Category Archives: Syndicated
CVS shares up nearly 2% on news of Glenview meeting
(Hedgeweek) CVS Health Corp saw it stock price climb by 1.7% on Monday after news broke of planned a meeting between the healthcare giant and its major hedge fund investor, Glenview Capital Management, according to a report by MorningStar. To […]
Stock futures are flat after S&P 500 closes at a record to end winning September:
(CNBC) Stock futures were little changed on Tuesday morning, after the S&P 500 closed at a record to end September. Futures tied to the Dow Jones Industrial Average ticked down 27 points, or about 0.06%. S&P 500 futures inched lower by 0.06%, while Nasdaq 100 […]
Bitcoin sinks after last week’s rally but still posts a winning September
(CNBC) Bitcoin and crypto stocks retreated on the final trading day of September, following a rally last week, but the cryptocurrency still posted a winning month. The price of bitcoin was last lower by 3.7% at $63,451.12, after briefly reclaiming the […]
AI chipmaker Cerebras files for IPO to take on Nvidia
(CNBC) Artificial intelligence chip startup Cerebras Systems on Monday filed its prospectus for an initial public offering, with plans to trade under the ticker symbol “CBRS” on the Nasdaq. Cerebras competes with Nvidia, whose graphics processing units are the industry’s choice […]
Longshoremen walking off job from New England to Texas, stranding billions in trade
(CNBC) Billions in trade came to a screeching halt at U.S. East Coast and Gulf Coast ports after members of the International Longshoremen’s Association (ILA) began walking off the job after 12:01 a.m. ET on October 1. The ILA is […]
Glenview wants operational improvements at CVS Health
(Hedgeweek) Glenview Capital Management, the $2.5bn healthcare-focused hedge fund founded by Larry Robbins, is set to meet with senior executives of CVS Health on Monday to suggest strategies for improving the company’s operations, according to a report by The Wall […]
Elliott affiliate’s $7.3bn bid wins Citgo auction
(Hedgeweek) An affiliate of activist investment firm Elliott Investment Management, Amber Energy Inc, has emerged as the leading bidder in the auction for Citgo Petroleum Corp’s parent company with a $7.3bn offer, according to a report by Bloomberg. To read […]
Cybersecurity firm Proofpoint considers pre-IPO funding as it plots a return to public markets
(CNBC) Privately-held cybersecurity firm Proofpoint is exploring tapping external investors for pre-IPO financing and the consideration of mergers and acquisitions of smaller cyber companies as it seeks a return to public markets in 2026, CEO Sumit Dhawan told CNBC. “We […]
Stock futures are little changed to kick off final session of a strong month and quarter: Live updates
(CNBC) U.S. stock futures were flat to kick off the final trading session of September after the major averages rose to their third consecutive week of gains. Futures tied to the Dow Jones Industrial Average traded near the flatline. S&P 500 futures added […]
Elliott eyes special shareholder meeting in bid to oust Southwest CEO
(Hedgeweek) Activist investor Elliott Investment Management has intensified its campaign against Southwest Airlines , announcing plans to call a special shareholder meeting as early as next week in a push for significant leadership change at the airline, including the removal […]
Trump Media shareholder UAV dumped nearly 11 million shares
(CNBC) United Atlantic Ventures, a significant shareholder in Trump Media, has sold nearly 11 million shares in the company, according to a regulatory filing Thursday, weeks after a federal judge cleared the way for the transaction. The move left UAV — an investment partnership of former “Apprentice” […]
OpenAI CFO tells investors funding round should close by next week despite executive departures
(CNBC) OpenAI CFO Sarah Friar is looking to reassure its investors that the richly valued artificial intelligence startup is still in a strong position and is poised to close a big funding round soon, despite losing top talent this week. […]