Hints and tips:
...Blackrock has been accused of failing to protect pension fund clients by freezing hedges in certain funds at the height of this week’s UK bond market tumult....
...“OpenAI, Inc has been transformed into a closed-source de facto subsidiary of the largest technology company in the world: Microsoft,” Musk’s lawsuit alleged....
...The recent tumult at OpenAI, where Sam Altman was removed as chief executive before being quickly reinstalled, appears to have little effect on investor appetite in Microsoft, which once again overtook Apple...
...CNN has been in a state of tumult after last year’s abrupt exit of Jeff Zucker, its longtime leader who had helped the network reach record ratings during Trump’s presidency....
...After nearly two years of morale-sapping tumult, CNN newsrooms around the world cheered on Wednesday after the veteran UK journalist Mark Thompson was appointed to lead the struggling network....
Net inflows decline 30% in the first half of 2022 to $464bn
...In further sign of tumult in sports media, Diamond Sports Group, the largest holder of US regional sports networks, filed for Chapter 11 bankruptcy this week....
...Broader market tumult has hit other key players in the crypto industry, including broker Genesis, which halted withdrawals from its lending scheme last month, and lending platform BlockFi, which followed...
...The idea of using crypto coins to facilitate mainstream payments might sound zany, given the tumult in the sector triggered by the failure of exchange-cum-hedge fund FTX....
...The tumult sparked fears that investors would be put off using Vix contracts, which had until then been Cboe’s fastest-growing product area....
...Despite the tumult, the surge in demand resulted in a profitable second quarter for Delta, which generated adjusted net income of $921mn on operating revenue of $12bn....
...But market tumult and the war in Ukraine made competing bids from Asda owner the Issa brothers and rival private equity groups less certain....
...Jerry Cudzil, the head of credit trading at asset manager TCW, said investors remained cautious given the geopolitical tumult....
...It felt like a plausible bet until recently, and it could still come to pass one day, but Ark’s funds have meanwhile fallen heavily in value amid the tumult....
...Brent crude was bumped down about 2 per cent by some of Monday’s tumult, but David Martin, commodities strategy head at BNP Paribas, offered this bullish read: The outperformance of Brent against other...
...Markets Briefing: Wheat and nickel futures prices hit record highs today as the war in Ukraine leads to tumult in commodities market....
...Investors in Chinese assets have had a bumpy year, with a government clampdown on parts of the private sector causing bouts of tumult....
Third-quarter reports start this week as consolidation among asset managers takes off
...The latest tumult was sparked by Musk seeming to imply on Twitter that Tesla has or will sell the stake it has accumulated in bitcoin. He later clarified that the automaker “has not sold any bitcoin”....
...Despite the recent tumult, some high-profile investors remain bullish....
...France’s CAC 40 index, for example, still bearing the scars of early 2020, jumped 7.6 per cent — its biggest rally since the March tumult and one of its biggest rallies of all the past two decades....
...2020 — while its peers battled dwindling assets, the algorithmic hedge fund WorldQuant is basking in one of its best years of returns, up nearly 20 per cent, even after a $200m hit from the stock market tumult...
...The Edinburgh-based fund group has stood by Mr Musk through periods of tumult that have attracted the glare of the media....
...Covid-19, geopolitical risks, political tumult and climate change have concentrated investors’ minds....
...It also stands out as the first new deal to hit the loan market to fund an acquisition since February; most deals completed so far have been designed to tide companies over during the tumult stemming from...
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