(CNBC) Intel says its foundry business recorded an operating loss of $7 billion in 2023 on sales of $18.9 billion. That’s a wider loss than the $5.2 billion Intel reported in its foundry business in 2022 on $27.5 billion in […]

(Hedgeweek) Disney’s board has secured the backing of T Rowe Price – and the votes attached to the mutual fund’s firm’s 11.7 million shareholding in the entertainment giant – in its battle with Nelson Peltz’s activist hedge fund firm Trian […]

(CNBC) Endeavor’s stock rose more than 2% Tuesday afternoon after a brief halt ahead of the announcement. It was trading just under $26 per share. Silver Lake will acquire 100% of the shares it does not already own. Endeavor is […]

(CNBC) Tesla shares fell on Tuesday after the company reported a drop in vehicle deliveries in the first quarter, the first annual decline since 2020, when the global pandemic disrupted production. Here are the key numbers: Total deliveries Q1 2024: […]

(Hedgeweek) Successful activist bets have helped Third Point, the New York-based hedge fund firm founded by Daniel Loeb, to record an 8% return for its main offshore fund and a 8.7% gain for its Ultra strategy so far this year, […]

(Hedgeweek)Gregory Ciongoli, a partner in the public investment group at The Baupost Group, has left the $23bn value-oriented, multi-strategy hedge fund firm, which is headed by Chef Executive Officer and Portfolio Manager Seth Klarman, according to a report by Pensions […]

(CNBC) Stock futures slipped Tuesday morning after the S&P 500 and the Dow Jones Industrial Average kicked off April with declines. S&P 500 futures ticked lower by 0.15%, and Nasdaq 100 futures dipped 0.16%. Futures tied to the 30-stock Dow […]

(CNBC) Rubrik, a nine-year-old data security software vendor, filed to go public on Monday, the latest venture-backed company to move toward the public market after an extended lull dating back to late 2021. To read this article:

(CNBC) Microsoft will sell its chat and video app Teams separately from its Office product globally, the U.S. tech giant said on Monday, six months after it unbundled the two products in Europe in a bid to avert a possible […]

(Opalesque) Institutional investors are expecting a generally good year for investment performance despite economic uncertainty and somewhat uneven asset class performance, according to Commonfund’s annual investor survey. The survey includes responses of over 300 investors representing over $890 billion in […]

(Opalesque) Hunter Point Capital has raised $3.3 billion for its first ever fund which will focus on making investments in money managers. The fund was oversubscribed and beat its $2.5 billion target. HPC Fund I is the largest-ever debut GP […]

(Opalesque) The US hedge fund market size is estimated to grow by USD 662.74 bn from 2024-2028, said a study.According to Technavio, the market is estimated to grow at a CAGR of 7.9% during the forecast period. To read this […]