Monthly Archives: April 2024
Tesla shares fall to lowest in almost a year after job cuts heighten concerns about waning demand
(CNBC) Companies often see their stock price jump after announcing job cuts, as Wall Street rallies around the prospects for improved efficiency and profits. But that’s not how investors treated the latest news out of Tesla. Shares of the electric […]
Fed Chair Powell says there has been a ‘lack of further progress’ this year on inflation
(CNBC) Speaking to a policy forum focused on U.S.-Canada economic relations, Powell said that while inflation continues to make its way lower, it hasn’t moved quickly enough, and the current state of policy should remain intact. “More recent data shows […]
Hedge fund founder Shah accused of masterminding cum-ex fraud in London civil trial
(Hedgeweek) Hedge fund founder Sanjay Shah has been accused of masterminding a “meticulously pre-planned” cum-ex trading scheme that defrauded the Danish government of £1.4bn ($1.7bn) at a civil court case in London brought by Danish tax agency Skat. To read […]
Stock futures are little changed after Dow’s sixth straight losing day: Live updates
(CNBC) U.S. stock futures were little changed Monday night after a losing day for the major benchmarks. Dow Jones Industrial Average futures inched lower by 2 points, or 0.01%. S&P 500 futures and Nasdaq 100 futures flickered near the flatline. […]
Tesla will lay off more than 10% of global workforce: Read the Elon Musk memo
(CNBC) Tesla will lay off more than 10% of its global workforce, according to a memo sent to employees by CEO Elon Musk. The company’s shares closed down more than 5% on Monday. “As we prepare the company for our […]
Hong Kong grants initial bitcoin, ether ETF approvals
(Hedgeweek) Hong Kong has granted initial conditional approvals to Harvest Global Investments and a partnership between HashKey Capital and Bosera Asset Management (International) for spot-bitcoin and ether exchange-traded funds, according to a report by Bloomberg. To read this article:
Jane Street sues Millennium and two ex-employees over ‘stolen trade secrets’
(Hedgeweek) Global proprietary trading firm Jane Street has taken legal action against multi-strategy hedge fund major Millennium Management and two former employees over the alleged theft of trader secrets, according to a report by the Financial Times. To read this […]
Hedge fund Barington urges Paramount to scrap talks with Skydance
(Hedgeweek) Barington Capital, the fundamental, value-oriented activist hedge fund firm founded in 2000 by James A Mitarotonda, wants Paramount Global to scrap its exclusive merger talks with Skydance Media, according to a report by Reuters. To read this article:
RIAs opting for PE over hedge funds
(Hedgeweek) Registered investment advisers (RIAs) who run private funds for clients have upped their allocations to private equity investments while cutting their exposure to hedge funds over the last nine years, according to a report by Citywire. To read this […]
Headstart Fund of Funds up more than 20% for second year running in 2023
(Hedgeweek) Headstart Fund of Funds posted its fourth consecutive double-digit positive annual return in 2023, with back-to-back returns in excess of 20% in both 2022 and 2023 seeing it outperform global equity and bond markets and every hedge fund index […]
Dow futures rebound from worst week of 2024 even as traders brace for Israel response to Iran attack: Live updates
(CNBC) U.S. stock futures managed to tick higher Sunday as investors dealt with a multitude of issues, including Iran’s missile and drone strike on Israel and a spike in equity market volatility that sent the Dow Jones Industrial average to […]
South Korea ordered to pay US hedge fund $32m over Samsung merger
(Hedgeweek) A Dutch arbitration court has ordered South Korea to pay New York hedge fund Mason Capital Management more than $32m in a dispute over the merger of two Samsung affiliates back in 2015, according to a report by Reuters. […]
