Category Archives: Syndicated
Endeavor stock surges as Silver Lake says it’s considering taking the company private
(CNBC) Endeavor Group Holdings, the talent agency and sports company run by Ari Emanuel, said Wednesday it would explore strategic alternatives, which could mean a possible sale or potentially going private again after two and a half years on public […]
Jamie Dimon rips central banks for being ‘100% dead wrong’ on economic forecasts
(CNBC) JPMorgan Chase CEO Jamie Dimon on Tuesday warned about the dangers of locking in an outlook about the economy, particularly considering the poor recent track record of central banks like the Federal Reserve. In the latest of multiple warnings […]
Hedge fund capital crosses $4tn at beginning of Q4
(Hedgeweek)Hedge fund capital surpassed the $4 trillion milestone to begin the fourth quarter, according to data by HFR, a global insights provider in the alternative investment industry, specializing in the indexation and analysis of hedge funds. To read this article:
Gold market sees second-biggest ever short covering rally on record
(Hedgeweek) Short positions in the gold market are falling, as money managers are increasing their speculative gross long positions in Comex gold futures, leading to the second-biggest ever short covering rally on record, according to a report by Kitco, citing […]
S&P 500 futures are little changed after Microsoft and Alphabet report
(CNBC) S&P 500 futures were little changed Tuesday night as investors digested quarterly results from tech giants Microsoft and Alphabet. Futures tied to the S&P 500 lost 0.06%. Nasdaq 100 futures fell 0.2%.Meanwhile, Dow Jones Industrial Average futures gained 74 […]
Microsoft ticks up on faster cloud growth and hopeful revenue forecast
(CNBC) Microsoft shares jumped as much as 6% in extended trading Tuesday after the software maker issued fiscal first-quarter results and quarterly revenue guidance that beat Wall Street estimates. The firm also reported a surge in profit due to a […]
Alphabet shares drop as cloud miss overshadows better-than-expected overall results
(CNBC) Alphabet reported 11% revenue growth in the third quarter, as a rebound in advertising pushed expansion into double digits for the first time in over a year. The shares dropped almost 7% in extended trading as the cloud business […]
Bill Ackman covers bet against Treasurys, says ‘too much risk in the world’ to bet against bonds
(CNBC) Pershing Square’s Bill Ackman revealed Monday he covered his bet against long-term Treasurys, believing that investors may increasingly buy bonds as a safe haven because of growing geopolitical risks, the latest of which being the Israel-Hamas war. “There is […]
Wall Street hikes forecasts for anti-obesity drug sales to $100 billion and beyond. A look at the numbers
(CNBC) Most analysts predict the market for new weight loss drugs such as Wegovy and Mounjaro will be enormous, but estimates vary for its exact size depending on who you ask. On Monday, Citi raised its estimate for incretin drug […]
Stock futures inch higher as investors await tech earnings:
(CNBC) Stock futures rose slightly Monday night as investors focused on the upcoming slate of earnings reports from major tech companies. Futures tied to the Dow Jones Industrial Average added 50 points, or 0.1%. S&P 500 futures and Nasdaq 100 […]
Okta cybersecurity breach wipes out more than $2 billion in market cap
(CNBC) Okta has shed more than $2 billion from its market valuation since the company disclosed a hack of its support systems Friday. The high-profile incident is the latest in a string of incidents that have been tied to Okta […]
Intel stock drops on report Nvidia is working on an Arm-based PC chip
(CNBC) Intel stock dropped 3% Monday after Reuters reported that Nvidia and AMD were working on Arm-based PC chips. Arm stock rose nearly 5%, and Nvidia gained nearly 4% during late-day trading Monday. Intel currently has the majority of the […]