Category Archives: Syndicated

Elon Musk will owe Twitter $1 billion if he can’t secure financing

(CNBC) Elon Musk, CEO of SpaceX and Tesla, could be required to pay Twitter a termination fee of $1 billion, under some circumstances, such as if Musk fails to secure enough debt funding to complete his $44 billion deal to […]

Microsoft earnings beat across the board, stock up on outlook

(CNBC) Microsoft shares surged as much as 6% in extended trading on Tuesday after the software maker issued fiscal third-quarter earnings that exceeded analysts’ expectations and an optimistic outlook for the current quarter. Here’s how the company did: Earnings: $2.22 […]

Alphabet reports weak earnings and revenue on big YouTube miss

(CNBC) Alphabet reported weaker-than-expected earnings and revenue for the first quarter on Tuesday. The stock slid about 3% in extended trading. Here are the results: Earnings per share (EPS): $24.62 per share, vs. $25.91 expected, according to Refinitiv Revenue: $68.01 […]

Alphabet announces $70 billion buyback

(CNBC) Alphabet said on Tuesday that its board of directors authorized $70 billion in share repurchases, a major step up from last year’s authorization of $50 billion and authorization of $25 billion in 2019. The announcement on Tuesday is a […]

Stock futures are mixed as investors consider Tuesday’s sharp losses, earnings reports

(CNBC) U.S. stock futures were mixed on Tuesday night after the major averages continued their April sell-off amid concerns of an economic slowdown, and Wall Street considered earnings that came in after the bell. Dow Jones Industrial Average futures rose […]

UBS beats expectations for the first quarter; continues to reduce Russia exposure

(CNBC) UBS has beat expectations for the first quarter of 2022 and said it has further reduced its exposure to Russia. The Swiss bank on Tuesday reported net profit attributable to shareholders of $2.136 billion, above forecasts compiled by the bank […]

Twitter accepts Elon Musk’s buyout deal

(CNBC) Twitter’s board has accepted an offer from billionaire Elon Musk to buy the social media company and take it private, the company announced Monday. The stock closed up 5.64% for the day after it was halted for the news. […]

Twitter CEO tells employees company is in the dark over future under Musk

(CNBC) Twitter Chief Executive Parag Agrawal told employees on Monday that the future of the social media firm is uncertain after the deal to be taken private under billionaire Elon Musk closes. He was speaking during a company-wide town hall meeting that was heard by Reuters. To read this […]

Dow stages big reversal Monday, closing up by more than 200 points

(CNBC) The Dow Jones Industrial Average cut a nearly 500-point intraday loss Monday as technology names like Microsoft rallied amid falling interest rates. The blue-chip average rose 238.06 points, or 0.7%, to 34,049.46. The index was down as much as […]

Nasdaq futures are slightly lower ahead of Big Tech earnings

(CNBC) Nasdaq 100 futures fell slightly Monday evening after stocks bounced in the afternoon and ahead of Big Tech earnings. Futures tied to the tech focused index fell 0.1%. Dow Jones Industrial Average futures and S&P 500 futures were little […]

Investor allocations to hedge funds hit highest level since 2015, says HFR

(Hedgeweek) Institutional investors allocated the largest amount of new capital to hedge funds since 2015 in Q1 2022, as Macro funds lead industry performance through extreme volatility driven by generational inflation, interest rate increases and expectations for multiple increases in […]

The sliding stock market is headed for a loaded week of tech earnings and economic data

(CNBC) A rough April for Wall Street has seen the S&P 500 slide for three straight weeks, and now investors will grapple with a loaded slate of earnings reports and key inflation data.  Rising interest rates and persistently high inflation […]