Monthly Archives: March 2023

(CNBC) Electric vehicle maker Tesla hosted a 2023 Investor Day presentation in Austin, Texas, on Wednesday. CEO Elon Musk took the stage to share his “Master Plan 3,” and to discuss how Tesla plans to scale up in the face […]

(CNBC) Jamie Siminoff, the CEO of Amazon subsidiary Ring, is stepping down from the role later this month, the company announced Wednesday. Siminoff will take the role of chief inventor on March 22, and Elizabeth Hamren will succeed him as […]

(CNBC) Activist investor Elliott Management has nominated a slate of directors for Salesforces board, sources told CNBC’s David Faber on Wednesday. The nominating window closes March 14, and it is unclear if it is two or three nominees, Faber said […]

(CNBC) Futures tied to the Dow Jones Industrial Average rose on tThursday morning as earnings season pressed on and Salesforce shares popped on a strong quarter and forward guidance. Along with Salesforce, Okta shares jumped in overnight trading on solid […]

(CNBC) It was a year ago this month that the Federal Reserve launched its first attack against inflation that had been percolating in the U.S. economy for at least the previous year. That first strike, in retrospect, would seem timid: […]

(CNBC) Stock futures inched down as investors came off a losing month. Futures tied to the Dow Jones Industrial Average lost 70 points, or 0.2%. S&P 500 futures slid 0.3%, while Nasdaq-100 futures dipped 0.4%. The moves come as Wall […]

(Hedgeweek) Point72 Asset Management, the hedge fund founded by Steve Cohen, has expanded its crypto team with the appointment of Lionel Sukhram as a digital assets senior professional, according to a report by Financial News. To read this article:

(Hedgeweek) Man Group managed to pull in $3.1 billion in net inflows last year, “despite clear headwinds elsewhere in the asset management industry”, with assets under management (AUM) rising to $143.3 billion at 31 December, 2022, up from $138.4 billion […]

(Hedgeweek) Digital asset investment products saw minor outflows totalling $2 million, according to the latest Digital Assets Fund Flows Weekly report from CoinShares, although this masks broader negative sentiment as the largest inflows were into short investment products. To read […]

(CNBC) General Motors is cutting hundreds of salaried positions as it follows other major companies, including competitors, in downsizing headcounts to preserve cash and boost profits. The cuts affect about 500 positions, according to a person familiar with the plans, […]

(Bloomberg) When Concord Management came calling with the promise of checks for as much as $100 million, more than 100 hedge funds and private equity firms jumped at the offer.   Most of the $6 billion behind Concord belongs to […]