Month: January 2025
Meta replaces Global Affairs President Nick Clegg with Joel Kaplan ahead of Trump inauguration
Facebook vice president of global public policy Joel Kaplan and Facebook CEO Mark Zuckerberg leave the Elysee Presidential Palace after a meeting with French President Emmanuel Macron on May 23, 2018 in Paris, France. Chesnot | Getty Images Facebook parent Meta is replacing President of Global Affairs Nick Clegg with Joel Kaplan, the company’s current […]
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Ken Griffin’s flagship hedge fund at Citadel climbs 15.1% in 2024
Ken Griffin, Founder and C.E.O. of Citadel speaks during the New York Times annual DealBook summit at Jazz at Lincoln Center on December 04, 2024 in New York City. Michael M. Santiago | Getty Images Billionaire investor Ken Griffin’s handful of hedge funds at Citadel all posted double-digit returns in 2024, led by its tactical […]
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Hindenburg Research shorts Carvana, calling company’s turnaround a ‘mirage’
CFOTO | Future Publishing | Getty Images Noted short seller Hindenburg Research disclosed a bet against Carvana on Thursday, claiming the online used-car retailer’s recent turnaround is a “mirage” that is being propped up by unstable loans and accounting manipulation. The report centers on Carvana’s practice of loan sales as well as the business relationship […]
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Regulatory clarity could drive bitcoin to $225,000 this year, says H.C. Wainwright
Regulatory clarity and institutional adoption could drive bitcoin this year to more than double its current price, according to H.C. Wainwright. The firm raised its price target on the flagship cryptocurrency to $225,000 from $145,000, it said in a note to investors Thursday, implying upside of more than 130%. “Based on our analysis of historical […]
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Warren Buffett’s Berkshire Hathaway beats S&P 500 in 2024, posts 9th straight up year
Warren Buffett’s Berkshire Hathaway outperformed the S & P 500 in 2024 and pulled off its best year since 2021. Class A shares of the Omaha-based conglomerate rallied 25.5% last year, beating the S & P 500’s 23.3% return. Berkshire shares topped $700,000 during the year and posted their ninth positive year in a row. […]
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Bank of America sentiment indicator nears euphoria level, a contrarian market ‘sell’ signal
Investor optimism has only grown despite a rough ending to December, indicating that selling actually may not be over yet. Bank of America said its stock market sentiment readings are flashing signs that the bullishness is overdone. In the past , the indicators have been consistent with near-term selling points as high levels of sentiment, […]
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Stocks making the biggest moves midday: Tesla, Unity Software, Constellation Energy and more
Check out the companies making headlines in midday trading: Tesla — The electric vehicle maker slipped 5% after reporting its first ever annual vehicle deliveries decline . Tesla delivered 1.79 million vehicles in 2024, a drop from 1.81 million in 2023. Constellation Energy — Shares jumped 7% after the company secured a record-setting $1 billion […]
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South Korea police search Jeju Air, airport operator over fatal plane crash
Jeju Air aircraft flight 7C2216 goes down the runway before crashing at Muan International Airport, in Muan, South Korea December 29, 2024 in this screengrab obtained from video. Lee Geun-young | Lee Geun-young Via Reuters South Korean police said on Thursday they had raided Jeju Air and the operator of Muan International Airport as part […]
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Nominate a company for CNBC’s 2025 Disruptor 50 list
CNBC is now accepting applications for the 2025 Disruptor 50 list — our thirteenth annual look at the most innovative venture-backed companies using breakthrough technology to meet increasing economic and consumer challenges. The deadline for submissions is Friday, Feb. 10 at 11:59 pm EST. All independent, privately-owned companies founded after Jan. 1, 2010, are eligible, […]
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Ukraine just stopped Russian gas flows to Europe. Here’s who’s most at risk
The Mitte Combined Heat and Power (CHP) natural gas power plant, operated by Vattenfall AB, in Berlin, Germany, on Wednesday, Jan. 1, 2025. Bloomberg | Bloomberg | Getty Images Ukraine halted the flow of Russian gas to several European countries on New Year’s Day, bringing an end to Moscow’s decades-long dominance over Europe’s energy markets. […]
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