Category Archives: Syndicated
Stock futures are little changed as Wall Street narrows focus on major inflation report: Live updates
(CNBC) U.S. stock futures were close to flat Tuesday night as investors looked toward the first potentially pivotal inflation report slated for release this week. Futures tied to the Dow Jones Industrial Average lost 37 points, or 0.1%. S&P 500 […]
Buy Buy Baby stores set to shutter as Go Global’s deal to save chain falls apart at eleventh hour
(CNBC) Buy Buy Baby’s stores are set to disappear after a last ditch effort to save the chain and keep the business alive fell apart, CNBC has learned. Brand management firm Go Global Retail, which owns children’s apparel company Janie […]
Tech, AI and growth gains drive June hedge fund surge
(Hedgeweek) Hedge funds surged in June with technology, AI and growth leading gains complemented by shareholder activist and multi-strategy sub-strategies driving a 2.35% gain in the HFRI 500 Fund Weighted Composite Index as banking volatility subsided. To read this article:
Digital asset fund inflows continue for third consecutive week
(Hedgeweek) Digital asset investment products saw $136m of inflows last week bringing the last three consecutive weeks inflows to $470m, fully reversing the prior nine weeks of outflows, according to the latest Digital Assets Fund Flows report from CoinShares. To […]
The American banking landscape is on the cusp of a seismic shift. Expect more pain to come
(CNBC) The whirlwind weekend in late April that saw the country’s biggest bank take over its most troubled regional lender marked the end of one wave of problems — and the start of another. After emerging with the winning bid […]
Stock futures are little changed as traders look ahead to key inflation data: Live updates
(CNBC) U.S. stock futures were little changed early Tuesday after the major averages snapped a three-day decline. S&P 500 futures were little changed. Nasdaq-100 futures nudged higher by 0.07%, while Dow Jones Industrial Average futures ticked up by 0.03%. Investors […]
Hedge funds go net short US dollar for first time since March
(Hedgeweek) Hedge funds are betting that the US Federal Reserve is nearing the end of its current programme of interest rate hikes and have swung to an overall bearish dollar position for the first time since March, according to a […]
Microsoft confirms more job cuts on top of 10,000 layoffs announced in January
(CNBC) Microsoft confirmed Monday that it’s eliminating additional jobs, a week after the start of its 2024 fiscal year. The cuts are in addition to the downsizing announced in January that resulted in 10,000 layoffs. The software maker also disclosed […]
Twitter traffic is ‘tanking’ as Meta’s Threads hits 100 million users
(CNBC) User traffic on Twitter has slowed since the launch of Metas text-based platform Threads, which has already surpassed 100 million sign-ups since its debut last week. Threads launched in the U.S. on Wednesday and is being touted by Meta […]
Haidar Jupiter fund up 27% in June after months of losses
(Hedgeweek) Said Haidar’s flagship Jupiter hedge fund was back in the black last month after notching an estimated 27.3% gain, gong at least some way to reversing some of the heavy losses seen in recent months, according to a report […]
Stock futures climb ahead of a key inflation data week for Wall Street and the kickoff of second-quarter earnings season
(CNBC) Stock futures ticked up on Sunday evening as investors prepare for a slate of inflation data on Wednesday and Thursday and brace for the start of the second-quarter earnings season. Futures tied to the Dow Jones Industrial Average added […]
Meta’s Twitter rival Threads explodes to 70 million signups one day after launch
(CNBC) Meta’s new Twitter competitor Threads has exploded in growth in its first full day since its public debut Wednesday night, fueled by Instagram’s already massive userbase. The text-based social media platform already has 70 million sign-ups. To read this […]