Category Archives: Syndicated
Hedge fund redemptions double year-on-year in September
(Hedgeweek) Hedge fund saw net outflows of $21 billion in September, more than twice the usual September average recorded between 2014 and 2021, according to the latest asset flows report from eVestment. September was also the fourth consecutive month negative […]
Stock futures slightly lower with Dow on track for best month since 1976
(CNBC) Stock futures were slightly lower early on Monday morning ahead of the final day of October, with the Dow Jones Industrial Average poised to clinch its best month in decades. S&P 500 futures were 0.12% lower, while Nasdaq 100 […]
GM temporarily suspends advertising on Twitter following Elon Musk takeover
(CNBC) General Motors is suspending its advertising on Twitter following Elon Musk’s takeover of the social media platform, the company told CNBC on Friday. The Detroit automaker, a rival to Musk-led electric vehicle maker Tesla, said it is “pausing” advertising […]
Bitcoin’s trading has become ‘boring’ — but that’s not necessarily a bad thing
(CNBC) Bitcoin’s lack of volatility lately isn’t a bad thing and could actually point to signs of a “bottoming out” in prices, analysts and investors told CNBC. Digital currencies have fallen sharply since a scorching run in 2021 which saw […]
Big Tech falters on dreary earnings and forecasts for Q4— Meta has worst week ever, Amazon tumbles 13%
(CNBC) Other than Apple, last week was a brutal earnings week for Big Tech. Alphabet, Amazon, Meta and Microsoft combined lost over $350 billion in market cap after offering concerning commentary for the third quarter and the remainder of the […]
The biggest tech stocks have lost $3 trillion in market cap over the last year
(CNBC) So here’s a good trivia question: Of the “FAANG” megacap tech stocks, which has lost the most market value over the past year? Amid the earnings-related bloodbath so far this week, there have been huge losses. Alphabet, Microsoft and […]
Nasdaq futures fall after weak Amazon guidance adds pressure to tech rout
(CNBC) Nasdaq 100 futures were lower Friday after disappointing Amazon earnings added to the already pressured index. Futures tied to the Nasdaq dropped 0.84% Dow Jones Industrial Average futures were fractionally lower and S&P 500 futures lost 0.53%. Amazon led […]
Elon Musk now in charge of Twitter, CEO and CFO have left, sources say
(CNBC) Tesla CEO Elon Musk is now in charge of Twitter, CNBC has learned. Twitter CEO Parag Agrawal and finance chief Ned Segal have left the company’s San Francisco headquarters and will not be returning, sources said. Vijaya Gadde, the […]
Meta shares plunge 24% to the lowest price since 2016
CNBC)Shares of Meta plunged 24.5% Thursday as investors and analysts digested the company’s third-quarter earnings miss and a weak fourth-quarter outlook. Shares closed at $97.94, the lowest price since 2016. The parent company of Facebook reported quarterly revenue of $27.7 […]
Dogecoin surges 35% as Elon Musk’s Twitter deal approaches close
(CNBC) Dogecoin, the cryptocurrency branded after a viral dog meme from 2013, is up 35% since Monday as Elon Musk’s deal to buy Twitter approaches a close. The price of the token often moves in lockstep with comments made by […]
Amazon stock sinks 13% on weak fourth-quarter guidance
(CNBC) Amazon said it expects to post fourth-quarter revenue between $140 billion and $148 billion, representing year-over-year growth of 2% to 8%. Analysts were expecting sales to come in at $155.15 billion, according to Refinitiv. Revenue grew 15% in the […]
Credit Suisse posts huge third-quarter loss as it announces major strategic overhaul
(CNBC) Credit Suisse on Thursday posted a quarterly loss that was significantly worse than analyst estimates, as it announced a massive strategic overhaul. The embattled lender posted a third-quarter net loss of 4.034 billion Swiss francs ($4.09 billion), compared to […]