Few recent college graduates take investor calls. Even fewer take them from the back room of a department store while searching for women’s designer pumps. That’s what Andy Gay did to get his flavored-water business Cirkul off the ground after launching it in 2015, says his co-founder Garrett Waggoner. The Tampa, Florida-based company most recently … Read more
Dan Loeb’s Third Point poured tens of millions of dollars into Flutter Entertainment and Meta Platforms in the fourth quarter of last year, regulatory fillings show. The hedge fund manager and famous investor bought nearly $91 million worth of Flutter shares, equating to an increase of more than 70% to his position, according to Third … Read more
New York City Mayor Eric Adams leaves the federal court after being charged with bribery and illegally soliciting a campaign contribution from foreign nationals, in New York City, U.S., October 2, 2024. Shannon Stapleton | Reuters New York City Mayor Eric Adams on Friday denied offering the Trump administration a quid pro quo deal in … Read more
Michael Burry, best known for calling the subprime mortgage crisis, reshuffled his bets on Chinese internet stocks last quarter, trimming holdings in Alibaba and JD.com and adding a new stake in PDD . Burry’s hedge fund, Scion Asset Management, cut its stake in Alibaba by 25% in the fourth quarter, according to a new filing. The Jack … Read more
The logo of OpenAI is shown on a mobile phone in front of a computer screen displaying the photographs of Sam Altman, left, and Elon Musk, March 14, 2024. Muhammed Selim Korkutata | Anadolu | Getty Images OpenAI has officially rejected Elon Musk’s proposal to buy the artificial intelligence startup’s nonprofit parent for $97.4 billion. … Read more
Priscilla Chan, left, Meta CEO Mark Zuckerberg, and Lauren Sanchez are among guests attending Donald Trump’s inauguration as the 47th U.S. president in the Capitol Rotunda in Washington, D.C., Jan. 20, 2025. Saul Loeb | Afp | Getty Images Mark Zuckerberg kicked off 2025 with an Instagram video that outlined his vision for what he … Read more
The stock market once again shrugged off tariff threats from President Donald Trump , notching another winning week , but investors may be getting too comfortable with the trade war, according to Piper Sandler. The latest trade news came on Thursday, when Trump said his administration was preparing to implement “reciprocal” tariffs to match the … Read more
Warren Buffett’s Berkshire Hathaway continued selling its big Bank of America stake in the fourth quarter, while the conglomerate added a new holding in Constellation Brands . Berkshire offloaded more than 117,000 of Bank of America shares last quarter, owning a 8.9% stake worth just below $30 billion at the end of 2024, according to a … Read more
Leon Cooperman’s Omega Advisors picked up a handful of little-known names that took a hit during the fourth quarter of 2024, regulatory fillings show. The billionaire investor increased stakes in WillScot Holdings , Ashland and Elevance Health in the final three-month period of 2024, according to Omega’s 13-F document. With those increases, all three names … Read more
Philippe Laffont’s Coatue Management reduced its exposure to key Chinese e-commerce companies and exchange trade funds focused on the developing country at the end of 2024. The investor – who is one of the “Tiger Cub” fund managers that worked under the late Julian Robertson, founder of Tiger Management – reduced his firm’s stakes in … Read more