Category Archives: Syndicated
Ford conducts engineering layoffs in U.S. and Canada
CNBC) Ford Motor confirmed Monday it will carry out layoffs this week, primarily affecting engineering jobs in the U.S. and Canada, as the automaker seeks billions in cost-cutting measures as it restructures its business operations. The job cuts are expected […]
Citadel slashes Boohoo stake after shares drop
(Hedgeweek) Ken Griffin’s Citadel has slashed its holding in UK fashion retailer Boohoo from 8.9% to just 1.8% after shares in the business fell from 62p at the time of the hedge fund’s initial investment, to just 34p, according to […]
Stock futures are little changed ahead of final week of trading in June: Live updates
(CNBC) Stock futures were flat on Sunday evening as Wall Street looked to see if the market rally could find more momentum in the final week of June. Futures tied to the Dow Jones Industrial Average ticked up 55 points, […]
Bitcoin is up 12% this month — even though barely anybody is trading it
(CNBC) Bitcoin has rallied sharply this month — but not for reasons you might think. The world’s largest digital currency has risen more than 12% since the beginning of June. Last week, its price topped $30,000 to hit its highest […]
Corporate bankruptcies and defaults are surging – here’s why
(CNBC) The Federal Reserve plans to keep hiking interest rates to stem inflation, which means an increase in corporate default rates is likely in coming months. The corporate default rate rose in May, a sign that U.S. companies are grappling […]
Siemens Energy shares plunge more than 37% as wind turbine worries deepen
(CNBC) Siemens Energy shares plunged over 37% on Friday after the company scrapped its profit forecast and warned that costly problems at its wind turbine unit could last for years. The company, born from the spinoff of the former gas […]
Ocado share surge hits short-sellers including Man and AQR
(Hedgeweek) Global hedge funds holding short positions in Ocado, including Man and AQR, were facing potential losses on Thursday after shares in the UK online grocery business surged, according to a report by Reuters citing data from research group Breakout […]
MFA recommends improvements to SEC’s proposed cybersecurity rules
(Hedgeweek) Managed Funds Association (MFA) has recommended improvements to the US Securities and Exchange Commission’s (SEC) proposed Advisers Act Cybersecurity rules in a third comment letter setting out how the SEC can achieve its goals while mitigating negative unintended consequences. […]
3M reaches tentative $10.3 billion deal over U.S. ‘forever chemicals’ claims
(CNBC) 3M has reached a $10.3 billion settlement with a host of U.S. public water systems to resolve water pollution claims tied to “forever chemicals,” the chemical company announced on Thursday. The company said the settlement would provide the funds […]
Bitcoin rallies to touch highest level since April as traders get bullish on ETF news
(CNBC) Bitcoin hit its highest level since April on Wednesday, as traders got excited about the prospects of a spot bitcoin ETF following a series of recent applications from companies including BlackRock. The price of the flagship cryptocurrency touched a […]
Stock futures are flat on Thursday evening as Wall Street heads for losing week: Live updates
(CNBC) Stock futures were little changed in overnight trading Thursday as Wall Street headed for a losing week. Futures tied to the S&P 500 inched up by 0.05%, while Nasdaq-100 futures gained about 0.1%. Futures connected to the Dow Jones […]
Warren Buffett’s charitable giving exceeds $50 billion, more than his entire net worth in 2006
(CNBC)Warren Buffett has made another annual donation to five foundations, boosting his total charitable giving to more than $50 billion — significantly higher than his entire net worth in 2006 when he first scheduled the grants. The 92-year-old legendary investor said […]