Monthly Archives: February 2024
Tesla continues reign as top shorted security in January
(CNBC) On the heels of topping the Americas large-cap list for most shorted stock of 2023, Tesla was the most crowded security in January, with a score of 99, according to the latest Shortside Crowdedness Report from Hazeltree. To read […]
Nvidia holdings disclosure pumps up shares of small AI companies
(CNBC) Investors have become so enamored with Nvidia’s artificial intelligence story that they want a piece of anything the chipmaker touches. On Wednesday, Nvidia disclosed in a regulatory filing that it has stakes in a handful of public companies: Arm, […]
Crypto venture funding climbs for first time in nearly 2 years after bitcoin’s stellar run
(CNBC) Venture funding for crypto-related companies in the fourth quarter of 2023 totaled $1.9 billion, a 2.5% increase from the prior quarter, PitchBook said Thursday. It marks the first time that venture VC investments in crypto startups have risen since […]
Jeff Bezos sells more than $2 billion in Amazon stock for third time this month
(CNBC) Amazon founder Jeff Bezos sold roughly $2.03 billion of shares in his company over the past few days, according to a regulatory filing, bringing his total sales this month to over $6 billion. On Tuesday and Wednesday, Bezos sold […]
Toast will lay off 10% of its workforce, about 550 employees, as growth slows
(CNBC) Toast, maker of restaurant management software, said on Thursday it will let go of 550 employees, about 10% of its workforce. The company also reported fourth-quarter earnings that surpassed Wall Street’s expectations. Several technology companies have instituted layoffs in […]
TSMC shares hit record high after Morgan Stanley lifts client Nvidia’s price target on AI chip demand
(CNBC) Shares of Taiwan Semiconductor Manufacturing Company reached an all-time high on Thursday after Morgan Stanley lifted the price target on chip designer Nvidia, citing a continued surge in AI demand. TSMC, which is the world’s largest producer of advanced […]
Stock futures are little changed as market rally seeks to regain momentum: Live updates
(CNBC)Stock futures were little changed on Thursday morning as Wall Street looked to build on a modest rebound with key economic data on deck. Futures tied to the Dow Jones Industrial Average ticked up 10 points, or 0.03%. S&P 500 […]
Cisco says it’s cutting 5% of global workforce, amounting to over 4,000 jobs
(CNBC) Cisco is the latest tech company to downsize in 2024, as the industry continues to squeeze out costs following the market downturn that hit two years ago. January was the busiest month for job cuts in the industry since […]
Nvidia passes Alphabet in market cap and is now the third most valuable U.S. company
(CNBC) Nvidia surpassed Google parent Alphabet in market capitalization on Wednesday. It’s the latest example of how the artificial intelligence boom has sent the chipmaker’s stock soaring. Nvidia rose over 2% to close at $739.00 per share, giving it a […]
Goldman Sachs achieves over 99% same day affirmation rate with DTCC’s CTM Match
(Hedgeweek) Goldman Sachs & Co has achieved a greater than 99% same day affirmation rate and a significant improvement in settlement rates for transactions leveraging CTM’s Match to Instruct (M2i) workflow in Q4 2023. To read this article:
Former SAC PM teams up with Cohen again at Point72
(Hedgeweek) Anthony Vaccarino, a former Portfolio Manager at Steve Cohen’s SAC Capital Advisors, has teamed up with his old boss again joining Point72 Asset Management’s capital markets team, where he will report to Andrew McEntire. To read this article:
Hedge funds snap up stocks amid “almost no panic” market
(Hedgeweek) Global hedge funds bought more stocks than they sold for the second consecutive week last week, mainly in ‘cyclical’ sectors such as energy, industrials and materials, amid an “almost no panic” market, according to a report by Reuters. To […]