Category Archives: Syndicated

Fed expected to slow rate hiking to a quarter point but will stay unrelenting in inflation battle

(CNBC) The Federal Reserve is expected to raise interest rates by just a quarter point but also likely signal it will stay vigilant in its fight against inflation even as it reduces the size of the hikes. The Fed releases […]

Bitcoin grabs lion’s share of $117m digital assets fund flows

(Hedgeweek) Digital asset investment products saw $117 million of inflows last week, the largest since July 2022, while total asset under management (AuM) have risen to $28 billion, up 43% from their November 2022 lows, according to them latest digital […]

Why AMD is faring much better than Intel in the same tough economy

(CNBC) AMD and Intel are fierce competitors in a difficult market for chips, but one has a much brighter short-term outlook than the other. While Intel is expecting declines across the board, AMD’s data center business is growing with the […]

Elliot to nominate Salesforce directors

(Hedgeweek) Activist hedge fund firm Elliot Management is planning to nominate a slate of director candidates at Salesforce after acquire multi-million dollar stake in the could-based software company, according to a report by EuroNews. To read this article:

PayPal to lay off 2,000 employees in coming weeks, about 7% of workforce

(CNBC) PayPal on Tuesday announced plans to lay off 2,000 employees, or around 7% of its workforce, according to a release posted to the company’s website.President and CEO Dan Schulman wrote in the release that PayPal is working to address […]

SkyBridge fund down 39% in 2022 on failed crypto bets

(Hedgeweek) SkyBridge Capital, the hedge fund firm found by Anthony Scaramucci, saw losses in its largest fund of 39% last year after investors asked the firm to return half their money after a series of failed bets on cryptocurrencies and […]

Stock futures inch higher as S&P 500 heads for best January since 2019

(CNBC) Stock futures rose slightly in overnight trading as the S&P 500 looks to cap off its best January since 2019.Futures tied to the S&P 500 added 0.26%, while futures connected to the Dow Jones Industrial Average inched 0.15%, or […]

Apple’s expected to post its first revenue decline since 2019 on Thursday

(CNBC) Analysts expect Apple to post its first year-over-year revenue decline since 2019?s March quarter when it reports earnings on Thursday. There are a few contributing factors. The company couldn’t build enough of its high-end iPhones when its primary assembly […]

General Motors is set to report earnings before the bell. Here’s what Wall Street expects

(CNBC) DETROIT — General Motors is set to report its fourth-quarter earnings before the bell Tuesday. Here’s what Wall Street is expecting, according to Refinitiv consensus estimates: Adjusted earnings per share: $1.69 Revenue: $40.65 billion To read this article:

Everyone’s watching Meta’s earnings report for a hint at how online ads are doing

(CNBC) Wall Street’s worst year since 2008 wreaked havoc on tech companies, particularly those reliant on digital advertising. Facebook parent Meta lost almost two-thirds of its value in 2022 as year-over-year revenue fell in consecutive quarters, leading the company in […]

Hedge fund Treasury shorts reach record levels

(CNBC) Hedge funds are positioning for a slow down in this year’s stellar start for Treasuries by quietly building up the biggest bearish bet on bond futures on record, according to a report by Bloomberg. To read this article:

Stock futures fall slightly ahead of busy week of earnings, Fed meeting

(CNBC) Stock futures were modestly lower on Sunday evening as investors geared up for a week of key corporate earnings and a possible interest rate hike from the Federal Reserve. Futures tied to the Dow Jones Industrial Average slipped 56 […]