The postelection rally took a breather on Tuesday, with the major indexes incurring modest losses. Here’s what CNBC is watching going into Wednesday.
Kategorie-Archiv: CNBC Financial News
Hedge funds performed better under Democratic presidents than Republican ones, history shows
Hedge funds actually generate more alpha when the White House is occupied by a Democrat president than a Republican one, according to HFR.
David Einhorn to speak as the priciest market in decades gets even pricier postelection
Einhorn’s hedge fund returned just 9% in 2024 through the end of the third quarter, compared with the S&P 500′s more than 20% gain.
Hedge funds performed better under Democratic presidents than Republican ones, history shows
Hedge funds actually generate more alpha when the White House is occupied by a Democrat president than a Republican one, according to HFR.
David Einhorn to speak as the priciest market in decades gets even pricier postelection
Einhorn’s hedge fund returned just 9% in 2024 through the end of the third quarter, compared with the S&P 500′s more than 20% gain.
Tencent posts better-than-expected 47% profit surge as games, AI tools shine
Chinese gaming and social media giant Tencent on Wednesday reported profit above analysts‘ expectations, while revenue missed slightly.
Rocket Lab stock pops 25% after company reports strong revenue growth, first Neutron deal
Rocket Lab jumped in post-market trading after the company reported third-quarter results.
Spotify shares pop on better-than-expected profit forecast
Shares of Spotify rose in after-hours trading as investors focused on the company’s profit forecast more than its third-quarter results.
Home Depot is on the verge of an earnings rebound after quarterly beat and raise
Same-store sales were better than feared, lifted by this summer’s hurricanes in the U.S.
China’s Alibaba releases AI search tool for small businesses in Europe and the Americas
Chinese e-commerce giant Alibaba unveiled an artificial intelligence-powered search engine for small businesses in Europe and the Americas to source supplies.