at Boaz Weinstein’s Saba Capital Management, which focuses exclusively on investments in BlackRock’s closed-end products, surged by 22% this year up to the end of July, according to a report by Bloomberg. To read this article:

(CNBC) Starbucks announced Tuesday it’s replacing CEO Laxman Narasimhan with Chipotle CEO Brian Niccol, sending its stock soaring 24.5%, its best day ever. Chipotle’s stock fell over 10% on the news that Niccol would leave after a successful tenure at the burrito chain. To read this […]

(Hedgeweek) New York-based hedge fund Starboard Value has acquired a stake in Starbucks joining fellow activist Elliott Investment Management in investing in the troubled coffee retail chain, according to a report by The Wall Street Journal. To read this article:

(Hedgeweek) Digital asset investment products saw inflows totalling $176m last week as investors saw recent price weakness as a buying opportunity, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares. To read this article:

(Hedgeweek) New York is home to 12,732 hedge funds, clocking the most registrations of all US states, followed by California and Connecticut, according to analysis of hedge fund registration data by fund service provider Repool.  To read this article: