By Carolina Mandl NEW YORK (Reuters) -Global hedge funds continued to add bearish equity bets to portfolios in the week to Aug. 1 when fresh data sparked fears the U.S. economy is slowing faster than[...]
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August 3, 2024
Delay to Nvidia’s new AI chip could affect Microsoft, Google, Meta, the Information says
(Reuters) – Design flaws could cause a delay of three months or more in the launch of chip giant Nvidia’s upcoming artificial-intelligence chips, tech-focused publication the Information s[...]
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Berkshire halves Apple stake, boosts cash to $277 billion as it gets ‘defensive’
By Jonathan Stempel (Reuters) – Warren Buffett appears to have soured on stocks, letting cash at Berkshire Hathaway soar to nearly $277 billion and selling about half its stake in Apple, even as[...]
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Abrdn finance chief Jason Windsor to replace Stephen Bird as CEO, Financial Times reports
(Reuters) -Abrdn finance chief Jason Windsor is the front-runner to become the next chief executive of the British fund manager following the departure of Stephen Bird, the Financial Times reported on[...]
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Hedge fund investor appetite wanes for high fees and private credit, says Goldman Sachs
By Nell Mackenzie LONDON (Reuters) – (This Aug. 2 story has been corrected to read ‘wanes for,’ not ‘hit by,’ in the headline and to clarify that the 15% refers to those[...]
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Silicon Valley Bank’s former owner gains approval to end bankruptcy
By Dietrich Knauth NEW YORK (Reuters) – SVB Financial Group, the former owner of failed Silicon Valley Bank, received a U.S. judge’s permission on Friday to turn over its assets to credito[...]
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Fed’s Barkin tells PBS program he won’t prejudge what to do at next meeting
By Michael S. Derby NEW YORK (Reuters) – Richmond Federal Reserve President Thomas Barkin said he is not ready to change his monetary policy outlook after the release of unexpectedly weak U.S. j[...]
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More than 50 US lawmakers, 21 states back DOJ in TikTok lawsuit
By David Shepardson WASHINGTON (Reuters) – A group of 21 states and more than 50 U.S. lawmakers on Friday backed the Justice Department in its defense of a law that requires China-based ByteDanc[...]
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