Category Archives: Syndicated
S&P 500 futures rise after earnings lift the index to a second winning day: Live updates
(CNBC) S&P 500 futures edged higher Tuesday night as investors parsed the latest financial releases from corporate America. Futures tied to the broad index advanced 0.1%, while Nasdaq 100 futures popped 0.4%. Dow Jones Industrial Average futures traded near flat. […]
Tesla cutting around 2,700 jobs in Austin and more than 3,300 in California as part of broad restructuring
(CNBC) Tesla is eliminating 3,332 jobs across the state of California, and 2,688 jobs in Austin, Texas, according to Worker Adjustment and Retraining Notification (WARN) Act letters and notices filed in both states. The layoffs are part of a broader […]
FTC votes to ban noncompete clauses that bar employees from working for competitors
(CNBC) The Federal Trade Commission on Tuesday voted 3-2 for a nationwide ban against noncompete agreements, which companies use to prevent employees from taking jobs with competitors in the same industry. The new rule is slated to go into effect […]
Jack Dorsey’s payments company, Block, is building its own bitcoin mining system
(CNBC) Jack Dorsey says that his payments company, Block (formerly Square), is expanding its bitcoin mining ambitions from designing chips to developing a full bitcoin mining system. The global tech firm has announced that it had finished the development of […]
Hedge funds ramp up borrowing to five-year high
(Hedeweek) The first sharp dip in US and European stocks this year prompted global hedge funds to up their borrowing to the highest level seen in five years in the week ending 19 April, according to a report by Reuters. […]
Hedge fund assets hit record $4.3tn, says HFR
(Hedgeweek)Global hedge fund industry assets increased for the sixth successive quarter in Q1 2024, hitting a record $4.3tn on the back of strong performance and investor inflows, according to the latest figures from industry data provider HFR. To read this […]
Stock futures are little changed after S&P 500 snaps 6-day losing streak: Live updates
(CNBC) U.S. stock futures were little changed on Monday night after the S&P 500 snapped a six-day losing streak, buoyed by a rebound in tech stocks. Wall Street also looked ahead to key earnings and economic data later this week. […]
Florida hedge fund manager jailed over multi-million dollar Ponzi scheme
(Hedgeweek) Florida man Michael Wayne Williams has been sentenced to one year and one day in prison for using his hedge fund management company Highguard Capital as part of a years-long, multimillion-dollar Ponzi scheme. To read this article:
Investors pull $1.6bn from Man Group in Q1
(Hedgeweek) Man Group, the world’s largest listed hedge fund firm, saw investors pull more than $1.6bn (£1.29bn) from its funds during the first three months of 2024, its second straight quarter of redemptions following outflows of $300m in Q4 2023, […]
General Motors is set to report earnings before the bell. Here’s what Wall Street expects
(CNBC) General Motors is set to report its first-quarter earnings before the bell Tuesday. Wall Street expects General Motors to report solid, if not “resilient,” results for the first quarter of this year, largely driven by expectations that vehicle pricing […]
Tech’s earnings bonanza this week shines spotlight on growing troubles at Tesla, Google
(CNBC) As tech’s behemoths get set to report earnings this week, they do so facing a mountain of drama. At Google, there have been protests and restructurings, while Tesla just announced mass layoffs, price cuts and a Cybertruck recall. Microsoft’s […]
Mark Zuckerberg says Meta will offer its virtual reality OS to hardware companies, creating iPhone versus Android dynamic
(CNBC) Meta will partner with external hardware companies, including Lenovo, Microsoft and Asus, to build virtual reality headsets using the company’s Meta Horizon operating system, the company said Monday. The move will create new hardware devices that run on the […]
