Category Archives: Syndicated
Adobe and Figma call off $20 billion acquisition after regulatory scrutiny
CNBC) Adobe and Figma, the cloud-based design tool, will terminate their planned $20 billion merger in light of regulatory hurdles, the companies said Monday. In a statement, the two companies said, “there is no clear path to receive necessary regulatory […]
Nikola founder Trevor Milton sentenced to four years in prison for fraud
(CNBC) Nikola founder Trevor Milton was sentenced Monday to four years in prison in connection to defrauding investors of the embattled electric- and hydrogen-powered truck maker. Milton also was fined $1 million and could later be forced to forfeit property […]
AIMA joins legal action over SEC short-selling rules
(Hedgeweek) AIMA, a global representative body for the alternative investment industry, along with the National Association of Private Fund Managers (NAPFM) and Managed Funds Association (MFA), has filed a lawsuit challenging two new SEC rules. To read this article:
Elliott to appeal LME nickel trade court loss
(Hedgeweek) Hedge fund Elliott Associates has been granted permission to appeal its court defeat over the London Metal Exchange’s (LME) decision to suspend nickel trading and cancel billions of dollars of trades last year, according to a report by Bloomberg. […]
Activist fund Trian to nominate two candidates to Disney Board
(CNBC) Activist hedge fund Trian Partners plans to nominate two candidates to Walt Disney’s board of directors, intensifying a campaign against the media group that is expected to be one of the most contested proxy battles in years, according to […]
Stock futures are little changed after major averages rally for seven consecutive weeks: Live updates
(CNBC) U.S. stock futures traded near the flatline Sunday night after the three major averages notched their seventh straight week of gains. The Dow Jones Industrial Average recorded a new intraday record, and the Nasdaq 100 had a new closing […]
Digital assets funds see inflows of $43m
Hedgeweek) Digital asset investment products experienced their 11th straight week of inflows at $43m, with a notable increase in short position inflows due to recent price appreciation and perceived downside risks, according to the latest Digital Funds Flow weekly report […]
Citigroup employees, on edge over layoffs, told they can work remotely until the new year
(CNBC) Citigroup told most of its employees that they can work remotely the final two weeks of December, CNBC has learned. Workers can log in remotely from anywhere in their country of employment from Monday to Dec. 29, a Friday, […]
DocuSign shares spike on report company is exploring a sale
(CNBC) DocuSign shares rose as much as 15% and closed up 12 after the Wall Street Journal reported the e-signature software company tapped advisors about a possible sale. Talks are still preliminary, the Journal reported, citing people familiar with the […]
Investors redeem $38bn from hedge funds
(Hedgeweek) Investors redeemed $38bn from top performing hedge funds in the 12 months to end-October, having pulled out $14bn in the year earlier period, according to a report by Reuters. The report cites data from hedge fund specialist Aurum Research. […]
The techno-optimists and doomsdayers inside Silicon Valley’s most dangerous AI debate
(CNBC) Now more than a year after ChatGPT’s introduction, the biggest AI story of 2023 may have turned out to be less the technology itself than the drama in the OpenAI boardroom over its rapid advancement. During the ousting, and […]
Stock futures inch up Friday after Dow notches fresh record: Live updates
(CNBC) U.S. stock futures climbed on Friday after the Dow Jones Industrial Average notched a fresh record, heading for its best weekly winning streak since 2019. Dow Jones Industrial Average futures rose by 57 points, or 0.15%. S&P 500 futures […]