Monthly Archives: February 2024
Qualcomm earnings beat estimates as smartphone chip sales suggest recovery
(CNBC) Qualcomm reported fiscal first-quarter results on Wednesday that topped analysts’ estimates as sales of handset chips jumped 16% from a year earlier. Qualcomm shares fell more than 1% in extended trading. To read this article:
Two Sigma records 16% loss for Compass Enhanced Fund
(Hedgeweek)Two Sigma Investments recorded mixed returns across its family of hedge funds last year, with the firm’s macro Compass Enhanced fund falling 16% while its Absolute Return fund, which trades across several strategies, gained 12%, according to a report by […]
Texas Stockbroker charged for Stealing Funds from Elderly Customers
(Hedgeco.Net) The Securities and Exchange Commission has announced the filing of a civil injunctive action against Bradley Morgan Holts of Beaumont, Texas, for allegedly misappropriating customer funds. The SEC’s complaint alleges that Holts, while a registered representative associated with a […]
Union Pacific CEO to step down following hedge fund pressure
Hedgeweek) Lance Fritz, the chief executive officer of US railway company Union Pacific, has announced he is to step down this year after hedge fund Soroban Capital Partners called for the firm to appoint new leaders, according to a report […]
Adani loses $145bn in month since short seller’s accusations
(Hedgeweek) More than $145 billion has been wiped from the value of Gautam Adani’s business empire in the month since US short seller Hindenburg Research first accused the company of stock market manipulation and accounting fraud, according to a report […]
Stock futures inch higher as Wall Street braces for final trading day of February: Live updates
(CNBC) Stocks futures rose slightly in overnight trading as investors braced for the final trading day of February. Futures tied to the Dow Jones Industrial Average gained 30 points, or 0.10%, while S&P 500 and Nasdaq 100 futures added 0.12% […]
Mark Zuckerberg announces new team at Meta working on A.I. products for Instagram, WhatsApp
(CNBC) Meta will create a new product group inside the company focused on generative AI, a new set of machine learning techniques that allow computers to generate text, draw pictures, and create other media that resemble human output. The move […]
Target will report earnings before the bell — Here’s what to expect
(CNBC) Target on Tuesday will report holiday-quarter results, as retailers brace for a year that appears poised to bring slower sales and more price-conscious customers. Here’s what analysts are expecting for Target’s fiscal fourth quarter, according to consensus estimates from […]
Zoom shares jump on better-than-expected fourth-quarter results
(Hedgeweek) Zoom shares climbed 8% in extended trading on Monday after the video chat company reported fiscal fourth-quarter results that exceeded analysts’ estimates and offered optimistic earnings guidance for the year. Here’s how the company did: Earnings: $1.22 per share, […]
SEC Charges Cousins for Insider Trading in Kodak Stock Ahead of Company’s Planned Govt. Partnership to Assist in Response to COVID-19
(Hedgeco.net) The Securities and Exchange Commission has charged Andrew Stiles for insider trading in the stocks of Eastman Kodak Company and Novavax Inc. based on nonpublic information related to both companies’ planned government partnerships to assist in the fight against […]
Stock futures are little changed after major averages suffer biggest weekly losses of the year: Live updates
(CNBC) U.S. equity futures were higher on Monday morning after the major averages posted their biggest weekly losses of the year and ahead of another big week in retail earnings. Futures tied to the Dow Jones Industrial Average gained 15 […]
Janus Henderson turns to hedge funds and private credit
(Hedgeweek) Struggling money manager Janus Henderson is looking to hedge fund and private credit investments as part of a strategy to revive its fortunes having seen investors withdraw in the region of $130 billion of funds since 2017, according to […]