Category Archives: Syndicated
Broadcom’s long and winding path to the trillion-dollar club, and how Trump played a role
(CNBC) When Broadcom tried to buy rival Qualcomm for $120 billion in 2018, its efforts were thwarted. Qualcomm rejected the offer and the Trump administration declared the deal a potential threat to national security. In March of that year, Broadcom […]
Digital asset funds see record weekly inflows of $3.85bn
(Hedgeweek) Digital asset investment products saw the largest weekly inflows on record last week totalling $3.85bn, smashing the prior record set just a few weeks ago, according to the latest Digital Asset Fund Flows Weekly Report from CoinShares. To read […]
Former OpenAI researcher and whistleblower found dead at age 26
(CNBC)A 26-year-old former OpenAI researcher, Suchir Balaji, was found dead in his San Francisco apartment in recent weeks. Balaji left OpenAI earlier this year and raised concerns publicly that the company had allegedly violated U.S. copyright law while developing its popular ChatGPT […]
Dow futures are little changed after index posts longest losing streak since April: Live updates
(CNBC) Dow futures were little changed in overnight trading Thursday following a losing session on Wall Street. Futures tied to the Dow Jones Industrial Average hovered near the flatline. S&P 500 futures advanced nearly 0.2%, while Nasdaq-100 futures rose 0.5%. […]
Cathie Wood’s ARKK gets a 30% Trump bump, but outflows persist and top $3 billion in 2024
(CNBC) Innovation investor Cathie Wood’s struggling funds enjoyed a much-needed boost from Donald Trump’s reelection, but that hasn’t translated into investor inflows. Wood’s flagship Ark Innovation ETF (ARKK) has surged more than 30% since Election Day on Nov. 5, pushing its […]
SEC charges Cantor Fitzgerald, led by Trump’s Commerce pick, with breaking securities laws
(CNBC) The Securities and Exchange Commission on Thursday charged global financial services firm Cantor Fitzgerald with violating laws related to regulatory disclosures by so-called blank-check companies before they raise money from the public. Cantor’s chairman and CEO, Howard Lutnick, was […]
Broadcom shares rise 13% on profit beat, ‘massive’ opportunity in AI
(CNBC) Broadcom reported better-than-expected fourth-quarter earnings on Thursday and said artificial intelligence revenue for the year more than tripled. The chipmaker’s stock jumped after Broadcom CEO Hock Tan said the company is developing custom AI chips with three large cloud customers. […]
Texas House introduces bill to establish a strategic bitcoin reserve
(CNBC) Legislation was introduced in the Texas House of Representatives on Thursday to establish a strategic bitcoin reserve, which could serve as a proving ground for the U.S. Treasury. The proposed bill would enable the state to start building a strategic bitcoin reserve […]
Chevron tops list of most shorted Americas large-cap stocks
(Hedgeweek) Chevron remained the most shorted large-cap stock in the Americas for the second consecutive month in November, according to the 2024 Shortside Crowdedness Report from Hazeltree, which tracks short-selling trends globally. To read this article:
Quant Seven Eight Capital winding down following investor withdraws
(Hedgeweek) Quantitative hedge fund Seven Eight Capital, the quantitative hedge fund firm spun out of Schonfeld Strategic Advisors just a year ago, is winding down operations after facing significant investor redemptions, according to a report by Business Insider. To read […]
Stock futures slip after Nasdaq notches record close above 20,000
(CNBC) U.S. stock futures slid Thursday morning after the tech-heavy Nasdaq Composite finished above the 20,000 level for the first time. Futures tied to the Nasdaq 100 slipped 0.16%. S&P 500 futures were down 0.14%. Dow Jones Industrial Average futures […]
ETFs cross $1 trillion of inflows in 2024, extending record year
(CNBC) A record year for the exchange-traded fund industry recently crossed another milestone, surpassing $1 trillion of total inflows for the first time, according to research firm ETFGI and the Investment Company Institute. The fund that has enjoyed the biggest […]
