Monthly Archives: January 2024
Bridgewater offers data interns $21,000 a month
(Hedgeweek) Multi-strategy major Bridgewater Associates is splashing the cash in a bid to secure future data talent, with Ray Dalio’s Connecticut-based hedge fund currently offering to pay $41,000 for eight-week investment engineer internships, according to a report by Financial News. […]
Chicago-based Aon Investments Charged with Misleading Pennsylvania Public Employees’ Pension Fund
(HedgeCo.Net) The Securities and Exchange Commission has settled charges against Aon Investments USA Inc., a Chicago-based registered investment adviser, and the firm’s former partner, Claire P. Shaughnessy, for misleading their client, the Pennsylvania Public School Employees’ Retirement System (PSERS), about […]
Nasdaq 100 futures slide after Intel’s guidance disappoints: Live updates
(CNBC) Nasdaq 100 futures slid on Friday morning after Intel issued an outlook that fell short of Wall Street’s expectations. Futures linked to the tech-heavy index shed 0.71%. S&P 500 futures dropped 0.36%, while Dow Jones Industrial Average futures slipped […]
Microsoft lays off 1,900 workers, nearly 9% of gaming division, after Activision Blizzard acquisition
(CNBC) Microsoft will lay off around 1,900 employees in its gaming unit, or around 9% of headcount, according to a Thursday memo obtained by CNBC. Microsoft Gaming CEO Phil Spencer said that the layoffs were part of a larger “execution […]
Alphabet, Microsoft and Meta close at all-time highs ahead of earnings next week
(CNBC) Shares of Alphabet rose 2.1% to close at $151.87. Microsoft rose 0.6% to $404.87, closing with a market cap over $3 trillion. Meta gained 0.6% to $393.18. Apple remains slightly below its high from December. The rally comes ahead […]
Pictet’s wealth management unit cuts hedge fund holdings
Hedgeweek) A belief that fewer alternative asset managers will better the returns of traditional equities and bond investments this year has prompted a reduction in client hedge fund holdings at Pictet’s wealth management unit, according to a report by Reuters. […]
Tesla shares close down 12% after automaker warns of slowdown
(CNBC) Tesla shares closed down 12% Thursday, their biggest drop in over a year, a day after the company reported earnings that missed expectations and warned of a slowdown in 2024. Tesla’s automotive revenue, a closely watched metric, totaled $21.6 […]
JPMorgan Chase shuffles top leaders as race to succeed Jamie Dimon drags on
(CNBC) JPMorgan Chase on Thursday said several executives considered frontrunners to one day take over for CEO Jamie Dimon had new or expanded roles. Jennifer Piepszak, co-head of JPMorgan’s giant consumer bank, will now became co-head of the firm’s commercial […]
Thursday’s GDP report expected to show the U.S. economy at a crossroads
(CNBC) The consensus outlook for the fourth quarter is that gross domestic product grew at a 2% seasonally adjusted annualized pace, sliding downward from the 4.9% in Q3 and the lowest reading since the 0.6% decline in the second quarter […]
China tells hedge funds to cut short selling of stock index futures
(Hedgeweek) China’s securities regulators have asked a number of hedge fund managers to restrict short selling of stock index futures as part of wider plans to stabilise the country’s declining markets, according to a report by Reuters. To read this […]
Hedge fund billionaire Bill Ackman buys nearly 5% stake in Tel Aviv Stock Exchange
(CNBC) The announcement came as the Israeli exchange announced the pricing of a secondary offering of 17,156,677 shares, or 18.5% of its market value, priced at 20.60 shekels ($5.50) per share, putting Ackman and his wife’s purchase at about $25 […]
Tesla shares drop 6% on weak auto revenue, warning of slower growth in 2024
(CNBC) Tesla reported revenue and profit for the fourth quarter that missed analysts’ estimates as automotive revenue increased just 1% from a year earlier. The stock slid almost 6% in extended trading. To read this article:
