Monthly Archives: February 2024
Arkhouse makes Macy’s Director nominations
(Hedgeweek) Hedge fund Arkhouse Management has nominated a slate of nine individuals to stand for election as Directors to the board of US department store Macy’s after the retailer rejected a $5.8bn take-private offer from the investment firm, according to […]
Hedge funds upped Asia stock purchases ahead of China rate cut
(Hedgeweek) Hedge funds upped their purchases of stocks in a number of Asian emerging markets including China Korea, Taiwan and India, in the week ending 15 February, just ahead of a cut in China’s benchmark mortgage rate, according to a […]
Hedge fund Lingjun hit with stock exchange restrictions over “abnormal trading”
(Hedgeweek) rading by hedge fund Lingjun Investment has been temporarily restricted by two Chinese stock exchanges because of what they described as “abnormal trading” by the quant-driven firm, according to a report by Reuters. To read this article:
Jeff Bezos unloads around $2.4 billion in Amazon stock, bringing recent sales to 50 million shares
(CNBC) The sales began late last week and continued through Tuesday, according to a securities filing. In total, Bezos sold 14,006,906 shares in the company for about $2.4 billion, the filing states. The sales were executed under a prearranged trading […]
Woman drops lawsuit against Apollo Management Co Founder alleging rape at Jeffrey Epstein mansion
(CNBC) The suit by the woman, Cheri Pierson, was “discontinued with prejudice and without costs to any party,” according to a Manhattan Supreme Court filing. That notation means that Pierson cannot resurrect her legal claims against the billionaire investor Black […]
Walmart will report earnings before the bell. Here’s what to expect
(CNBC) As the nation’s largest retailer and private employer, Walmart often serves as a barometer for how consumers feel about their finances and how they are managing challenges like elevated grocery prices. The company will also kick off the major […]
S&P 500 futures are little changed as investors look to holiday-shortened trading week: Live updates
(CNBC) S&P 500 futures are near flat Monday night as the market comes off its first losing week in more than a month. Futures tied to the S&P 500 slid 0.1%, while Nasdaq 100 futures were near flat. Futures tied […]
Capital One to acquire Discover Financial Services in $35.3 billion all-stock deal
(CNBC) Under the agreement, Discover shareholders would receive 1.0192 Capital One shares for each Discover share or about a 26% premium from Discover’s Friday closing price of $110.49. The companies said they expect the deal to close in late 2024 […]
Magnificent 7 profits now exceed almost every country in the world.
(CNBC) The so-called “Magnificent 7” now wields greater financial might than almost every other major country in the world, according to new Deutsche Bank research. The meteoric rise in the profits and market capitalizations of the Magnificent 7 U.S. tech […]
Icahn secures two JetBlue board seats
(Hedgeweek) Activist investor Carl Icahn has secured two seats on the board at JetBlue Airways after revealing a 10% stake in the airline and then striking a deal that averts a potential proxy fight, according to reports. To read this […]
Stock futures are mixed as investors digest more earnings news: Live updates
(CNBC) Stock futures were mixed on Friday morning as investors attempt to carry forward the broader market’s strong momentum. Futures tied to the Dow Jones Industrial Average slipped 62 points, or 0.14%. S&P futures inched down 0.03%, while Nasdaq 100 […]
Rokos and Bridgewater back Nvidia in Q4
(Hedgeweek) Rokos Capital Management and Bridgewater Associates were among several big hedge funds to up their holdings in shares on Nvidia at the end of last year, positioning themselves to benefit from the stock’s almost 50% gain so far in […]