Category Archives: Syndicated
Stock futures rise slightly as investors prepare for Fed’s preferred inflation gauge: Live updates
(CNBC) Stock futures rose on Friday morning as the major averages head for weekly losses and investors anticipated a reading of the Federal Reserve’s preferred inflation gauge. Futures tied to the Dow Jones Industrial Average advanced 151 points, or 0.38%. S&P 500 futures and Nasdaq […]
OpenAI announces a search engine called SearchGPT; Alphabet shares dip
(CNBC) OpenAI on Thursday announced a prototype of its search engine, called SearchGPT, which aims to give users “fast and timely answers with clear and relevant sources.” The company said it eventually plans to integrate the tool, which is currently being tested […]
Citadel boss ups Sphere Entertainment stake
(Hedgeweek) Ken Griffin, the founder of Citadel, has significantly increased his stake in Sphere Entertainment to 5.3%, according to a recent SEC filing. Having previously held a 1.6% stake in Sphere through Citadel, Griffin added more than 900,000 shares since […]
Hedge funds see net inflows in Q1 as positive performance continues
(Hedgeweek) Equity and global macro funds were among the winners as hedge funds maintained their winning streak in Q2, making it seven consecutive quarters of positive returns, while the quarter also saw a return to net inflows for the first […]
Texas Teachers gains allies in push for hedge fund fee reform
(Hedgeweek) Institutional investors, led by the $202bn Texas Teacher Retirement System in Austin, are rallying support to push for the implementation of cash hurdles in hedge fund incentive fees, according to a report by Pensions & Investments. To read this […]
Hedge funds gear up for $2.6bn Ukraine debt restructuring
(Hedgeweek) A coalition of hedge funds invested in Ukraine, including Aurelius Capital Management and VR Capital Group is gearing up for debt-restructuring negotiations with the Ukrainian government to rework approximately $2.6bn in GDP warrants, according to a report by Bloomberg. […]
Stock futures rise after S&P 500, Nasdaq post worst day since 2022: Live updates
(CNBC) Stock futures rose Wednesday night after a sharp tech-driven sell-off dragged the Nasdaq Composite and the S&P 500 to their worst session since 2022. Futures tied to the Dow Jones Industrial Average added 108 points, or about 0.3%. S&P 500 futures rose 0.3%, […]
WorldQuant’s non-Millennium assets up to $10bn
(Hedgeweek) Igor Tulchinsky’s WorldQuant, which previously managed capital exclusively for multi-strategy major Millennium Management, is now managing $10bn in assets for other clients, according to a report by Bloomberg. To read this article:
Ford shares tumble 11% after massive earnings miss
(CNBC) Ford Motor came in short of Wall Street’s second-quarter earnings expectations while beating on revenue, due to warranty costs that have plagued the automaker for several years now. The automaker increased its full-year target for free cash flow but maintained […]
Nvidia supplier SK Hynix posts highest quarterly profit in 6 years on AI chip leadership
(CNBC) SK Hynix, one of the world’s largest memory chipmakers, on Thursday said second-quarter profit hit its highest level in 6 years as it maintains its leadership in advanced memory chips critical for artificial intelligence computing. Revenue from April to […]
Grayscale’s $9 billion head start in ethereum is at risk as big investors launch ETFs
(CNBC) For crypto firm Grayscale, it’s deja vu in the ETF market. On Tuesday, the first spot ether exchange-traded funds hit the U.S. The ETFs will invest directly in ether, the cryptocurrency used in the Ethereum network, allowing investors to buy the cryptocurrency the […]
Activist Trian builds significant stake in 3M spinoff Solventum
(Hedgeweek) News that activist investor Nelson Peltz’s Trian Fund Management has acquired a significant stake in Solventum, the healthcare spinoff from 3M, prompted a 3.4% surge in the company’s shares in after-hours trading according to reports. To read this article:
