Billionaire Israel Englander Sold 90% of His Palantir Stock and Is Buying an AI Stock Partnered With Amazon and Google
Israel Englander's Millennium Management is one of the most successful hedge funds in history as measured by net gains since inception.The billionaire sold 90% of his stake in Palantir Technologies during the third quarter, while more than quadrupling his stake in Pinterest.Pinterest has partnered with Amazon and Google to boost advertising demand on its platform, and the stock looks like a bargain at its current price.
Reddit's Stock Soars 40% After Social-Media Platform Turns a Profit, Beats Q3 Sales and Earnings Estimates
$Reddit(RDDT)$'s shares were up more than 40% on Wednesday after it reported robust growth in revenue and daily active users, with the latter surging to nearly 100 million during the third quarter.$Re
U.S. stocks fell Thursday, despite the increased likelihood of a September rate cut as well as a healthy outlook from tech giant Meta Platforms, as data raised concerns about slowing economic activity. At 11:18 ET (13:35 GMT), the Dow Jones Industrial Average fell 462 points, or 1.13%, the S&P 500 declined 35 points, or 0.6%, and the NASDAQ Composite dropped 156 points, or 0.9%. The decline comes as initial jobless claims increased to 249,000 for the week ended in July 27, higher than expected, while the ISM manufacturing index for July came in at 46.8, below the 48.2 forecast. The data adds to concerns regarding slowing economic activity. Fed says rate cuts are close, flags inflation progress The Fed kept interest rates unchanged at the conclusion of a two-day meeting on Wednesday,
Desperately seeking staff: Paris Airshow lets jobless in for free
By Allison Lampert and Tim Hepher PARIS, June 23 (Reuters) - Jean Blondin usually attends the world's largest air show to find new contracts. This year, he has made the journey from Canada to loo