Category Archives: Syndicated
Adobe shares slide on weaker-than-expected forecast for 2024
(CNBC) Adobe shares dropped more than 6% in extended trading Wednesday after the software maker posted a lighter-than-expected forecast for 2024. Adobe called for fiscal 2024 earnings per share of $17.60 to $18 on $ $21.3 billion to $21.5 billion […]
Boaz Weinstein wins lawsuit against BlackRock
(Hedgeweek) Boaz Weinstein, the founder and chief investment officer ofSaba Capital Management, has won a lawsuit against asset manager BlackRock over the control of a group of closed-end funds, according to a report by Observer. To read this article:
Point72 bulks up macro trading teams
(Hedgeweek) Point72, the hedge fund led by billionaire Steve Cohen is expanding its macro trading team, according to a report by Bloomberg. According to the report, Cohen’s hedge fund is seeking to diversify its business, valued at $31bn. To read […]
Hedge fund exposure to financials at record low
(Hedgeweek) Hedge funds sold financial stocks for a 10th week running and have the lowest exposure to the sector since March 2020, when the COVID-19 crisis roiled markets, according to a report by Reuters. The report cites a Goldman Sachs […]
Here’s everything the Fed is expected to do Wednesday
(CNBC) What is likely to occur when the Fed session wraps up Wednesday is a policy turn away from aggressive rate hikes and toward plans for what happens next. The Fed will update its projections on economic growth, inflation and […]
Fed to start cutting rates midyear in 2024 with high chance of soft landing, CNBC Fed survey finds
(CNBC) Rate cuts, an increased chance of a soft landing and lower inflation — the outlook for next year is looking up in the CNBC Fed Survey, to a point. Respondents to the CNBC Fed Survey see the Federal Reserve […]
OpenAI’s nonprofit arm showed revenue of $45,000 last year, even though company is worth billions
(CNBC) OpenAI is valued by private investors at $86 billion, due in part to the popularity of ChatGPT. But if you’re looking for a revenue figure for the red-hot artificial intelligence startup, the latest official number you’ll find is the […]
Freestone Grove raises $3.5bn for anti-pod multimanager
(Hedgeweek) Freestone Grove Partners, a to- launch hedge fund run by Citadel alum Todd Barker, has raised $3.5bn, for what is being termed as an ‘anti-pod’ manager. Debuting in January ’24, the fund will invest across six sectors, according to […]
Private equity is best-performing investment sector in 2023
(Opalesque) Private Equity has been the top-performing investment sector so far in 2023, according to data from the Association of Investment Companies (AIC). Despite a ‘challenging year’ the sector produced a return of 43 percent in the 11 months to […]
Bitcoin slides 7% to under $41,000 in volatile trading following early December rally
(CNBC) Bitcoin fell Monday as investors took profits after its December rally. The price of the cryptocurrency was recently lower by more than 7% at $40,887.81, according to Coinbase, after a big drop Sunday night that at one point took […]
Stock futures are little changed ahead of key inflation report: Live updates
(CNBC) Stock futures were little changed on Monday evening as Wall Street looks to see if the market rally can power through another round of inflation data. Futures tied to the Dow Jones Industrial Average ticked up 6 points, or […]
Michael Milken says the Fed won’t move too early and risk massive inflation like the 1970s
(CNBC) Famed investor Michael Milken expects the Federal Reserve will move slowly on monetary policy — if history is any guide. In fact, the Milken Institute founder expects the central bank will be sure to tamp out inflation before starting […]