Category Archives: Syndicated
Fund manager reveals what needs to change to invest in luxury stocks
(CNBC) A slump in Chinese consumer confidence is holding Sanlam investments’ Hannah Gooch-Peters back from buying luxury stocks like LVMH. Speaking to CNBC’s Silvia Amaro, the portfolio manager said she would need a “larger margin of safety” before investing in the […]
Stock futures tick higher as traders await key inflation readings this week:
(CNBC) Stock futures rose on Tuesday morning, as investors braced themselves for the first of two inflation readings due this week. Futures tied to the Dow Jones Industrial Average gained 90 points, or about 0.21%. S&P 500 futures advanced 0.34%, while Nasdaq 100 futures climbed 0.5%. […]
Two Sigma Founders enter arbitration over fund direction
(Hedgeweek) John Overdeck and David Siegel, the billionaire Co-Founders of Two Sigma Investments, are set to enter arbitration following a long-running dispute over the future direction of the quantitative hedge fund, according to a report by Reuters. To read this […]
Point72 to return $5bn after strong 2024 gains
(CNBC) Point72 Asset Management, owned by billionaire Steve Cohen, plans to return between $3bn and $5bn to investors after achieving significant profits, according to a report by Bloomberg. To read this article:
Robinhood Charged with securities violations, and a $45 million penalty
(CNBC) Two Robinhood broker-dealers agreed to pay $45 million in combined penalties to settle administrative charges by the Securities and Exchange Commission that they violated more than 10 separate securities law provisions related to their brokerage operations. To read this article:
Quantum stocks sell-off accelerates as Zuckerberg tempers sector enthusiasm
(CNBC) Quantum computing stocks sold off Monday after Meta Platforms CEO Mark Zuckerberg cautioned that uses for computers with these capabilities remain years away. “I’m not really an expert on quantum computing, but my understanding is that’s still quite a […]
The UK wants to do its ‘own thing’ on AI regulation, suggesting a divergence from U.S. and EU
(CNBC) The U.K. says it wants to do its “own thing” when it comes to regulating artificial intelligence, hinting at a possible divergence from approaches taken by its main Western peers. “It’s really important that we as the U.K we […]
Microsoft CEO forms new AI group to build and run apps
(CNBC) Microsoft is forming a new group focused on developing AI apps and providing tools for third-party customers, the company announced Monday. The new group will be led by Jay Parikh, the former CEO of cybersecurity startup Lacework and former global […]
Stock futures tick lower as Wall Street gears up for key economic data
(CNBC) Stock futures were ticked lower early Monday as investors look toward a data-heavy week, which includes the December report on U.S. inflation and big bank earnings. Futures tied to the Dow Jones Industrial Average lost 81 points, or 0.19%. S&P 500 futures dipped […]
Mark Zuckerberg slams Apple on its lack of innovation
(CNBC) Meta CEO Mark Zuckerberg slammed rival tech giant Apple for lackluster innovation efforts and “random rules” in a lengthy podcast interview. “On one hand, [the iPhone has] been great, because now pretty much everyone in the world has a phone, “But on the other […]
The criminal question in the coming wave of pro-crypto legislation
(CNBC) With the levers of power in Washington, D.C., about to change hands, a raft of pro-crypto legislation is expected from Congress and the Trump administration. To date, there’s been less focus on the cybersecurity side of the political effort, which could […]
Britain builds homegrown rival to OpenAI in bid to become world leader in AI
(CNBC) The U.K is looking to build a homegrown challenger to OpenAI and drastically increase national computing infrastructure, as Prime Minister Keir Starmer’s government sets its sights on becoming a global leader in artificial intelligence. To read this article:
