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And I think I’m the best qualified to win,” Biden told reporters at the NATO summit. CNN reported Thursday evening that Pelosi and former President Barack Obama have spoken privately about Biden and the future of his campaign. Another deeply painful ordealNo president has undergone a trial by news conference like the one Biden endured. And shortly afterwards, when a reporter asked Biden to weigh in on the qualities of his vice president, he referred to “Vice President Trump” instead of Kamala Harris. Tennessee Rep. Steve Cohen told CNN’s Anderson Cooper that Democrats need to stop their “fantasy games” and unite to beat Trump.
Persons: Joe Biden’s, Biden, Donald Trump, , ” Biden, , Jim Himes —, Nancy Pelosi, Biden’s, Pelosi, Barack Obama, poignantly, Trump —, George H.W, Bush —, Trump, Volodymyr Zelensky, Vladimir Putin, Nikki Haley, Trump ”, Kamala Harris, pollsters, CNN’s Edward, Issac Dovere, Jeff Zeleny, Obama, , MAGA, CNN’s MJ Lee, Himes, CNN’s Kaitlan Collins, you’re, Steve Cohen, CNN’s Anderson Cooper, I’m Organizations: CNN, NATO, Trump, Democratic, South Carolina Gov, White, House Intelligence, Connecticut Democrat, Tennessee Locations: West, Russian, Atlanta, Washington, Connecticut, United States of America
One by one, Democratic members of Congress began to stream out of the Democratic National Committee's headquarters on Tuesday morning. House Democrats had convened to discuss Biden's future. The number of Democratic lawmakers publicly calling for Biden to withdraw remains in the single digits. Rep. Summer Lee wears headphones as she departs House Democrats' meeting at the DNC on Tuesday. On Tuesday afternoon, hours after House Democrats' DNC meeting, Rep. Mikie Sherill of New Jersey became the seventh to call for Biden to step down.
Persons: Steve Cohen, Tennessee, We're, Summer Lee, Mike Quigley of, Biden, Adam Schiff of, Joe Biden's, Mike Quigley, Bryan Metzger, he's, John McDonnell, He's, , Greg Landsman, Ohio, Landsman, Dean Phillips, Phillips, Mike Mansfield, Lyndon B, they're, it's, Chuck Schumer, Patty Murray, Maria Cantwell, Schumer, Alex Wong, Rachel Scott, Scott, I've, Joe, CNN's Manu Raju, Murray, Jon Tester, Sherrod Brown of, Michael Bennet of, Bennet, Sen, Amy Klobuchar, Tom Williams, Kamala Harris, Mikie, Democrats aren't, Nancy Pelosi, It's, Tim Kaine, Virginia, Kaine, I'm Organizations: Service, Democratic, Democratic National, Democrats, DNC, Capitol, Capitol ., Democrat, Congressional Black Caucus, AP, House Democrat, Biden, White, NATO, Trump, Montana, Civil, Republican, CNN, Getty, Democratic Party, Monday, MSNBC Locations: Pennsylvania, Mike Quigley of Illinois, Adam Schiff of California, Washington ,, Minnesota, Ohio, Sens, Washington, Sherrod Brown of Ohio, Michael Bennet of Colorado, New Jersey, Richmond
The nature of illegal lockouts means they are hard to track directly. One of the responding officers calls a sergeant over, who says there's nothing else they can do. While only 14% of lockout calls led to a police report, 86% of calls about shoplifting did. As they walk over, one of the officers tells the other to look up "illegal lockout" on his phone. A 2006 bill that would have defined illegal lockouts for all Illinois residents was defeated.
