Monthly Archives: September 2024

(CNBC) Stock futures were largely flat Wednesday evening as Wall Street looks to regain momentum after a rocky start to September. Key labor market data is also on deck this week. Futures for the S&P 500 were up less than 0.1%, while Nasdaq […]

(CNBC) Nvidia on Wednesday denied reports it received a subpoena from the Department of Justice over antitrust concerns. “We have inquired with the U.S. Department of Justice and have not been subpoenaed,” an Nvidia representative told CNBC. “Nonetheless, we are happy […]

(CNBC) The relationship between the 10- and 2-year Treasury yield briefly normalized Wednesday, reversing a classic recession indicator. Following economic news that showed a sharp decline in job openings and dovish remarks from Atlanta Fed President Raphael Bostic, the benchmark 10-year […]

(CNBC) U.S. stock futures fell Tuesday night after the major averages kick-started September lower, with the S&P 500 clocking its worst day since early August. S&P 500 futures and Nasdaq 100 futures dipped 0.54% and 0.8%, respectively. Dow Jones Industrial Average futures slid 19 points, or 0.34%. […]

(CNBC) Nvidia plunged 9.5% on Tuesday, wiping nearly $300 billion off the chipmaker’s market cap and pulling chip stocks down with it. Intel fell almost 8%, Marvell slid 8.2%, and Broadcom lost about 6%. AMD dropped 7.8%, and Qualcomm fell nearly 7%. The VanEck Semiconductor ETF (SMH), an index that […]

(Hedgeweek) Morgan Stanley is targeting hedge funds as part of renewed efforts to reclaim its top position in stock trading, a title it lost to Goldman Sachs following the collapse of Archegos Capital Management in 2021, according to a report […]

(Hedgeweek) Activist investment firm Elliott Investment Management now owns 10% of Southwest Airlines’ common stock, surpassing the threshold required to call a special meeting at the airline, according to a report by Reuters citing an unnamed source familiar with the […]

(CNBC) British financial technology firm Zilch on Tuesday reported its first-ever month of profit, marking a key milestone for the company as it looks toward an eventual initial public offering. In a trading update, Zilch, which competes with the likes […]

(Hedgeweek) Hedge funds are increasingly stepping in to help banks manage the risks associated with deal contingent trades, a complex derivative sold to corporations and PE firms to hedge against market fluctuations during major mergers and acquisitions, according to a […]

(CNBC) U.S. stock futures were little changed Monday night as traders braced for a potentially tough month ahead after a strong but volatile August. Futures tied to the Dow Jones Industrial Average slipped 63 points, or 0.1%. S&P 500 futures fell marginally, and Nasdaq-100 futures eked […]

(Hedgeweek) Despite strong industry performance this year, a significant portion of hedge funds have yet to fully recover from the steep losses experienced in 2022, according to a report by Institutional Investor. To read this article:

(Hedgeweek) The University of Houston System’s endowment management committee has approved a $20m investment in the Broad Reach Master Fund, an emerging markets-focused global macro hedge fund, according to a report by Pensions & Investments. To read this article: