Monthly Archives: February 2023
Jamie Dimon says the Federal Reserve has ‘lost a little bit of control of inflation’
(CNBC) JPMorgan Chase CEO Jamie Dimon said Thursday that containing inflation remains a work in progress for the Federal Reserve, while noting the U.S. economy continues to show signs of strength. “I have all the respect for [Fed Chair Jerome] […]
FTX founder Sam Bankman-Fried hit with four new criminal charges
(CNBC) FTX co-founder Sam Bankman-Fried was hit Thursday with four new criminal charges, including ones related to commodities fraud and making unlawful political contributions, in a superseding indictment filed in New York federal court. A source familiar with the new […]
Warner Bros Discovery revenue misses as media giant posts big loss
(CNBC) Warner Bros. Discovery on Thursday posted a large loss and recorded about $11.1 billion in fourth quarter revenue, missing analysts’ estimates, as the media industry contends with a soft advertising market. The company’s TV networks segment – which includes […]
SEC rebuffs Elon Musk’s attempt to get out of ‘funding secured’ settlement
(CNBC) The SEC argued in a letter to the U.S. Court of Appeals for the Second Circuit in New York this week that Tesla CEO Elon Musk still needs a so-called “Twitter sitter,” and that an earlier settlement agreement between […]
Adobe slips on report saying DOJ plans suit to block $20 billion Figma deal
(CNBC) Adobe shares fell as much as 5% in extended trading following a report that said the U.S. Justice Department is planning a lawsuit to block the company’s $20 billion acquisition of startup Figma. A case could come as soon […]
Stock futures rise on Thursday morning: Live updates
(CNBC) Stock futures ticked higher Thursday morning. Futures tied to the Dow Jones Industrial Average added 85 points or 0.26%. S&P 500 futures gained 0.42%, and Nasdaq 100 futures jumped 0.77%. Nasdaq futures got a boost from Nvidia, which rose […]
Bridgewater’s Dalio secures multi-billion dollar exit package
(Hedgeweek) Bridgewater Associates founder Ray Dalio has negotiated an exit package worth ‘billions’ of dollars as part of his decision to retire form the day-to-day running of the business last year, according to a report by the New York Times. […]
Fed minutes show members resolved to keep fighting inflation with rate hikes
(CNBC) Federal Reserve officials at their most recent meeting indicated that there are signs inflation is coming down, but not enough to counter the need for more interest rate increases, meeting minutes released Wednesday showed. To read this article:
Nvidia stock rises after slight beat driven by A.I. chips
(CNBC) Nvidia stock rose more than 8% in extended trading on Wednesday after the company reported slightly higher revenue and net income than Wall Street expected, despite a year-over-year decrease in both categories. Here’s how the chipmaker did versus Refinitiv […]
Hedge funds positioned for stock-picking gains, says Goldman
(Hedgeweek) With market conditions for US stock-pickers becoming more favourable, hedge funds are positioning accordingly by ramping up their use of leverage as they look to reap gains from outperforming stocks, according to a report by Bloomberg. To read this […]
Digital asset fund outflows at highest level since late December
(Hedgeweek) Digital asset investment products saw outflows totalling $32 million last week, the largest total since late December 2022, according to the latest Digital Assets Fund Flows Weekly report from CoinShares. To read this article:
Baidu says its alternative to ChatGPT is coming to the public in March
CNBC) Chinese tech giant Baidu said Wednesday its artificial intelligence product Ernie bot is set to open to the public next month. The news comes as Microsoft-backed ChatGPT has skyrocketed in popularity for its ability to converse in a human-like […]