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Mellanox Wins First Round in Struggle with Activist Shareholder Starboard →  May 27, 2018

Israel-based chipmaker Mellanox Technologies Ltd. has won the current round in its control struggle with New York-headquartered activist hedge fund Starboard Value LP. On Thursday, during an extraordinary general meeting, Mellanox shareholders overwhelmingly voted for the company’s two governance proposals regarding the upcoming annual shareholder meeting.   For daily updates, subscribe to our newsletter by […]

Cloudera Stock: Battered Cloud Data Play Rallying After Oversold Selling →  May 28, 2018

iStock.com/Mohammed Haneefa Nizamudeen Cloudera Is a Beaten-Down Mid-Cap Big Data Play The big data solutions segment is rapidly growing, and the future looks promising as companies look for ways to harness their data. A mid-cap cloud-based big data play that has been battered to levels that are attractive is Cloudera Inc (NYSE:CLDR). It has been just […]

Hawaii records 270 earthquakes in one day →  May 27, 2018

Hawaii has been struck with 270 earthquakes in just one day as the Kilauea volcano continues to billow toxic ash and spout lava across the island. More than three weeks after the eruptions first began, Mount Kilauea is showing no signs of stopping.  Photos of the island show a landscape devastated by red hot lava […]

Qualcomm to meet China regulators in push to clear $44 billion NXP deal: sources →  May 27, 2018

BEIJING (Reuters) – Qualcomm Inc (QCOM.O) is expecting to meet this week in Beijing with China’s antitrust regulators in a final push to secure clearance for its proposed $44 billion acquisition of NXP Semiconductors NV (NXPI.O), three sources told Reuters. FILE PHOTO: A sign on the Qualcomm campus is seen in San Diego, California, U.S. […]

Oil drop below $80 vindicates cautious investors trimming bets →  May 27, 2018

New York Money managers’ reluctance to get behind the oil rally is finally paying off. Hedge funds trimmed their net-long position — the difference between bets on a price increase and wagers on a drop — in Brent crude by the most in almost a year. The cuts came as the global benchmark capped its […]

Hedge funds in the news business →  May 27, 2018

A group of journalists protesting outside the offices of a New York City hedge fund recently shined a light on a little-known fact about the state of the local American newspaper: Behind the scenes, financial firms often hold all the cards. Investors like Alden Global Capital and Fortress Investment Group have acquired ownership stakes in […]

Hedge funds in the news business →  May 27, 2018

A group of journalists protesting outside the offices of a New York City hedge fund recently shined a light on a little-known fact about the state of the local American newspaper: Behind the scenes, financial firms often hold all the cards. Investors like Alden Global Capital and Fortress Investment Group have acquired ownership stakes in […]

Mellanox Wins First Round in Struggle with Activist Shareholder Starboard →  May 27, 2018

Israel-based chipmaker Mellanox Technologies Ltd. has won the current round in its control struggle with New York-headquartered activist hedge fund Starboard Value LP. On Thursday, during an extraordinary general meeting, Mellanox shareholders overwhelmingly voted for the company’s two governance proposals regarding the upcoming annual shareholder meeting.   For daily updates, subscribe to our newsletter by […]

Marijuana Justice Act is a Big Boon For Marijuana Stocks →  May 27, 2018

iStock.com/Emilija Randjelovic Marijuana Justice Act U.S. weed legalization has never been closer. That’s not opinion, that’s fact. Want proof? Read up on the Marijuana Justice Act. The act was first introduced by Senator Cory Booker (D-N.J.) last year, but has since gained a number of high-profile supporters. (Source: “Kamala Harris backs Booker bill to legalize […]

Thousands of fans gather in Kiev ahead of Champions League Final →  May 26, 2018

Liverpool fans were left devastated last night as two horrendous goalkeeping errors by Loris Karius gifted Real Madrid a 3-1 victory.  In the first half, Liverpool’s talisman striker Mohammed Salah went off injured after 30 minutes following a challenge by Madrid’s skipper Sergio Ramos.  Karius gifted Madrid their first goal after throwing the ball directly into […]

Investors find little appetite for consumer staples →  May 26, 2018

(Reuters) – The consumer staples index .SPLRCS, the SP 500’s biggest laggard for 2018, could have further to fall and may even look less appealing as a defensive play in the event the economy turns sour. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 21, 2018. […]