Category Archives: Syndicated
Oracle shares slide on earnings and revenue miss, disappointing forecast
(CNBC) Oracle shares slid 7% in extended trading on Monday after the database software company reported fiscal second-quarter results that fell short of analysts’ estimates and issued a weaker-than-expected forecast.Net income increased 26% to $3.15 billion, or $1.10 a share, from […]
Nvidia shares fall after China opens investigation over possible violation of antimonopoly law
(CNBC) Nvidia shares were under pressure Monday after a regulator in China said it was investigating the chipmaker over possible violations of the country’s antimonopoly law. Shares ended the session lower by about 2.6%. The State Administration for Market Regulation opened […]
Tesla sued by deceased driver’s family over ‘fraudulent misrepresentation’ of Autopilot safety
(CNBC) Tesla is being sued by the family of a driver who died in a 2023 collision, claiming that the company’s “fraudulent misrepresentation” of its Autopilot technology was to blame. The Tesla driver, Genesis Giovanni Mendoza-Martinez, died in the crash involving […]
Hedge fund Regal Partners ends Platinum Asset Management takeover talks
(Hedgeweek) Australian hedge fund Regal Partners has officially ended its takeover discussions with Platinum Asset Management after nearly two months of due diligence failed to result in an improved offer, according to a report by Bloomberg. To read this article:
Arrowpoint AUM surges to $1.1bn following November gains
(Hedgeweek) Multi-strategy hedge fund startup Arrowpoint Investment Partners has seen its assets under management (AUM) climb to $1.1bn, fuelled by a 3% return in November, marking its best monthly performance since launching in July, according to a report by Bloomberg. […]
TT International launches new Emerging Market Debt strategies
(Hedgeweek) TT International (TT), an alpha-driven specialist investment manager, has launched two new Emerging Market Debt (EM Debt) strategies, which will be managed by a team led by Jean-Charles (JC) Sambor, using the same contrarian approach the team has successfully […]
Stock futures are little changed after S&P 500 posts third-straight winning week: Live updates
(CNBC) U.S. stock futures were little changed Sunday night after the S&P 500 and Nasdaq Composite posted their third straight winning week, ahead of key inflation data due out this week. Dow Jones Industrial Average futures rose by 11 points, […]
Donald Trump says he won’t try to remove Fed chief Jerome Powell
(CNBC) President-elect Donald Trump said he will not try to replace Federal Reserve Chair Jerome Powell, whose term runs through May 2026. In an interview with “Meet the Press” moderator Kristen Welker, Trump said, “I don’t,” when asked if he plans to cut […]
AI’s growth is just getting started, BlackRock’s thematic ETF head says
(CNBC) BlackRock expects infrastructure and cybersecurity plays to shine in 2025. Jay Jacobs, the firm’s U.S. head of thematic and active ETFs, cites the artificial intelligence boom as a major catalyst. “It’s still very early in the AI adoption cycle,” he […]
The Fed is on course to cut interest rates in December, but what happens next is anyone’s guess
(CNBC)Friday’s jobs report virtually cements that the Federal Reserve will approve an interest rate cut when it meets later this month. Whether it should, and what it does from there, is another matter. The not-too-hot, not-too-cold nature of the November nonfarm […]
What’s next for Meta’s metaverse
(CNBC) In October 2021, Facebook CEO Mark Zuckerberg sent his trillion-dollar social media company into a new direction. Facebook changed its name to Meta and Zuckerberg set his sights on a new horizon, the metaverse. “There was genuinely a need and a desire at […]
Hedge funds bet big on MicroStrategy
(Hedgeweek) Hedge funds, including Calamos Advisors, have turned MicroStrategy into one of Wall Street’s hottest trades, with the company leveraging its role as a bitcoin proxy to secure billions in convertible bond investments, according to a report by Bloomberg. To […]