(CNBC) OpenAI gained popularity in late 2022 after releasing ChatGPT, a chatbot that can answer user questions in a manner that sounds like a human. The company also has tools that can generate images and videos from text prompts. OpenAI […]

(CNBC) S&P 500 futures inched higher early Friday after investors regained some ground from this week’s sell-off. Futures tied to the broad-market index inched higher by about 0.16%, while Nasdaq 100 futures rose about 0.28%. Futures tied to the Dow Jones Industrial Average inched up […]

(Hedgeweek) Recent market turbulence has propelled Brevan Howard Asset Management’s flagship hedge fund, the $12bn Brevan Howard Master Fund, into profit for the year, reversing earlier losses, according to a report by Bloomberg. To read this article:

(CNBC) Cryptocurrencies resumed their rebound from their big sell-off earlier in the week, with bitcoin topping $60,000 late Thursday. The price of the flagship cryptocurrency was last higher by 11% at $61,232.36, according to Coin Metrics, rising above the $55,000 floor that has […]

((Hedgeweek) Hedge funds gained in July as recession fears mounted and volatility spiked into month-end, preceding an historic equity market drop to begin August, sparked partly by a steep decline in large cap tech equities, according to HFR. To read […]

(CNBC) The company’s shares were down roughly 9% in aftermarket trading. Warner Bros. Discovery reported the non-cash goodwill impairment charge, which was triggered by the reevaluation of the book value of the TV networks segment. The book value was higher than […]

(Hedgeweek) Greg Coffey, the renowned Australian hedge fund manager whose performance record earned him the nickname the “Wizard of Oz,” has emerged as a major winner amid this month’s market sell-off, according to a report by the Financial Times citing […]

(CNBC) Stock market futures dipped on Wednesday evening as Wall Street sought to stabilize following several dramatic swings in recent days. Futures tied to the Dow Jones Industrial Average lost 112 points, or about 0.3%. S&P 500 futures slipped 0.5%, while Nasdaq 100 futures fell 0.7%. […]

(CNBC) JPMorgan Chase CEO Jamie Dimon said Wednesday he still believes that the odds of a “soft landing” for the U.S. economy are around 35% to 40%, making recession the most likely scenario in his mind. When asked Dimon if he had changed his […]

(Hedgeweek)As global markets tumbled in mid-July, some of the world’s largest equity hedge funds, including Light Street Capital Management, Pershing Square Capital Management, suffered significant losses, having invested heavily in popular tech company stocks that led the downturn, according to […]

(Hedgeweek) Having suffered a record 3.7% loss on Monday amid market turmoil prompted by disappointing US jobs data and last week’s Bank of Japan rate hike, Japan-focused hedge funds bounced back with their best ever single-day returns, according to a […]

(Hedgeweek) Vista Equity Partners has told investors that it has decided to wind down its hedge fund and related feeder funds due to a significant “structural shift” in markets favouring private assets, according to a report by Bloomberg. To read […]