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AUSTIN HEDGES
Zohran Mamdani pushes 2% millionaire tax on NYC’s richest — is there a mayhem ahead for the rich?Mamdani’s proposal has faced strong pushback from business leaders and fiscal conservatives, with hedge fund manager Bill Ackman labeling t...- This tech stock looks cheap, and billionaire Bill Ackman has doubled down on it, accumulating over 30 million shares; here's why he is gung-ho about itBillionaire Bill Ackman has made huge bets in favour of Uber, specifically predicting huge growth potential in ride-sharing, food delivery,...
- China funds look to Mideast cash as US investments waneThe search for new capital could affect Asia's hedge fund scene, where China firms account for more than half the market. Brokers and ancil...
- MLB trade deadline 2023: Major League Baseball deadline comes to an end, who are winners and losers, and why?As the Major League Baseball (MLB) trade deadline comes to an end Tuesday, some of the clubs have emerged winners, while some others have l...
- Zoom's abandoned Five9 deal shows hurdles to expansionAnalysts said Zoom's stock would likely remain volatile until investors establish what the prospects of its business will be once the pande...
- US pulls missile defences in Saudi Arabia amid Yemen attacksA satellite image seen by the AP in late August showed some of the batteries removed from the area, though activity and vehicles still coul...
- Taming the Dragon: General Austin’s India visit signals a rebalancing initiativeApart from furthering military ties, General Austin’s India visit signals a rebalancing initiative where Washington and New Delhi are not w...
- Tesla short sellers lost $38 billion in 2020 as stock surgedThis “is not only the largest mark-to-market loss for any stock this year, it is the largest yearly mark-to-market loss I have ever seen,” ...
- Bitcoin adds market share as crypto winter turns glorious summerBitcoin rallied 51 per cent since the beginning of May; Ether, rose 29 per cent.
- Second-biggest crypto coin loses mojo as apps move elsewhereEthereum developers are working to improve the network’s throughput and transaction speeds, with major improvements expected within months.
- Hottest crypto coin's massive rally echoes bitcoin's glory daysBinance made about $400 million last year, and expects profits of about the same amount, or a little more, which it receives in cryptocurre...
- Oil gloom turns to boom as China and US Fed allay worst fearsHedge funds boosted their net wagers on rising Brent prices by 9% in the week ended Jan.15.
- Baseball-Highlights of Friday's MLB gamesBASEBALL-MLB-HIGHLIGHTS/:Baseball-Highlights of Friday's MLB games
- Baseball-Highlights of Monday's MLB gamesBASEBALL-MLB-HIGHLIGHTS/:Baseball-Highlights of Monday's MLB games
- Good news for crude oil market: Opec finally has an upper hand on US shaleHedge funds boosted bets on higher WTI crude prices a second week as futures topped $53 a barrel for the first time in a month, US data sho...
- $300 million venture fund arm of Dell planning to invest in Indian startup ecosystemDell revived its plans to instage startups and signaled its intentions by announcing a fund called the Strategic Innovation Fund.
- RBI to allow greater flexibility in securities' pricing“It has been decided in consultation with the Government of India to introduce greater flexibility in the pricing of instruments/securities...
- Firms with piles of bonds prompt probeThe lopsided bond market has caught the attention of the US Securities and Exchange Commission. Not only is the SEC examining whether the b...
- 10 Indians in Forbes '30 under 30' list10 Indian-origin young turks have been named in a Forbes list of "tomorrow's brightest stars" who are "reinventing the world".
- Brokers flee brokerages as falling assets show broken modelOver 7,300 brokers have left the four biggest brokerages from 2009 till June this year either due to internal clashes post mergers or to jo...
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