(CNBC) Microsoft is now the most valuable publicly traded company, surpassing Apple after briefly topping the iPhone maker during intraday trading last week. Shares of Microsoft climbed more than 3% for the week, bringing the company’s market cap to $2.89 […]

(CNBC) Tesla and SpaceX CEO Elon Musk, who also owns the social network X (formerly known as Twitter), said Monday that he wants about 25% of voting control over his electric vehicle business. Musk already owns around 13% of Tesla, […]

(CNBC) For the last few years at the World Economic Forum cryptocurrency firms dominated the main strip in Davos, promoting their wares. But in 2024, artificial intelligence has taken over. Some of the world’s biggest companies are pushing their AI […]

(Hedgeweek) Hong Kong-based hedge fund Torq Capital is shutting up shop after more than seven years of trading with founder and Chief Investment Officer Avinash Abraham set to re-join Citadel as a Portfolio Manager, 15 years after leaving the firm, […]

(Hedgeweek) Sean Gambino, who closed his own Heron Bay Capital hedge fund firm in 2022 to join Eisler Capital, is leaving the multi-strategy investment firm to set up on his own again, according to a report by Bloomberg. To read […]

(CNBC) Stock futures are near flat Thursday night as investors looked ahead to the second in a pair of closely watched inflation reports this week. Futures tied to the Dow Jones Industrial Average lost 12 points, or 0.03%. S&P 500 […]

(CNBC) The cryptocurrency was last up 1% at $46,289.15, according to Coin Metrics. Earlier, it punched above $49,000, reaching levels not seen since December 2021. Meanwhile, the price of ether jumped 5% to May 2022 highs. It last traded at […]

(CNBC) A bitcoin ETF opens up the audience of people and institutions that can buy and sell bitcoin to those with little experience trading cryptocurrency. “This ETF has two main impacts: increased distribution in the US (a moderate impact, as […]

(CNBC) Shares of Alphabet, which owns Google, closed down less than 1% on Thursday. The announcement marks the latest cost-cutting effort at Google as it works to rein in the dramatic headcount growth it pursued during the pandemic. Last January, […]

(Hedgeweek) The BlackRock Strategic Equity Hedge Fund, which is managed by star manager Alister Hibbert, was back in positive territory last year with a double-digit gain, having suffered its worst ever annual loss in the previous year, according to a […]

(Hedgeweek) Eleven, a fintech providing solutions for hedge and private equity funds, has launched Eleven OS 7, which the company says brings “the new level of simplicity, centralisation, data transparency and data integrity to the global private investment process”. To […]

(CNBC) Discord will lay off 17% of the company’s workforce, which equates to 170 employees, a spokesperson confirmed Thursday. The company, which provides a popular messaging service used by gamers, previously eliminated about 40 jobs in August and joins a […]