Monthly Archives: February 2024
Inflation in December was even lower than first reported, the government says
(CNBC) Updates to the consumer price index showed that the broad basket of goods and services measured increased 0.2% on the month, less than the originally reported 0.3%, the Labor Department’s Bureau of Labor Statistics said. While the change is […]
Fixed income strategies lead early 2024 hedge fund
(Hedgeweek) Hedge funds continued their end-of-year momentum into the first month of 2024 amid escalating geopolitical tensions, with fixed income-based strategies leading the way in terms of returns, according to performance data from HFR. To read this article:
Stock futures inch lower in overnight trading after S&P 500 touches historic 5,000 mark: Live updates
(CNBC) Stock futures edged lower Friday morning after the S&P 500 crossed the historic 5,000 milestone for the first time during intraday trading. Futures on the Dow Jones Industrial Average dipped 39 points, or 0.1%. S&P 500 futures slipped nearly […]
Arm’s post-earnings pop leaves stock trading at over 100% premium to Nvidia
(CNBC) Exactly two years ago, Nvidia’s attempt to purchase chip designer Arm from SoftBank came to an end due to “significant regulatory challenges.” SoftBank’s billionaire founder, has never been so lucky. That agreement would have involved selling Arm for $40 […]
SoftBank shares extend their surge, pop more than 15% on earnings beat
(CNBC) Shares of SoftBank Group rose as much as 15.29% Friday morning, a day after the Japanese investment firm posted earnings that beat analysts’ expectations. SoftBank’s on Thursday posted its first quarterly profit following four quarters of losses, thanks to […]
Coatue MD to start new hedge fund
(Hedgeweek) aron Weiner, a Managing Director at Coatue Management, the $40bn hedge fund founded by Philippe Laffont, will leave the firm at the end of the year to start his own hedge fund, according to a report by Bloomberg citing […]
Cloudflare stock jumps 21% on earnings beat as the company wins larger deals
(CNBC) Cloudflare’s revenue rose about 32%, consistent with growth in the third quarter, according to a statement. The company’s net loss of $27.9 million, or 8 cents per share, narrowed from $45.9 million in the year-ago quarter. To read this […]
U.S. lawmakers accuse five VC firms of investing $3 billion in Chinese companies linked to military activities
(CNBC) Sequoia Capital China, Qualcomm Ventures and three other venture capital firms plowed at least $3 billion into Chinese tech companies that support Beijing’s military and its repression of minorities in Xinjiang, a U.S. congressional report alleged on Thursday. To […]
Hedge fund billionaire Bill Ackman to launch a NYSE-listed fund for regular investors
(CNBC) Pershing Square’s Bill Ackman is set to offer a closed end fund, investing in 12 to 24 large-cap, investment grade, “durable growth” companies in North America, according to a regulatory filing. There will be no minimum investment. To read this article:
Disney beats earnings estimates, hikes guidance as it slashes streaming losses
(CNBC) Disney said it is on pace to meet or exceed its goal of cutting costs by at least $7.5 billion by the end of fiscal 2024. The company said it expects fiscal 2024 earnings per share of about $4.60, […]
SoftBank nets $16 billion on Arm earnings pop, exceeding its total losses in WeWork
(CNBC) Arm shares rocketed as much as 41% late Wednesday after the chip designer reported revenue and earnings that sailed past analysts’ estimates. SoftBank took Arm public in September and still owns about 930 million shares, or roughly 90% of […]
SEC faces challenge in implementing fee disclosure regulation
(Hedgeweek) The US Securities and Exchange Commission (SEC) is facing a legal challenge to its latest set of rules, which require hedge funds and private equity firms to detail quarterly fees and expenses to investors, according to a report by […]