Persons: Alfred Perry, He'd, Perry, Dan Wright, Perry didn't, Wright, Bridget Bennett, Dan hadn't, I'd, he'd, Charlie Bliss, Matthew Desmond, Lockouts, Jersey City's, haven't, he's, David Leibowitz, Leibowitz, , Pretium —, Kristi DesJarlais, Siegel, Sean Thueson ​, , Thueson, Blackstone, lockouts, Pretium, Katherine Kelly, RealPage, Jennifer Bowcock, William Prosser ,, they're, Donna Rossi, Sara Heymann, Meghan Aguilar, Misty Skinner, Skinner, Levi Wilhelm, It's, hasn't, I've, Wilhelm, they'd, Jeffrey Uno, Deirdre Orange, isn't, Daniel Benavidez, Jenny Chavez, criminalizing, Rob Bonta, Eric Carter, John Bartlett, Carter, Fred Fuchs, Steve Cohen, Michael Bennet, Sarah Saadian, Douglas Farrar, Kelly, Fuchs, Heymann, who've Organizations: Labor, Chrysler, Social Security, Business, North Las Vegas Police Department, Child Protective Services, Las Vegas Justice, Atlanta Legal, Atlanta Police Department, Atlanta, Supreme, Department of Housing, Los Angeles Police Department, Houston —, Arizona, Housing Association, Invitation Homes, Siegel, Siegel Group, Blackstone ., Progress, Homes, Union, city's Housing Department, Miami, Police, Houston, Houston Police Department, Phoenix, Criminal, Chicago, Chicago Department, LAPD, Records, Jersey City, Las Vegas Metropolitan Police Department, Las Vegas Metro Police, Legal, Foundation of Los, Phoenix Police Department, Fulton County Marshal's Department, Avondale Police Department, Avondale Police, Metropolitan Tenants Organization, Texas Justice Court, Court Training Center, Illinois, National Weather Service, Democratic, Senate, Income Housing Coalition, Consumer Financial Protection Bureau, Federal Trade Commission, FTC, AGs Locations: Las Vegas, Detroit, Vegas, United States, Perry's, Princeton, Milwaukee, Los Angeles, Chicago, Atlanta, South Chicago, Phoenix, Jersey, New Jersey, Jersey City, Houston, Nevada, . Texas, Harris County, Texas, Arizona, Washington, city's, Atlanta , Miami, California, New York City, Spring Valley, Spring Valley , Nevada, Las, Foundation of Los Angeles, Avondale , Arizona, Arkansas, Georgia , Mississippi, Pennsylvania, Wyoming, In Connecticut , Massachusetts, Minnesota , New Jersey, New York, Delaware, Illinois
In today's big story, a tough sales report for Tesla can't slow the EV maker's turnaround . After a dreadful start to the year, the EV maker has been running on all cylinders on a full charge. Tesla's polarizing CEO also notched a massive victory when investors approved Elon Musk's $55 billion pay plan . But what is new at Tesla, and what sparked the company's recent market rally, are big promises from its CEO. As automakers reconsider their EV strategy , Tesla has figured out how to build cars cheaper than anyone else .
Persons: , I'm, Tesla, Jordan Strauss, Chelsea Jia Feng, Insider's Nora Naughton, BI's Filip De Mott, hasn't, Karol Serewis, Musk's, Nora, it's, he's, Musk, Apu Gomes, Steve Cohen's Point72, Ken Griffin's, Mark O'Hare, Larry Fink, execs, Marc Benioff, trouncing, It's, Jenny Chang, Rodriguez, they've, Morgan Stanley, Beryl, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Amanda Yen Organizations: Service, Business, Chelsea, Wall, Elon Musk's, Getty Images, Getty, Ken Griffin's Citadel, BlackRock, EU, Google, YouTube Locations: Wick, Jamaica, New York, London
Schonfeld, Point72, and Citadel lead the way after 2024's first half. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe most well-known hedge funds in the industry have made money in 2024, but lag the overall market through the first half of the year. Point72 and Citadel, run by billionaires Steve Cohen and Ken Griffin, respectively, are up 8.7% and 8.1%, according to people close to the firms. This story is available exclusively to Business Insider subscribers.
Persons: Michael Gelband's ExodusPoint, , Schonfeld, Steve Cohen, Ken Griffin Organizations: Citadel, Service, Millennium, Business Locations: Point72
The launch of Jain Global has dominated industry gossip since its founder left Millennium Management, where the 53-year-old Jain was Izzy Englander's right-hand man, in late 2022. And more specifically, scalability without incremental cost," Jonathan Barton, the firm's chief operating officer, said in an interview with BI. Starting from a clean sheet of paper gave Jain Global certain advantages, said one senior banker who worked closely with the new manager as it built out its teams and systems. 3Forge, a specialty-software provider, worked with Jain Global to build the interface that connects all the systems for PMs, the risk team, and management. In five to 10 years, Jain Global hopes it won't need a sprawling business-development function because a strong talent pipeline will have developed inside the firm.
