(CNBC) Trump Media is “a scam,” and people buying its high-flying stock are “dopes,” IAC and Expedia Chairman Barry Diller said Thursday in a scathing takedown of the social media company whose majority shareholder is former President Donald Trump. “I […]

(CNBC) Bob Iger can show progress in a number of areas over the next 12 months. That starts with turning his streaming services into a profitable unit, explaining ESPN’s digital strategy, scoring some box-office hits and picking a successor with […]

(CNBC) Samsung Electronics on Friday said it expects to post a 931% increase in first quarter operating profit, as chip prices rebound. Operating profit in the January-March quarter likely rose to 6.6 trillion Korean won ($4.89 billion), up 931% from […]

(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 […]

Hedgeweek) A rally in stocks, some commodities and the US dollar helped hedge funds ride out a bumpy period for bonds, with gains seen across different strategies in the first three months of the year, according to a report by […]

(CNBC) U.S. stock futures inched higher Wednesday night after the Dow Jones Industrial Average registered its third straight losing session.  Futures tied to the 30-stock Dow rose 41 points, or 0.1%. S&P 500 futures gained 0.2%, while Nasdaq 100 futures […]

(CNBC) “We’ve identified a few targeted areas of the organization we need to streamline in order to continue focusing our efforts on the key strategic areas that we believe will deliver maximum impact,” an Amazon Web Services spokesperson said in […]

(CNBC) You need a lot of cash — and guts — to short Trump Media stock right now. Trump Media, which began being publicly traded last week, is now far and away the most expensive U.S. stock to sell short, […]

(CNBC) Goldman Sachs   should separate the CEO and Chairman roles currently held by David Solomon, top proxy adviser Institutional Shareholder Services (ISS) recommended on Wednesday. “Shareholders would benefit from more independent oversight,” ISS wrote in a report sent by a representative, ahead of the bank’s annual […]

(CNBC) You can count billionaire investor Steve Cohen among those who believes artificial intelligence is already making an impact on the business world. The Point72 founder says his financial firm has found ways for even the early AI models to […]

(CNBC) Speaking specifically about stronger-than-expected price pressures to start the year, the central bank leader said he and his fellow officials are in no rush to ease monetary policy. “On inflation, it is too soon to say whether the recent […]

(CNBC) U.S. stock futures were little changed Wednesday morning after the Dow Jones Industrial Average fell for a second day in a rough start to the quarter. Dow futures fell by 56 points, or 0.14%. S&P 500 futures were lower […]