Category Archives: Syndicated

Stock futures inch higher as Wall Street comes off a losing week: Live updates

(CNBC) Stock futures rose modestly Sunday night as investors readied for a week with more corporate earnings and key inflation readings. Futures tied to the Dow Jones Industrial Average added 35 points, or 0.1%. S&P 500 futures and Nasdaq 100 […]

Tiger Global takes big stake in Apollo

(Hedgeweek) Tiger Global, the hedge fund firm founded by Chase Coleman in 2001, has built a big stake in private equity group Apollo Global as the firm pivots from the technology investments that have traditionally been its stock-in-trade, according to a […]

Outflows from Odey AM funds surpass $500m

(Hedgeweek) A total of $600m has now been withdrawn from Odey Asset Management’s funds in the wake of multiple allegations of sexual assault and misconduct levelled against the firm’s founder Crispin Odey, according to a report by MorningStar. To read […]

Hedge funds ditch metals traders as markets drift

(Hedgeweek) A number of big-name hedge fund firms, including Balyasny Asset Management and Millennium Management, have parted company with metals traders after the price volatility that drew new money into the sector over the past two years dissipated leaving markets […]

Neave lowers risk profile of Odey’s flagship fund

(Hedgeweek) The risk profile of Crispin Odey’s flagship hedge fund has been lowered by Freddie Neave after he took over its management in June following allegations of sexual misconduct against the Odey Asset Management (OAM) founder, according to a report […]

Nasdaq 100 futures rise slightly as investors weigh Big Tech earnings, await key jobs data: Live updates

(CNBC) Nasdaq 100 futures ticked higher Thursday night as Wall Street parsed the latest earnings from big-name technology companies in the runup to a major employment report due Friday morning. Futures linked to the tech-heavy index rose about 0.2%, as […]

Amazon reports blowout profit, beats on sales and issues optimistic guidance

(CNBC) Amazon reported second-quarter earnings on Thursday that sailed past analysts’ estimates and issued guidance that points to accelerating revenue growth. The stock rose more than 10% in extended trading. EPS: 65 cents vs. 35 cents expected, according to analysts […]

Apple beats soft expectations driven by 8% services growth: Live updates

(CNBC) Apple reported fiscal third-quarter results that beat Wall Street expectations for both earnings and sales, driven by stronger services sales that grew 8% on an annual basis.   Overall sales still fell 1% year over year, however, and revenue […]

Activist Third Point reduces single-name short positions

(Hedgeweek) A “much more challenging” short-selling environment has prompted activist hedge funds Third Point to cut back on the number of single-name short positions it holds in its portfolio, according to a report by Seeking Alpha. To read this article:

Qualcomm sales and forecast come up light as smartphone chip sales fall 25%

(CNBC) Qualcomm reported third-quarter earnings on Wednesday that beat Wall Street expectations, but revenue and guidance for the fourth quarter came up short. Qualcomm stock fell over 6% in extended trading. To read this article:

JPMorgan CEO Jamie Dimon calls Fitch Ratings U.S. downgrade ‘ridiculous’ but says it ‘doesn’t really matter’

(CNBC) The Fitch Ratings downgrade of the United States’ long-term credit rating ultimately doesn’t matter, JPMorgan Chase CEO Jamie Dimon told CNBC on Wednesday. “It doesn’t really matter that much” because it’s the market, not rating agencies, that determines borrowing […]

Elon Musk tweets and Twitter bots drove up price of FTX-listed altcoins, research finds

(CNBC) Rampant bots on Twitter helped to pump up the price of cryptocurrency, including coins traded by insiders at FTX hedge fund Alameda Research before its collapse, according to a new study from the Network Contagion Research Institute published Wednesday. […]