(Hedgeweek) China’s quantitative hedge funds, which have consistently outperformed in recent years, are struggling to keep up as the government’s recent economic stimulus has triggered a surge in local stocks that has strained their models and short positions, according to […]

(CNBC) Berkshire Hathaway’s monstrous cash pile topped $300 billion in the third quarter as Warren Buffett continued his stock-selling spree and held back from repurchasing shares. The Omaha-based conglomerate saw its cash fortress swell to a record $325.2 billion by […]

(CNBC) British oil giant Shell on Thursday posted a small year-on-year drop in third-quarter profit as a sharp decline in crude prices and lower refining margins were partially offset by higher gas sales. The energy company reported adjusted earnings of $6 billion […]

(CNBC) Executives at America’s largest companies are talking publicly with investors about the presidential election more so than in recent cycles. The word “election” came up on 100 earnings calls of S&P 500-listed firms between Sept. 15 and Oct. 31, according […]

(Hedgeweek) Global hedge funds are heading into the US presidential election with significantly higher equity leverage in their portfolios than at the start of the year, signalling an increased appetite for risk, according to a report by Bloomberg. To read […]

(Hedgeweek) Toronto-headquartered legal technology company Dye & Durham has appointed Luke McCormick to its board of directors with immediate effect. The appointment is in line with its cooperation agreement with activist hedge fund firm Blacksheep Fund Management. To read this […]

(CNBC) Nasdaq 100 futures advanced Thursday night as traders analyzed major earnings reports in the runup to the all-important jobs report. Futures tied to the tech-focused index added 0.3%. Dow Jones Industrial Average futures climbed 83 points, or 0.2%. S&P 500 futures ticked up 0.3% […]

(Hedgeweek) Hedge fund Walleye Capital has dismissed five portfolio managers, including Global Macro Head Anuraj Dua, as part of a new wave of job cuts, according to a report by Bloomberg citing unnamed sources familiar with the matter. To read […]

(Hedgeweek) Pfizer CEO Albert Bourla has defended the drugmaker’s turnaround strategy in response to criticism from activist hedge fund firm Starboard Value, after reporting stronger-than-expected quarterly profits on the back of robust sales of its Covid-19 treatment Paxlovid, according to […]

(CNBC) Apple’s fiscal fourth-quarter results beat Wall Street expectations for revenue and earnings per share, but net income slumped after the company paid a one-time charge as part of a tax decision in Europe. Overall iPhone revenue grew 6%, in […]

(CNBC) Intel shares rose 7% in extended trading Thursday after the chipmaker reported better-than-expected earnings and issued quarterly guidance that topped estimates. Intel’s revenue declined 6% year over year in the fiscal third quarter, which ended Sept. 28. The company registered […]

(CNBC) Chevron beat third-quarter earnings and revenue expectations, returning a record amount of cash to shareholders. The oil major’s quarterly profit, however, declined substantially compared to the year-ago period due to lower margins on refined product sales, lower prices and the […]