Category Archives: Syndicated
SpaceX valuation surges to $350 billion as company buys back stock
(CNBC)The valuation of Elon Musk’s SpaceX hit $350 billion based on a secondary share sale, CNBC confirmed Wednesday. SpaceX, as well as investors, agreed to buy stock from insiders in a $1.25 billion purchase offer at $185 a share, according to copies […]
Alphabet and Tesla reach fresh records, joining Amazon and Meta and pushing Nasdaq past 20,000
(CNBC) Alphabet and Tesla climbed to fresh records on Wednesday, closing at all-time highs alongside Amazon and Meta as the tech megacaps lifted the Nasdaq past 20,000 for the first time. Tech’s seven trillion-dollar companies added roughly $416 billion in […]
Hedge funds return 10% globally in 2024 while proving diversification worth, says Preqin
(Hedgeweek) Hedge funds demonstrated value in investor portfolios as both diversifiers and risk mitigators, while offering double-digit returns, according a new report from alternative investment data specialist Preqin. To read this article:
Hedge funds open to deploying new software to gain a competitive edge
(Hedgeweek) New research by Beacon Platform, a fintech focused on solutions for quant developers, shows that most hedge funds are spending too much time and manual effort on some important risk management processes, and are willing to switch software vendors […]
Stock futures are little changed as investors brace for key inflation data
(CNBC) Stock futures are near flat Tuesday night as investors gear up for incoming inflation data. Dow Jones Industrial Average futures rose 5 points, sitting near the flatline. S&P 500 futures and Nasdaq 100 futures ticked higher by less than 0.1% each. Traders are awaiting […]
Alphabet shares jump 6% after Google touts ‘breakthrough’ quantum chip
(CNBC) Alphabet shares rose 6% on Tuesday, the day after the company hailed its latest quantum computing chip as a “breakthrough.” The Google parent company on Monday revealed “Willow,” a quantum computing chip that the company said performed significantly better on a quantum […]
Dollar optimism on the up among hedge funds and asset managers
(Hedgeweek) Optimism around the US dollar is spreading beyond hedge funds to broader asset management firms, fuelled by a resilient US economy and heightened geopolitical tensions, according to a report by Blomberg citing new data from the Commodity Futures Trading […]
The CPI report Wednesday is expected to show that progress on inflation has hit a wall
(CNBC) A key economic report coming Wednesday is expected to show that progress has stalled in bringing down the inflation rate, though not so much that the Federal Reserve won’t lower interest rates next week. The consumer price index, a […]
Ex-Allianz hedge fund manager avoids prison in $3.2bn fraud case
(Hedgeweek) Gregoire Tournant, the former Chief Investment Officer at Allianz SE’s US-based Structured Alpha hedge funds, has been sentenced to 18 months of home confinement for his role in a fraud that contributed to $3.2bn in investor losses, according to […]
Former Goldman Sachs star Avery joins Balyasny
(Hedgeweek) Dan Avery, a former managing director at Goldman Sachs known for his expertise in delta one trading, has joined Balyasny Asset Management (BAM) as a Portfolio Manager and is already building a specialised team at the firms London office, […]
Oracle shares suffer steepest drop of 2024 after earnings miss
(CNBC) Oracle shares dropped almost 7%, their steepest decline in a year, following the database software vendor’s disappointing earnings report. The stock’s worst day of 2024 had been a 5.4% decline in May. The shares are still up about 69% for […]
Stock futures are little changed after S&P 500, Nasdaq Composite retreat from records:
(CNBC) Stock futures hovered near the flatline on Tuesday morning, after both the S&P 500 and Nasdaq Composite pulled back from record highs. Futures tied to the broad market index slipped 0.05%, while Nasdaq 100 futures inched down 0.05%. Dow Jones Industrial Average futures lost 9 […]
