Category Archives: Syndicated
Fed Governor Waller says he is ‘leaning toward’ a December rate cut, but worries about inflation
(CNBC) Federal Reserve Governor Christopher Waller said Monday he is anticipating an interest rate cut in December but is concerned about recent trends on inflation that could change his mind. “Based on the economic data in hand today and forecasts […]
China’s AI balancing act — beating the U.S. but keeping the tech from threatening Beijing’s rule
(CNBC) China’s race to develop smarter-than-human artificial intelligence may put it ahead of the U.S., but such ground-breaking technology could also risk lessening the stronghold that the ruling Communist Party has over the world’s second-largest economy. To read this article:
Intel CEO Pat Gelsinger ousted by board after disastrous performance
(CNBC) The company announced Gelsinger’s resignation Monday morning after a contentious board meeting last week over Gelsinger’s perceived failure to respond to Nvidia’s competitive edge and a lack of confidence in Gelsinger’s turnaround plans. Intel CFO David Zinsner and Intel […]
Stock futures are little changed after Dow and S&P 500 notch best months of the year: Live updates
(CNBC) Stock futures are little changed Sunday night as investors looked toward the final month of trading this year. Futures tied to the Dow Jones Industrial Average slipped 47 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures ticked down 0.1% and 0.2%, respectively. […]
Stellantis CEO Carlos Tavares resigns amid problems in U.S., falling sales
(CNBC) Stellantis CEO Carlos Tavares has unexpectedly resigned from the automaker amid increasingly “different views” between the executive and the board of directors, the company said Sunday. The world’s fourth-largest carmaker said its board accepted Tavares’ resignation on Sunday. His departure […]
Bitcoin heads for nearly 40% November gain as it edges closer to $100,000
(CNBC) The price of bitcoin is tracking for one of its best months of the year after former President Donald Trump’s election victory catapulted the flagship cryptocurrency to new records consistently throughout the month. Bitcoin is on pace to post […]
Elon Musk asks court to block OpenAI from converting to a for-profit
(CNBC) The latest court filings represent an escalation in the legal feud between Musk, OpenAI and its CEO Sam Altman, as well as other long-involved parties and backers including tech investor Reid Hoffman and Microsoft. To read this article:
Two Sigma veterans launch $25m crypto fund
(Hedgeweek) Metalayer, a firm founded by veterans of Two Sigma Ventures – the VC arm of quantitative hedge fund firm Two Sigma, has filed with the Securities and Exchange Commission (SEC) to launch a $25m cryptocurrency investment fund, according to […]
Demand for quantitative fixed income traders to dominate hiring in 2025
(Hedgeweek) With demand for quantitative fixed income traders surging as banks, hedge funds, and market makers vye for recruits from a limited pool of talent, systematic fixed income specialists will be some of the most sought-after in finance, according to […]
Ex-hedge fund manager joins NYC mayoral race
(Hedgeweek) Whitney Tilson, a former hedge fund manager and philanthropist, has announced his candidacy for New York City mayor, joining a competitive Democratic field vying to replace Eric Adams in 2025, according to a report by Bloomberg. To read this […]
OpenAI gets new $1.5 billion investment from SoftBank, allowing employees to sell shares in a tender offer
(CNBC) OpenAI is allowing employees to sell roughly $1.5 billion worth of shares in a new tender offer to SoftBank. The new financing will allow the Japanese tech conglomerate to get an even larger slice of the AI startup, and […]
Stock futures flat after Dow closes at another record: Live updates
(CNBC) Stock futures traded flat early Tuesday, after the Dow Jones Industrial Average closed at a new record. Futures tied to the Dow were up 4 points, or 0.01%. S&P 500 futures traded around the flatline, and Nasdaq 100 futures inched up 0.05%. To read this article:
