Signage for Citadel Investment Group LLC hangs outside their office in Chicago, Illinois, U.S. Bloomberg | Getty Images The world’s top hedge funds raked in record profits last year amid a resurgence in stock markets, new analysis showed. The 20 leading fund managers made $67 billion in investor profits in […]
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Bank of Japan retains its ultra-loose policy, trims core inflation forecast
Bank of Japan governor Kazuo Ueda gestures as he speaks during a press conference following a monetary policy meeting at the Bank of Japan’s headquarters in Tokyo on July 28, 2023. Str | Afp | Getty Images The Bank of Japan expectedly retained its ultra-loose monetary policy at its first […]
China is weighing measures to prop up its stock markets, could reportedly mobilize $278 billion
A securities business hall in Fuyang, China, in December 2023. Costfoto | Nurphoto | Getty Images China is considering a rescue package backed by offshore money to stave off a slump in its struggling stock markets, according to Bloomberg News. The report, citing people familiar with the matter, said Chinese […]
Bank of Japan expectedly retains its ultra-loose policy
Bank of Japan governor Kazuo Ueda gestures as he speaks during a press conference following a monetary policy meeting at the Bank of Japan’s headquarters in Tokyo on July 28, 2023. The Bank of Japan on July 28 eased its grip on its ultra-loose monetary policy in a small step […]
Tencent’s Riot Games division cuts 11% of staff to ‘create focus’
Ma ”Pony” Huateng, chairman and chief executive officer of Tencent Holdings Ltd., speaks during the Guangdong-Hong Kong-Macao Greater Bay Area Forum in Hong Kong, China, on Tuesday, June 20, 2017. In an unusual move, Ma has chosen to convene a summit of government academics and business chieftains in Hong Kong […]
Cramer taps Eli Lilly as a new member of the ‘Magnificent Seven’ if Tesla earnings falter
CNBC’s Jim Cramer on Monday suggested Tesla could lose its spot in the “Magnificent Seven” megacap stocks list. He said he’s waiting to see results from the electric vehicle giant’s upcoming earnings report, but said Tesla may have hit a “growth pause,” compared to its Big Tech peers that are […]
New details emerge about SEC’s X account hack, including SIM swap
The U.S. Securities and Exchange Commission said on Monday that a SIM swap attack was to blame for the breach of its official account on X, formerly known as Twitter, earlier this month. On Jan. 9, an unauthorized party gained access to the @SECGov account and displayed a fake post […]
‘It’s really bad’: China strategist warns of deflation and rock-bottom consumer confidence
BEIJNG, CHINA – NOVEMBER 13: Illuminated skyscrapers stand at the central business district at sunset on November 13, 2023 in Beijing, China. (Photo by Gao Zehong/VCG via Getty Images) Vcg | Visual China Group | Getty Images Deflation may soon start biting into Chinese growth, as Beijing looks at another […]
Can Haley beat Trump? A New Hampshire VFW hall spotlights her stark enthusiasm gap
Republican presidential candidate and former U.S. Ambassador to the United Nations Nikki Haley takes the stage at a Get Out the Vote campaign rally ahead of the New Hampshire primary election in Exeter, New Hampshire, U.S., January 21, 2024. Brian Snyder | Reuters FRANKLIN, N.H. — Nikki Haley is throwing […]
YouTube star MrBeast makes more than $263,000 in X video, but calls it ‘a bit of a facade’
YouTube personality Jimmy Donaldson, better known as MrBeast, arrives for the 36th Annual Nickelodeon Kids’ Choice Awards at the Microsoft Theater in Los Angeles on March 4, 2023. Michael Tran | Afp | Getty Images Jimmy Donaldson, the internet sensation known as MrBeast, recently took his talents to X, formerly […]