Category Archives: Syndicated
Rivian-Volkswagen joint venture deal rises to up to $5.8 billion, VW cars expected as early as 2027
(CNBC) Volkswagen Group has increased its planned investment in an announced joint venture with electric vehicle maker Rivian Automotive ahead of the operations launching Wednesday. The companies Tuesday said the size of the deal is now up to $5.8 billion — an increase from an […]
Spotify shares pop on better-than-expected profit forecast
(CNBC) Spotify shares rose in extended trading Tuesday after the Swedish music streaming company issued a profit forecast for the fourth quarter that topped estimates. Spotify said operating income in the fourth quarter will come in at 481 million euros, exceeding […]
S&P 500 futures are little changed after stocks close at record highs: Live updates
(CNBC) Stock futures are near flat Monday night as Wall Street continued analyzing which sectors to pour money into amid a postelection rally that’s sent equities to record levels. Futures tied to the Dow Jones Industrial Average lost 37 points, […]
Hedge funds lose over $5bn on Tesla shorts amid Trump-Musk alliance
(Hedgeweek) Hedge funds betting against Tesla have chalked up paper losses of more than $5bn since Donald Trump’s election victory, as shares in the EV maker surged following the endorsement of Trump by the firm’s CEO Elon Musk, according to […]
FTX sues crypto exchange Binance and its former CEO Zhao for $1.8 billion
(CNBC) The estate of collapsed crypto exchange FTX has filed a suit against Binance and its former CEO Changpeng Zhao in an effort to wrest back at least $1.76 billion, citing a “fraudulent” share deal. FTX cites a 2021 transaction […]
Bitcoin is closing in on $90,000 for the first time ever
(CNBC) Bitcoin was trading just shy of $90,000 Monday night after breaching $80,000 just a day earlier. The flagship cryptocurrency was last higher by 12% at $89,100, according to Coin Metrics. Earlier Monday, it rose as high as $89,623.00. Its price […]
Tesla shares pop 9% as postelection rally continues
(CNBC) Tesla shares closed up nearly 9% on Monday, continuing to ride a postelection rally as President-elect Donald Trump, closely allied with CEO Elon Musk, begins to set up his presidential cabinet. Analysts at Wedbush reiterated their outperform rating on the […]
Raptor Group invests in hedge fund targeting distressed US housing market
(Hedgeweek) Jim Pallotta’s family office, Raptor Group, is investing in a new hedge fund, Trevally Capital, which aims to capitalise on distressed sectors within the US housing market by trading US residential mortgage-backed securities (RMBS), according to a report by […]
Former Goldman and Citadel exec joins Point72 as Chief Risk Officer
(Hedgeweek) Point72 Asset Management has named Michael Fisher as its new Chief Risk Officer, adding to a series of recent executive shifts as Steve Cohen steps back and Harry Schwefel takes the reins at the hedge fund, according to a […]
Stock futures are little changed as Wall Street looks to extend postelection rally:
(CNBC) U.S. stock futures hovered near the flatline Thursday night after the S&P 500 and Nasdaq Composite hit records in a postelection rally and investors weighed the Federal Reserve’s latest interest rate cut. S&P 500 futures and futures tied to the Dow Jones Industrial Average each added […]
How Elon Musk stands to cash in on Trump’s presidential victory
(CNBC) As Donald Trump celebrated his presidential victory early Wednesday morning, Elon Musk was right there with him. “A star is born. Elon,” Trump said onstage at his Mar-a-Lago resort, thanking the world’s richest person for spending two weeks campaigning in Pennsylvania. To read this article:
How Samsung fell behind in the AI boom leading to a $126 billion wipeout
(CNBC) The South Korea electronics giant has fallen behind its long-time rival SK Hynix in next-generation chips that have been key component for AI silicon leader Nvidia. The result? Samsung’s profit has plunged, around $126 billion has been wiped off its […]
