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Ken Griffin says Fed has not done enough, must continue on its path to reset inflation expectations

Ken Griffin says Fed has not done enough, must continue on its path to reset inflation expectations

[ad_1] Ken Griffin, Citadel's founder and CEO, believes the Federal Reserve has more work to do to bring down inflation even after a series of big rate hikes."We should continue on the path that we're on to ensure that we reanchor inflation expectations," Griffin said at CNBC's Delivering Alpha Investor

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Elon Musk and Cathie Wood knock passive index investing, saying it’s gone too far

Elon Musk and Cathie Wood knock passive index investing, saying it’s gone too far

[ad_1] Cathie Wood, chief executive officer and chief investment officer, Ark Invest, gestures as she speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022 in Miami, Florida.Marco Bello | Getty ImagesElon Musk and Cathie Wood took aim at index funds in a Twitter thread,

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Paul Tudor Jones says he can’t think of a worse financial environment for stocks or bonds right now

Paul Tudor Jones says he can’t think of a worse financial environment for stocks or bonds right now

[ad_1] Billionaire hedge fund manager Paul Tudor Jones said the environment for investors is worse than ever as the Federal Reserve is raising interest rates when financial conditions have already become increasingly tight."You can't think of a worse environment than where we are right now for financial assets," Jones said Tuesday

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Citadel’s flagship hedge fund rallied 7% in April during turmoil, brings 2022 returns to nearly 13%

Citadel’s flagship hedge fund rallied 7% in April during turmoil, brings 2022 returns to nearly 13%

[ad_1] Ken Griffin, Founder and CEO, CitadelMike Blake | ReutersBillionaire investor Ken Griffin's hedge fund wowed the industry with big outperformance in April, overcoming a brutal market rout and extreme volatility.Citadel's multistrategy flagship fund Wellington rallied 7.5% last month, bringing its year-to-date performance to 12.7%, according to a person familiar

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Buffett bought more Apple last quarter and says he would have added more if the stock didn’t rebound

Buffett bought more Apple last quarter and says he would have added more if the stock didn’t rebound

[ad_1] Warren Buffett and Charlie Munger at Berkshire Hathaway shareholder meeting, April 30, 2022.CNBCWarren Buffett bought the dip in his No. 1 stock Apple during the tech giant's sell-off in the first quarter.Berkshire Hathaway's Chairman and CEO told CNBC's Becky Quick that he scooped up $600 million worth of Apple

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Stock futures are flat after the Nasdaq posts worst month since 2008

Stock futures are flat after the Nasdaq posts worst month since 2008

[ad_1] Traders work on the floor of the New York Stock Exchange. NYSEU.S. stock index futures were flat during overnight trading Sunday after the Nasdaq Composite Index posted its worst month since 2008, pressured by rising rates, rampant inflation, and underwhelming earnings from some of the largest technology companies.Futures contracts tied

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Warren Buffett gives his most expansive explanation for why he doesn’t believe in bitcoin

Warren Buffett gives his most expansive explanation for why he doesn’t believe in bitcoin

[ad_1] Bitcoin has steadily been gaining acceptance from the traditional finance and investment world in recent years but Warren Buffett is sticking to his skeptical stance on bitcoin.He said at the Berkshire Hathaway Annual Shareholder meeting Saturday that it's not a productive asset and it doesn't produce anything tangible. Despite

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Warren Buffett says Berkshire owns 9.5% of Activision Blizzard shares in merger arbitrage bet

Warren Buffett says Berkshire owns 9.5% of Activision Blizzard shares in merger arbitrage bet

[ad_1] Warren Buffett on Saturday said Berkshire Hathaway has been increasing its stake in Activision Blizzard in a merger arbitrage play, betting that Microsoft's proposed acquisition of the video game company will close.Berkshire now owns about 9.5% of Activision shares, Buffett said at the company's annual shareholder meeting."Occasionally I'll see

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Charlie Munger says the Robinhood trading app is justly ‘unraveling’ for ‘disgusting’ practices

Charlie Munger says the Robinhood trading app is justly ‘unraveling’ for ‘disgusting’ practices

[ad_1] Berkshire Hathaway Vice Chairman Charlie Munger blasted stock trading app Robinhood on Saturday, saying the company is now "unraveling.""It's so easy to overdo a good idea. ... Look what happened to Robinhood from its peak to its trough. Wasn't that pretty obvious that something like that was going to

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Warren Buffett rips Wall Street for turning the stock market into ‘a gambling parlor’

Warren Buffett rips Wall Street for turning the stock market into ‘a gambling parlor’

[ad_1] Berkshire Hathaway CEO Warren Buffett lambasted Wall Street for encouraging speculative behavior in the stock market, effectively turning it into a "gambling parlor."Buffett, 91, spoke at length during his annual shareholder meeting Saturday about one of his favorite targets for criticism: investment banks and brokerages."Wall Street makes money, one

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