Monthly Archives: February 2024
Hedge funds dump tech stocks after buying spree
(Hedgeweek) Hedge funds are cashing out of the tech sector and selling their stock holdings at the fastest pace seen in seven months, after piling in over the weeks leading up to Nvidia’s earnings, according to a report by Bloomberg. […]
Zoom shares jump as quarterly results beat on top and bottom lines
(CNBC) Zoom shares rose as much as 13% in extended trading on Monday after the video chat software vendor announced fiscal fourth-quarter results that topped analysts’ expectations.Revenue increased less than 3% from $1.12 billion a year earlier, according to a […]
Hedge fund turn ultra bearish on back of US gas glut
(Hedgeweek)Despite prices falling to their lowest level in real terms since futures trading began in 1990, hedge funds and other professional traders have turned ultra bearish on their outlook for the US gas market, according to a report by Reuters. […]
Stock futures tick lower ahead of key inflation data and corporate earnings: Live updates
(CNBC) U.S. equity futures inched lower Monday as investors looked forward to the latest reading of the Federal Reserve’s preferred inflation gauge as well as a slew of big earnings reports. Futures tied to the Dow Jones Industrial Average were […]
BP exec’s husband guilty of insider trading $1.8 million, snooped on her calls
(CNBC) The husband of a former BP merger and acquisitions manager pleaded guilty to securities fraud related to insider trading by eavesdropping on his wife’s work calls while she was handling a potential acquisition of TravelCenters of America, a fuel […]
Berkshire Hathaway operating earnings jump 28% in the fourth quarter, cash pile surges to record
(CNBC) The Omaha-based conglomerate posted operating earnings — which refers to profits from businesses across insurance, railroads and utilities — of $8.481 billion in the quarter ending December. That’s 28% above the $6.625 billion from the year-ago period. To read […]
Nvidia briefly surpasses $2 trillion in market cap during intraday trading
(CNBC) After rising earlier in the day, shares of Nvidia closed up less than 1% Friday at $788.17 per share. Nvidia posted $22.10 billion in revenue for its fiscal fourth quarter, a 265% increase from a year ago and above […]
OpenAI CEO Sam Altman stands to net millions as Reddit goes public
(CNBC) Altman, who is now reportedly keen to raise trillions for chip development that could help meet Microsoft-backed OpenAI’s artificial intelligence computing demand, has invested in dozens of startups over the years. That includes Asana, which hit the New York […]
Anthony Scaramucci to headline US Digital Assets Summit
(Hedgeweek) Anthony Scaramucci, the Wall Street legend and former White House Communications Director, is to headline the highly anticipated Hedgeweek US Digital Assets Summit in New York on Thursday 14 March. To read this article:
Citadel earned over $4bn from commodities bets in 2023
(CNBC) Profits last year at multi-strategy hedge fund major Citadel were boosted by a bumper 12 months for the firm’s commodities trading business, which generated more than $4bn in 2023, according to a report by Bloomberg. To read this article:
Stock futures are little changed after S&P 500, Nasdaq notch best day in more than a year: Live updates
(CNBC) Stock futures were little changed Friday, after the S&P 500 and the Nasdaq Composite posted their best day since early 2023. Futures tied to the Dow Jones Industrial Average ticked up 54 points, or 0.1%. S&P 500 futures inched […]
Rokos makes $1bn from US bond bet
(Hedgeweek) Rokos Capital Management, the macro hedge fund major founded by Chris Rokos, stands to make a profit of more than $1bn after a bet on US interest rates paid off following a sell-off in US bonds, according to a […]