(CNBC) Activist investor Elliott Management has nominated a slate of directors for Salesforces board, sources told CNBC’s David Faber on Wednesday. The nominating window closes March 14, and it is unclear if it is two or three nominees, Faber said […]

(CNBC) Futures tied to the Dow Jones Industrial Average rose on tThursday morning as earnings season pressed on and Salesforce shares popped on a strong quarter and forward guidance. Along with Salesforce, Okta shares jumped in overnight trading on solid […]

(CNBC) It was a year ago this month that the Federal Reserve launched its first attack against inflation that had been percolating in the U.S. economy for at least the previous year. That first strike, in retrospect, would seem timid: […]

(CNBC) Stock futures inched down as investors came off a losing month. Futures tied to the Dow Jones Industrial Average lost 70 points, or 0.2%. S&P 500 futures slid 0.3%, while Nasdaq-100 futures dipped 0.4%. The moves come as Wall […]

(Hedgeweek) Point72 Asset Management, the hedge fund founded by Steve Cohen, has expanded its crypto team with the appointment of Lionel Sukhram as a digital assets senior professional, according to a report by Financial News. To read this article:

(Hedgeweek) Man Group managed to pull in $3.1 billion in net inflows last year, “despite clear headwinds elsewhere in the asset management industry”, with assets under management (AUM) rising to $143.3 billion at 31 December, 2022, up from $138.4 billion […]

(Hedgeweek) Digital asset investment products saw minor outflows totalling $2 million, according to the latest Digital Assets Fund Flows Weekly report from CoinShares, although this masks broader negative sentiment as the largest inflows were into short investment products. To read […]

(CNBC) General Motors is cutting hundreds of salaried positions as it follows other major companies, including competitors, in downsizing headcounts to preserve cash and boost profits. The cuts affect about 500 positions, according to a person familiar with the plans, […]

Hedgeweek) Lance Fritz, the chief executive officer of US railway company Union Pacific, has announced he is to step down this year after hedge fund Soroban Capital Partners called for the firm to appoint new leaders, according to a report […]

(Hedgeweek) More than $145 billion has been wiped from the value of Gautam Adani’s business empire in the month since US short seller Hindenburg Research first accused the company of stock market manipulation and accounting fraud, according to a report […]

(CNBC) Stocks futures rose slightly in overnight trading as investors braced for the final trading day of February. Futures tied to the Dow Jones Industrial Average gained 30 points, or 0.10%, while S&P 500 and Nasdaq 100 futures added 0.12% […]

(CNBC) Meta will create a new product group inside the company focused on generative AI, a new set of machine learning techniques that allow computers to generate text, draw pictures, and create other media that resemble human output. The move […]