Category Archives: Syndicated

Nvidia posts revenue up 265% on booming AI business

(CNBC) Nvidia reported fourth fiscal quarter earnings that beat Wall Street’s forecast for earnings and sales, and said revenue during the current quarter would be better than expected, even against elevated expectations for massive growth. Nvidia shares rose about 10% […]

AI and semiconductor stocks surge after Nvidia’s earnings beat

(CNBC) Artificial intelligence and semiconductor chip stocks rallied after U.S. chip design firm Nvidia beat Wall Street’s expectations for fourth-quarter earnings and revenue on Wednesday and projected “continued growth” in 2025 and beyond. Nvidia supplier Taiwan Semiconductor Manufacturing Company jumped […]

Nasdaq 100 futures slip after major averages incur back-to-back losses: Live updates

(CNBC) U.S. stock futures ticked down Tuesday night after the major averages incurred a second day of losses, fueled by a decline in Nvidia .Nasdaq 100 futures shed 0.2%. Futures tied to the Dow Jones Industrial Average slipped just 25 […]

Nvidia bets bring big hedge fund gains

(Hedgeweek) Well-timed decisions to increase bets on chipmaker Nvidia towards the end of last year positioned a number of big-name hedge funds, including Arrowstreet Capital and Bridgewater Associates, to generate big gains as the company’s stock continued to soar in […]

Arkhouse makes Macy’s Director nominations

(Hedgeweek) Hedge fund Arkhouse Management has nominated a slate of nine individuals to stand for election as Directors to the board of US department store Macy’s after the retailer rejected a $5.8bn take-private offer from the investment firm, according to […]

Hedge funds upped Asia stock purchases ahead of China rate cut

(Hedgeweek) Hedge funds upped their purchases of stocks in a number of Asian emerging markets including China Korea, Taiwan and India, in the week ending 15 February, just ahead of a cut in China’s benchmark mortgage rate, according to a […]

Hedge fund Lingjun hit with stock exchange restrictions over “abnormal trading”

(Hedgeweek) rading by hedge fund Lingjun Investment has been temporarily restricted by two Chinese stock exchanges because of what they described as “abnormal trading” by the quant-driven firm, according to a report by Reuters. To read this article:

Jeff Bezos unloads around $2.4 billion in Amazon stock, bringing recent sales to 50 million shares

(CNBC) The sales began late last week and continued through Tuesday, according to a securities filing. In total, Bezos sold 14,006,906 shares in the company for about $2.4 billion, the filing states. The sales were executed under a prearranged trading […]

Woman drops lawsuit against Apollo Management Co Founder alleging rape at Jeffrey Epstein mansion

(CNBC) The suit by the woman, Cheri Pierson, was “discontinued with prejudice and without costs to any party,” according to a Manhattan Supreme Court filing. That notation means that Pierson cannot resurrect her legal claims against the billionaire investor Black […]

Walmart will report earnings before the bell. Here’s what to expect

(CNBC) As the nation’s largest retailer and private employer, Walmart often serves as a barometer for how consumers feel about their finances and how they are managing challenges like elevated grocery prices. The company will also kick off the major […]

S&P 500 futures are little changed as investors look to holiday-shortened trading week: Live updates

(CNBC) S&P 500 futures are near flat Monday night as the market comes off its first losing week in more than a month. Futures tied to the S&P 500 slid 0.1%, while Nasdaq 100 futures were near flat. Futures tied […]

Capital One to acquire Discover Financial Services in $35.3 billion all-stock deal

(CNBC) Under the agreement, Discover shareholders would receive 1.0192 Capital One shares for each Discover share or about a 26% premium from Discover’s Friday closing price of $110.49. The companies said they expect the deal to close in late 2024 […]