Category Archives: Syndicated
Quantum stocks sell-off accelerates as Zuckerberg tempers sector enthusiasm
(CNBC) Quantum computing stocks sold off Monday after Meta Platforms CEO Mark Zuckerberg cautioned that uses for computers with these capabilities remain years away. “I’m not really an expert on quantum computing, but my understanding is that’s still quite a […]
The UK wants to do its ‘own thing’ on AI regulation, suggesting a divergence from U.S. and EU
(CNBC) The U.K. says it wants to do its “own thing” when it comes to regulating artificial intelligence, hinting at a possible divergence from approaches taken by its main Western peers. “It’s really important that we as the U.K we […]
Microsoft CEO forms new AI group to build and run apps
(CNBC) Microsoft is forming a new group focused on developing AI apps and providing tools for third-party customers, the company announced Monday. The new group will be led by Jay Parikh, the former CEO of cybersecurity startup Lacework and former global […]
Stock futures tick lower as Wall Street gears up for key economic data
(CNBC) Stock futures were ticked lower early Monday as investors look toward a data-heavy week, which includes the December report on U.S. inflation and big bank earnings. Futures tied to the Dow Jones Industrial Average lost 81 points, or 0.19%. S&P 500 futures dipped […]
Mark Zuckerberg slams Apple on its lack of innovation
(CNBC) Meta CEO Mark Zuckerberg slammed rival tech giant Apple for lackluster innovation efforts and “random rules” in a lengthy podcast interview. “On one hand, [the iPhone has] been great, because now pretty much everyone in the world has a phone, “But on the other […]
The criminal question in the coming wave of pro-crypto legislation
(CNBC) With the levers of power in Washington, D.C., about to change hands, a raft of pro-crypto legislation is expected from Congress and the Trump administration. To date, there’s been less focus on the cybersecurity side of the political effort, which could […]
Britain builds homegrown rival to OpenAI in bid to become world leader in AI
(CNBC) The U.K is looking to build a homegrown challenger to OpenAI and drastically increase national computing infrastructure, as Prime Minister Keir Starmer’s government sets its sights on becoming a global leader in artificial intelligence. To read this article:
Tech surge helps Tiger Cubs post second straight year of gains
(Hedgeweek) Hedge funds managed by protégés of the late Tiger Management founder Julian Robertson, known as “Tiger Cubs,” reported robust double-digit returns in 2024, buoyed by the soaring performance of technology stocks, their second consecutive year of recovery following a […]
Fund managers take Saba concerns to City watchdog
(Hedgeweek) Fund managers have raised concerns with the City watchdog about US hedge fund Saba Capital’s plan to seize control of seven London-listed investment trusts, warning that shareholders could be left uncertain about the whereabouts of their investments, according to […]
Stock futures slide as Wall Street braces for Friday’s jobs report:
(CNBC) U.S. stock futures fell on Friday morning as investors anxiously await the release of new economic data on Friday. S&P 500 futures shed about 0.28%, and Nasdaq 100 futures fell 0.32%. Futures tied to the Dow Jones Industrial Average dropped 79 points, or 0.18%. […]
Friday’s jobs report could present a mixed view of the labor market.
(CNBC) The December jobs report is likely to provide only limited clarity on where the labor market is headed, with experts differing on how pronounced a slowdown there is in hiring. From a consensus view, economists expect the Bureau of […]
Fed Governor Bowman says December interest rate cut should be the last
(CNBC) Federal Reserve Governor Michelle Bowman said Thursday she supported the recent interest rate cuts but doesn’t see the need to go any further. In a speech to bankers in California that was part monetary policy, part regulation, Bowman said […]
