Category Archives: Syndicated

Stock futures are little changed as Wall Street heads for a winning week

(CNBC) Stock futures are near flat Thursday night as investors looked toward the end of a week that has ushered in a recovery rally. Dow Jones Industrial Average futures added 52 points, or 0.1%. S&P 500 futures and Nasdaq 100 […]

Judge approves review of $30m in bonus payments made to Weiss execs

(Hedgeweek) A comprehensive review of payments made to George Weiss and other executives at Weiss Multi-Strategy Advisers before the hedge fund’s bankruptcy earlier this year has been given the green light by a federal court judge following a request from […]

Warren Buffett did something curious with his Apple stock holding

(CNBC) A coincidence or master plan? Warren Buffett now owns the exact same number of shares of Apple as he does Coca-Cola after slashing the tech holding by half. Many Buffett followers made the curious observation after a regulatory “13-F” filing Wednesday night revealed Berkshire Hathaway’s equity […]

Increasing numbers of investors planning to cut hedge fund allocations

(Hedgeweek) The number of institutional investors planning to reduce their portfolio exposure to hedge funds is on the increase, according to alternative investment data and insight provider Preqin’s Investor Outlook H2 2024 report. To read this article:

Goldman Sachs jumps into bitcoin ETFs and one hedge fund gets bullish on miners

(CNBC) Earlier this week, banks and hedge funds with more than $100 million in assets hit a deadline to file their second-quarter 13F reports, disclosing their investments and what they bought and sold over a three-month stretch. Goldman Sachs went big […]

Pershing Square makes first new stock bets in over a year with Nike and Brookfield wagers

(Hedgeweek) Pershing Square Capital Management, the hedge fund firm led by Bill Ackman, added new companies to its investment portfolio for the first time in over a year in the second quarter of 2024, with wagers on Nike and Brookfield, […]

Stock futures edge higher Wednesday night as investors ride this week’s rebound momentum

(CNBC) Stock futures climbed slightly higher Wednesday evening as investors gained confidence in signs of easing inflation. Futures tied to the Dow Jones Industrial Average rose 28 points, or about 0.05%. S&P futures hovered above the flatline, while Nasdaq 100 futures added nearly 0.1%. Encouraging […]

Starbucks is giving incoming CEO Brian Niccol $85 million in cash and stock as he departs Chipotle

(CNBC) Starbucks offered incoming CEO and Chair Brian Niccol a pay bump and hefty one-time awards to lure him from his prior role as chief executive at Chipotle Mexican Grill. Niccol officially takes the reins at the embattled coffee chain on Sept. […]

Cisco cutting 7% of workforce, reports earnings and revenue beat for quarter

(CNBC) Cisco said in a filing that it’s implementing a restructuring plan that will result in $1 billion in pretax charges to its financial results and will “allow it to invest in key growth opportunities and drive more efficiencies in its business.”  […]

Schumer says a crypto bill can pass Senate this year;

(CNBC) Senate Majority Leader Chuck Schumer said Wednesday that he believes the Senate can realistically pass a bipartisan crypto regulation bill before the end of the year, giving fresh hope to an industry that has been stuck in legislative limbo […]

Pershing Square hit by Chipotle sell-off

(Hedgeweek)Pershing Square Capital Management, the hedge fund firm founded by Bill Ackman, is facing losses from its holding in Chipotle after the burrito chain’s stock tumbled on Tuesday on news that CEO Brian Niccol was jumping ship to Starbucks, according […]

Stock futures are little changed ahead of key inflation report on Wednesday: Live updates

(CNBC) Stock futures were mostly flat on Tuesday evening as Wall Street looks to keep a strong start to the week going with a key inflation report on deck. Futures tied to the Dow Jones Industrial Average dipped 22 points, or less […]