Persons: , Bobby Jain's, Jain, Izzy Englander's, It's, Morgan Stanley, Griffin's, Steve Cohen's Point72, Michael Gelband's, redemptions, Jonathan Barton, Barton, — Barton, it's, Bobby, Paul Enright, Sam Kellie, Smith, David Hochberg, Enright, Hochberg, there's, Jon Caplis, Caplis, they're Organizations: Service, Jain Global, Millennium Management, Business, UBS, Citadel, Bank of America, Meru Capital Group, Jain, Credit Suisse, Viking Global, Macquarie, Investors, Bloomberg Locations: Singapore, Balyasny, New York, Houston, London, Hong Kong, York, Lane, Meru, Asia, PivotalPath
Steve Cohen, chairman and CEO of Point72, speaking to CNBC on April 3, 2024. The firm is aiming to raise $1 billion, with Cohen himself and Point72 employees expected to contribute, the person added. He has called AI a "really durable theme" for investing, comparing the rise to the technological developments in the 1990s. I think the markets are discounting some of what we … think AI is going to do for companies," the Point72 founder said in a CNBC interview in April. Cohen said his investment firm found a way to save $25 million by using large language models such as ChatGPT to improve efficiency.
Persons: Steve Cohen, Steve Cohen's Point72, Cohen, Point72 Organizations: CNBC, Bloomberg News, Nvidia, Mets
In today's big story, we're looking at all the takeaways from Apple's big event , including its friendlier spin on artificial intelligence . Related VideoBut first, it's not AI; it's Apple Intelligence. Apple Intelligence — it's AI, just not that AI — is the company's first big swing in the space. Data is the name of the game when it comes to AI, and Apple's iPhones are full of it. However, the Apple Intelligence news and partnership with OpenAI is what really set the billionaire off.
Persons: , we've, it's, Andrew Burton, Justin Sullivan, Rebecca Zisser, Tim Cook, Apple, Apple's, Insider's Jordan Hart, Katie Notopoulos, Pro Max, BI's Peter Kafka, Max —, wasn't, Elon Musk, Chelsea Jia Feng, Grzegorz Wajda, Elon, Bernstein, Toni Sacconaghi, Point72, Steve Cohen's, WallStreetBets, Tyler Le, OpenAI, Sarah Friar, Kevin Weil, who's, Sam Altman's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith Organizations: Service, Business, Tech, Apple Intelligence, Washington, Getty, Apple, Pro, Elon, OpenAI, Academy Investment, GameStop, Planet Labs, Oracle Locations: Apple's, Chelsea, Silicon, New York, London
Hedge funds and other buy-side firms have traditionally relied on investment banks as the primary source for culling entry-level talent. On Monday, June 10, 55 fresh-faced college students will start the first day of an eight-week summer training at Point72 — the firm's largest ever. Jim McIsaac/Getty ImagesThe summer aheadThis year, Point72 received a record of more than 30,000 applications, giving the Point72 Academy Investment Analyst Summer Internship an acceptance rate of under 1%. Related storiesSuccessful summer interns — who are college students between their junior and senior years — are invited to return to join the Point72 Academy after graduation. Last year, about 74% of the interns got a return offer to join the full-time Academy, and 97% accepted, Goodfriend said.
Persons: Jaimi Goodfriend, Point72, Goodfriend, Steve Cohen, Jim McIsaac, there's, , they'll, I've, they've, It's Organizations: Service, Business, Big Tech, Point72, BI, Point72 Academy Investment, Point72 Academy, Academy, Mets, NY Locations: Point72, New York City, Stamford , Chicago, San Francisco, West Palm Beach , Miami, London, Hong Kong, Tokyo, Singapore
"I think it may be leading to some rethink into the consideration of letting private equity, as an example, or institutional investors into the NFL." While U.S. pro sports leagues had prohibited private equity investors previously, they've largely softened their stances in recent years, aside from letting any firm be a controlling owner of a team. "We've got a lot of interest in the private equity space," NFL Commissioner Roger Goodell said at the league's spring meeting in May. "We are making real progress on potential private equity. Ross Sorkin asked Harris if allowing private equity investors into sports would have any negative impacts on the teams or the league's overarching strategy as those investors look toward an exit.
Persons: Harris, Andrew Ross Sorkin, Magic Johnson, Eric Schmidt, David Blitzer, Jeff Bezos, Dan Snyder, Apollo Global Management —, Josh Harris, David Tepper, Rob Walton, Mat Ishbia, Joe Tsai, Steve Cohen, We've, Roger Goodell, Goodell, Ross Sorkin, Stanley Kroenke, I've, Kroenke Organizations: NFL, CNBC, Summit, Washington , D.C, Blackstone Group, 76ers, Devils, Amazon, NBA's Philadelphia 76ers, New Jersey Devils, Premier, Apollo Global Management, Washington Commanders, Carolina Panthers, Walmart, Denver Broncos, United Wholesale Mortgage, Phoenix Suns, Brooklyn Nets, New York Mets, MLB, Guggenheim Baseball Management, Los Angeles Dodgers, U.S, PE, NBA, Los Angeles Rams Locations: Washington ,
Mr. Met poses before the game between the Chicago Cubs and the New York Mets at Citi Field. To that end, the Mets will be working on development, production and distribution with Range Sports, a division of entertainment management firm Range Media Partners. Mets owner and hedge fund manager Steve Cohen is a minority investor in Range through his Point72 Ventures fund. The Mets will be focused on a variety of content, Havens said, from players talking about fashion or what they do in the offseason to storytelling around the culture of Mets fans. "That opens up a bunch of new opportunities to engage Mets fans and non-Mets fans," Havens said.
