Monthly Archives: September 2024
Oracle bumps up fiscal 2026 revenue forecast, lifting stock 6%
(CNBC) Oracle shares rose about 6% in extended trading on Thursday after the database software maker raised its fiscal 2026 revenue guidance and issued a heady forecast for the 2029 fiscal year. At an analyst meeting coinciding with the Oracle CloudWorld […]
Strong case for 50 basis point Fed rate cut, says former NY Fed chief Dudley
(CNBC) Former New York Federal Reserve President Bill Dudley said there was a strong case for a 50 basis point interest rate cut in the United States.“I think there’s a strong case for 50, whether they’re going to do it or not,” […]
Elliott pressure prompts Southwest Airlines board overhaul
(Hedgeweek) Southwest Airlines revealed significant changes to its board of directors on Tuesday, including the upcoming departure of executive chairman Gary Kelly, following pressure from Elliott Investment Management, the activist hedge fund pushing for sweeping reforms at the company. To […]
Digital assets funds see first inflows in five weeks
(Hedgeweek) Digital asset investment products saw inflows totaling $130m last week, the first positive flows seen in five weeks, according to the latest digital assets fund flows weekly report from CoinShares. To read this article:
State Street launches fund to track hedge fund returns
(Hedgeweek) Southwest Airlines revealed significant changes to its board of directors on Tuesday, including the upcoming departure of executive chairman Gary Kelly, following pressure from Elliott Investment Management, the activist hedge fund pushing for sweeping reforms at the company. To […]
John Deere, to pay $10 Million to resolve alleged Bribery Charges
(HedgeCo.Net) The Securities and Exchange Commission has announced that Deere & Company, which does business as John Deere, has agreed to pay nearly $10 million to resolve SEC charges that it violated the Foreign Corrupt Practices Act (FCPA) arising out […]
Stock futures inch lower as investors brace for more inflation and labor data: Live updates
(CNBC) U.S. stock futures inched lower Wednesday night as investors brace for more inflation and labor data, following a volatile session spurred by the release of the August consumer price index. Dow Jones Industrial Average futures fell by 30 points, or […]
Consumer prices rose 0.2% in August as annual inflation rate hits lowest since early 2021
(CNBC) Inflation in August declined to its lowest level since February 2021, according to a Labor Department report Wednesday that also showed a key measure higher than expected, setting the stage for an expected quarter percentage point rate cut from […]
Hedge funds navigate record volatility to post August gains
(Hedgeweek)Hedge funds navigated an historic volatility surge in early August, with equity hedge and fixed income-based relative value arbitrage strategies leading that way, as the HFRI Fund Weighted Composite Index advanced +0.25% for the month. To read this article:
Bitcoin could soon hit six figures regardless of who wins U.S. election, investors say
(CNBC) Despite the increasingly partisan sentiment in the cryptocurrency industry, bitcoin will thrive over the long term regardless of who wins the U.S. presidential election in November. That’s a view many crypto investors are coming to accept, as the wave of optimism […]
Oracle trails only Nvidia among large-cap tech this year, as Ellison closes in on Bezos
(CNBC) Following a better-than-expected earnings report after the close on Monday, the stock popped 11% on Tuesday. It gained more steam on Wednesday, closing at a record $157.10. Oracle has seen double-digit gains following each of its three quarterly reports this year, […]
China wants to challenge the U.S. in AI — here’s what Chinese giants are doing
(CNBC) Global attention around generative artificial intelligence has been focused on big U.S. companies like OpenAI, Alphabet’s Google and Meta. But some of China’s giants, from Alibaba to Tencent, have launched their own AI models over the past 18 months, looking to capitalize on the hype […]
