The Titan submersible that was traveling to the depths of the sunken Titanic disappeared nearly a year ago today and was later found to have imploded during its descent, killing five people. Now, another billionaire is reportedly preparing to make that same journey — also in a submersible, though one built by a different company. […]
NASA’s iconic Hubble observatory still has years of life left in it, and there are ideas in the works to perhaps keep it going for longer — but those proposals may be facing uphill battles. The Hubble Space Telescope, launched in 1990, has been serviced five times by astronauts and remains in good health. But […]
One of the best ways to get a glimpse into the minds of prominent investors is to look at their 13F filings. These forms are required by the Securities and Exchange Commission (SEC) and break down the buying and selling activity of large institutional money managers. Recently, I parsed through the 13F of Third Point, […]
Who’s the greatest living hedge fund manager? A good case can be made for Ken Griffin. Citadel, which he founded in 1990, is one of the biggest and most successful hedge funds. Griffin’s net worth stands at nearly $38 billion, enough to land him the No. 42 spot among the wealthiest people in the world. […]
This coming Sunday, May 26, will mark the 128th “birthday” for Wall Street’s most iconic stock index, the Dow Jones Industrial Average (DJINDICES: ^DJI). When the Dow was first introduced in 1896, it was comprised of 12 predominantly industrial companies. Today, it’s a mix of 30 time-tested, multinational businesses from an assortment of sectors and […]
David Tepper appears to be firmly on the artificial intelligence (AI) bandwagon. All of his top-10 holdings have close AI connections. The billionaire investor doesn’t seem to be as bullish about some of those AI stocks as he once was, though. In the first quarter, Tepper sold shares of Amazon, Google parent Alphabet, Microsoft, Facebook […]
Stan Druckenmiller made a lot of money investing in Nvidia (NASDAQ: NVDA), but he’s finally taken some of his profits off the table. The former hedge fund manager and George Soros lieutenant first invested in Nvidia for his portfolio at his Duquesne Family Office in late 2022. He added a significant amount to his position […]
By Anastasia Lyrchikova and Alexander Marrow MOSCOW (Reuters) – Billionaire Alexey Mordashov has proposed creating a Russian consortium to invest billions in developing an alternative to the widely-used business software made by Germany’s SAP, which curtailed its operations in Russia over the Ukraine conflict. SAP announced plans to exit Russia in April 2022 and allowed […]
Billionaire hedge fund pioneer Paul Tudor Jones of Tudor Investment reduced his stake in chip giant Nvidia in the first quarter, undoubtedly making a tidy profit on the sale. He then funneled that money into a new investment in embattled fintech company PayPal (NASDAQ: PYPL). Jones wasn’t the only investor making this move, as Philippe […]
The clouds weren’t alone in making it rain at the commencement ceremony at the University of Massachusetts Dartmouth last week. On stage, billionaire philanthropist Rob Hale surprised the graduating class of more than 1,000 by pointing to a nearby truck holding envelopes stuffed with cash. Huddling under ponchos and umbrellas at the soggy ceremony, the […]
Graduates at the University of Massachusetts Dartmouth received more than flowers and a commemorative degree frame this weekend when a commencement guest surprised them with envelopes full of cash. Granite Telecommunications founder and CEO Robert Hale, Jr. attended the ceremony on Saturday in anticipation of receiving the Chancellor’s Medal for his work in local philanthropy. True […]
Bill Ackman is one of the world’s best-known investors and runs an extremely concentrated portfolio. In this video, Travis Hoium covers the small changes he made in the first quarter and where he has $10.8 billion invested today. *Stock prices used were end-of-day prices of May 18, 2024. The video was published on May 20, […]