(Hedgeweek) Activist hedge fund firm Elliott Investment Management has intensified its campaign against Southwest Airlines, criticising the airline’s board for adopting a “poison pill” strategy and appointing a new director, according to a report by Skift. To read this article:

(Hedgeweek)Hedge funds posted mixed performance in June as election and political risks surged throughout Asia, Europe and the US, with European and Asian central banks cutting interest rates despite inflationary pressures, and gains in US large cap tech stocks hitting […]

(CNBC) UiPath, a developer of automation software, is cutting 10% of its workforce, or about 420 jobs, as part of a broader restructuring, the company said in filing with the SEC on Tuesday. Most of the layoffs will be implemented by the […]

(Hedgeweek) Digital asset funds saw inflows totalling US$441m last week, with recent price weakness prompted by Mt Gox and the German Government selling pressure likely being seen as a buying opportunity, according to the latest Digital Assets Fund Flows Weekly […]

(CNBC) Hackers more than doubled their cryptocurrency spoils in the first half of 2024 compared with a year ago, a report from blockchain research firm TRM Labs showed. The new report said hackers looted crypto valued at $1.38 billion between Jan. 1 […]

(CNBC) U.S. stock futures were little changed Monday night after the S&P 500 and Nasdaq Composite closed at fresh record highs. Dow Jones Industrial Average futures rose 39 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures climbed 0.12% […]

(Hedgeweek) Hedge funds that bet against Tesla have been hit hard by a substantial rally in the company’s share price, with 18% of over 500 hedge funds tracked by Hazeltree holding short positions in Tesla by the end of June, […]

(Hedgeweek) Former Goldman Sachs analyst and cryptocurrency hedge fund boss Murad Mahmudov has openly criticised Ripple-promoted XRP and Cardano’s ADA, labelling them as “cult meme coins” in a post on social media platform X, according to a report by ZyCrypto. […]

(CNBC) For weeks now, Germany’s government has been selling hundreds of millions of dollars worth of bitcoin — and it’s been a key factor behind the cryptocurrency’s intense sell-off. Last month, the German government began selling bitcoin from a wallet […]

(CNBC) Corning shares closed up 12% Monday after the company raised its second-quarter guidance, marking the stock’s best trading day since March 2020. The company, known for developing the Gorilla Glass used for Apple iPhones and other phones, credits the outperformance to demand for its optical […]

(CNBC) Paramount Global has agreed to merge with Skydance, capping off a monthslong negotiation, in a deal that would see the Redstone family step away from control of the storied movie studio and media company. Paramount’s special committee signed off on […]

(CNBC) Stock futures edged lower Sunday night as investors await key inflation data for further clues on the longevity of this year’s market rally. Earnings from some major financial giants and consumer companies are also on the docket. S&P futures were down […]