Persons: it's, Steve Cohen, John Malone's Liberty, David Bonderman, Scott Havens, Havens, Pete Alonso, Jorge Lopez, Will Funk, Greg Luckman, Bradley Cooper, Jack Harlow, Brock Purdy, LIV, WWE's, Cohen Organizations: Chicago Cubs, New York Mets, Citi Field, The New York Mets, Major League Baseball, NBA, NFL, Mets, Sports, Range Media Partners, Point72 Ventures, John, John Malone's Liberty Global, TPG, Business, Bloomberg Media, San Francisco 49ers, CW, LIV Golf, ACC football, WWE's NXT Locations: Queens , New York
A growing number of Democratic lawmakers called for Justice Samuel A. Alito Jr. to recuse himself from cases related to Jan. 6, 2021, and demanded new ethics rules for the Supreme Court after revelations that flags carried by rioters at the Capitol were flown outside his homes. With the Supreme Court just weeks away from issuing decisions on two major cases concerning former President Donald J. Trump’s efforts to overturn the 2020 election and the events of Jan. 6, lawmakers said the symbolism of the flags called into question Justice Alito’s neutrality. In an interview on Thursday, Representative Steve Cohen, a Democrat from Tennessee who has introduced a resolution to censure Justice Alito, said Congress needed to take the firm position that the justice’s actions were a violation of judicial propriety. “He’s not going to resign, he’s not going to recuse himself, and I don’t think Justice Roberts is going to be able to influence him in that regard,” he said, referring to Chief Justice John G. Roberts Jr. “So the best we can do is to kind of put a scarlet letter on him.”
Persons: Samuel A, Alito Jr, Donald J, Steve Cohen, Justice Alito, “ He’s, he’s, Roberts, , John G Organizations: Democratic, Capitol Locations: Tennessee
Millennium, Brevan Howard, Schonfeld, and ExodusPoint are just a few of the funds that have put roots down in either Abu Dhabi or Dubai. Meanwhile, Bridgewater's Ray Dalio bought a penthouse in Abu Dhabi as he compliments the country's policies. When one US-based hedge fund fundraiser met with Abu Dhabi officials late last year, he didn't expect much to come of it. He lauded everything from the Louvre outpost in Abu Dhabi to the warm weather to the responsiveness from government officials. A Bloomberg story on Abu Dhabi notes that it's fast-tracking country-club admissions for new wealthy immigrants.
Persons: , Brevan Howard, Schonfeld, Bridgewater's Ray Dalio, Austen Smart, Tighe, Smart, Alan Howard, Greg Coffey, Danny Yong, hoover, Doug Greenig, Morgan, Point72, Steve Cohen, Viking Global's Andreas Halvorsen, keynotes, Howard, Abu Dhabi, Craig Bergstrom, Bobby Jain's, Florin Court's Greenig, Abu, Floring Organizations: Service, United Arab Emirates, titans, Business, Tighe International, Florin Court Capital, Morgan Stanley's, Dubai Financial Services Authority, Abu, Abu Dhabi Investment Authority, Mubadala Investment Company, Corbin Capital, Abu Dhabi Global, Hong Kong, pats, Bloomberg Locations: Dubai, Abu Dhabi, London, New York, Mumbai, UAE, Asia, Switzerland, It's, Gaza, Iran, Palm, Europe, Cayman Islands, Jersey, Miami, San Franciso, Riyadh, Saudi
Last summer, thousands of tie-dyed Burners and Patagonia-clad tech founders converged on the MAPS Psychedelic Science conference in Denver. The experience "broke the spell of this trauma, and she was able to rebuild her life," Doblin told The Guardian . The video team's job was to store recordings of every MDMA therapy session performed in the clinical trials. Grof believes in something called an "inner healing intelligence," an innate capacity for self-healing that psychedelic therapy helps unleash. Another time, a patient who had come to an MDMA therapy session later acknowledged they had been under the influence of LSD during treatment.
