Ken Griffin’s Citadel posted a 15.3% return in its main Wellington hedge fund last year, per Bloomberg. Billionaire investor Ken Griffin's diverse hedge fund strategies within Citadel all achieved double-digit returns in 2023, although they fell short of outperforming the S&P 500. The multistrategy

A war over Taiwan could deliver a $10 trillion shock to the world economy, per Bloomberg. The potential conflict over Taiwan would carry an immense human and economic cost, estimated at approximately $10 trillion by Bloomberg Economics, equivalent to about 10% of global GDP. This staggering figure surpasses the impacts

Apple, $AAPL, iPhone sales in China fall 30% in first week of 2024 The primary driver behind the significant double-digit decrease in China's smartphone shipments during the first week was the decline in Apple's sales, according to a note released by the brokerage on Sunday. Despite

Executives believe nearly half of the skills that exist in today’s workforce won’t be relevant just two years from now, thanks to artificial intelligence, per Forbes. A recent survey conducted by edX, involving 800 executives and 800 employees, has revealed striking predictions regarding the future landscape of workplace

The full implications of China achieving a 2.5% growth rate are still being comprehended, even in Beijing. A key consideration is that if the U.S. grows at 1.5%, with comparable inflation rates and a stable exchange rate, China might not surpass the United States as the world&

Cryptocurrency company Ripple Labs, $XRP, is buying back $285 million worth of shares in the company from early investors and employees, per Reuters. The investment, also referred to as a tender offer, assessed the company's value at $11.3 billion. According to undisclosed sources, investors are limited to

Here is the full approval doc: https://www.sec.gov/files/rules/sro/nysearca/2024/fg-89shlq.pdf Images incase links go down: page 1: https://gyazo.com/60eb2a728c40a614ec3975df021797a9 page 2: https://gyazo.com/f423143e720f14b8ea193af74019c0af page 3: https://gyazo.com/be900027bf87a42003c4853dd3e35371 page 4: https://gyazo.com/5faf4cb45d1e1bac804b3df25bf2845c page 5: https://gyazo.

According to a Twitter post by X Safety, Twitter/X said: We can confirm that the account @SECGov was compromised and we have completed a preliminary investigation. Based on our investigation, the compromise was not due to any breach of X’s systems, but rather due to an unidentified individual

Bernie Sanders has said: This is what oligarchy is about. Today just 3 Wall Street firms, BlackRock, Vanguard & State Street manage $20.7 trillion in assets. These 3 firms are major shareholders in 95% of S&P 500 companies, U.S. Senator Bernie Sanders has once again criticized

Elizabeth Warren has said: Since the Great Recession, institutional investors have bought up hundreds of thousands of single-family homes, hoovering up a significant chunk of the housing supply and hiking rents by double digit margins. Democratic legislators in both the U.S. House of Representatives and the U.S. Senate

Mortgage rates will stay above 6% through 2025, Goldman Sachs has said. Goldman Sachs has adjusted its forecast, anticipating a decrease in 30-year mortgage rates to 6.3% by the close of 2024 and a further dip to 6% in 2025 as the Federal Reserve initiates interest rate reductions. This

As lab diamonds have gained popularity, the cost of all diamonds has dropped, per Axios. As the popularity of lab diamonds rises, the overall cost of diamonds has decreased. A recent survey by trade publication InStore revealed that approximately 63% of independent jewelers in the U.S. now offer lab

X has announced it would begin rolling out a peer-to-peer payment service similar to Venmo or PayPal this year, per Frobes. X has revealed plans to introduce a peer-to-peer payment service akin to Venmo or PayPal later this year. In an official blog post, the company highlighted the new feature

Chair Gary Gensler clarified on Twitter that the U.S. Securities and Exchange Committee's official account was hacked, following a misleading tweet about the approval of spot Bitcoin ETFs. He stated, “The @SECGov twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved

Blackrock is reportedly to lay off approximately 600 employees, mainly from their ESG division,, per FOX. BlackRock is reportedly set to undergo job cuts affecting approximately 600 employees, characterized internally as routine and similar to last year's layoffs based on performance metrics. Despite a rebound in BlackRock'

Recent Gallup survey data reveals that Americans are reporting higher rates of diabetes diagnoses, reduced adherence to healthy eating, increased cholesterol levels, and decreased confidence compared to pre-pandemic times. This pandemic-related trend is seen as contributing to record-high levels of obesity and diabetes. In 2023, 38% of American adults were

Realtors face billions in damages for overcharging home buyers and sellers, per BI. In November, The National Association of Realtors (NAR) and several real estate firms have been directed to pay $1.8 billion in damages following a federal jury ruling in Missouri, which determined that they conspired to artificially

46% of Gen Z don't think college is worth the cost, per YouGov. In a recent survey conducted by Business Insider in collaboration with YouGov, over 1,800 Americans spanning five generations, with more than 600 respondents from Generation Z aged 18 and above, were asked about their