Category Archives: Syndicated
Zoom to lay off 1,300 employees, or about 15% of its workforce
(CNBC) Zoom on Tuesday announced plans to cut about 1,300 workers, or 15% of its workforce, according to a blog post on the company’s website. Shares of Zoom closed up about 9.8%. CEO Eric Yuan wrote in the blog post […]
Winklevoss twins’ crypto exchange Gemini to contribute $100 million to Genesis bankruptcy recovery
(CNBC) Crypto exchange Gemini will contribute up to $100 million in cash, earmarked for its customers, as part of an agreement with bankrupt Genesis Global Capital and parent Digital Currency Group, Genesis’ lawyers said in a court hearing on Monday. […]
Bridgewater names first female co-CIO
(Hedgeweek) Bridgewater Associates, the world’s largest hedge fund firm founded by billionaire Ray Dalio, has named Karen Karniol-Tambour as its third co-chief investment officer and the first woman to hold the position at the firm, according to a company statement. […]
Stock futures inch higher as investors await Fed Chair Powell’s speech
(CNBC) Stock futures rose slightly early Tuesday morning as investors braced for the latest commentary due Tuesday from Federal Reserve Chairman Jerome Powell. Futures tied to the S&P 500 added 0.12%, while futures connected to the Dow Jones Industrial Average […]
Crypto exchange Binance will suspend U.S. dollar transfers
(CNBC) Binance, the world’s largest cryptocurrency exchange, will suspend U.S. dollar deposits and withdrawals, the company said Monday, without providing a reason for the decision. “We are temporarily suspending USD bank transfers as of February 8th,” a Binance spokesperson told […]
Google CEO issues rallying cry in internal memo: All hands on deck to test ChatGPT competitor Bard
(CNBC) Google CEO Sundar Pichai told employees Monday the company is going to need all hands on deck to test Bard, its new ChatGPT rival. He also said Google will soon be enlisting help from partners to test an application […]
Baidu leaps to 11-month high as it reveals plan to launch ChatGPT-style ‘Ernie Bot’
(CNBC) Shares of Baidu surged by more than 13% in Hong Kong as the company said it will launch its own artificial intelligence chatbot. The stock rose to $159.80 Hong Kong dollars per share, or 13.48% higher in Asia’s morning […]
Stock futures slide to start week with more earnings and a Powell speech ahead
(CNBC) U.S. stock futures were lower to start trading for the new week as investors awaited more earnings and an important speech from Federal Reserve Chairman Jerome Powell. Investors were also taking some profits after the stock market’s hot start […]
Elon Musk says Twitter is ‘trending to breakeven’ after near bankruptcy
(CNBC) Twitter CEO Elon Musk said Sunday that the last few months have been “extremely tough,” but said the social media company is “now trending to breakeven.” CNBC was not able to independently verify this claim. Musk, who is also […]
Tech stocks just finished a five-week rally — the longest stretch since market peak in November 2021
(CNBC) The Nasdaq just wrapped up its fifth straight week of gains, jumping 3.3% over the last five days. It’s the longest weekly winning streak for the tech-laden index since a stretch that ended in November 2021. Coming off its […]
January’s U.S. jobs reports was stunningly good
(CNBC) January’s U.S. jobs report was stunning all around. Nonfarm payrolls increased by 517,000 for the month, shattering analysts’ estimate of 187,000. Unemployment rate fell to 3.4%, the lowest since May 1969. U.S. stocks, worried by what such a strong […]
Stock futures fall after earnings reports from Apple, Alphabet disappoint investors
(CNBC) Stock futures slid on Thursday evening after several high-profile earnings misses cast doubt on the recent market rally. Futures for the S&P 500 fell 0.6%, while Nasdaq 100 futures lost 1.4%. Dow Jones Industrial Average futures slumped 62 points, […]