(Hedgeweek) A $12.7 billion venture capital fund set up by New York-based hedge fund Tiger Global Management in October 2021 to support tech startups, has been hit hard by a decline in tech sector valuations with the fund suffering a […]

(CNBC) S&P 500 futures fell after the Federal Reserve hiked rates by another 25 basis points and investors’ fears of contagion in the regional bank space returned. Futures linked to the broad-market index slipped 0.2%. Futures linked to the Dow […]

(CNBC) The Federal Reserve raised interest rates by a quarter of a percentage point, bringing the benchmark funds rate to 5% to 5.25%. In its post-meeting statement, the central bank appeared to soften its language on future rate increases, removing […]

(CNBC) Google CEO Sundar Pichai received a hefty pay raise last year, making him one of the highest-paid CEOs in America. Last week, his company announced the authorization of a $70 billion stock buyback. Meanwhile, Google parent Alphabet has been […]

(CNBC) When Apple reports quarterly earnings on Thursday, the results are expected to be somewhat muted — the company already guided investors to a 5% revenue decline due largely to decreases in Mac and iPad sales. But Apple will still […]

(CNBC) PacWest Bancorp shares tumbled 56% in extended trading on Wednesday following news that the bank is weighing strategic options. The regional bank is assessing options, including a possible sale, and bringing in advisors to evaluate longer-term plans for the […]

(CNBC) Qualcomm reported second-quarter earnings on Wednesday that were in line with analyst expectations, but sales from handset chips, a core business for the company, declined 17% from a year earlier. Qualcomm shares fell over 4% in extended trading. To […]

(CNBC) A group led by several prominent Democratic lawmakers is calling on the Federal Reserve to halt rate hikes to avoid risking too much damage to the economy. The 10 senators and representatives, led by Sen. Elizabeth Warren of Massachusetts […]

(CNBC) U.S. stock futures fell slightly on Tuesday night as investors looked ahead to the Federal Reserve’s latest policy decision. Dow Jones Industrial Average futures fell by 11 points, or 0.03%. S&P 500 and Nasdaq 100 futures dipped 0.08% and […]

(Hedgeweek) Several big-name hedge fund hedge fund firms, including Crispin Odey’s Odey Asset Management and James Hanbury’s Brook Asset Management have racked up big losses on the back of a 16% rally in the Nasdaq Composite so far this year, […]

(CNBC) As Wall Street’s slump in IPOs and mergers deepens this year, top advisory firms including Morgan Stanley, Bank of America and Citigroup have turned to job cuts in recent weeks. Morgan Stanley plans to eliminate roughly 3,000 positions by […]

(CNBC) Chegg shares tumbled after the online education company said ChatGPT is hurting its growth. “In the first part of the year, we saw no noticeable impact from ChatGPT on our new account growth and we were meeting expectations on […]