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☆ Things are about to get weird for homebuyers and sellers
▼ + stars: | 2024-03-17 | by ( Matt Turner | Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers. Ban or no ban, TikTok is under pressure. Now, we're about to enter a new age of experimentation as buyers and sellers start thinking hard about how they'll pay their agents, and how much. More of this week's top readsThe Insider Today team: Matt Turner, deputy editor-in-chief, in New York.

Persons: —, TikTok, Bytedance, Biden, Donald Trump, Steven Mnuchin, Anson Chan, sarayut Thaneerat, Tyler Le, Ken Griffin, Ambition, Theresa Sue Mubenga, who's, Matt Turner, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan Organizations: Service, Business, Senate, Apple, Medical Properties Trust, Citadel, Miami, Citadel Securities, Wall, Workers, National Association of Realtors, Oxford Locations: China, Chicago, Miami, New York

☆ Citadel's relocation to Miami was a success. But can Ken Griffin get the rest of Wall Street to do it?
▼ + stars: | 2024-03-15 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at how two of the most powerful Wall Street firms are doing two years after relocating to Miami . Nearly two years ago the billionaire uprooted his hedge fund, Citadel, and market maker, Citadel Securities, from their Chicago headquarters to Miami. Employees at Citadel and Citadel Securities spoke to Business Insider's Emmalyse Brownstein about life in the new HQ . Shares tumbled 55% after The Wall Street Journal reported that Fisker had hired restructuring advisors to assist with a possible bankruptcy filing.

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We're buying 25 shares of Palo Alto Networks (PANW), at roughly $191.39 apiece. Following Monday's trade, Jim Cramer's Charitable Trust will own 250 shares of PANW, increasing its weighting in the portfolio to 1.8% from 1.62%. We're making one small buy Monday, picking up shares of cybersecurity leader Palo Alto Networks on recent weakness. Within the cybersecurity ecosphere, Palo Alto Networks has differentiated itself as a share gainer and major beneficiary of enterprises consolidating their security budgets. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

We're buying 75 shares of Palo Alto Networks (PANW) at roughly $168.57 a piece. When we initiated our position in Palo Alto Networks on Wednesday, we started small but said we would welcome the opportunity to buy up more shares should the stock pull back. At the same time, even with shares down, we haven't seen any news to alter our thinking on the opportunity that lies ahead for Palo Alto Networks. A negative is that the Palo Alto stock is expensive relative to earnings. Our small buy today gives us the opportunity to further add to the position should shares pull back more following Palo Alto Network's fiscal second-quarter results on Tuesday.

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