(CNBC) The Biden administration plans to announce it is awarding more than $6 billion to South Korea’s Samsung next week to expand its chip output in Taylor, Texas, as it seeks to ramp up chipmaking in the U.S., two people familiar with the matter said. The subsidy, which will be will go […]

(CNBC) In his annual letter to shareholders released Monday, Jamie Dimon chose AI as the first topic in his update of issues facing the biggest U.S. bank by assets — ahead of geopolitical risks, recent acquisitions and regulatory matters. “While […]

(CNBC) Spirit Airlines will defer deliveries of new Airbus planes and that it plans to furlough about 260 pilots as it tries to boost liquidity. “Of course, these steps aren’t ones we want to take but they’re necessary to ensure […]

(Hedgeweek) The Swiss franc is beginning to attract long interest from hedge funds after weeks of wagers against the currency, according to a report by Bloomberg citing the latest data from the Commodity Futures Trading Commission. To read this article:

(CNBC) Stock futures rose slightly in overnight trading Sunday after the market suffered a down week as 2024?s rally took a breather. Futures on the Dow Jones Industrial Average climbed 55 points. S&P 500 futures and Nasdaq 100 futures both […]

(Opalesque) Hedge funds extended the 1Q surge through March, led by Macro strategies, which posted its best month since March 2022 and its strongest quarter in over 20 years. Industry-wide gains were driven by trend-following CTAs, Energy, Multi-Strategy, Healthcare, and […]

(CNBC) The CEO of blockchain startup Ripple sees the combined market capitalization of the cryptocurrency market topping $5 trillion this year. Ripple’s Brad Garlinghouse says he expects the entire value of the crypto market to double, citing macro factors including […]

(CNBC) Hedge fund and commodity trading advisors have ramped up their bearish bets on bitcoin futures to record levels, according to a report citing the latest data from the Commodity Futures Trading Commission (CFTC). To read this article:

(Hedgeweek) Stock-picking hedge funds are finding favour with investors again for the first time in two years with equity long-short hedge funds, seeing $1.5bn in net inflows in February — the first positive inflows in 24 months — according to […]

(CNBC) Every tech company is talking up its AI opportunity. Oracle is no exception. But during an earnings call in March, Oracle’s Larry Ellison laid out a future market opportunity focused on a major customer that investors may think about […]

(CNBC) Futures tied to the Dow Jones Industrial Average sat near flat Thursday night following the index’s worst session in over a year. Investors also awaited key labor data due Friday morning. Dow futures slipped 21 points, or 0.05%. S&P […]

(CNBC)Apple is laying off 614 workers in California, according to a new state filing, the company’s first significant round of job cuts since the pandemic. The affected Apple employees worked at eight different facilities in Santa Clara, according to the […]