Category Archives: Syndicated
Bed Bath & Beyond files for bankruptcy protection after failed turnaround efforts
(CNBC) Bed Bath & Beyond on Sunday filed for Chapter 11 bankruptcy protection after it failed in several last-ditch efforts to raise enough money to keep the company alive. The beleaguered home goods retailer has been warning of a potential […]
Alphabet CEO Sundar Pichai’s compensation topped $200 million in 2022
(CNBC) Alphabet CEO Sundar Pichai received $226 million in total compensation in 2022, most of which came through stock awards, according to a securities report filed by the company on Friday. Pichai was awarded $218 million in equities last year […]
Procter & Gamble beats earnings estimates, raises revenue forecast as prices rise
(CNBC) Procter & Gamble on Friday reported quarterly earnings and revenue that topped analysts’ expectations as higher prices helped offset lower demand for its products, particularly in Europe. The company, which owns household brands like Febreze, Charmin and Tide, also raised its […]
Stock futures are flat Thursday night as Wall Street processes earnings results: Live updates
(CNBC) U.S. stock futures were little changed on Thursday night. Dow Jones Industrial Average futures inched lower by 27 points, or 0.08%. S&P 500 futures were down just 0.01%, while Nasdaq 100 futures rose 0.07%. To read this article:
Whole Foods plans to lay off several hundred corporate employees: Read the memo here
(CNBC) Amazon’s Whole Foods is letting go some corporate employees as part of a planned reorganization of select teams, and as its parent company closely examines costs. Whole Foods plans to reorganize certain global and regional support teams over the […]
Brevan Howard’s Bathwal prospered in March as flagship fund faltered
(Hedgeweek) Minal Bathwal was a stand-out performer at Brevan Howard in March, making money as market turmoil saw the macro trading firm’s flagship fund rack up its largest monthly loss since 2003, according to a report by Bloomberg. To read […]
Hedge funds up bets against Canada’s TD Bank
(Hedgeweek) Hedge funds have increased their bets against TD Bank Group with short positions against the Canadian lender rising by 45% over the past two weeks to reach $6.1 billion on Wednesday, according to a report by Reuters. To read […]
Millennium and DE Shaw on India tech recruitment drive
(Hedgeweek) Hedge fund majors Millennium Management and DE Shaw are both actively hiring technologists in India with a focus on data scientists and data engineers as they ramp up operations in the country, according to a report by ET CIO. […]
Bridgewater’s Dalio to open family office branch in Abu Dhabi
(Hedgeweek) Ray Dalio, founder of hedge fund giant Bridgewater Associates, is to open a branch of his family office in Abu Dhabi as part of the wider expansion of his operations in the Middle East, and the United Arab Emirates […]
Apple bets big on India, but will still rely on China for ‘years’ to come
(CNBC) For years, Tim Cook has been bullish on India. Now, he’s betting big on the South Asian giant as Apple shifts its focus away from China and expands its footprint in India. Still, analysts told CNBC the iPhone-maker’s dependency […]
Tesla net income and earnings drop more than 20% from last year
(CNBC) Shares in electric vehicle maker Tesla dropped more than 4% after the company reported first-quarter earnings after the bell. Tesla specified in a shareholder deck that “underutilization of new factories” stressed margins, along with higher raw material, commodity, logistics […]
IBM earnings top estimates as margins expand
(CNBC) IBM issued stronger-than-expected first-quarter earnings on Wednesday even as the technology and consulting company reported disappointing revenue. IBM’s revenue increased 0.4% from a year earlier in the quarter, according to a statement. Net income rose 26% to $927 million, […]