Category Archives: Syndicated
Salesforce faces an underappreciated risk: Platform customers jumping ship like Veeva
(CNBC) Workers at Salesforce, all the way up to co-founder and CEO Marc Benioff, could breathe more easily this week after the business-software company posted considerably more robust earnings and guidance than analysts had estimated, prompting plaudits from Wall Street. […]
Activist Loeb acquires passive AMD stake
(CNBC) Dan Loeb, the founder of activist hedge fund Third Point Management, has acquired a passive stake in multinational semiconductor manufacturer AMD, according to a report by CNBC. To read this article:
Google execs tell employees in testy all-hands meeting that Bard A.I. isn’t just about search
(CNBC)Google executives are continuing to deal with the fallout from last month’s fumbled announcement of the company’s artificial intelligence engine called Bard, but their efforts to clean up the mess are causing further confusion among the workforce. In an all-hands […]
SEC Charges Father and Son Financial Advisory Duo
(HedgeCo.Net) The Securities and Exchange Commission has announced that it filed fraud charges yesterday against the father and son financial advisory team of Kevin Kane and Sean Kane of York, Pennsylvania. The SEC’s complaint alleges that the Kanes were terminated […]
Bridgewater to cap funds and cut jobs
(Hedgeweek) Bridgewater Associates is planning to cap the size of its flagship hedge funds, invest more in artificial intelligence and machine learning, and cut up to 100 jobs, as part of a restructuring plan aimed at boosting returns, increasing profitability […]
Activist hedge fund manager Dan Loeb takes a passive stake in AMD
(CNBC) Third Point’s Dan Loeb has taken a passive stake in chipmaker AMD, sources told CNBC’s Scott Wapner. The hedge fund manager took the bet when AMD shares struggled, according to sources. AMD shares have underperformed the rest of the […]
Ericsson pleads guilty in U.S. to federal bribery violations, agrees to pay $206 million penalty
(CNBC) Swedish telecommunications giant Ericsson agreed to pay a $206 million penalty and pleaded guilty to violating the anti-bribery provisions of the Foreign Corrupt Practices Act, U.S. prosecutors announced Thursday evening. Ericsson had already paid a $520.6 million penalty in […]
Stock futures tick lower on Thursday night: Live updates
(CNBC) U.S. stock futures inched downward on Thursday night as investors pondered the Federal Reserve’s rate-hiking path in light of fresh commentary from central bank speakers. Dow Jones Industrial Average futures fell by 37 points, or 0.11%. S&P 500 and […]
Hedge funds positive in January
(Hedgeweek) Hedge funds got the year started on an upbeat note, with over three quarters of all funds (78.2%) administered by Citco delivering positive returns in January. Overall, funds achieved a weighted average return of 3.6%. To read this article:
Salesforce shares jump 16% on better-than-expected forecast
(CNBC) Salesforce shares soared 16% in extended trading on Wednesday after the cloud software maker beat Wall Street estimates on profit and issued a better-than-expected forecast. Here’s how the company did: Earnings: $1.68 per share, adjusted, vs. $1.36 per share […]
Tesla stock falls more than 5% after hours as Investor Day falls short on specifics
(CNBC) Electric vehicle maker Tesla hosted a 2023 Investor Day presentation in Austin, Texas, on Wednesday. CEO Elon Musk took the stage to share his “Master Plan 3,” and to discuss how Tesla plans to scale up in the face […]
Amazon Ring CEO steps down five years after acquisition
(CNBC) Jamie Siminoff, the CEO of Amazon subsidiary Ring, is stepping down from the role later this month, the company announced Wednesday. Siminoff will take the role of chief inventor on March 22, and Elizabeth Hamren will succeed him as […]