Category Archives: Syndicated
Salesforce shares slump over 8% after co-CEO Bret Taylor announces surprise departure
(CNBC) Salesforce shares closed down 8% Thursday as analysts and investors digested Wednesday evening’s earnings report and the surprise news that co-CEO Bret Taylor will depart by the end of January 2023. Taylor’s departure will leave founder Marc Benioff as […]
Washington lawmakers hold on to crypto holdings despite calls for new laws in wake of FTX collapse
(CNBC) The collapse of cryptocurrency exchange FTX has pulled a host of other companies down with it and threatens the stability of the digital coin marketplace, but some lawmakers on Capitol Hill are holding on to their crypto investments — […]
Morgan Stanley cuts 2% of global staff on Tuesday, sources say
(CNBC) Morgan Stanley cut about 2% of its staff on Tuesday, according to people with knowledge of the layoffs. The moves, reported first by CNBC, impacted about 1,600 of the company’s 81,567 employees and touched nearly every corner of the […]
Stock futures tick higher after Wednesday’s rally
(CNBC) Stock futures ticked higher in early Thursday trading. Futures tied to the Dow Jones Industrial Average added 23 points, or 0.07%, while those tied to the S&P 500 and Nasdaq 100 gained 0.22% and 0.24%, respectively. Salesforce’s stock shed […]
Broke and down to one credit card: Former FTX CEO Sam Bankman-Fried claims he committed no fraud
(CNBC) Former FTX CEO Sam Bankman-Fried, in possibly the understatement of 2022, said Wednesday, “I’ve had a bad month.” The former billionaire added that he “didn’t do a good job” at upholding his responsibilities to regulators, customers, and investors in […]
Fed Chair Powell says smaller interest rate hikes could start in December
(CNBC) Federal Reserve Chairman Jerome Powell confirmed Wednesday that smaller interest rate increases are likely ahead even as he sees progress in the fight against inflation as largely inadequate. Echoing recent statements from other central bank officials and comments at […]
House approves tentative labor deal to avoid rail strike, sends to Senate
(CNBC) The House passed legislation Wednesday that would force a tentative rail labor agreement and thwart a national strike. The bill now goes to the Senate, where Majority Leader Chuck Schumer, D-N.Y., has promised swift passage. The House voted 290 […]
Bret Taylor steps down as co-CEO of Salesforce, leaving Marc Benioff alone at the helm
(CNBC) Salesforce said Wednesday that Bret Taylor will step down as co-CEO on Jan. 31, leaving Marc Benioff alone again at the top of the cloud software company he co-founded in 1999. Benioff closely embraced Taylor, who joined the company […]
Millennium, Balyasny, Point72 among firms on Asia hiring spree
(Hedgeweek) Multi-strategy hedge funds including Millennium Management, Balyasny Asset Management, and Point72 Asset Management are recruiting staff at breakneck pace in Asia as market volatility prompts investors to look to firms that employ multiple strategies rather than single managers, according […]
Digital asset investment funds see negative outflows of $23m
(Hedgeweek) Negative investor sentiment towards digital asset investment continued last week on the back of the fallout from the collapse of FTX with outflows totalling $23 million, according to the latest data from CoinShares. To read this article:
BlockFi lawyer tells bankruptcy court that the priority is to ‘maximize client recoveries’
(CNBC) BlockFi plans to reopen withdrawals as part of an effort to “maximize client recoveries,” the crypto lender’s lawyers said at a court hearing Tuesday, a day after the firm filed for Chapter 11 bankruptcy protection. BlockFi’s lawyers at that […]
Stock futures inch up as Wall Street awaits Fed Chair Powell’s speech
(CNBC) Stock futures inched up Wednesday morning as Wall Street awaits a Wednesday speech from Federal Reserve Chair Jerome Powell that may give further insight into future rate hikes. Futures tied to the Dow Jones Industrial Average rose 50 points, […]