(Hedgeweek) Pershing Square Capital Management, the hedge fund firm founded by Bill Ackman, finished 2022 with a 9% loss despite raking in some $2.7 billion from winning interest rate bets over the course of the year, according to a report […]

(Hedgeweek) Qube Research & Technologies, a hedge fund that was spun out of Credit Suisse Group in 2018, is planing to boost its multi-strategy investment business by allocating hundreds of millions of dollars to external money managers, according to a […]

(CNBC) DETROIT – Ford Motor said Monday it will collaborate with a Chinese supplier on a new $3.5 billion battery plant for electric vehicles in Michigan, despite tensions between the U.S. and China. The anticipated announcement of the deal between […]

(CNBC) Google’s Bard announcement last week was meant to show that the company has similar technology as the popular ChatGPT chatbot, even though it still has a ways to go before becoming product-ready, Alphabet Chairman John Hennessy said Monday. “I […]

(Hedgeweek) Global hedge funds recorded a 2.8% gain in January, but expectations of a continued bear market meant industry performance lagged broader stock market indices over the month, according to the latest performance data from HFR.  To read this article:

(CNBC) U.S. stock futures were down on Sunday night after the S&P 500 and Nasdaq ended their worst week in nearly two months.  S&P 500 futures fell by about 0.26%. Dow Jones Industrial Average dipped 64 points, or 0.19%, and […]

(CNBC) Google employees are criticizing leadership, most notably CEO Sundar Pichai, for the way the company handled the announcement this week of its ChatGPT competitor called Bard. Staffers took to the popular internal forum Memegen to express their thoughts on […]

(CNBC) For Matthew Hassett’s smart alarm clock company Loftie, the 2022 holiday shopping rush was the busiest in its five-year history despite a lackluster U.S. economy and persistent concerns of a recession. Hassett, who’s based in New York, attributes the […]

(CNBC) Last year’s havoc in the cryptocurrencies space has allowed for a “flight to quality” among crypto investors, Mathew McDermott, Goldman Sachs’ global head of digital assets. “We do have a crypto trading desk at the firm,” he said, noting […]

(CNBC) U.S. stock futureswere little changed on Thursday night. S&P 500 futures gained 0.05%, and Nasdaq 100 futures added 0.08%. Futures linked to the Dow Jones Industrial Average gained 1 point, or 0.003%. Several companies reported earnings after Thursday’s trading […]

(CNBC) Yahoo will lay off more than 20% of its workforce by the end of 2023, eliminating 1,000 positions this week alone, the company said in a statement Thursday. Private equity firm Apollo Global Management acquired 90% of Yahoo from […]

(CNBC) Lyft shares fell more than 30% during after-hours trading after issuing weak guidance in its earnings report on Thursday. Here are the key numbers Lyft reported for its fiscal fourth quarter of 2022: Adjusted loss per share: 74 cents […]