Monthly Archives: January 2024
Apple shares slip on report U.S. government preparing antitrust lawsuit
(CNBC) Apple shares slid less than 1% on Friday after The New York Times reported that the U.S. Department of Justice is preparing an antitrust lawsuit against the iPhone maker, which could be filed as soon as this year. The […]
Pershing Square chalks up 26.7% return in 2023
(Hedgeweek) Pershing Square Capital Management, the hedge fund firm founded by Bill Ackman, bounced back from its loss-making 2022, with a return of 26.7% last year, beating the broader stock market, according to a report by Reuters. To read this […]
Citadel gains 15.3% in 2023, ahead of Millennium’s 10% return
(Hedgeweek) Ken Griffin’s Citadel outperformed several big name multi-strategy rivals, including Millennium Management and Eisler Capital, in a challenging 2023, chalking up a 15.3% return for its main Wellington hedge fund, according to a report by Reuters. To read this […]
Stock futures little changed ahead of jobs report with Wall Street’s nine-week winning streak in jeopardy:
(CNBC) Stock futures were mixed on Thursday evening ahead of a key jobs report with Wall Street trying to shake off a sluggish start in January. Futures tied to the Dow Jones Industrial Average ticked up 21 points, or about […]
Friday’s jobs report will be a big signal for a market looking for good news
(CNBC) When the December jobs report is released Friday morning, markets will be looking for a number that hits a sweet spot between not so robust as to trigger more interest rate hikes and not so slow as to raise […]
2023 digital assets inflows 2.7x greater than 2022
(Hedgeweek) Digital asset investment products saw $2.25bn of inflows for the full year in 2023, marking it as the third best year based on data back to 2017, according to the latest Digital Asset Weekly Fid Flows report from CoinShares. […]
Bitcoin rises as its volatile year continues ahead of an expected ETF approval
(CNBC) Bitcoin rose on Thursday, recovering some of its losses from the previous day, when the cryptocurrency sold off on concerns about the potential of a bitcoin exchange-traded fund approval that many expect as soon as next week. The flagship […]
Musk once laughed off BYD as a threat. Now the Chinese giant has taken Tesla’s EV crown
(CNBC) Elon Musk dismissed BYD in 2011 by laughing at their products during a Bloomberg interview. “Have you seen their car?” Musk quipped. “I don’t think it’s particularly attractive, the technology is not very strong. And BYD as a company […]
Alibaba once a Wall Street darling has plunged 75% over three years
(CNBC) It’s been a tumultuous 12 months for Alibaba, casting doubt on the future of the tech giant just as artificial intelligence is taking off. The company’s cloud computing unit was poised to capture AI’s growth for investors in a […]
Xerox to cut 15% of its workforce
(CNBC) Xerox on Wednesday announced it will cut 15% of its workforce as part of a plan to implement a new organizational structure and operating model. Xerox, which offers digital printing and document management technologies, had about 20,500 employees as […]
Bitcoin gives back Tuesday’s new year rally as traders weigh ETF decision, Fed policy
(CNBC) Bitcoin on Wednesday reversed its new year rally as investors weighed the Federal Reserve’s policy outlook and stayed on alert for updates on the Securities and Exchange Commission’s looming bitcoin exchange-traded fund decision. The price of bitcoin was last […]
Discovery Capital’s macro hedge fund up 48% in 2023
(Hedgeweek) Discovery Capital Management, the hedge fund firm led by ‘Tiger cub’ Rob Citrone, recorded a 48% return with its macro hedge fund in 2023, making it one of the top performers among funds betting on economic trends, according to […]