Category Archives: Syndicated
Stock futures inch lower as Wall Street awaits results of midterm elections
(CNBC) Stock futures were lower — following recent market gains — as results of the midterm elections dragged on with control of the U.S. House of Representatives and Senate still up in the air. S&P 500 futures fell by 0.25%, […]
Elon Musk sells at least $3.95 billion worth of Tesla shares after Twitter deal
(CNBC) Elon Musk has sold at least another $3.95 billion worth of shares in his electric car company Tesla after closing his $44 billion acquisition of Twitter. According to filings with the Securities and Exchange Commission published Tuesday, Musk sold […]
FTX’s token plunges 80% on liquidity concerns, wiping out over $2 billion in value
(CNBC) FTT, the token native to crypto exchange FTX, lost most of its value after rival Binance, the world’s largest cryptocurrency firm, announced plans to acquire the company. The coin traded at around $22 on Monday and sank below $5 […]
Salesforce cut hundreds of employees Monday
(CNBC) Salesforce on Tuesday confirmed that it cut some employees this week after the enterprise software maker saw demand lighten in some countries and industries. Protocol reported earlier on the cuts, saying they could affect up to 2,500 employees. One […]
Feds announce seizure of $3.36 billion in bitcoin stolen a decade ago from illegal Silk Road marketplace—the second-largest crypto recovery
(CNBC) The U.S. Department of Justice announced Monday that it seized about $3.36 billion in stolen bitcoin during a previously unannounced 2021 raid on the residence of James Zhong. Zhong pleaded guilty Friday to one count of wire fraud, which […]
Stock futures flat as Wall Street awaits U.S. midterm elections
(CNBC) Stock futures were flat Monday evening following a winning day for markets as investors looked ahead to U.S. midterm elections on Tuesday. Futures tied to the Dow Jones Industrial average rose 12 points or 0.04%, after erasing earlier gains. […]
Elon Musk encourages independents to vote for a Republican Congress ahead of midterms
(CNBC) New Twitter owner Elon Musk weighed in on the upcoming midterm elections and tweeted on Monday that “independent-minded” people should vote for a Republican Congress. “Shared power curbs the worst excesses of both parties, therefore I recommend voting for […]
Elliott Management backs PMI’s $15.7bn Swedish Match takeover bid
(Hedgeweek) Elliott Management, the biggest shareholder in Swedish Match, is set to make around $150 million after deciding to back Philip Morris International’s (PMI) $15.7bn offer for the smokeless tobacco specialist, according to a report by the Financial Times. To […]
Factbox: Market implications from Tuesday’s U.S. midterm elections
(Reuters) Investors are turning their focus to Tuesday’s midterm elections, which will determine control of the U.S. Congress. If Republicans – who have been leading in polls and betting markets – win control of either the House of Representatives, the […]
Meta could begin large-scale layoffs this week, report says
(CNBC) Facebook parent Meta could begin large-scale layoffs as soon as Wednesday, according to a report from the Wall Street Journal. The layoffs are expected to impact thousands of employees, the report said, and the move would mark the first […]
Berkshire Hathaway’s earnings jump 20%, conglomerate buys back $1 billion in stock
(CNBC) Berkshire Hathaway on Saturday posted a solid gain in operating profits during the third quarter despite rising recession fears, while Warren Buffett kept buying back his stock at a modest pace. The Omaha-based conglomerate’s operating earnings — which encompass […]
Dow futures slide 200 points as investors await midterm elections and inflation report
(CNBC) U.S. stock futures fell on Sunday as investors looked ahead to a week packed with the Congressional midterm elections, as well as the latest consumer inflation report. Dow Jones Industrial Average futures fell by 187 points, or 0.6%. S&P […]