Persons: Jaden Smith, Aaron Rodgers, bro, Andrew Huberman, Rick Doblin, Doblin, mainstreaming psychedelics, influencers, Johnson, Elizabeth Nielson, Aubrey Marcus, ayahuasca, Matthew Stockman, Helena —, Timothy Leary, , Hitler, Stanislav Grof, zombified, Brad Burge, Michael Mithoefer, Annie Mithoefer, Oprah, Sen, Joe Biden, MDMA's neurotoxicity, they'd, Albert Hofmann, David Bronner, Dr, Joe's, Bronner, Bronner's, Richard Rockefeller, John D, Rockefeller Jr, Rockefeller, Neşe, Johns Hopkins, who's, Devenot, Rick Friedman, Betty Aldworth, MAPS's multimillionaire, Tim Ferriss, Cody Swift, Zendo, Aldworth, Erica Siegal, Seth Whitelaw, Amy Emerson, JULIE JAMMOT, Ifetayo Harvey, Harvey, Lauren Unger, Unger, Casey Hardison, Harvey didn't, Hardison, Doblin's, Baylee Ybarra Gatlin, Gatlin, negligently, There's, Michael Pollan's, Steve Jurvetson, Elon Musk's who's, Genevieve, Steve Cohen, Alexandra, Mark Zuckerberg's, Dustin Moskovitz, Cari, Gwyneth Paltrow, Paltrow, Sergey Brin, Joe Green, Green, Zuckerberg, Genevieve Jurvetson, Michael Pollan, Jonathan Lubecky, he'd, Rebekah, Robert Mercer, Elizabeth Koch, Charles Koch, Rachel Nuwer, Koch, she'd, MAPS's, Elizabeth Crystal, Joe Rogan, didn't, Jesus Christ, Crystal, Meaghan Buisson, Richard Yensen, Donna, Yensen, Buisson, weren't, Robert, Rebekah Mercer, Sean Zanni, Grof, They've, Kayla Greenstien, it's, George Sarlo who'd, Vicky Dulai, Sarlo's, Dulai, Gul Dolen, Michael Mullette, who'd, Marla Aufmuth, Mullette, Lily Kay Ross, David Nickles, Ross, Greenstien, Rick, Lenny Ignelzi, biostatisticians, Lykos, Peter Thiel, Kara Swisher, Kris Lotlikar, Federico Menapace, Mo Septimus, Handout, Monnica, Williams, Lotlikar, Henry Elkus, Helena ., Elkus, Emerson, ICER Organizations: Science, New York Jets, rockstar, Multidisciplinary Association for Psychedelic Studies, Lykos Therapeutics, and Drug Administration, FDA, Business, Florida's New College, Jewish Telegraphic Agency, Sarasota Herald, Tribune, New College, Guardian, Drug, Harvard's Kennedy School of Government, eBay, Nevada, Doblin, Pentagon, Department of Veterans Affairs, Department of Defense, Staff, Corporation, PBC, pharma, New Yorker, New York Mets, Bloomberg, CBS, Breitbart, CBC News, BI, Porsche, Santa Cruz, New York Times, longtime, Mullette Corporation, New York, Health Canada, Compass, Sciences, Psychedelic Science, Whole Foods, McKinsey, Big Pharma, Vine Ventures, Lucid, Street Journal, Investments, Gawker, Publicly, PBC alums, Numinus, US Army Locations: Patagonia, Denver, Harvard, Colorado, Skokie , Illinois, Ireland, Czech, Sarasota, Arcturus, Florida, Swiss, Vietnam, Washington, Santa Cruz, Chicago, California, Iraq, British Columbia, New York, Hawaii, Santa, Nature, Moderna, Europe, Helena, Yale, Australia, Canada, Israel, Ukraine, ICER, . Upper
Unlike business development in corporate America, which focuses on growing a company's prospects with partners and clients, hedge fund BD teams specialize in scouting, evaluating, and wooing investment talent. AdvertisementFew have been involved in hedge fund BD longer than Jennifer Blake, Balyasny's global head. The fund's BD department remains in close contact with PMs after they join as a resource and advisor. Vernon Yuen/Getty Images$61 billion AUM2,200+ employeesAdvertisementKen Griffin's Citadel has outperformed not just its immediate rivals but every other hedge fund. He runs a team of about 20 as head of business development in the Americas, the largest region of the largest player in this space.
