Category Archives: Syndicated
Stock futures rise after GOP and White House reach tentative U.S. debt ceiling deal: Live updates
(CNBC) Stock futures rose Monday night after the Biden administration and Republican lawmakers reached a tentative deal on raising the U.S. debt ceiling. Futures tied to the Dow Jones Industrial Average added 72 points, or 0.2%, while S&P 500 futures […]
The tech trade is back, driven by A.I. craze and prospect of a less aggressive Fed
(CNBC) Forget about the debt ceiling. Tech investors are in buy mode. The Nasdaq Composite closed out its fifth-straight weekly gain last jumping 2.5% in the past five days, and is now up 24% this year, far outpacing the other […]
Major central banks were expected to pause rate hikes soon. Now it’s not so clear cut
(CNBC) The market has long been pricing in interest rate cuts from major central banks toward the end of 2023, but sticky core inflation, tight labor markets and a surprisingly resilient global economy are leading some economists to reassess. Stronger-than-expected […]
Brahman shutters stock-picking hedge fund after over 30 years
(Hedgeweek) Brahman Capital Corp’s stock-picking hedge fund is to close after over 30 years of trading following losses in the past two years, according to a report by Bloomberg, citing unnamed sources familiar with the matter. To read this article:
S&P 500 futures are slightly lower as investors watch for debt ceiling updates, inflation data: Live updates
(CNBC) S&P 500 futures ticked lower Thursday night as investors awaited signs of progress on debt ceiling negotiations and a batch of economic data that can provide insight into the path of inflation. Futures connected to the broad index slipped […]
Hedge fund stock borrowing hits record high, says Goldman
(Hedgeweek) Rising interest rates, which have made it cheaper for speculators to borrow stock and bet on movements in company stock prices, have seen hedge fund industry borrowing hit record highs, according to a report by Reuters. To read this […]
JPMorgan is developing a ChatGPT-like A.I. service that gives investment advice
(CNBC) JPMorgan Chase is developing a ChatGPT-like software service that leans on a disruptive form of artificial intelligence to select investments for customers. The company applied to trademark a product called IndexGPT this month, according to a filing from the […]
A.I. cryptocurrencies jump after Nvidia reports booming artificial intelligence demand
(CNBC) AI-themed cryptocurrencies got a lift Thursday from excitement around Nvidia and its increasing demand for chips that power artificial intelligence applications. SingularityNET (AGIX) rose as much as 19%, according to CoinMarketCap, to 29 cents. Cortex (CTXC) rose 6% to […]
How the A.I. explosion could save the market and maybe the economy
(CNBC) A blockbuster profit report Wednesday from Nvidia crystallized an important point for both markets and the economy: For better or worse, artificial intelligence is the future. Whether it’s personalized shopping, self-driving cars or a broad array of robotics uses […]
Microsoft warns that China hackers attacked U.S. infrastructure
(CNBC) Microsoft warned on Wednesday that Chinese state-sponsored hackers had compromised “critical” U.S. cyber infrastructure across numerous industries with a focus on gathering intelligence. The Chinese hacking group, codenamed “Volt Typhoon,” has operated since mid-2021, Microsoft said in an advisory. […]
Nvidia shares spike 26% on huge forecast beat driven by A.I. chip demand
(CNBC) Nvidia reported first-quarter earnings for its fiscal 2024 on Wednesday, with a stronger-than-expected forecast that drove shares up 26% in extended trading. Here’s how the company did versus Refinitiv consensus estimates for the quarter ended in April: EPS: $1.09, […]
Dow futures slip as Fitch places United States’ AAA rating on negative watch: Live updates
(CNBC) Dow futures slipped Wednesday night after Fitch Ratings placed the United States’ AAA rating on a negative rating watch. Meanwhile, Nasdaq 100 futures rallied after a strong earnings beat from Nvidia. Dow Jones Industrial Average futures fell 60 points, […]