Monthly Archives: September 2024

(CNBC) Oracle shares closed up 5.1% on Monday, continuing their recently rally and propelling Chairman Larry Ellison to become the world’s second-richest person, snatching the title from Amazon founder Jeff Bezos. Since the close of trading Friday, Ellison’s net worth has jumped $8.1 […]

(CNBC) It’s getting late into 2024 and the world is still worried about China.   From property woes to sluggish economic data, China appears to be suffering from long Covid. The country is still reeling from the effects of widespread lockdowns […]

(CNBC) Shares of Intel jumped 8% in extended trading after the company announced it’s creating a separate entity for its foundry business, which could allow it to raise outside funding. Intel is building foundry plants in four states as part of its […]

(CNBC) Stock futures were little changed Sunday night as investors await the Federal Reserve’s highly anticipated policy meeting, during which central bankers are expected to cut rates for the first time since 2020. S&P 500 futures hovered just above the flatline, while futures […]

(CNBC) On the plus side, the cryptocurrency rose 12% in the past seven days and the network hash rate hit an all-time high. Hash rate refers to the collective computing power of all miners in the bitcoin network, and the recent […]

(Hedgeweek) Steve Cohen’s Point72 Asset Management is preparing to return a significant portion of capital to investors for the first time, joining other large multi-strategy hedge funds that are capping assets after a period of rapid growth, according to a […]

(Hedgeweek) Elliott Advisors, the UK arm of activist hedge fund giant Elliott Investment Management, significantly boosted pay for its directors last year, despite a slight drop in revenue, according to a report by Financial News. To read this article:

(Hedgeweek) Hedge funds are ramping up wagers on the yen’s continued strength, with the Japanese currency surging by another 1% on Friday, as traders bought options against the Australian dollar, Swiss franc, and offshore Chinese yuan, according to a report […]

(Hedgeweek) August proved to be a strong month for hedge funds specialising in life sciences and biopharma stocks, with several firms reporting solid gains that helped many return to positive territory for the year, according to a report by Institutional […]

(CNBC) U.S. stock futures were little changed Thursday evening as traders sought to shake off a sluggish September. S&P 500 futures and Nasdaq 100 futures inched higher by less than 0.1%. Futures tied to the Dow Jones Industrial Average added just 26 points. During Thursday’s regular […]

(CNBC) More than 30,000 Boeing workers were set to strike Friday, halting production of most of the company’s aircraft after staff overwhelmingly rejected a new labor contract. It’s a costly development for the manufacturer that has struggled to ramp up production and restore […]