(Hedgeweek) South Korea has lost its appeal against a ruling that ordered the country to pay more than $100m to US hedge fund Elliott Management, according to a report by Reuters. The dispute centres on the 2015 merger of two […]

(Hedgeweek) Goldman Sachs has revealed that hedge fund allocations to China have reached their lowest level in five years, amid heightened investor apprehensions about the country’s economic prospects and regulatory landscape, according to a report by Reuters. To read this […]

(Hedgeweek) Pershing Square has abruptly cancelled the IPO of Pershing Square USA, just days before it was set to debut on the New York Stock Exchange, and months after founder Bill Ackman suggested it would be one of the largest […]

CNBC) Intel shares slid as much as 20% in extended trading on Thursday after the chipmaker said it would lay off over 15% of its employees as part of a $10 billion cost-reduction plan and reported lighter results than analysts had […]

(CNBC) Amazon reported weaker-than-expected revenue for the second quarter on Thursday and issued a disappointing forecast for the current period. The shares slid as much as 6% in extended trading. To read this article:

(Hedgeweek) SEI and Canoe Intelligence have launched a new integration aimed at family offices, automating the transmission of private equity and hedge fund valuations as well as private equity call and distribution data, via the SEI Archway Platform. To read […]

(CNBC) Net sales lost 46.5% year-on-year, while net profit fell 55.3%. Nintendo sold 2.1 million units of its flagship Switch consoles, down 46% on the year. Investors are looking out for news surrounding a successor to Nintendo’s ageing but highly […]

(CNBC) Snap said third-quarter revenue will be between $1.335 billion and $1.375 billion, or $1.355 billion in the middle of the range. Analysts were expecting $1.36 billion. The company expects adjusted earnings of $70 million to $100 million, trailing the […]

(Hedgeweek) Hedge funds, which have been heavily concentrated in the so-called “Magnificent Seven” tech stocks, are now gradually reducing their exposure to these high-flying companies, according to a report by the Financial Times citing analysis by Goldman Sachs. To read […]

(CNBC) Stock futures rose in overnight trading Wednesday as investors weighed the latest corporate earnings reports, including strong results from Meta Platforms. S&P 500 futures gained 0.5%, while Nasdaq-100 futures jumped nearly 0.9%. Futures tied to the Dow Jones Industrial Average added 65 points, or […]

(CNBC)Meta provided revenue guidance for the third quarter of $38.5 billion to $41 billion, or $39.75 billion at the middle of the range. Analysts were expecting a forecast of of $39.1 billion. The Facebook parent reported second-quarter revenue growth of […]

(CNBC) Bill Ackman’s Pershing Square USA withdrew plans for an initial public offering after investor demand appeared to wane from original expectations. But the hedge fund titan said he would be back with a revised plan for the offering for […]