Monthly Archives: February 2024
Instacart to lay off 250 employees, or about 7% of the company, as part of restructuring
(CNBC) Instacart plans to lay off about 250 employees. Shares of the company fell 5% in extended trading. The layoffs are focused in part on middle management and creating a flatter organizational structure, according to Instacart, as well as focusing […]
Stock futures slip after fresh Dow record, Wall Street looks to inflation data: Live updates
(CNBC) Stock futures ticked lower on Monday evening as investors prepared for a key inflation report. Futures tied to the Dow Jones Industrial Average lost 43 points or 0.1%. S&P 500 futures slipped 0.1%, while Nasdaq 100 futures dropped 0.2%. […]
JetBlue shares jump 15% as activist Carl Icahn reports stake and calls shares undervalued
(CNBC) Activist investor Carl Icahn on Monday reported a nearly 10% stake in JetBlue Airways, saying the airline stock is undervalued. Shares of JetBlue spiked more than 15% in extended trading. Icahn amassed the stake in a series of purchases […]
Bitcoin extends its gains, breaking through the $50,000 level
(CNBC) Bitcoin jumped above $50,000 Monday, at one point reaching its highest level in more than two years. The price of the flagship cryptocurrency was last higher by 4% at $50,168.36, according to Coin Metrics. Earlier, it rose to $50,334.00, […]
Jeff Bezos will save over $600 million in taxes by moving to Miami
(CNBC) Jeff Bezos’ $2 billion stock sale last week came with an added perk: no state taxes. Last year, Bezos announced on Instagram that he was leaving Seattle after nearly 30 years to move to Miami. He said the move […]
Criminal sentencing of Binance founder CZ postponed to late April
(CNBC) The criminal sentencing of Binance founder Changpeng Zhao on a money laundering rule charge has been postponed until April 30, according to a notice Monday in Seattle federal court. That docket entry did not explain what would be a […]
New SEC regulation requires hedge funds to disclose strategies
(Hedgeweek) The US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have jointly approved new regulations which will require hedge funds to confidentially disclose more information about their investment strategies to watchdogs on a quarterly basis, including […]
New hedge fund investment falls to new low
(Hedgeweek) New hedge fund managers are struggling to attract investment to their funds with inflows in 2023 falling to new lows, according to a report by Reuters, citing a client report published by Goldman Sachs on Friday last week. To […]
Stock futures are little changed on Sunday night after a record week for the S&P 500: Live updates
(CNBC) U.S. stock futures hovered near the flatline on Sunday night following a record-setting week for the S&P 500 Futures tied to the 500-stock benchmark were flat. Dow Jones Industrial Average futures and Nasdaq 100 futures also traded within 0.1% […]
Jeff Bezos sells nearly 12 million Amazon shares worth at least $2 billion, with more to come
(CNBC) Jeff Bezos filed a statement with federal regulators indicating his sale of nearly 12 million shares of Amazon stock worth more than $2 billion. The Amazon executive chairman notified the U.S. Securities and Exchange Commission of the sale of 11,997,698 shares […]
Elon Musk is ordered to testify in the SEC’s Twitter investigation
(CNBC) A federal judge ordered Elon Musk to testify again in the U.S. Securities and Exchange Commission’s probe of his $44 billion takeover of Twitter, giving the regulator and the billionaire a week to agree on a date and location […]
As Sam Bankman-Fried awaits prison sentence, FTX customers await a surprise: Full repayment
(CNBC) Sam Bankman-Fried, who could spend the rest of his life behind bars, was found guilty in November on seven criminal counts after roughly $10 billion in customer funds from his company went missing. Some of that money went to […]