Category Archives: Syndicated
Fed Chair Powell to deliver key speech Thursday. Here’s what to expect
(CNBC) The top monetary policymaker will speak at noon ET to the Economic Club of New York at a critical time for the U.S. economy. Inflation numbers have been improving lately, but Treasury yields have been surging, sending conflicting messages […]
Netflix stock surges as profit beats expectations, ad-tier subscriptions rise
(CNBC) The streaming giant added 8.76 million global subscribers during the quarter, higher than 5.49 million Wall Street had expected, according to estimates from Street Account. It’s the biggest quarterly net add total for the company since it added 10.1 […]
Tesla CEO Elon Musk sounds pessimistic note about economy on earnings call
(CNBC) Tesla reported third-quarter results after the bell on Wednesday. Shares rose as much as 2.4% in after-hours trading after the report crossed, but then sank more than 4% after CEO Elon Musk cautioned that the Cybertruck would not deliver […]
Investors pull assets from crypto hedge funds even as funds outperform
(Opalesque) Fund flow data from Crypto Fund Research reveals that investors withdrew more than $160 million in assets from crypto hedge funds in the third quarter, despite funds outperforming Bitcoin by almost 6%. Investors pulled $14 million from crypto hedge […]
Och sues over Sculptor-Rithm deal
(Hedeweek) A group former Sculptor Capital Management executives led by founder Dan Och has sued the hedge fund and its proposed acquirer Rithm Capital Corp, saying that the $676m is aimed at protecting current CEO Jimmy Levin rather than maximising […]
Starboard wants News Corp to consider break-up
(Hedgeweek) Activist hedge fund Starboard Value has begun agitating for change at News Corp, including a $7bn (£5.7bn) sell-off of the company’s online property business, having built a stake in Rupert Murdoch’s media empire, according to a report by The […]
Activist Elliot wants court audit of Deutsche Wohnen over Vonoia loan
(Hedgeweek) Activist hedge fund Elliott Investment Management wants a Berlin court to order a special audit into a large loan provided by German landlord Deutsche Wohnen SE to its controlling shareholder Vonovia SE last year, according to a report by […]
JAT wants change at Overstock.com
(Hedgeweek) Hedge fund JAT Capital has warned Overstock.com that it may seek seats on the company’s board if it doesn’t consider selling certain assets and overhauling its management and compensation, according to a report by Reuters. To read this article:
Activist Trian builds Allstate stake
(Hedgeweek) Trian Fund Management, the activist hedge fund firm run by Nelson Peltz, has built a holding in Allstate Corp, one of the insurers impacted by the fallout of natural disasters including the Maui wildfire in Hawaii, according to a […]
Digital assets funds see third week of inflows
(Hedgeweek)Digital asset investment products saw inflows for the third consecutive week last week totaling $15m, although trading volumes remain 27% below the 2023 average, according to the latest Digital Asset Fund Flows Weekly report from CoinShares. To read this article:
Goldman Sachs tops estimates on stronger-than-expected bond trading
(CNBC) Goldman Sachs posted third-quarter profit and revenue Tuesday that exceeded analysts’ estimates on stronger-than-expected trading revenue. Shares of the bank fell more than 1%, and are down about 10% for the year. To read this article:
Stock futures inch lower on Tuesday evening as earnings season picks up steam:
(CNBC) Stock futures inched lower as earnings season gained steam and Wall Street looked ahead to more key financial reports on Wednesday. Futures connected to the Dow Jones Industrial Average dipped 0.1%, or 37 points. S&P 500 futures and Nasdaq-100 […]