Monthly Archives: February 2023

(CNBC) Meta will create a new product group inside the company focused on generative AI, a new set of machine learning techniques that allow computers to generate text, draw pictures, and create other media that resemble human output. The move […]

(CNBC) Target on Tuesday will report holiday-quarter results, as retailers brace for a year that appears poised to bring slower sales and more price-conscious customers. Here’s what analysts are expecting for Target’s fiscal fourth quarter, according to consensus estimates from […]

(Hedgeweek) Zoom shares climbed 8% in extended trading on Monday after the video chat company reported fiscal fourth-quarter results that exceeded analysts’ estimates and offered optimistic earnings guidance for the year. Here’s how the company did: Earnings: $1.22 per share, […]

(CNBC) U.S. equity futures were higher on Monday morning after the major averages posted their biggest weekly losses of the year and ahead of another big week in retail earnings. Futures tied to the Dow Jones Industrial Average gained 15 […]

(Hedgeweek) Struggling money manager Janus Henderson is looking to hedge fund and private credit investments as part of a strategy to revive its fortunes having seen investors withdraw in the region of $130 billion of funds since 2017, according to […]

(Hedgeweek) Staff at Bridgewater Associates are top of the league when it comes to employee perks, according to data from Levels.fyi, with the firm spending $21,414 per year per employee on a range of benefits including free meals, pension contributions […]

(CNBC) U.S. railroad Union Pacificon Sunday said it expects to name a successor to assume the position of chief executive officer replacing Lance Fritz in 2023. “Union Pacific has been my home for 22 years and I am confident that […]

(CNBC) Warren Buffett defended stock buybacks in Berkshire Hathaway’s annual letter, pushing back on those railing against the practice he believes to be beneficial to all shareholders. “When you are told that all repurchases are harmful to shareholders or to the country, […]

(Hedgeweek) Galaxy Digital Holdings (Galaxy), a financial services and investment management specialist in the digital asset, cryptocurrency, and blockchain technology sectors, has completed its acquisition of substantially all of the assets of GK8, a secure institutional digital asset custody platform, […]

(CNBC) U.S. stock futures were flat Friday morning after the S&P 500 snapped a four-day losing streak. Dow Jones Industrial Average futures fell by 25 points, or 0.08%. S&P 500 and Nasdaq 100 futures dipped 0.06% and 0.18%, respectively. Boeing […]