Monthly Archives: October 2024

(CNBC) Goldman Sachs is scheduled to report third-quarter earnings before the opening bell Tuesday. How much will falling interest rates help Goldman Sachs? Over the past two years, the Federal Reserve’s tightening campaign has made for a less-than-ideal environment for investment banks like […]

(CNBC) Elon Musk is on track to become the world’s first trillionaire by 2027, according to a recent report from Informa Connect Academy. Of the world’s billionaires, Musk is the closest to that 13-figure mark, and his wealth is growing. […]

(CNBC) Stock futures were little changed in overnight trading Sunday as investors waited to assess whether the next batch of key corporate earnings could power the market to more records. Futures on the Dow Jones Industrial Average traded neat the […]

(Hedgeweek) A growing number of traditional hedge funds are venturing into the world of cryptocurrencies, with nearly half now having exposure to digital assets, according to a new survey by the Alternative Investment Management Association and PwC. To read this […]

(CNBC) JPMorgan said profit fell 2% from a year earlier to $12.9 billion, while revenue climbed 6% to $43.32 billion. Net interest income rose 3% to $23.5 billion, exceeding the $22.73 billion Street Account estimate, on gains from investments in […]

(CNBC) Last week’s inflation data provided more evidence that the Federal Reserve is nearing its objective, fresh on the heels of the central bank’s dramatic interest rate cut just a few weeks ago. Consumer and producer price indexes for September […]

(Hedgeweek)Commodity trading advisors (CTAs) and trend-following hedge funds made a significant comeback in September, with Quantedge Global Fund, which gained over 8% over the month, bringing its year-to-date return to 29.36%, leading the way, according to a report by Institutional […]

(Hedgeweek) LGT Capital Partners (LGT CP) has launched a new hedge fund vehicle for both institutional and wealth management clients offering access to the individual components of hedge fund strategies that make up the firm’s primary evergreen LGT Endowment portfolio, […]

(CNBC) Boeing will cut 10% of its workforce, or about 17,000 people, as the company’s losses mount and a machinist strike that has idled its aircraft factories enters its fifth week. It will also push back the long-delayed launch of its new wide-body […]

(CNBC) U.S. stock futures hovered near the flatline Tuesday night following a winning session for the major averages. Dow Jones Industrial Average futures lost 26 points, or 0.06%. S&P 500 futures and Nasdaq 100 futures both slipped about 0.1%. Wall Street is coming off a strong […]

(CNBC) The Department of Justice late Tuesday made recommendations for Google’s search engine business practices, indicating that it was considering a possible breakup of the tech giant as an antitrust remedy. The remedies necessary to “prevent and restrain monopoly maintenance […]

(Hedgeweek) Activist hedge fund firm Starboard Value has built a $1bn position in Pfizer and is planning to push for strategic changes at the pharmaceutical giant as the company grapples with declining post-pandemic revenues, according to a report by the […]