Persons: , Griffin's, Izzy Englander's, Goldman Sachs, Headcount, execs, Dmitry Balyasny, Brendan McDermid, Jennifer Blake, Balyasny's, Morgan Stanley, Dmitri Balyasny's, Blake, it's, Federico Chavarria, Balyasny, Dave Matz, Smith Hanley, Alistair Jacobs, Dave Black, Peter Appel, Federico Chavarria MD, Andrew McHugh, Jules Biolsi, Michael Platt, he's, BlueCrest, Michael Grad, Grad, Jake Lindsay, Mungo Strachan, BlueCrest's, Brevan Howard Brevan Howard, Alan Howard, Ringo Chiu, Brevan Howard, Alan Howard's, Aran Landy, Brevan, Abu, It's, Landy, Howard, Peter Hornick, David Abbou, Jonathan Candy, Gregoire Vidal, Vidal, Tim Williams, Andy Silver, Gautam, Ken Griffin, Vernon Yuen, Ken Griffin's, Griffin, Matt Giannini, Giannini, headhunter, Matt, I've, — Thomas DeAngelis, Lindsay Previdi, Rice, Dore, Eleanor Sharkey, Melinda Urban, Mark Hansen, Julian Ulmer, Mathur, Adam Sharkie, Michael Page, Eisler, Edward Eisler, Sam Wisnia, Chris Milner, Milner, Hilary Curran, Hilary Curran Global, Rebecca Zisser, Michael Gelband, Hornick, Jeff Gelband, Mike Tiano, Eric Han, Garrett Berg, Liu, APAC Blackstone, Euan Shand, Kevin Carroll, Emily, Needham, Ostendorf, Ben Levine, Stefan Renold, LMR, Marcus Fairhurst, He'd, LMR's, Izzy, Ronda, Singh, Mark Meskin, Justin Gmelich, Steve Keller, Benjamin Williams, Madhvani, Paritosh Singh, Ben Williams, Kristina Tully, Steven Cohen, Point72, Shayanne, Steve Cohen's, Harry Schwefel, Chandler, Steve Cohen, JT Shields, They're, Schwefel, Alyssa Friedman —, Chandler Bocklage, Reid Murphy, Jae Yang, Japan Goldman Sachs, Alyssa Friedman, Jackie Dai, Gabriel Sanders, Ajay, Steven Schonfeld, Michael Nagle, Steve Schonfeld's, Ryan Tolkin, Schonfeld, doesn't, Akshay Aggarwal, Alex Burns, Ryan McCort, Colin Lancaster, Mitesh, Sameer Buch, Brittany Lynch, DMFI, Goldman, Verition, Nicholas Maounis, Josh Goldstein, Brian Townes, Townes, Elizabeth Xiang MD, Vir, Steve Satenstein, Chris Svoboda, Will England, Thomas DeAngelis, DeAngelis, Jonathan Brenner, hasn't, Maureen Reed, John Sullivan, Brenner, Walleye's Organizations: Service, Management, Wall, Business, Balyasny, Balyasny Asset Management, Quadra Advisors, SAC, Macquarie, BD, UBS, Grad, Financial Times, Michael, Lascaux, Howard BD, Brevan, Argentum Advisors, BH Digital, McKinsey & Company, JPMorgan, Ken Griffin's Citadel, Citadel, Citadel's, decamping, Chicago, Citadel BD, Walleye Capital, of Surveyor, Millennium, Capital, Credit, Ashler, Rice, Deutsche Bank, LMR Partners, London, Dore Partnership, Soros, Soros Fund, Ronda Churchill, Bloomberg, Getty, Guggenheim, Industry, MLP, Americas Guggenheim, Americas Citadel, SAC Capital, SEC, Point72 Academy, Citigroup, BD Energi, Japan, EMEA, APAC BNP, Schonfeld, PAAMCO, KKR, DMC Partners, Topwater, LinkedIn, New, New Holland Capital, BD —, Walleye, Lehman Brothers, Hutchin, Putnam Investments, ~$ Locations: America, Asia, Balyasny, Blackstone, New Holland, Abu Dhabi, BlueCrest, Europe, Graticule, ExodusPoint, Hornick, Freestone, New York, Schonfeld, Brevan, he's, Aberdeen, Hong Kong, Zurich, Glasgow, Dubai, Americas, Point72, quant, Verition, London, Greenland, Minnesota, Citadel
"These numbers on abortion have gigantic implications for just about every large company in America," said Cyrus Beschloss, the CEO of The Generation Lab. The CNBC/Generation Lab survey was conducted between April 26 and May 2, and has a margin of error +/- 3.1%. Sour on the economyThe survey also found that respondents had a negative opinion of an economy many would consider robust. The survey showed that 54% of respondents feel inflation impacts them the most in "the cost of food." Offered two options of how the government should proceed with TikTok, a large majority — 70% — of survey respondents said it should "allow TikTok to keep operating as usual."
