Monthly Archives: April 2024
Oracle’s Larry Ellison thinks every government will want to build a ‘sovereign’ AI cloud in the future
(CNBC) Every tech company is talking up its AI opportunity. Oracle is no exception. But during an earnings call in March, Oracle’s Larry Ellison laid out a future market opportunity focused on a major customer that investors may think about […]
Clear Street launches clearing services for market makers
(Hedgeweek) Clear Street, a New York-based diversified financial services firm, has launched clearing services for registered market makers in listed US equities and options, its first presence in the professional clearing market in close to a decade. To read this […]
Dow futures are little changed after index notches worst day in more than a year, jobs report looms: Live updates
(CNBC) Futures tied to the Dow Jones Industrial Average sat near flat Thursday night following the index’s worst session in over a year. Investors also awaited key labor data due Friday morning. Dow futures slipped 21 points, or 0.05%. S&P […]
Apple lays off over 600 California employees after shuttering car project
(CNBC)Apple is laying off 614 workers in California, according to a new state filing, the company’s first significant round of job cuts since the pandemic. The affected Apple employees worked at eight different facilities in Santa Clara, according to the […]
Trump Media is ‘a scam’ and people buying its stock are ‘dopes,’ Barry Diller says
(CNBC) Trump Media is “a scam,” and people buying its high-flying stock are “dopes,” IAC and Expedia Chairman Barry Diller said Thursday in a scathing takedown of the social media company whose majority shareholder is former President Donald Trump. “I […]
Disney beat back activist investor Nelson Peltz. Now the real work begins
(CNBC) Bob Iger can show progress in a number of areas over the next 12 months. That starts with turning his streaming services into a profitable unit, explaining ESPN’s digital strategy, scoring some box-office hits and picking a successor with […]
Samsung expects first-quarter profit to soar 931% as memory chip prices rebound
(CNBC) Samsung Electronics on Friday said it expects to post a 931% increase in first quarter operating profit, as chip prices rebound. Operating profit in the January-March quarter likely rose to 6.6 trillion Korean won ($4.89 billion), up 931% from […]
Stock-picking hedge funds see first net inflows in two years in February
(Hedgeweek) Stock-picking hedge funds are finding favour with investors again for the first time in two years with equity long-short hedge funds, seeing $1.5bn in net inflows in February — the first positive inflows in 24 months — according to […]
Equity gains power Q1 hedge fund rally
Hedgeweek) A rally in stocks, some commodities and the US dollar helped hedge funds ride out a bumpy period for bonds, with gains seen across different strategies in the first three months of the year, according to a report by […]
Stock futures tick higher following third straight day of losses for the Dow: Live updates
(CNBC) U.S. stock futures inched higher Wednesday night after the Dow Jones Industrial Average registered its third straight losing session. Futures tied to the 30-stock Dow rose 41 points, or 0.1%. S&P 500 futures gained 0.2%, while Nasdaq 100 futures […]
Amazon cuts hundreds of jobs in cloud computing unit
(CNBC) “We’ve identified a few targeted areas of the organization we need to streamline in order to continue focusing our efforts on the key strategic areas that we believe will deliver maximum impact,” an Amazon Web Services spokesperson said in […]
Trump Media is the most expensive U.S. stock to short — by far
(CNBC) You need a lot of cash — and guts — to short Trump Media stock right now. Trump Media, which began being publicly traded last week, is now far and away the most expensive U.S. stock to sell short, […]
