Category Archives: Syndicated
Stock futures are little changed as postelection rally shows signs of wavering
(CNBC) U.S. stock futures were little changed Wednesday night, as the major averages’ postelection run began to show signs of stalling. Dow Jones Industrial Average futures rose by 7 points. S&P 500 futures were near the flatline, while Nasdaq 100 futures slipped 0.04%. To read […]
Activist Elliott pushing for Honeywell split
(Hedgeweek)Activist hedge find firm Elliott Investment Management has urged Honeywell International’s board to simplify its conglomerate structure, arguing the company could unlock significant value by separating its Aerospace and Automation divisions, according to a report by Alternatives Watch. To read […]
Bitcoin briefly tops $93,000 for the first time as investors digest postelection gains, inflation data
(CNBC) Bitcoin rose above $93,000 for the first time on Wednesday, adding to its postelection rally, as traders pored through October inflation data. The price of the flagship cryptocurrency was last higher by more than 1% at $91,201.09. At one point, it […]
AMD to lay off 4% of workforce, or about 1,000 employees
(CNBC) AMD said on Wednesday that it will lay off 4% of its global staff as the longtime computer chipmaker seeks to gain a stronger foothold in the growing artificial intelligence chip space dominated by Nvidia. ?As a part of aligning […]
Cisco reports fourth straight quarter of declining revenue
(CNBC) Cisco’s revenue dropped 6% in the quarter ended Oct. 26, from $14.7 billion a year earlier, according to a statement. Net income fell to $2.71 billion, or 68 cents per share, from $3.64 billion, or 89 cents per share, in […]
Asia-Pacific markets mixed after U.S. inflation report reinforces Fed rate cut expectations
(CNBC) The CPI came in line with expectations, accelerating slightly to an annual inflation rate of 2.6%. Core CPI, which straps out volatile food and energy prices, gained 3.3% last month, also matching expectations. To read this article:
Nissan sees stock surge after hedge fund-linked activist acquires 2.5% stake
(Hedgeweek) Nissan Motor shares climbed as much as 21% on Tuesday before closing up 13% – the highest jump in 15 years – following news that activist investor Suntera (Cayman) had taken a 2.5% stake in the company, according to […]
Stock futures inch lower as investors look toward key inflation report: Live updates
(CNBC) U.S. stock futures ticked lower Tuesday night as Wall Street awaited the latest consumer price index data for insights on the pace of inflation. Futures tied to the Dow Jones Industrial Average slipped 33 points, less than 0.1%. S&P 500 futures inched lower […]
FTX sues Scaramucci and SkyBridge Capital in bid to recover creditor funds
(Hedgeweek) Bankrupt cryptocurrency exchange FTX has filed a lawsuit against Anthony Scaramucci and his hedge fund, SkyBridge Capital, as part of its broader strategy to recoup funds for creditors following its collapse, according to a report by Fortune. To read […]
Bitcoin resumes its climb, briefly touching $90,000
(CNBC) Bitcoin resumed its climb on Tuesday, after taking a breather from its postelection rocket rally earlier in the session. The price of bitcoin was last higher by 2% at $89,338.20, according to Coin Metrics. It briefly touched $90,036.17 just before the […]
Hedge funds shift to bank stocks, exit green energy post-US election, says GS
(Hedgeweek) Following Donald Trump’s US presidential election win, hedge funds have quickly pivoted toward financial stocks while reducing their exposure to companies in the renewable energy sector, according to a report by Reuters. To read this article:
Citadel poaches Elliott Partner Bhanji
(Hedgeweek) Ken Griffin’s multi-strategy hedge fund major Citadel has made a high-profile hire with the appointment of Nabeel Bhanji, a partner from Elliott Investment Management, in what is one of the biggest hedge fund moves of the year, according to […]
