In-demand hedge fund traders are garnering eye-popping salary packages as top Wall Street banks cut costs. Millennium offered certain hires nearly $60 million in guaranteed pay, sources told The New York Times. Citadel and Millennium were able to make profits amid a market downturn, in part, because the trading shops were using multiple strategies at… Continue reading Some hedge fund traders are scoring ‘Tom Brady-like’ salary packages in the tens of millions even as big banks slash headcount and throttle bonuses
‘Big Short’ investor Michael Burry reveals new bets on Alibaba, MGM, and JD.com
Michael Burry built new stakes in Alibaba, JD.com, and MGM Resorts last quarter. The investor of “The Big Short” fame may have spied value in beaten-down Chinese tech stocks. Burry swapped out all but two of the holdings in his US stock portfolio. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading ‘Big Short’ investor Michael Burry reveals new bets on Alibaba, MGM, and JD.com
Palantir soars 16% after it reports first profitable quarter and talks up artificial intelligence potential
Palantir surged 16% on Tuesday after it reported its first profitable quarter on record.The company reported earnings results that topped analyst estimates and talked up its potential in artificial intelligence.”With this result, Palantir is profitable. This is a significant moment for us,” CEO Alex Karp said. Loading Something is loading. Thanks for signing up! Access… Continue reading Palantir soars 16% after it reports first profitable quarter and talks up artificial intelligence potential
Adani’s billionaire founder is reportedly looking at governance changes following scathing short-seller report that sent the Indian conglomerate’s stock plunging
Indian industrialist Gautam Adani is working on improving oversight of his conglomerate, the Financial Times reported. He’s considering changes after allegations by a short seller sent Adani Group stocks plummeting. The Adani Group founder called the slide in Adani Enterprises shares “temporary”. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Adani’s billionaire founder is reportedly looking at governance changes following scathing short-seller report that sent the Indian conglomerate’s stock plunging
One of the world’s largest sovereign wealth funds has hit the brakes on investing in China amid fears about Beijing’s leadership, report says
Singapore’s sovereign wealth fund, GIC, has significantly reduced its private investing in China, sources told the Financial Times. Reasons include Xi Jinping’s “common prosperity” campaign and fears of other unexpected moves from China’s leadership. While GIC has cut private-equity and VC investments in China, it boosted investment worldwide by 17% last year. Loading Something is… Continue reading One of the world’s largest sovereign wealth funds has hit the brakes on investing in China amid fears about Beijing’s leadership, report says
Millennials driving an uptick in Ontario insolvency filings
Insolvencies are up 15% from last year and a younger generation is leading the way Total Ontario insolvencies rose by 15 per cent in 2022 year over year while Canadian filings rose by 11 per cent. Photo by Getty Images/iStockphoto After the pace of insolvency filings fell during the pandemic, it is now back on… Continue reading Millennials driving an uptick in Ontario insolvency filings
Signs are mounting that households and businesses are struggling to manage the rising cost of debt
Bankruptcies, proposals to renegotiate loan terms expected to rise in first quarter Canadian business insolvency filings grew 37.2 per cent in 2022. Photo by Brent Lewin/Bloomberg files Signs are mounting that households and businesses are struggling to manage the rising cost of debt with bankruptcies and proposals to renegotiate terms of loans expected to rise,… Continue reading Signs are mounting that households and businesses are struggling to manage the rising cost of debt
Stock Market Today: Stocks Close Higher Ahead of CPI
Stocks closed higher Monday ahead of a busy week on Wall Street. A bare economic calendar allowed traders to turn their attention to tomorrow morning’s inflation update, with the Labor Department set to unveil the next CPI report report ahead of the opening bell. And while today’s buying was fairly broad-based, several Big Tech stocks… Continue reading Stock Market Today: Stocks Close Higher Ahead of CPI
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