Ken Griffin, founder and CEO of Citadel, at CNBC’s Delivering Alpha summit on Sept. 28, 2022. Scott Mlyn | CNBC Billionaire investor Ken Griffin’s flagship hedge fund rallied last month when the broader market was rattled by tight monetary policy as well as rising recession fears, according to a person […]
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Eli Lilly is on a buying spree. Here’s what it means for investors like us
Eli Lilly (LLY) is wisely broadening out its drug pipeline through a series of acquisitions of smaller companies – the most recent of which was disclosed earlier this week and should strengthen the Club holding’s efforts to develop cancer treatments. Lilly’s planned $1.4 billion deal to buy Point Biopharma (PNT), […]
Trump seeks dismissal of D.C. election interference case, cites ‘presidential immunity’
Former U.S. President Donald Trump gestures at a Manhattan courthouse, where he attends the trial of himself, his adult sons, the Trump Organization and others in a civil fraud case brought by state Attorney General Letitia James, in New York City, U.S., October 2, 2023. Brendan Mcdermid | Reuters Donald […]
GM’s stock hits three-year low amid UAW strike, potential air bag recall
United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan. Bill Pugliano | Getty Images DETROIT – General Motors’ stock price fell below $30 a share Thursday for the first time in more than three years amid ongoing strikes by the […]
Why borrowing costs for nearly everything are surging, and what it means for you
Federal Reserve Board Chair Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting at the Federal Reserve in Washington, D.C., on July 26, 2023. SAUL LOEB | Getty Violent moves in the bond market this week have hammered investors and renewed fears of a recession, […]
White House speeds up additions to Trump border wall years after Biden vowed ‘not another foot’
U.S. President Joe Biden speaks with border patrol officers as he walks along the border fence during his visit to the U.S.-Mexico border to assess border enforcement operations, in El Paso, Texas, on Jan. 8, 2023. Kevin Lamarque | Reuters WASHINGTON — The Biden administration in a major policy pivot […]
German structural reforms ‘are a must,’ IMF chief insists
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), speaks to the media following talks at the Chancellery on November 29, 2022 in Berlin, Germany. Carsten Koall | Getty Images News | Getty Images Structural reforms in Germany are needed given the current global economic headwinds, International Monetary Fund […]
Kaiser Permanente workers strike for second day after negotiations fail to reach labor contract
Kaiser Permanente employees, joined by Union members representing the workers, walk the picket line in Los Angeles, California on October 4, 2023. Frederic J. Brown | AFP | Getty Images Tens of thousands of Kaiser Permanente workers remained on strike for a second day after negotiators failed to reach an […]
Rivian shares sink 20% after the EV maker said it plans to raise $1.5 billion
Taylor looks at Rivian electric trucks at the auto maker’s newly opened storefront in the Meatpacking District of Manhattan on June 23, 2023 in New York City. Spencer Platt | Getty Images Shares of Rivian Automotive were sharply lower in early trading Thursday, after the company surprised investors with a […]
George Santos former campaign treasurer to plead guilty in federal court
Rep. George Santos, R-N.Y., wearing a no shutdown button walks up the House steps for a vote in the Capitol on Thursday, September 28, 2023. Bill Clark | Cq-roll Call, Inc. | Getty Images The former campaign treasurer to Rep. George Santos of New York will plead guilty Thursday in […]