Persons: Elijah Nouvelage, Cyrus Beschloss, they're, Roe, Wade, Jerome Powell, Powell, Delano Saporu, Saporu, Joe Biden, Steve Cohen, workweek, Kennedy, Biden, Donald Trump, Daniel Steinle Organizations: Emory University, AFP, Getty, CNBC, U.S, Federal Reserve, New Street Advisors, Congress, New York Mets, Biden, Trump, Bloomberg Locations: Atlanta , Georgia, USA, America, Washington, U.S, Waukesha, Waukesha , Wisconsin
Billionaire Steve Cohen's Point72 has cut at least seven long-short equity portfolio managers. The firm, which is up 5.9% in 2024 through April, has dozens of portfolio managers across strategies. AdvertisementBillionaire Steve Cohen's Point72 has cut at least seven long-short equity portfolio managers, several people close to the fund told Business Insider. As of last September, the firm had 100 long-short portfolio managers. Five more macro portfolio managers joined the firm in March, Bloomberg previously reported, and the total number of macro teams now stands at more than 50.
Persons: Steve Cohen's Point72, , Brevan Howard, Schonfeld, Point72, Mo Grimeh Organizations: Service, Business, Bloomberg, Millennium
He also expects more go-getters will feel pressed to do the same as AI bores deeper into the workplace. Of course, if people need to oversee AI bots at all hours, workers could take on babysitting duty at different times of the day. But as he sees how AI will change how humans work, "people are going to get more and more tired — and busier," Gill said. Looking for a payoffNot everyone thinks AI will quash dreams of a four-day workweek. Whelehan said that, ultimately, management will decide whether AI will lead to job losses or enable a four-day workweek.
Persons: , Binny Gill, Gill, Steve Cohen, Emily Rose McRae, McRae, Simon Johnson, Johnson, Alexey Korotich, Korotich, Dale Whelehan, Whelehan, Kognitos Organizations: Service, Business, New York Mets, Gartner, Massachusetts Institute of Technology, International Monetary Fund
The big storyTick-tock on TikTokChelsea Jia Feng/BITikTok's time in the US could soon be on the clock. When it's all said and done, a TikTok ban could be in place before the week's end. Business Insider's Peter Kafka explains why the TikTok ban, while more imminent than ever, still has a long way to go . A TikTok ban would benefit one familiar face in social media, though, writes BI's Katie Notopoulos . YouTube Shorts, too, stand to grab more attention after a TikTok ban.
Persons: , Caitlin Clark's, Chelsea Jia Feng, ByteDance, Joe Biden, it's, Business Insider's Peter Kafka, Michael Beckerman, TikTok, hawking, BI's Lindsay Dodgson, outperforming, Katie Notopoulos, Merrill Lynch, Tyler Le, Andy Sieg's, Merrill, Lindsay Hans, Eric Schimpf, It's, Steve Cohen's, Grzegorz Wajda, Hokyoung Kim, Nordstrom, Tesla, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Nike, Bloomberg Intelligence, YouTube, Big Tech, New York Stock Exchange, NYSE, Chelsea, Getty, Walmart, BI, Costco, Amazon, Motors, Spotify Locations: Americas, TikTok, Merrill, China, American, New York, London
The New York Stock Exchange is considering going 24/7, the FT reported. The exchange polled market participants about the merits of round-the-clock trading, per the outlet. Meanwhile, a Steve Cohen-backed startup is seeking SEC approval for a 24-hour exchange. AdvertisementIn a move that may be appropriate for the city that doesn't sleep, as the song goes, the New York Stock Exchange is mulling whether trading should take place around the clock. The Financial Times reported on Monday that the NYSE's data analytics team had polled market participants about the merits of being open 24 hours a day.
Persons: Steve Cohen, Organizations: New York Stock Exchange, SEC, Service, Financial Times, Treasury, Business
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Chriss — who joined the long-running quant-focused multi-strategy firm in May of 2023 — is "no longer with Paloma," according to a letter sent to the firm's investors Monday. Chriss had been at Millennium for five years prior to joining Paloma and founded his own hedge fund, Hutchin Hill, in 2007. Paloma declined to comment on the rationale for his departure, and Chriss did not respond to requests for comment. But it was not all growth for Paloma while Chriss was at the helm.
