Monthly Archives: February 2023
Why AMD is faring much better than Intel in the same tough economy
(CNBC) AMD and Intel are fierce competitors in a difficult market for chips, but one has a much brighter short-term outlook than the other. While Intel is expecting declines across the board, AMD’s data center business is growing with the […]
Elliot to nominate Salesforce directors
(Hedgeweek) Activist hedge fund firm Elliot Management is planning to nominate a slate of director candidates at Salesforce after acquire multi-million dollar stake in the could-based software company, according to a report by EuroNews. To read this article:
PayPal to lay off 2,000 employees in coming weeks, about 7% of workforce
(CNBC) PayPal on Tuesday announced plans to lay off 2,000 employees, or around 7% of its workforce, according to a release posted to the company’s website.President and CEO Dan Schulman wrote in the release that PayPal is working to address […]
Delaware Investment Adviser and Its Principal Charged with Conducting a Fraudulent “Cherry-Picking” Scheme
(HedgeCo.Net) The Securities and Exchange Commission today filed charges against Rehoboth Beach, Delaware-based Bell Rock Capital, LLC, and its principal, M. Cassandra Toroian, for operating a multi-year cherry-picking scheme that defrauded Bell Rock clients. The SEC’s complaint alleges that from […]
Dow futures fall more than 600 points as traders assess ripple effects of Russia sanctions
(CNBC) U.S. stock futures moved lower in overnight trading on Sunday as investors grew concerned about the economic ramifications of the fighting between Russia and Ukraine. Dow futures dropped 659 points. S&P 500 futures fell 2.43% and Nasdaq 100 futures […]
Russian ruble plunges nearly 30% against the dollar amid sanctions over Ukraine invasion
(CNBC) The Russian ruble dived around 29% against the dollar on Monday morning, as markets assessed the impact of sanctions on Russia amid a growing backlash against the Kremlin’s invasion of Ukraine. The ruble was trading as low as 119 […]
Russia’s VTB Bank dropped by U.S. lobbying firm after latest round of sanctions
(CNBC) VTB Bank lost their top U.S. lobbyists after President Joe Biden’s latest round of sanctions on the massive Russian financial institution. Sidley Austin, one of the most powerful lobbying firms in Washington D.C., is no longer representing the bank. […]
Warren Buffett calls Apple one of ‘Four Giants’ driving Berkshire Hathaway’s value
(CNBC) Warren Buffett said he now considers tech giant Apple as one of the four pillars driving Berkshire Hathaway, the conglomerate of mostly old-economy businesses he’s assembled over the last five decades. To read this article
Private equity returns beat publicly listed stocks again
(Opalesque) 2021 saw private equity’s continued outperformance of public equity, generating an extra 83 cents per dollar invested since 2017, said a study. Hamilton Lane’s market overview for 2022 shows that private real estate and credit, with significantly lower risk […]
SEC Charges Investment Adviser with Failing to Disclose Financial Conflicts of Interest
(HedgeCo.Net) The Securities and Exchange Commission has charged Arthur S. Hoffman with fraud arising from recommendations he made to clients while working as an investment adviser representative of Ameriprise Financial Services. The SEC’s complaint, filed February 24, 2022, alleges that, […]
SEC probes Tesla CEO Elon Musk and brother over recent stock sales
(CNBC) The Securities and Exchange Commission is investigating whether recent stock sales by Tesla CEO Elon Musk and his brother Kimbal Musk, who sits on Tesla’s board of directors, violated insider trading rules, the Wall Street Journal reported Thursday, citing […]
Coinbase posts big revenue beat but expects trading volume to fall in the first quarter
(CNBC) Coinbase reported fourth-quarter earnings that beat analyst estimates after the bell on Thursday. Shares bounced around after the report. They were down about 5% in extended trading by the end of executives’ call with analysts. To read this article:
