Monthly Archives: January 2024
Hedge funds buy Chinese stocks at fastest rate in five years
(Hedgeweek) Hedge funds upped their acquisitions of Chinese stocks to the fastest pace seen in over five years during a three-day period last week, according to a report by Reuters which cites a client note from Goldman Sachs. To read […]
AMD shares fall as first-quarter forecast comes in light
(CNBC) AMD reported fourth-quarter earnings Tuesday that were in line with analyst expectations. And while the semiconductor company’s revenue beat estimates, AMD offered a first-quarter forecast that fell short of expectations. AMD stock slid more than 6% in extended trading, […]
Elon Musk’s $56 billion Tesla compensation voided by judge, shares slide
(CNBC) A Delaware judge on Tuesday voided the $56 billion pay package of Tesla CEO Elon Musk, ruling that the company’s board of directors failed to prove “that the compensation plan was fair” or show much evidence that they had […]
Wall Street punishes Alphabet and Microsoft despite earnings beats after stocks hit record
(CNBC) Results were good, but not good enough. That’s Wall Street’s reaction to quarterly results on Tuesday from Alphabet and Microsoft. Both companies reported revenue and earnings that exceeded estimates, yet the stocks sold off in extended trading. In investor […]
A change to this one clause could be the most important part of the Fed meeting
(CNBC) All eyes are likely to gravitate to one small piece of wording that could unlock the future of monetary policy. In its post-meeting statement, the central bank is expected give an important hint about interest rate moves to come […]
Founder of $1.7 Billion “HyperFund” Charged in Alleged Crypto Pyramid Scheme and Fraud
(HedgeCo.Net) The Securities and Exchange Commission has charged Xue Lee (aka Sam Lee) and Brenda Chunga (aka Bitcoin Beautee) for their involvement in a fraudulent crypto asset pyramid scheme known as HyperFund that raised more than $1.7 billion from investors […]
S&P 500 futures are little changed as investors prepare for Big Tech earnings: Live updates
(CNBC)S&P 500 futures are little changed Tuesday morning as investors analyzed the latest corporate earnings with the Federal Reserve policy meeting on the horizon. Futures connected to the broad index were flat, while Nasdaq 100 futures added 0.13%. Dow Jones […]
Bitcoin bounces above $43,000, turns positive for 2024
(CNBC) The price of bitcoin broke above the $43,000 level on Monday as the cryptocurrency extended its recent gains. Bitcoin was last trading higher by 2.93% at $43,097.35, according to Coin Metrics. Bitcoin has fought back into the green for […]
Millennium pulls $1.5bn from Meridiem
(Hedgeweek) Millennium Management, the multi-strategy major founded by Izzy Englander, has pulled cash from Meridiem Capital Partners, three years after backing the stock-focused hedge fund to the tune of $1.5bn, according to a report by Bloomberg. To read this article:
Ex-Merricks trading head targets $500m for new commodities hedge fund
(Hedgeweek) Farrer Capital, a new agriculture-focused hedge fund co-founded by Adam Davis, the former Head of Commodities Trading at Merricks Capital, is looking to raise an initial $500m for investments, according to a report by Reuters. To read this article:
Busy Fed week, tech earnings could dictate the course of this rally, Fundstrat’s Tom Lee says
(CNBC) Investors are embarking on a hectic week with key tech companies reporting and a big Federal Reserve meeting – and it could shape the next steps for the stock market’s rally, said Fundstrat’s Tom Lee. Microsoft and Alphabet are […]
FanDuel parent Flutter lists on the NYSE, challenging DraftKings as sports-betting pure play
(CNBC) FanDuel parent Flutter listed on the New York Stock Exchange on Monday, offering U.S. investors an alternative to the biggest pure play in sports betting, DraftKings It’s a secondary listing for the international sportsbook, which will retain its primary […]