Category Archives: Syndicated
Stock futures flat after S&P 500 posts best day since November:
(CNBC) U.S. stock futures were flat early Thursday after the S&P 500 posted its best day since November, on the back of a tame inflation report and blowout bank results. Traders are also looking ahead to more big bank earnings. Dow Jones […]
Goldman Sachs CEO Solomon says IPO market is ‘going to pick up’
(CNBC) Goldman Sachs CEO David Solomon says there’s an end in sight to the multi-year IPO drought. “It’s going to pick up,” Solomon said on Wednesday, in an on-stage interview with Cisco CEO Chuck Robbins at a summit hosted by the computer networking […]
TSMC fourth-quarter results top expectations, net profit surges 57%
(CNBC) Taiwan Semiconductor Manufacturing Company’s fourth-quarter revenue and profit beat expectations, as demand for advanced chips used in artificial intelligence applications continued to surge. Net revenue: 868.46 billion New Taiwan dollars ($26.36 billion), vs. NT$850.08 billion expected. To read this article:
TikTok’s U.S. operations could be worth as much as $50 billion
(CNBC) Business moguls such as Elon Musk should be prepared to spend tens of billions of dollars for TikTok’s U.S. operations should parent company ByteDance decide to sell. TikTok is staring at a potential ban in the U.S. if the Supreme Court decides to […]
Inflation, geopolitics top hedge fund concerns, report finds
(Hedgeweek) Inflation or deflation and geopolitical issues are considered the top two risks facing hedge funds from a ranked list of ten, according to hedge fund executives surveyed by Beacon Platform. This is followed by exchange rates and asset class volatility, […]
U.S. stock futures are little changed as investors brace for key consumer inflation report:
(CNBC) Stock futures hovered near the flatline on Tuesday night as traders looked ahead to the release of December’s consumer price index, a key gauge of inflation. Futures tied to the Dow Jones Industrial Average rose 37 points, or nearly 0.1%. S&P […]
Meta announces 5% cuts in preparation for ‘intense year’ — read the internal memo
(CNBC) CEO Mark Zuckerberg informed employees about the decision to “move out low performers faster” in a memo posted on the company’s internal Workplace forum on Tuesday. Zuckerberg told employees 2025 will “be an intense year.” The company specified that it is […]
Goldman Sachs, Morgan Stanley report shift ahead of jobs data
(Hedeweek) Global hedge funds ramped up their bets against US stocks in the week leading up to 9 January, anticipating a strong US jobs report that triggered a Wall Street sell-off, according to a report by Reuters citing notes from […]
SEC sues Elon Musk, alleging failure to properly disclose Twitter ownership
(CNBC) The SEC filed a lawsuit against Elon Musk on Tuesday, alleging the billionaire committed securities fraud in 2022 by failing to disclose he had amassed an active stake in Twitter, a secrecy that allowed him to buy shares at “artificially low prices.” Prior […]
Intel to spin off venture capital arm as chipmaker continues to restructure
(CNBC) Intel said Tuesday that it plans to spin off Intel Capital, its venture capital wing, into an independent firm, the latest in a series of structural changes announced by the chipmaker. Turning Intel Capital, which has $5 billion in assets, […]
Budget deficit rose in December and is now 40% higher than it was a year ago
(CNBC) The federal budget sank further into red ink during December, leaving the first fiscal quarter deficit nearly 40% higher than it was the prior year. For the final calendar month of 2024, the shortfall totaled $86.7 billion, which actually […]
Digital assets record modest inflows
(Hedgeweek) Digital asset investment products recorded modest inflows of $48m last week, according to the latest Digital Asset Fund Flows Weekly Report from CoinShares. To read this article:
