Shares of Kering and Hermes are up 17% and 23% year-to-date, partly on optimism around China’s reopening Shares of LVMH hit an all-time high of $176.13 earlier this month. Kering, Hermes, and LVMH helped lead the French CAC 40 to a record high on Thursday. Loading Something is loading. Thanks for signing up! Access your… Continue reading A luxury buying spree is sending shares of companies like Gucci owner Kering and Hermes soaring
Warren Buffett’s little-known stock portfolio worth more than $5 billion nearly mirrored Berkshire Hathaway’s trades last quarter. Here are its top holdings.
Warren Buffett owns an under-the-radar stock portfolio worth more than $5 billion through Berkshire Hathaway.New England Asset Management portfolio is a subsidiary of General Re, which Berkshire bought for $22 billion in 1998.NEAM made strikingly similar trades to Buffett in the fourth quarter. These are its top 10 holdings. Loading Something is loading. Thanks for… Continue reading Warren Buffett’s little-known stock portfolio worth more than $5 billion nearly mirrored Berkshire Hathaway’s trades last quarter. Here are its top holdings.
Russia put together a shadow fleet of oil tankers to beat Western sanctions, but a key bottleneck is emerging that could threaten flows
Russia put together a fleet of tankers to circumvent Western sanctions, but a key bottleneck is emerging, Bloomberg reported. The long distances the so-called shadow fleet must travel cuts down on the availability of Russia-friendly ships. That means Russia is relying on European ships, but they are barred from ferrying Russian oil that costs more… Continue reading Russia put together a shadow fleet of oil tankers to beat Western sanctions, but a key bottleneck is emerging that could threaten flows
Markets may be in for an ‘enormous shock’ as the Fed could have to kick up interest rates to a 40-year high to fight inflation, strategist says
The markets may be in for a major shock as the Fed drives rates up to unforeseen highs to fight inflation. That’s according to Dominique Dwor-Frecaut, who told Bloomberg disinflation is “sadly fiction.” Inflationary pressures are starting to stabilize and that could lead to even higher borrowing rates. Loading Something is loading. Thanks for signing… Continue reading Markets may be in for an ‘enormous shock’ as the Fed could have to kick up interest rates to a 40-year high to fight inflation, strategist says
Roblox shares soar 27% as gains in users and virtual currency purchases lift quarterly results
Roblox stock surged as much as 27% Wednesday after fourth-quarter results beat forecasts. Bookings rose by 17% in the holiday quarter compared to the previous year. The outlook is upbeat as well, with bookings indicating acceleration to 19%-21% annual growth. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading Roblox shares soar 27% as gains in users and virtual currency purchases lift quarterly results
FTX is trying to get back $400 million sitting in a JPMorgan account that Sam Bankman-Fried had previously invested in an obscure hedge fund: report
FTX and Modulo Capital are negotiating the return of a $400 million investment from Sam Bankman-Fried, according to the New York Times. Modulo received one of Bankman-Fried’s single-largest investments shortly before FTX collapsed. The $400 million is being held in a JPMorgan Chase account because the bank served as the hedge fund’s prime broker. Loading… Continue reading FTX is trying to get back $400 million sitting in a JPMorgan account that Sam Bankman-Fried had previously invested in an obscure hedge fund: report
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
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
Recent Post
