Category Archives: Syndicated
Berkshire Hathaway settles suit with Haslam family over truck-stop company
(CNBC) Berkshire Hathaway has settled a billion-dollar lawsuit with the Haslam family over how Berkshire accounted for the value of Pilot Travel Centers, the two parties said Sunday night. The settlement avoided a trial scheduled to begin Monday in Delaware […]
Hilbert fund racks up 93% gain in 2023
(Hedgeweek) Hilbert Capital, a quantitative investment company specialising in algorithmic trading strategies in digital asset markets, recorded a 92.7% gain with its long-only, non-levered Hilbert V100 Fund in 2023. To read this article:
Apple shares slip on report U.S. government preparing antitrust lawsuit
(CNBC) Apple shares slid less than 1% on Friday after The New York Times reported that the U.S. Department of Justice is preparing an antitrust lawsuit against the iPhone maker, which could be filed as soon as this year. The […]
Pershing Square chalks up 26.7% return in 2023
(Hedgeweek) Pershing Square Capital Management, the hedge fund firm founded by Bill Ackman, bounced back from its loss-making 2022, with a return of 26.7% last year, beating the broader stock market, according to a report by Reuters. To read this […]
Citadel gains 15.3% in 2023, ahead of Millennium’s 10% return
(Hedgeweek) Ken Griffin’s Citadel outperformed several big name multi-strategy rivals, including Millennium Management and Eisler Capital, in a challenging 2023, chalking up a 15.3% return for its main Wellington hedge fund, according to a report by Reuters. To read this […]
Stock futures little changed ahead of jobs report with Wall Street’s nine-week winning streak in jeopardy:
(CNBC) Stock futures were mixed on Thursday evening ahead of a key jobs report with Wall Street trying to shake off a sluggish start in January. Futures tied to the Dow Jones Industrial Average ticked up 21 points, or about […]
Friday’s jobs report will be a big signal for a market looking for good news
(CNBC) When the December jobs report is released Friday morning, markets will be looking for a number that hits a sweet spot between not so robust as to trigger more interest rate hikes and not so slow as to raise […]
2023 digital assets inflows 2.7x greater than 2022
(Hedgeweek) Digital asset investment products saw $2.25bn of inflows for the full year in 2023, marking it as the third best year based on data back to 2017, according to the latest Digital Asset Weekly Fid Flows report from CoinShares. […]
Bitcoin rises as its volatile year continues ahead of an expected ETF approval
(CNBC) Bitcoin rose on Thursday, recovering some of its losses from the previous day, when the cryptocurrency sold off on concerns about the potential of a bitcoin exchange-traded fund approval that many expect as soon as next week. The flagship […]
Musk once laughed off BYD as a threat. Now the Chinese giant has taken Tesla’s EV crown
(CNBC) Elon Musk dismissed BYD in 2011 by laughing at their products during a Bloomberg interview. “Have you seen their car?” Musk quipped. “I don’t think it’s particularly attractive, the technology is not very strong. And BYD as a company […]
Alibaba once a Wall Street darling has plunged 75% over three years
(CNBC) It’s been a tumultuous 12 months for Alibaba, casting doubt on the future of the tech giant just as artificial intelligence is taking off. The company’s cloud computing unit was poised to capture AI’s growth for investors in a […]
Xerox to cut 15% of its workforce
(CNBC) Xerox on Wednesday announced it will cut 15% of its workforce as part of a plan to implement a new organizational structure and operating model. Xerox, which offers digital printing and document management technologies, had about 20,500 employees as […]