Persons: , Neil Chriss's, Paloma, Chriss —, Chriss, Donald Sussman, Ravi Singh, Goldman Sachs, Chris LaSusa, LaSusa, Steve Cohen, Shaw, Ritter Organizations: Service, Paloma, Business, Industry, Intelligence, Goldman, KCL, D.E, Capital, Ritter Alpha Locations: Hill, Greenwich, New York, Manhattan, Minnesota
CNBC Daily Open: Disney wins proxy showdown
  + stars: | 2024-04-04 | by ( Clement Tan | In Clemtan | )   time to read: +2 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nick Caldwell, now chief product officer at Peloton, is claiming Musk and X "cheated" him and other executives out of a combined $200,000,000 in severance benefits. This lawsuit is similar to the one filed by other Twitter executives, including ex-CEO Parag Agrawal, claiming they were owed $128 million in unpaid severance. [PRO] Autos winnersA Tesla short-seller named two auto stocks that he believes have the potential to deliver 100% upside for investors.
Persons: Robert Iger, Mickey Mouse, Jerome Powell, Steve Cohen, David Einhorn, Elon Musk, Nick Caldwell, Parag Agrawal, Tesla Organizations: Walt Disney Company, New, Children's Hospital, Children's Hospital Los Angeles, CNBC, Dow Jones, Intel, Nasdaq, Fed, U.S, Elon, Twitter Locations: Children's Hospital Los, Los Angeles , California
CNBC Daily Open: Disney wins proxy fight
  + stars: | 2024-04-04 | by ( Clement Tan | In Clemtan | )   time to read: +2 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Korea leads AsiaKorea led stock market gains in Asia-Pacific on Thursday, with markets in Hong Kong, China and Taiwan shut for a public holiday. U.S. Secretary of State Antony Blinken is also due to visit China again later this year. [PRO] Autos winnersA Tesla short-seller named two auto stocks that he believes have the potential to deliver 100% upside for investors.
Persons: Robert Iger, Mickey Mouse, Korea's, Jerome Powell, Steve Cohen, David Einhorn, Henry V, Janet Yellen, Antony Blinken, Tesla Organizations: Walt Disney Company, New, Children's Hospital, Children's Hospital Los Angeles, CNBC, Nikkei, Dow Jones, Intel, Nasdaq, Fed, Treasury Locations: Children's Hospital Los, Los Angeles , California, Korea, Asia Korea, Asia, Pacific, Hong Kong, China, Taiwan, U.S, Yellen, China U.S
In today's big story, we're looking at a Wall Street billionaire's prediction that the four-day workweek is coming . Billionaire hedge fund manager and New York Mets owner Steve Cohen said a four-day workweek is inevitable , Business Insider's Matthew Fox writes. Cohen put his money where his mouth is regarding the four-day workweek. As the newest four-day workweek fan club member, Cohen must be interested in implementing it at his hedge fund, Point72. Maybe the four-day workweek represents the olive branch companies can extend to get people back to their desks.
Persons: , Jack, Dave Kotinsky, Rebecca Zisser, Steve Cohen, Matthew Fox, I'd, Cohen,, Yuki Iwamura, Jerome Powell, Powell, Tesla, Brooks Kraft, OpenAI's, Logan Kilpatrick, Kilpatrick, Carl Godfrey, Bob Iger, Nelson Peltz, Iger, he's, he'll, Goldman Sachs, David Solomon, Joe Lewis, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, United Airlines, Boeing, Business, Lincoln Center, Billionaire, New York Mets, CNBC, Mets, Technologies, Workers, Federal, JPMorgan, Brooks, Brooks Kraft LLC, Getty, Services, Google, Bloomberg, BI, Reuters Locations: York, New York, London
Companies may eventually transition to four days in person, with a flexible Friday option, according to Barry Diller. Which is what is going to lead to — I think sensibly — not necessarily a four-day work week, but four days in the office, and Fridays you can work from home or work at your own schedule." In the wake of the Covid-19 pandemic, companies have gravitated toward flexible working schedules, but the multitude of options has created some "chaos" at companies, according to Diller. Diller isn't the only investor calling for a more flexible working norm. During an interview with CNBC's "Squawk Box" on Wednesday, Mets owner Steve Cohen said that the growth of artificial intelligence could lead to a shortened four-day work week.
Persons: Barry Diller, CNBC's, Diller, Steve Cohen Organizations: IAC, Wednesday, Mets
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