(Hedgeweek)Activist hedge fund firm JANA Partners, which in the past has engaged in campaigns to force change at companies including Whole Foods and Frontier Communications, recorded a 31% gain for 2023, according to a report by Reuters. To read this […]

(Hedgeweek) Activist investment firms bounced back to notch an average 20.2% return in 2023 following a previous year of losses, with ValueAct Capital (39%), Caligan Partners (37%), and Legion Partners Asset Management (35%), leading the way, according to a report […]

(CNBC) OpenAI founder and CEO Sam Altman said the night he was pushed out by the board was “wild,” and he felt “super confused” and was “super caught off guard.” But this is the structure, and “I immediately just went […]

(CNBC) AMD shares rose more than 8% Tuesday to their highest closing price since reaching a record in November 2021, on optimism that the company’s artificial intelligence chips will be in higher demand from companies such as Microsoft, Google and […]

(CNBC) The acquisition is one of the largest tech deals announced in recent years. Synopsys, a Semiconductor design and software firm will pay roughly $390 per share: $197 per share in cash and roughly one-third of a Synopsys share for […]

(CNBC) Goldman said earnings for the quarter jumped 51% to $2.01 billion, or $5.48 per share, from a year ago, when the bank was weighed down by loan loss provisions and surging expenses. Companywide revenue rose 7% to $11.32 billion […]

(CNBC) The sale, whose terms were not disclosed, was announced more than a week after the Haslams and Berkshire Hathaway settled a billion-dollar lawsuit over an accounting method that the family complained would artificially depress the sale price of its […]

(CNBC) The crisis in the Red Sea poses serious risks to oil flows and prices could change quickly if tensions lead to a major supply disruption in the Middle East, according to Chevron CEO Michael Wirth. The Chevron CEO said […]

(CNBC) The number of companies that failed to make required payments on their debt totaled 153 for 2023, up from 85 the year before, an increase of 80%. It was the highest default rate outside of the Covid-related spike in […]

(CNBC) Ripple explored markets outside the U.S. for its initial public offering, CEO Brad Garlinghouse told CNBC, blaming a “hostile” regulator. However, the firm has put any plans for an IPO on hold for now, Garlinghouse said. To read this […]

(CNBC) Stock futures are lower Monday night as Wall Street awaits further data and bank earnings that will provide a better glimpse into the state of the American consumer. Futures tied to the Dow Jones Industrial Average lost 50 points, […]

(CNBC)For the $30 trillion advised wealth management industry, the floodgates could be about to open. Analysts at Standard Chartered anticipate fund inflows in the range of $50 billion to $100 billion in 2024. “Bitcoin is beginning to become a benchmark […]