Articles

: Soros snaps up tech stocks in Q3, but dumps some of the biggest names, along with Rivian

Soros Fund Management, the investment firm founded by billionaire George Soros, took new positions or bulked up on IPOs and a number of tech names during the third quarter.

Market Pulse: Fifty S&P 500 companies record best day of the year

A 10th of the companies in the S&P 500 just scored their best day of 2023

Financial Crime: Mutant Ape Planet NFT creator pleads guilty to stealing $2.9 million in ‘rug-pull’ fraud

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: Tepper’s Appaloosa dumps Apple stake and loads up on Amazon’s stock

David Tepper’s Appaloosa hedge fund raised its stake in Amazon and dropped its stake in Apple, according to a filing with the Securities and Exchange Commission late Tuesday.

: The Magnificent Seven add more than $200 billion to their market caps

It was a magnificent day for the stock market Tuesday, highlighted by a strong performance by the Magnificent Seven technology giants, led by Tesla and Apple shares.

Market Extra: Why a derailed $11 trillion corporate bond market looks ripe for a comeback as U.S. inflation slows

Bonds issued by America's most valuable companies are steaming ahead after sinking to their lowest prices in about 20 years.

Market Extra: Michael Burry of ‘Big Short’ fame is betting against high-flying semiconductor stocks

Michael Burry unveiled a couple of new bearish bets in a quarterly filing from his Scion Asset Management released Tuesday.

: Employer coverage of GLP-1 drugs for weight loss lags far behind diabetes coverage, survey finds 

Many employers hold off on coverage of Wegovy and similar drugs amid cost concerns and the prospect of cheaper options down the road

: JPMorgan Chase’s Jamie Dimon has spoken to Nikki Haley about the economy

Bank CEO Jamie Dimon routinely talks to prominent figures and has reportedly spoken privately with GOP presidential candidate Nikki Haley about the economy.

Key Words: Fed credibility at risk if it cuts interest rates too soon, says Citadel’s Ken Griffin

Billionaire investor Ken Griffin, founder of hedge-fund and financial services giant Citadel, told Bloomberg Tuesday that the Federal Reserve "needs to have the message that they will put the inflation genie back in the bottle".

Market Extra: Surge in real-estate stocks propels sector to best-performing in S&P 500 as bond yields fall

Real-estate stocks were soaring on Tuesday, with the sector outperforming the 10 others in the S&P 500 index, as yields in the U.S. bond market tumbled.

: Hedge-fund billionaire Leon Cooperman takes Manchester United stake

Hedge-fund billionaire Leon Cooperman has taken a stake in iconic English soccer club Manchester United.
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