Category Archives: Syndicated
Tesla reports record revenue and beats on earnings
(CNBC) Electric vehicle maker Tesla reported earnings after the bell, beating on both earnings and revenue. Shares rose more than 5% after hours after CEO Elon Musk said the company might be able to produce 2 million cars this year. […]
S&P 500 futures are up slightly as investors weigh latest corporate earnings
(CNBC) S&P 500 futures advanced modestly Wednesday night as investors parsed through the latest batch of corporate earnings that dropped after the bell. Futures tied to the broad index traded up 0.02%, while Nasdaq-100 futures gained 0.13%. Futures tied to […]
IBM tops revenue estimates, says it will cut 3,900 jobs
(CNBC) IBM reported quarterly revenue on Wednesday that topped analysts’ estimates, driven by higher-than-expected growth in the company’s software and infrastructure segments. Here’s how the company did: Earnings: $3.60 per share, adjusted, vs. $3.60 per share as expected by analysts, […]
GDP report could show solid fourth-quarter growth but still signal a recession is coming, economists say
(CNBC) Economic growth is expected to have slowed slightly in the fourth quarter but was still solid, driven by a strong consumer. Economists will be studying Thursday’s report on U.S. gross domestic product carefully for signs of how strong or […]
Citadel makes record $16bn profit
(Hedgeweek) Ken Griffin’s Citadel is now the best ever performing hedge fund in terms of annual returns having chalked up a $16 billion profit for investors in 2022 on the back of a raft of winning wagers including bonds and […]
BlockFi secret financials show a $1.2 billion relationship with Sam Bankman-Fried’s crypto empire
(CNBC) Bankrupt crypto lender BlockFi had over $1.2 billion in assets tied up with Sam Bankman-Fried’s FTX and Alameda Research, according to financials that had previously been redacted but were mistakenly uploaded on Tuesday without the redactions. BlockFi’s exposure to […]
Stock futures fall in overnight trading as Microsoft reverses earlier gains
(CNBC) Stock futures fell in overnight trading on Tuesday. Futures on the Dow Jones Industrial Average futures slipped 106 points, the Nasdaq 100 shed 0.8% and S&P 500 futures fell 0.5%. Shares of Microsoft dropped about 1%, reversing earlier gains […]
Crypto exchange Gemini lays off 10% of workforce in its latest round of cuts
(CNBC) Crypto exchange Gemini will reduce its headcount by 10%. It’s at least the third round of cuts in less than a year for Gemini, which was co-founded by twins Cameron and Tyler Winklevoss, and unlike many of its peers, […]
Google CEO defends job cuts in animated town hall as employees demand clarity on process
(CNBC) Days after Google announced the largest round of layoffs in the company’s 25-year history, executives defended the job cuts and took questions from a concerned workforce during a town hall meeting on Monday. Google CEO Sundar Pichai led the […]
Spotify cuts 6% of its workforce — read the memo CEO Daniel Ek sent to staff
(CNBC) Spotify announced Monday it’s cutting 6% of its global workforce as the music streaming company contends with a gloomy economic environment that has seen consumers and advertisers alike limit their spending. Spotify has a total workforce of around 9,800 […]
Google employees scramble for answers after layoffs hit long-tenured and recently promoted employees
(CNBC) Google employees are scrambling for answers from leadership and from colleagues as the company undergoes a massive layoff. On Friday, Alphabet-owned Google announced it was cutting 12,000 employees, roughly 6% of the full-time workforce. While employees had been bracing […]
Feds seize almost $700 million of FTX assets in Sam Bankman-Fried criminal case
(CNBC) Federal prosecutors seized nearly $700 million in cash and assets connected to Sam Bankman-Fried, primarily in the form of Robinhood shares that were owned by the FTX founder, a court filing revealed Friday. John Ray, who replaced Bankman-Fried as […]