Monthly Archives: January 2024

(CNBC) AMD shares rose over 1% during trading on Thursday to reach its highest-ever closing price, $162.67, while Nvidia, rose just under 2% to $571.07. Both companies have notched double-digit percentage gains to start the year after an explosive 2023 […]

(CNBC) The move in bitcoin weighed on crypto-related stocks, too. Coinbase and MicroStrategy ended the trading day down 7% and 2%, respectively. Miners CleanSpark and Marathon Digital lost more than 6% each, while Riot Platforms fell 5% and Iris Energy […]

(Hedgeweek) Bobby Jain’s new multi-manager hedge fund firm Jain Global may come up short in its bid to be crowned the industry’s largest ever launch, with the fund struggling to reach its original $8bn to $10bn fundraising target, according to […]

(Hedgeweek) Activist investor Nelson Peltz, a co-founder of hedge fund Trian Partners, has failed to present “a single strategic idea” to Walt Disney throughout two years of campaigning for a seat on the board of the entertainment giant, according to […]

(Hedgeweek) Light Street Capital, a California-based alternative investment firm focused on equity investments in the technology and media sectors, posted a 46% gain for its Mercury hedge fund in 2023, according to a report by Reuters. To read this article:

(CNBC) In a memo to the staff, Pichai said company leadership is gearing up to share its AI goals for the year this week and will publish its 2024 OKRs (objectives and key results).“The reality is that to create the […]

(CNBC) TSMC reported revenue slipped 1.5% from a year ago to NT$625.53 billion, while net income dropped 19.3% from a year ago to NT$238.71 billion. That compares with TSMC’s guidance for fourth-quarter revenue between $18.8 billion and $19.6 billion. TSMC counts  […]

(Hedgeweek) The launch of bitcoin spot trading ETFs in the US helped digital asset investment products to $1.18bn of inflows last week – subject to T+2 settlement – although this did not break the record set at the launch of […]

(CNBC) In Dimon’s view, the relatively buoyant stock market of recent months has lulled investors on the potential risks ahead. The S&P 500 market index rose 19% in the past year and isn’t far from peak levels. “I think it’s […]

(Hedgeweek)Activist hedge fund firm JANA Partners, which in the past has engaged in campaigns to force change at companies including Whole Foods and Frontier Communications, recorded a 31% gain for 2023, according to a report by Reuters. To read this […]

(Hedgeweek) Activist investment firms bounced back to notch an average 20.2% return in 2023 following a previous year of losses, with ValueAct Capital (39%), Caligan Partners (37%), and Legion Partners Asset Management (35%), leading the way, according to a report […]

(CNBC) OpenAI founder and CEO Sam Altman said the night he was pushed out by the board was “wild,” and he felt “super confused” and was “super caught off guard.” But this is the structure, and “I immediately just went […]