U.S. existing home sales fall for 10th straight month in November
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- S&P 500 notches record-high close as rate-hike worries ease
- Oil settles down 2% on weak demand outlook, hefty US crude build
- BofA lifts server CPU TAM to $210bn+ on the rise of AI agents
- Burry doubles down on Nebius short after stock surges 34% on earnings
- JPMorgan gets bullish on Salesforce, says concerns are "overblown"
Third Point's Loeb says Cathie Wood has 'stonk hodlers' mentality
December 21, 2022 1:42 PM ESTBillionaire investor Dan Loeb isn't impressed with ARK's Cathie Wood, according to a tweet posted on Wednesday.
Loeb, who runs New York-based Third Point, said Wood's memo should be used "as a treatise to study the mindset of stonk hodlers."
Wood has seen rising rates and surging inflation significantly impact her exchange-traded funds in 2022, with stocks... More
On form Citadel and other hedge funds to return some profits to clients in 2023 - WSJ
December 21, 2022 12:23 PM ESTCitadel is expected to return around $7 billion in profits to clients based on what it expects to be its most profitable year ever, The Wall Street Journal reported Wednesday.
Citing people familiar with the firm, the WSJ said Citadel's flagship fund is up about 32% for the year through November,... More
