Hedge Fund News From HedgeCo.Net

(CNBC) Okta helps companies manage employees’ access to applications or devices with features such as single sign-on and multifactor authentication. The company swung to profitability, reporting net income of $16 million, or 9 cents per share, during the quarter, compared […]

(CNBC) Stock futures were little changed early Tuesday after the S&P 500 concluded the first session of December’s trading month at an all-time closing high. Futures for the S&P 500, Nasdaq 100 and the Dow Jones Industrial Average were all flat after a mixed session on Wall […]

(CNBC) Art Cashin, UBS’ director of floor operations at the New York Stock Exchange and a man The Washington Post called “Wall Street’s version of Walter Cronkite,” has died. In the intensely competitive and often vicious world of stock market […]

(CNBC) The package, worth about $56 billion, was the largest compensation plan in U.S. history for a public company executive. Tesla said in a post on social media platform X, which Musk owns, that it plans to appeal the ruling. […]

(Hedgeweek) As global markets face volatility driven by elections, central-bank policy shifts, and geopolitical tensions, hedge funds are increasingly investing in binary options — a high-risk, all-or-nothing strategy offering pre-determined payouts for accurate bets, according to a report by Bloomberg […]

(CNBC) Federal Reserve Governor Christopher Waller said Monday he is anticipating an interest rate cut in December but is concerned about recent trends on inflation that could change his mind. “Based on the economic data in hand today and forecasts […]

(CNBC) China’s race to develop smarter-than-human artificial intelligence may put it ahead of the U.S., but such ground-breaking technology could also risk lessening the stronghold that the ruling Communist Party has over the world’s second-largest economy. To read this article:

(CNBC) The company announced Gelsinger’s resignation Monday morning after a contentious board meeting last week over Gelsinger’s perceived failure to respond to Nvidia’s competitive edge and a lack of confidence in Gelsinger’s turnaround plans. Intel CFO David Zinsner and Intel […]

(CNBC) Stock futures are little changed Sunday night as investors looked toward the final month of trading this year. Futures tied to the Dow Jones Industrial Average slipped 47 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures ticked down 0.1% and 0.2%, respectively. […]

(CNBC) Stellantis CEO Carlos Tavares has unexpectedly resigned from the automaker amid increasingly “different views” between the executive and the board of directors, the company said Sunday. The world’s fourth-largest carmaker said its board accepted Tavares’ resignation on Sunday. His departure […]

(CNBC) The price of bitcoin is tracking for one of its best months of the year after former President Donald Trump’s election victory catapulted the flagship cryptocurrency to new records consistently throughout the month. Bitcoin is on pace to post […]

(CNBC) The latest court filings represent an escalation in the legal feud between Musk, OpenAI and its CEO Sam Altman, as well as other long-involved parties and backers including tech investor Reid Hoffman and Microsoft. To read this article: