Monthly Archives: April 2024
Goldman Sachs should split CEO and chairman roles, proxy adviser ISS says
(CNBC) Goldman Sachs should separate the CEO and Chairman roles currently held by David Solomon, top proxy adviser Institutional Shareholder Services (ISS) recommended on Wednesday. “Shareholders would benefit from more independent oversight,” ISS wrote in a report sent by a representative, ahead of the bank’s annual […]
Steve Cohen says his financial firm can already save $25 million by using AI
(CNBC) You can count billionaire investor Steve Cohen among those who believes artificial intelligence is already making an impact on the business world. The Point72 founder says his financial firm has found ways for even the early AI models to […]
Fed’s Powell emphasizes need for more evidence that inflation is easing before cutting rates
(CNBC) Speaking specifically about stronger-than-expected price pressures to start the year, the central bank leader said he and his fellow officials are in no rush to ease monetary policy. “On inflation, it is too soon to say whether the recent […]
Stock futures are little changed after Dow’s second straight losing day in new quarter: Live updates
(CNBC) U.S. stock futures were little changed Wednesday morning after the Dow Jones Industrial Average fell for a second day in a rough start to the quarter. Dow futures fell by 56 points, or 0.14%. S&P 500 futures were lower […]
Intel shares fall after company reveals $7 billion operating loss in foundry business
(CNBC) Intel says its foundry business recorded an operating loss of $7 billion in 2023 on sales of $18.9 billion. That’s a wider loss than the $5.2 billion Intel reported in its foundry business in 2022 on $27.5 billion in […]
T Rowe Price backs incumbents while CalPERS votes with Trian in Disney board room battle
(Hedgeweek) Disney’s board has secured the backing of T Rowe Price – and the votes attached to the mutual fund’s firm’s 11.7 million shareholding in the entertainment giant – in its battle with Nelson Peltz’s activist hedge fund firm Trian […]
Private equity firm Silver Lake to take entertainment company Endeavor private at $27.50 a share
(CNBC) Endeavor’s stock rose more than 2% Tuesday afternoon after a brief halt ahead of the announcement. It was trading just under $26 per share. Silver Lake will acquire 100% of the shares it does not already own. Endeavor is […]
Tesla shares fall after deliveries drop 8.5% from a year ago
(CNBC) Tesla shares fell on Tuesday after the company reported a drop in vehicle deliveries in the first quarter, the first annual decline since 2020, when the global pandemic disrupted production. Here are the key numbers: Total deliveries Q1 2024: […]
Activist bets help Third Point to 8% Q1 gain
(Hedgeweek) Successful activist bets have helped Third Point, the New York-based hedge fund firm founded by Daniel Loeb, to record an 8% return for its main offshore fund and a 8.7% gain for its Ultra strategy so far this year, […]
Partner departs hedge fund Baupost
(Hedgeweek)Gregory Ciongoli, a partner in the public investment group at The Baupost Group, has left the $23bn value-oriented, multi-strategy hedge fund firm, which is headed by Chef Executive Officer and Portfolio Manager Seth Klarman, according to a report by Pensions […]
Stock futures slip Tuesday morning after S&P 500 falls to start second quarter: Live updates
(CNBC) Stock futures slipped Tuesday morning after the S&P 500 and the Dow Jones Industrial Average kicked off April with declines. S&P 500 futures ticked lower by 0.15%, and Nasdaq 100 futures dipped 0.16%. Futures tied to the 30-stock Dow […]
Rubrik files to go public as tech companies see thawing of IPO market
(CNBC) Rubrik, a nine-year-old data security software vendor, filed to go public on Monday, the latest venture-backed company to move toward the public market after an extended lull dating back to late 2021. To read this article:
