(CNBC) Tesla just reported first-quarter earnings for 2022 and beat analysts’ expectations on the top and bottom lines. Here are the key numbers. Earnings per share: $3.22 vs $2.26 expected Revenue: $18.76 billion vs $17.80 billion expected Shares rose as […]

(CNBC) Melvin Capital, the embattled hedge fund run by its once high-flying founder Gabe Plotkin, has been discussing a novel plan with its investors under which the firm would return their capital, while giving them the right to reinvest that […]

(CNBC) Stock futures rose in overnight trading as investors digested more quarterly reports from the likes of Tesla and United Airlines. Futures on the Dow Jones Industrial Average added about 70 points, or 0.2%. S&P 500 futures ticked up 0.3% […]

(CNBC) San Francisco Federal Reserve President Mary Daly acknowledged Wednesday that a near-certain series of interest rate hikes over the coming months could tip the economy into a shallow recession, though she noted that isn’t her expectation. Responding to the […]

(CNBC) Netflix on Tuesday reported a loss of 200,000 subscribers during the first quarter — its first decline in paid users in more than a decade — and warned of deepening trouble ahead. The company’s shares cratered more than 25% […]

(CNBC) IBM shares rose 3% in extended trading on Tuesday after the technology services company issued first-quarter results that beat expectations. Here’s how the company did: Earnings: $1.40 per share, adjusted, vs. $1.38 per share as expected by analysts, according […]

(CNBC) Bank of America CEO Brian Moynihan said that Americans are spending heartily, even as inflation continues to roil the economy. “In the month of March ’22 versus March ’21, the consumer … spent about 13% more than they did […]

(CNBC) “Tribalism” around bitcoin and other cryptocurrencies is holding back the entire $2 trillion market, according to the boss of blockchain firm Ripple. “Polarization isn’t healthy in my judgement,” Ripple CEO Brad Garlinghouse said in a chat at Paris Blockchain […]

(Hedgeweek) For start-up and emerging managers, successfully launching and running a hedge fund is trickier than ever before. As markets ebb and flow, the level of support provided by prime brokers in the early stages remains critical. To read this article:

(Opalesque) Global private debt funds secured $33bn of capital through 22 funds in Q1 2022, a softer quarter compared to Q1 2021, which saw $43bn raised by 59 funds, said a study. According to Preqin’s Private Debt Quarterly Report, this […]

(Associated Press) Dave McCormick earned more than $22 million last year as CEO of Bridgewater Associates the world’s largest hedge fund, a job he quit to run for U.S. Senate in Pennsylvania, according to a financial disclosure form that offered […]

(CNBC) Private equity firm Apollo Global Management has held discussions about financing a potential takeover for Twitter, according to sources familiar with the matter. But Apollo isn’t interested in being part of a private equity consortium that would acquire the […]