Keith Gill, a Reddit user credited with inspiring GameStop's rally, during a YouTube livestream arranged on a laptop at the New York Stock Exchange on June 7, 2024.Michael Nagle | Bloomberg | Getty ImagesGameStop shares fell about 12% on Monday as the meme stock extended Friday's sell-off sparked by a dismal...
Category: Investing
Apollo’s co-president said it is one of the few private equity firms OK with higher rates
Back in December 2023, when the market was pricing in six or so rate cuts, Apollo Asset Management Co-President Scott Kleinman had a more contrarian view: He said he'd be betting against any rate cuts in 2024. That call so far has paid off. But higher-for-longer rates haven't necessarily been a tailwind for...
Now you can invest in Elon Musk’s xAI through Cathie Wood’s ARK Venture Fund
Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Bitcoin 2022 conference in Miami, Florida, U.S., on Thursday, April 7, 2022.Eva Marie Uzcategui | Bloomberg | Getty ImagesCathie Wood's ARK Invest has taken a stake in Elon Musk's startup xAI as she deepens her big bet...
Op-ed: How activist investors are deactivating with proxy battle losses
Jeffrey Sonnenfeld, Yale School of ManagementScott Mlyn | CNBCAs this year's proxy season draws to a close, defeat after defeat for activist investors in proxy fights this year โ most prominently at Disney and Norfolk Southern โ raises the question: Are activist investors increasingly getting de-activated, losing their credibility and...
Berkshire cuts Apple investment by about 13%, Buffett hints that it’s for tax reasons
OMAHA, Nebraska โ Warren Buffett's Berkshire Hathaway cut its gigantic Apple stake in the first quarter as the "Oracle of Omaha" continued to downsize his one-time favorite bet.In its first-quarter earnings report released Saturday, Berkshire Hathaway reported that its Apple bet was worth $135.4 billion, implying around 790 million shares....