Ken Griffin, Founder and CEO, Citadel Mike Blake | Reuters The volatile September was a golden opportunity for billionaire investor Ken Griffin to shine as his main hedge fund crushed the market with outperformance. Citadel’s multi-strategy flagship fund Wellington gained 7.8% in September, bringing its year-to-date performance to 18.5%, according to a person familiar with
Washington Football Team helmets are seen on the ground before the start of training camp at the Bon Secours Washington Football Team training center park on July 29, 2021 in Richmond, Virginia. Kevin Dietsch | Getty Images Federal investigators executed a search warrant at the Washington Football Team’s training facility and a nearby home on
In this article F Thousands of Ford F-150s without chips are stored at Kentucky Speedway in Sparta, Kentucky, U.S., September 8, 2021. Jeff Dean | Reuters DETROIT – Ford Motor’s U.S. vehicle sales showed signs of improvement during the third quarter, but still fell by 27.4% from last year as an ongoing shortage of semiconductor
Jamie Dimon, JPMorgan Chase chairman and CEO, remains a skeptic of bitcoin, the largest cryptocurrency by market value. “It’s got no intrinsic value. And regulators are going to regulate the h— out of it,” Dimon recently told Axios CEO Jim VandeHei. Dimon said that bitcoin will be around long-term, but “I’ve always believed it’ll be
Engine No. 1, the firm that rose to prominence after waging a successful campaign against Exxon, on Monday announced an investment in General Motors. This time, the upstart activist’s stake signals support for the automaker as it transitions to electric vehicles. Engine No. 1 pointed to the similarities between Exxon and GM, noting that each
kate_sept2004 | E+ | Getty Images The recovery from the Covid-19 pandemic has been slower than a lot of people expected. For many Americans, that means their incomes are not yet back on track or may have suffered again during the onset of the delta variant. Data shows that hiring is still slow. Weekly initial
Take a look at some of the biggest movers in the premarket: Tesla (TSLA) – Tesla shares rose 3% in the premarket after the company announced it delivered 241,300 vehicles during the third quarter, its most ever for a quarter and a 73% increase over the same quarter a year ago. Moderna (MRNA), Novavax (NVAX)
As policymakers weigh whether to lift or repeal the $10,000 cap on state and local tax (SALT) deductions enacted by the Tax Cuts and Jobs Act (TCJA), they have to wrestle with how that change would primarily benefit high-earning taxpayers. As some have pointed out, other TCJA changes may further increase the benefits of an
In this article 3333-HK 6666-HK 754-HK A man drives a cart past apartment buildings at China Evergrande Group’s Life in Venice real estate and tourism development in Qidong, Jiangsu province, China, on Tuesday, Sept. 21, 2021. Qilai Shen | Bloomberg | Getty Images Indebted developer Evergrande is set to sell part of its stake in
In this article 6758.T-JP Tom Hardy stars in Sony’s “Venom: Let There Be Carnage.” Sony There’s a new king of the pandemic box office. Sony’s “Venom: Let There Be Carnage” tallied an estimated $90.1 million in ticket sales domestically over the weekend, the best box office haul since the Covid-19 outbreak began. Marvel’s “Black Widow”
At first glance, the more than 7,100 islands that make up the Philippines may appear to be similar. Those islands — of which some 2,000 are inhabited — differ by history, culture and religion, meaning they draw tourists for different reasons. Here are six — some well-known, some not — and the types of travelers
A look at whether ESG investment will increase in the US following President Joe Biden putting the environment high on his agenda.