Category Archives: Syndicated
S&P 500 futures pop in overnight trading, boosted by Alphabet and Microsoft: Live updates
(CNBC) S&P 500 futures rose Friday as Big Tech names Alphabet and Microsoft saw shares rally on strong earnings. Futures linked to the broad market index climbed 0.9%, and Nasdaq 100 futures popped 1.15%. Futures on the Dow Jones Industrial […]
Alphabet tempers fears that it’s falling behind in AI with blowout first-quarter results
(CNBC) Alphabet went into its earnings report on Thursday facing concerns about the growth of its core Google ads business and the company’s ability to generate profits from its hefty investments in artificial intelligence. Alphabet topped analysts’ estimates, reporting revenue […]
Former Tesla SVP Drew Baglino is selling $181.5 million worth of stock
(CNBC) Baglino, who joined Tesla in 2006, is selling about 1.14 million of his shares, the filing said, listing an “approximate date of sale” of April 25, and describing it as an exercise of stock options. Tesla announced on April […]
Microsoft says cloud AI demand is exceeding supply even after 79% surge in capital spending
(CNBC) Microsoft is increasing spending at a rate not seen since at least 2016. It still might not be enough. In its earnings report on Thursday, Microsoft said capital expenditures jumped 79% from a year earlier to $14 billion. The […]
Mark Zuckerberg’s net worth plummets by more than $18 billion in Meta stock drop
(CNBC) Meta beat expectations on revenue and profit but delivered a lighter-than-expected revenue forecast. Zuckerberg told investors that the company would continue to spend billions of dollars investing in areas such as artificial intelligence and the metaverse, even though Meta […]
Schroders Capital partners with iCapital to widen access to semi-liquid global private equity strategy
(Opalesque) Schroders Capital, a global private markets manager, and iCapital1, the global fintech platform driving the world’s alternative investment marketplace for the wealth management industry, today announce a strategic partnership that enables Schroders Capital to broaden access to wealth managers […]
Stock futures fall after Meta Platforms, IBM report quarterly results: Live updates
(CNBC) U.S. stock futures fell on Wednesday night after tech juggernaut Meta Platforms reported its latest quarterly results. Traders also looked ahead to the release of key economic data later this week. Futures tied to the Dow Jones Industrial Average […]
Meta loses $200 billion in value as Zuckerberg focuses earnings call on all the ways company bleeds cash
(CNBC) Mark Zuckerberg started Meta’s earnings call by talking about artificial intelligence. Then he moved onto the metaverse, touting his company’s headsets, glasses and operating system. He spent almost the entirety of his opening remarks focused on the many ways Meta […]
IBM to acquire HashiCorp in $6.4 billion deal, reports another revenue miss
(CNBC) IBM shares slipped as much as 9% in extended trading Wednesday after the hardware, software and consulting provider said it would acquire cloud software maker HashiCorp and reported first-quarter revenue that was lower than analysts had predicted. To read […]
JPMorgan Chase is caught in U.S-Russia sanctions war after overseas court orders $440 million seized from bank
(CNBC) A Russian court sided with state-run lender VTB Bank in its efforts to recoup $439.5 million from JPMorgan Chase that the American lender froze in U.S. accounts after the Ukraine invasion. The court ordered the seizure of funds in […]
Rubrik prices IPO at $32 per share, above the expected range
(CNBC) Rubrik, a data-management software company backed by Microsoft priced its IPO at $32 a share. That’s above its expected range. The 10-year-old company sold 23.5 million shares ahead of its New York Stock Exchange debut on Thursday and will […]
Appaloosa sues over Credit Suisse AT1 bonds
(Hedgeweek) Appaloosa Management, the distressed debt-focused hedge fund firm founded by David Tepper and Jack Walton, has become the latest company to file a lawsuit over the wipeout of $17bn of high-risk bonds in UBS Group’s deal last year to […]
