Monthly Archives: September 2024
Stock futures are little changed as traders brace for August consumer inflation report: Live updates
(CNBC) U.S. stock futures were little changed Tuesday night ahead of the August consumer inflation report due Wednesday morning. Dow Jones Industrial Average futures fell 6 points, hovering near the flatline. S&P 500 futures and Nasdaq 100 futures both dipped less than 0.1%. In after-hours […]
JPMorgan Chase shares drop 5% after bank tempers guidance on interest income and expenses
(CNBC) JPMorgan Chase shares fell 5% on Tuesday after the bank’s president told analysts that expectations for net interest income and expenses in 2025 were too optimistic. While the bank expects to be in the “ballpark” of the 2024 target for […]
Two key inflation reports this week will help decide the size of the Fed’s interest rate cut
(CNBC) On Wednesday, the Labor Department’s Bureau of Labor Statistics will release its consumer price index report for August. A day later, the BLS issues its producer price index report, also for August, a measure used as a proxy for […]
Multi-manager hedge funds see outflows as investor interest wanes, says Goldman
(Hedgeweek) The once-booming multi-manager hedge fund sector, pioneered by firms like Citadel and Millennium, has seen its first net outflows in seven years, signalling that investor interest may be fading, according to a report by the Financial Times citing data […]
US hedge funds wade into Thames Water debt crisis
(Hedgeweek) Elliott Management, the New York-based hedge fund renowned for its aggressive investment tactics, is set to play a pivotal role in the future of Thames Water after acquiring the utility company’s debt at significantly reduced prices, according to a […]
Speed is key as hedge funds navigate the data challenge
(Hedgeweek) Data is more than a buzzword in alternative investments – it has become the lifeblood for countless hedge fund strategies, as quant and algorithmic trading take an ever more dominant position within the industry. To read this article:
Wildcat Capital invests $200m in new hedge fund spin-out
(Hedgeweek) Wildcat Capital Management, originally established as the family office of billionaire David Bonderman, has invested over $200m in a new hedge fund, Whitebark Investors, which has been spun out of the firm under the leadership of Thomas McConnon. To […]
Stock futures are little changed after S&P 500 posts first winning day in September: Live updates
(CNBC) Stock futures hovered near the flatline Monday evening after the major averages rebounded from their worst week in 2024. Futures tied to the S&P 500 added 0.1%, while Nasdaq 100 futures advanced 0.1%. Dow Jones Industrial Average futures were little changed. To read this […]
Hedge funds profit from China’s $100bn bet against the dollar
(Hedgeweek) China’s covert strategy to manage its currency is exposing domestic banks to potential multi-billion-dollar losses, while providing hedge funds and other investors with lucrative profits, according to a report by Bloomberg. To read this article:
Ex-Point72 President Scraps hedge fund launch plan
(Hedgeweek) Douglas Haynes, former President of Steve Cohen’s Point72 Asset Management, has abandoned his plans to launch a new hedge fund firm – Norias Research Group – citing challenges in raising sufficient capital, according to a report by Bloomberg. To […]
Oracle shares jump on earnings and revenue beat
(CNBC) Oracle’s revenue increased 8% from $12.45 billion a year ago, according to a statement. Net income rose to $2.93 billion, or $1.03 per share, from $2.42 billion, or 86 cents per share, in the same quarter a year ago. At […]
Goldman Sachs to post $400 million hit to third-quarter results as it unwinds consumer business
(CNBC) CEO David Solomon said at a conference that by unloading Goldman’s GM Card business, as well as a separate portfolio of loans, the bank would post a hit to revenues when it reports results next month. It is the latest turbulence […]
