Category Archives: Syndicated
Stock futures inch lower as investors brace for more inflation and labor data: Live updates
(CNBC) U.S. stock futures inched lower Wednesday night as investors brace for more inflation and labor data, following a volatile session spurred by the release of the August consumer price index. Dow Jones Industrial Average futures fell by 30 points, or […]
Consumer prices rose 0.2% in August as annual inflation rate hits lowest since early 2021
(CNBC) Inflation in August declined to its lowest level since February 2021, according to a Labor Department report Wednesday that also showed a key measure higher than expected, setting the stage for an expected quarter percentage point rate cut from […]
Hedge funds navigate record volatility to post August gains
(Hedgeweek)Hedge funds navigated an historic volatility surge in early August, with equity hedge and fixed income-based relative value arbitrage strategies leading that way, as the HFRI Fund Weighted Composite Index advanced +0.25% for the month. To read this article:
Bitcoin could soon hit six figures regardless of who wins U.S. election, investors say
(CNBC) Despite the increasingly partisan sentiment in the cryptocurrency industry, bitcoin will thrive over the long term regardless of who wins the U.S. presidential election in November. That’s a view many crypto investors are coming to accept, as the wave of optimism […]
Oracle trails only Nvidia among large-cap tech this year, as Ellison closes in on Bezos
(CNBC) Following a better-than-expected earnings report after the close on Monday, the stock popped 11% on Tuesday. It gained more steam on Wednesday, closing at a record $157.10. Oracle has seen double-digit gains following each of its three quarterly reports this year, […]
China wants to challenge the U.S. in AI — here’s what Chinese giants are doing
(CNBC) Global attention around generative artificial intelligence has been focused on big U.S. companies like OpenAI, Alphabet’s Google and Meta. But some of China’s giants, from Alibaba to Tencent, have launched their own AI models over the past 18 months, looking to capitalize on the hype […]
Stock futures are little changed as traders brace for August consumer inflation report: Live updates
(CNBC) U.S. stock futures were little changed Tuesday night ahead of the August consumer inflation report due Wednesday morning. Dow Jones Industrial Average futures fell 6 points, hovering near the flatline. S&P 500 futures and Nasdaq 100 futures both dipped less than 0.1%. In after-hours […]
JPMorgan Chase shares drop 5% after bank tempers guidance on interest income and expenses
(CNBC) JPMorgan Chase shares fell 5% on Tuesday after the bank’s president told analysts that expectations for net interest income and expenses in 2025 were too optimistic. While the bank expects to be in the “ballpark” of the 2024 target for […]
Two key inflation reports this week will help decide the size of the Fed’s interest rate cut
(CNBC) On Wednesday, the Labor Department’s Bureau of Labor Statistics will release its consumer price index report for August. A day later, the BLS issues its producer price index report, also for August, a measure used as a proxy for […]
Multi-manager hedge funds see outflows as investor interest wanes, says Goldman
(Hedgeweek) The once-booming multi-manager hedge fund sector, pioneered by firms like Citadel and Millennium, has seen its first net outflows in seven years, signalling that investor interest may be fading, according to a report by the Financial Times citing data […]
US hedge funds wade into Thames Water debt crisis
(Hedgeweek) Elliott Management, the New York-based hedge fund renowned for its aggressive investment tactics, is set to play a pivotal role in the future of Thames Water after acquiring the utility company’s debt at significantly reduced prices, according to a […]
Speed is key as hedge funds navigate the data challenge
(Hedgeweek) Data is more than a buzzword in alternative investments – it has become the lifeblood for countless hedge fund strategies, as quant and algorithmic trading take an ever more dominant position within the industry. To read this article:
