Andrew Ross Sorkin
Third Point’s Dan Loeb says he’s sold out of nearly all of his ‘Magnificent 7’ holdings
Third Point’s Dan Loeb revealed that he has dumped almost all of his positions in the so-called Magnificent 7 stocks after their huge run-up that’s been dented this year from the stock market tariff turmoil. “What we have done in the last few months is number one shifted away from those easy sale candidates of […]
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Dalio, Fink, Lagarde and more: Top CEOs and policymakers reveal what’s next for markets
A general view of the World Economic Forum (WEF) Annual Meeting as it convenes under the theme of ‘Collaboration for the Intelligent Age’ in Davos, Switzerland on January 20, 2025. Anadolu | Anadolu | Getty Images U.S. President Donald Trump has only been in office for a matter of days, but his impact on markets […]
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Morgan Stanley CEO Ted Pick says bank will work with U.S. regulators on offering crypto
Morgan Stanley CEO Ted Pick said Thursday that his bank will be working with U.S. regulators to examine whether it can deepen its involvement in cryptocurrency markets. Pick was asked about his views on digital currencies under the pro-crypto Trump administration. On Tuesday, the acting head of the Securities and Exchange Commission launched an effort […]
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Jamie Dimon says the U.S. stock market is ‘kind of inflated’
JPMorgan Chase CEO Jamie Dimon on Wednesday called the U.S. stock market inflated and said that he felt more cautious than others in the business world because of the risks from deficit spending, inflation and geopolitical upheaval. “Asset prices are kind of inflated, by any measure. They are in the top 10% or 15%” of […]
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FTC Chair Khan hopes Amazon, Facebook won’t get ‘sweetheart deal’ from Trump in antitrust cases
Federal Trade Commission Chair Lina Khan said Tuesday she hopes the incoming Trump administration will not let Amazon and Facebook parent Meta off the hook from pending antitrust lawsuits by her agency with a “sweetheart deal.” But, “I can’t predict what future people in my position are going to do,” Khan said on CNBC’s “Squawk […]
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Polymarket plans U.S. return after signaling Trump election win, founder says
Online election betting platform Polymarket plans to bring its prediction markets back to customers in the United States, on the heels of accurately forecasting the electoral win of President-elect Donald Trump. “I want to give a lot of credit to the people who fought the battle to go and legalize political prediction markets in America,” Polymarket founder and […]
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Paul Tudor Jones says market reckoning coming on spending after election: ‘We are going to be broke’
Billionaire hedge fund manager Paul Tudor Jones is raising alarms about the U.S. government’s current fiscal deficit and the increased spending promised by both presidential candidates, saying the bond market may force the government’s hand after the election in addressing it. “We are going to be broke really quickly unless we get serious about dealing […]
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LVMH CEO Bernard Arnault says Olympics sponsorship honors the spirit of France
For the first time a luxury brand is an Olympic sponsor. And it’s not just one brand, it’s the empire of LVMH. “We tried to find a way with the Olympic Committee – to be able to show maybe something that has never been done before with the Olympics,” LVMH Chairman and CEO Bernard Arnault […]
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CEOs at Trump meeting: Ex-president ‘meandering’ and ‘doesn’t know what he’s talking about’
WASHINGTON — Former President Donald Trump failed to impress everyone in a room full of top CEOs Thursday at the Business Roundtable’s quarterly meeting, multiple attendees told CNBC. “Trump doesn’t know what he’s talking about,” said one CEO who was in the room, according to a person who heard the executive speaking. The CEO also said Trump did not […]
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Steve Cohen claims his money firm can already conserve $25 million by applying AI
Steve Cohen at Level 72 Asset Management. Adam Jeffery | CNBC You can depend billionaire investor Steve Cohen among those who thinks artificial intelligence is already earning an effect on the enterprise entire world. The Place72 founder informed CNBC’s Andrew Ross Sorkin on “Squawk Box” that his economical organization has found means for even the […]
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