(CNBC) Microsoft’s finance chief advised employees not to “build a gold toilet” during a 2018 meeting, according to emails that came up during federal court hearings last month over the software maker’s planned Activision Blizzard acquisition. To read this article:

(Hedgeweek) Verition Fund Management has become the latest hedge fund to announce plans to open an office in Dubai, following a host of other managers who have expanded to the UAE’s financial hub, including BlueCrest, Millennium Management and ExodusPoint Capital […]

(Hedgeweek) New York-headquartered hedge fund Millennium Management is planning to expand its operation in India by launching a recruitment drive to fill more than 20 vacancies at its office in Bengaluru, according to a report by The Financial News. To […]

(CNBC) Samsung Electronics said it expects a 96% profit plunge in the second quarter of 2023 as weak demand for memory chips persists. The world’s largest dynamic random-access chip maker estimates operating profit in the quarter from April to June […]

(Hedgeweek) Citadel’s flagship Wellington multi-strategy fund outperformed the broader hedge fund industry in the first six months of this year, racking up a return of 7.15%, according to a report by Reuters citing an unnamed source with knowledge of the […]

(Hedgeweek) Man Group, the world’s largest listed hedge fund firm, is to acquire Varagon Capital Partners (Varagon), a US middle market private credit manager with $11.8bn of assets under management (AUM) and $15.4bn of total client commitments. To read this […]

(CNBC) Stock futures were little changed Friday morning, as investors refocused their attention on the upcoming June payrolls report and the implications for the Federal Reserve’s policy stance. Futures tied to the Dow Jones Industrial Average and S&P 500 futures […]

(CNBC) The U.S. jobs market is still on fire, no matter how much effort policymakers put into cooling it off. Despite a series of interest rate hikes aimed specifically at fixing an imbalance between company demand and the supply of […]

(CNBC) Twitter’s lawyer wrote a letter to Facebook parent Meta on Wednesday, accusing the company of “systematic” and “unlawful misappropriation” of trade secrets following the launch of its Threads service. The letter from longtime Elon Musk attorney Alex Spiro alleged […]

(CNBC) General Motors’ U.S. vehicle sales increased by 18.8% in the second quarter compared with subdued results a year ago when the automaker was battling supply chain issues. The Detroit automaker reported sales Wednesday of 691,978 new vehicles from April […]

(Hedgeweek) Greg Jensen, Co-Chief Investment officer at the world’s biggest hedge fund Bridgewater Associates, has warned against the use of large language models (LLMs) like ChatGPT to trade equities, despite being an early investor in its creator OpenAI as well […]

(Hedgeweek) The average confidence of hedge fund mangers in the economic prospects of their businesses over the coming 12 months fell slightly in the second quarter of the year to +14.2, from +16.3 in Q1, according to the latest AIMA […]