Hedge fund titan Steve Cohen is no longer trading stocks. Here’s why it’s an important milestone for the $4 trillion industry.
New York Mets owner Steve Cohen is one of the most famous stockpickers of all time. SAC Capital officially closed in 2013. It was unofficially buried on Tuesday. The news from Bloomberg that billionaire Point72 founder and legendary stockpicker Steve Cohen will no longer trade his book for the $35 billion fund Tuesday is paradoxically…
Trump-supporting hedge fund billionaire says he’ll pull his money out of the market if Harris wins the election
John Paulson. Billionaire hedge fund manager and Trump donor John Paulson told Fox Business that he will sell his stocks if Kamala Harris wins the presidency in November. “I’d go into cash and I’d go into gold because I think the uncertainty regarding the plans they outlined would create a lot of uncertainty in the…
The list of major companies requiring employees to return to the office
Amazon is the latest company to mandate employees return to the office. On Monday, Amazon mandated corporate workers return to the office five days a week beginning January 2nd. The Seattle-based tech giant is just one of the many companies calling their employees back to the office following the pandemic as COVID-19 restrictions have eased.…
Sean ‘Diddy’ Combs shouldn’t expect special treatment at a notorious Brooklyn jail that’s like ‘hell on earth’
In this courtroom sketch, Sean Combs, center, sits alongside his defense attorneys in Manhattan federal court. Sean “Diddy” Combs’ downfall was a steep one. After a sex trafficking indictment, the super-wealthy rapper and music mogul has been forced to leave behind his grand Los Angeles and Miami mansions for the confines of a notorious Brooklyn…
Jenna Ortega was asked if she’d play a female Edward Scissorhands. She said women should have their own characters, not just act in spinoffs.
Jenna Ortega at the 81st Venice International Film Festival for the “Beetlejuice Beetlejuice” red carpet. Jenna Ortega of “Beetlejuice Beetlejuice” was asked by an interviewer if she would want to play a female version of Tim Burton’s Edward Scissorhands. The actor said women should have their own characters — not just appear in spinoffs. Over…
Founders should do this surprising thing more often in pitches, Daniel Lubetzky, the newest ‘Shark Tank’ addition, says
Daniel Lubetzky will join Shark Tank as a full Shark starting with Season 16, which premieres next month. Daniel Lubetzky has seen dozens of pitches from founders on the ABC television series “Shark Tank.” But Lubetzky will be hearing even more pitches as he becomes the show’s latest new judge — or “Shark” — starting…
California Gov. Newsom says he’s worried about ‘chilling effect’ of AI bill
California Gov. Gavin Newsom is worried about the state’s controversial AI bill. California Gov. Gavin Newsom is concerned about the state’s controversial AI bill. During an appearance at Salesforce’s Dreamforce event in San Francisco on Tuesday, the governor said he was concerned about a potential “chilling effect” on AI development the bill could cause. The…
America is ready to go big on AI infrastructure
Satya Nadella’s Microsoft and BlackRock have unveiled a $30 billion fund to boost investment into data centers and power infrastructure needed to support AI. America is stepping up plans to maintain an edge in the generative AI race. A key part of that strategy is making significant investments in domestic infrastructure — from data centers…
Fisker backtracks on telling owners to pay for repairs of malfunctioning EVs
The Fisker Ocean currently has five outstanding recalls. Owners of Fisker Ocean EVs will no longer have to pay for recall repairs. The bankrupt auto company has changed a post on its website to say it will cover the cost of repairs for two outstanding recalls, after initially saying owners of its Ocean EV would…
