(Heedgeweek) Trend-following hedge funds went into the final month of the year in bullish mood, adding US, European and Japanese stocks to their holdings, according to a report by Reuters citing a prime brokerage note from JP Morgan. To read […]

(Opalesque) Global asset manager Macquarie Asset Management has published its Outlook 2024, which says that global growth will be more challenged as high interest rates and tighter credit conditions increasingly slow economic activity. To read this article:

(Hedgeweek) Hedge funds upped bearish bets on the yen last week to the highest level seen since April 2022 on the back of growing speculation that the currency’s recent rebound will be short-lived, according to a report by Bloomberg. To […]

(Hedgeweek) Blackwells Capital, the activist hedge fund firm founded by Jason Aintabi, is gearing up to challenge for a change in boardroom personnel at US fast-food dining chain Wendy’s Co, according to a report by Reuters. To read this article:

(CNBC) Google is launching what it considers its largest and most capable artificial intelligence model Wednesday as pressure mounts on the company to answer how it’ll monetize AI. The large language model Gemini will include a suite of three different […]

(CNBC) Wall Street CEOs on Wednesday pushed back against proposed regulations aimed at raising the levels of capital they’ll need to hold against future risks. In prepared remarks and responses to lawmakers’ questions during an annual Senate oversight hearing, the […]

(CNBC) JPMorgan Chase CEO Jamie Dimon lashed out at bitcoin and its peers, suggesting in remarks Wednesday on Capitol Hill that cryptocurrencies should be banned. “I’ve always been deeply opposed to crypto, bitcoin, etc.,” the head of the largest U.S. […]

(CNBC) AbbVie on Wednesday said it will acquire neuroscience drugmaker Cerevel Therapeutics for roughly $8.7 billion.  Under the terms of the deal, AbbVie will pay $45 per share for Cerevel. AbbVie said it expects to complete the acquisition in the […]

(CNBC) Meta, OpenAI, and Microsoft said at an AMD investor event Wednesday they will use AMD’s newest AI chip, the Instinct MI300X. It’s the biggest sign so far that technology companies are searching for alternatives to the expensive Nvidia graphics […]

(CNBC) JP Morgan Chase & Co’s Alejandro Arango has become the latest sell-side trader to jump ship to a hedge fund, joining multi-strategy major Millennium Management as a Portfolio Manager, according to a report by Bloomberg. To read this article:

(CNBC) U.S. stock futures climbed Tuesday night after the S&P 500 and the Dow Jones Industrial Average slid for a second day. Futures tied to the 30-stock Dow rose 50 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures […]

(CNBC) Apple’s market cap closed at about $3 trillion for the first time since August after its shares climbed 2% to $193.42 per share on Tuesday. Apple’s value officially crossed the $3 trillion mark for the first time in June, […]