Monthly Archives: October 2023

(Hedgeweek) Steve Cohen, of Point72 Asset Management, was quoted saying that the US economy may fall into a short-lived recession this year before rebounding in the first quarter of next year, according to a report by Bloomberg. To read this […]

(CNBC) JPMorgan Chase CEO Jamie Dimon will begin to sell one million shares of the bank he runs next year. The plan has sparked concern that Dimon, 67, could be contemplating retirement. Dimon is arguably the country’s top banker. He has led JPMorgan […]

(Hedgeweek) High-Flyer Quant, a China based hedge fund, has suspended its co-founder Xu Jin from work due to his “improper handling of a family matter”, according to a report by Reuters. To read this article:

(CNBC) Zodia Custody, the crypto security firm owned by British banking giant Standard Chartered, is launching its services in Hong Kong. It marks the latest push for the U.K.-headquartered firm into the Asia-Pacific region. Founded in 2020, Zodia Custody helps […]

(CNBC) U.S. stock futures rose on Thursday night after the Nasdaq Composite slipped further into correction territory. Nasdaq 100 futures climbed 0.8%. Futures tied to the S&P 500 advanced 0.5%, while Dow Jones Industrial Average futures advanced 115 points, or […]

(CNBC) Amazon said fourth-quarter sales, which include the key holiday period, will be between $160 billion and $167 billion. Revenue jumped 13% in the third quarter, a sign that the business is seeing some acceleration after a difficult 2022 that was […]

(Hedgeweek) Neil Phillips, the co-founder of Glen Point Capital, was found guilty of fraud by a federal court in Manhattan, according to a report by the Financial Review. To read this article:

(CNBC) Ford Motor on Thursday missed Wall Street’s third-quarter earnings expectations, as it restructures its operations and regroups following the end of a nearly six-week U.S. labor strike that in total has cost the company $1.3 billion. Shares of the […]

(Hedgeweek) Bill Ackman, the founder of Pershing Square, has made profits of about $200m from his bet against thirty year US treasury bonds, according to a report by the Financial Times. (To read this article)

(CNBC) For the fourth quarter, Intel expects earnings of 23 cents per share, adjusted, on revenue of $14.6 billion and $15.6 billion, versus LSEG expectations of 32 cents per share on $14.31 billion in sales. Intel posted net income of […]

(Hedgeweek) Izzy Englander, the billionaire founder of Millennium Management LLC (Millennium), was quoted saying that that there is “a talent bubble” in the hedge fund industry in part to long non-compete clauses which is forcing funds to pay more for […]

(CNBC) Alphabet shares fell the most on Wednesday since the start of the Covid pandemic after revenue in the company’s Google Cloud unit trailed analyst estimates. The stock closed down 9.5% to end at $125.61. It marked its steepest drop […]