Monthly Archives: August 2024

(CNBC) U.S. stock futures were little changed Monday night as investors await this week’s key inflation data. Dow Jones Industrial Average futures rose 19 points, or 0.05%. S&P 500 futures and Nasdaq 100 futures climbed 0.02% and 0.01%, respectively. The […]

(CNBC) Spirit AeroSystems CEO Patrick Shanahan will receive a payout of $28.5 million after the 737 MAX fuselage supplier completes its merger with Boeing, according to a regulatory filing on Monday. Shanahan will get a cash payment of $2.3 million, converted Spirit restricted stock units worth $26.1 million and perquisites and benefits worth $45,000. To read this […]

(Hedgeweek) Third Point, the $12bn activist hedge fund firm led by Daniel Loeb, has built a 6% stake in Bath & Body Works and is pushing for board changes at the retailer, according to a report by Reuters citing a […]

(Hedgeweek) Hedge funds have adopted their most bearish stance on commodity prices since at least 2011, driven by concerns over a potential economic slowdown impacting demand for raw materials ranging from crude oil to metals and grains, according to a […]

(Hedgeweek) Former Engine No. 1 executive Charlie Penner, known for his landmark shareholder campaign against Exxon Mobil Corp over three years ago, has secured backing from the late Julian Robertson’s Tiger Management for his new activist venture, Ananym Capital Management, […]

(Hedgeweek) Derivatives and securities exchange network Cboe Global Markets is expanding its volatility products with the launch of options on Cboe Volatility Index futures, subject to regulatory review. To read this article:

(CNBC) OpenAI gained popularity in late 2022 after releasing ChatGPT, a chatbot that can answer user questions in a manner that sounds like a human. The company also has tools that can generate images and videos from text prompts. OpenAI […]

(CNBC) S&P 500 futures inched higher early Friday after investors regained some ground from this week’s sell-off. Futures tied to the broad-market index inched higher by about 0.16%, while Nasdaq 100 futures rose about 0.28%. Futures tied to the Dow Jones Industrial Average inched up […]

(Hedgeweek) Recent market turbulence has propelled Brevan Howard Asset Management’s flagship hedge fund, the $12bn Brevan Howard Master Fund, into profit for the year, reversing earlier losses, according to a report by Bloomberg. To read this article:

(CNBC) Cryptocurrencies resumed their rebound from their big sell-off earlier in the week, with bitcoin topping $60,000 late Thursday. The price of the flagship cryptocurrency was last higher by 11% at $61,232.36, according to Coin Metrics, rising above the $55,000 floor that has […]

((Hedgeweek) Hedge funds gained in July as recession fears mounted and volatility spiked into month-end, preceding an historic equity market drop to begin August, sparked partly by a steep decline in large cap tech equities, according to HFR. To read […]

(CNBC) The company’s shares were down roughly 9% in aftermarket trading. Warner Bros. Discovery reported the non-cash goodwill impairment charge, which was triggered by the reevaluation of the book value of the TV networks segment. The book value was higher than […]