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What to Know About Congestion Pricing
  + stars: | 2024-11-14 | by ( Winnie Hu | Ana Ley | ) www.nytimes.com   time to read: +1 min
New York is once again moving to adopt the nation’s first-of-its-kind congestion pricing program to ease traffic and raise money for mass transit. That means drivers may have to pay to enter the most congested parts of Manhattan as soon as early January. Kathy Hochul had revived the tolling plan, which she abruptly paused in June over concerns that it could slow New York City’s post-pandemic recovery. But now, five months later, Ms. Hochul has brought back the program with reduced tolls. Mr. Trump has vowed to kill the program in his first week in office.
Persons: Kathy Hochul, Hochul, Donald J, Trump Organizations: Federal Highway Administration, Gov, Metropolitan Transportation Authority Locations: York, Manhattan
Amid rising costs, Saudi Arabia is scaling back Neom plans to focus on sports venues. The new city faces financial challenges, leadership changes, and scrutiny over human rights issues. AdvertisementSaudi Arabia is changing plans for mega-city Neom to cut costs and prioritize building for international sporting events. Governments and human rights groups have also scrutinized alleged human rights abuses, including of migrant workers building Neom. In July, Saudi Arabia rejected allegations that three men were sentenced to death because they criticized evictions to make way for the Neom project.
Persons: , Neom, Francois Nel Organizations: Service, Reuters, Games, NEOM Beach, Neom Locations: Saudi Arabia, New York City, Saudi
As he has done several times before, Einhorn pointed a finger at passive, index investors: "The passive people, they don't care what the value is." "I view the markets as fundamentally broken," Einhorn said back in February on Barry Ritholtz's "Masters in Business" podcast. "You have these companies, and all they do is they manage these expectations, right?," Einhorn told Picker. This is causing great pain to value investors like Einhorn, many of whom have seen cash flee their funds. Another reason for long-term underperformance by active managers: They are competing against other active managers who have very little competitive edge against each other.
Persons: David Einhorn, Greenlight Capital's David Einhorn, Leslie Picker, Einhorn, It's, Picker, Barry Ritholtz's, Rob Arnott, Arnott, there's, doesn't, RAFI, you'd, I'm Organizations: Greenlight Capital, CNBC Delivering Alpha Investor, Alpha, CNH, Interactive, Cornell grad, Research Affiliates, P Global Locations: New York City, U.S
The Trust portfolio is what we use for the CNBC Investing Club. Back in April 2018, Trump ruled then-Twitter — now X and under the ownership of Trump efficiency czar Elon Musk . It was labeled "Trump stock" and a professional announcer, the deep-voice guy we used to use all of the time at the network, recorded it. I pushed the button whenever I was sure that a stock could somehow do well under the first Trump administration. There was no "Trump Stock," "Trump Stock" button pressing for Amazon that day.
Persons: Donald Trump, Trump, He's, Elon Musk, Lisa, Jeff Marks, Jeff, , Mark Zuckerberg, Zuckerberg, Jim Cramer's, Jim Cramer, Jim, Republican Donald Trump, Andrew Kelly Organizations: Dow Jones, Trump, CNBC, Twitter, Amazon, Facebook, Meta, New York Stock Exchange, Republican, U.S Locations: Bahamas, Butler , Pennsylvania, U.S, New York City
When I moved to London with my husband just almost two years ago it was a major culture shock. Job hunting and finding friends was a challenge, but the free healthcare has been invaluable. The job hunt was a culture shock for meAs a New York-qualified attorney, I was used to a competitive job hunt involving dozens of applications, multiple interviews, and aggressive salary negotiations. But London's work-life balance has been a huge reliefI'm not burned out from work in London like I was in NYC. Though I miss my family and friends in New York City, London is now home for the foreseeable future.
Persons: Pooja Shah I, Pooja Shah, It's, aren't, I've, I'm Organizations: National Health Service Locations: New Yorker, London, Queens, Flushing, New York, East, Asia, New York City
AdvertisementTop Goldman officials denied any plans to cut Carter's department and said she had upgraded Goldman's marketing capabilities. "It sounds like a few people have a quaint understanding of marketing at Goldman Sachs," a Goldman spokesman, Tony Fratto, said. They turned to the consulting giant McKinsey, which recommended Goldman increase its marketing budget and hire a chief marketing officer, these people said. Related storiesAs AT&T's chief brand officer, Carter handled sports sponsorships, advertising, and diversity messaging in a division headed by the telecom giant's global marketing officer, Lori Lee. PATRICK T. FALLON/AFP via Getty ImagesIn recent weeks, Goldman's marketing team has suffered more departures.
Persons: Goldman Sachs, Goldman, Fiona Carter, Carter, David Solomon's, Solomon, Tony Fratto, It's, Goldman dealmaker, , John Waldron, Lori Lee, Robert De Niro, Katie Holmes, John Rogers, Waldron, Rogers, Fratto, Sean Zanni, Jake Siewert, Maria dal, speechwriting, Dal Pan, Goldman Sachs SAUL LOEB, Matt Gibson, David Solomon, PATRICK T, FALLON, Jason Hill, snagging, There's, Russell Horwitz, Goldman's, Horwitz, " Horwitz, Emmalyse Brownstein, Reed Alexander Organizations: Goldman, Business, Forbes, McKinsey, T's, Hollywood, Tribeca Film, Goldman's New, BI, AFP, Formula One United, Prix, Getty, White Locations: Sachs, Goldman's, Goldman's New York City, Formula One United States, Austin , Texas, York City
Rudy Giuliani (C) arrives at the New York court following a judge's order compelling his appearance in the defamation case filed by Georgia election workers in New York, United States on November 07, 2024. Lawyers representing Rudy Giuliani in a lawsuit related to a massive defamation judgment against him are seeking to quit the case in New York federal court, citing significant disagreements with the former Trump campaign attorney over how to handle the matter. Giuliani's spokesman, Ted Goodman, in a statement to CNBC, said, "Mayor Giuliani has not been informed by Mr. Caruso of this action." Giuliani represented Trump on the heels of the 2020 election, when the then-president was seeking to reverse his loss to President Joe Biden. Giuliani during that time falsely claimed that Ruby Freeman and Wandrea Moss committed ballot fraud at a Georgia vote-counting site.
Persons: Rudy Giuliani, Kenneth Caruso, David Labkowski, Donald Trump, Caruso, Judge Lewis Liman, Liman, Giuliani, Ted Goodman, Mayor Giuliani, Goodman, Joe Biden, Ruby Freeman, Wandrea Moss Organizations: New, Lawyers, Trump, New York City, CNBC, Washington , D.C, Benz Locations: New York, Georgia, United States, U.S, Manhattan, Washington ,
CNN —Visitors to New York City’s famed Flatiron Building may have noticed the landmark’s lesser-known neighbor — a narrow high-rise that would be modest if not for its extravagant gold dome. Now, the 5,777-square-foot penthouse that occupies the shimmering dome (and the two-story octagonal cupola it crowns) is on sale for $25 million. The five-bedroom, five-bathroom property sits atop 170 Fifth Avenue, which was built in 1898 and predates the Flatiron Building by four years. The building has been standing four years longer than its famous neighbor, the Flatiron Building. Alexander Alland, Jr. /Corbis Historical/Getty ImagesHaving once contained various businesses, including a publishing house, 170 Fifth Avenue was converted into a condominium at the turn of the millennium.
Persons: Eitan Gamliely, , Lawrence Treglia, it’s, Treglia, Robert Maynicke, Maynicke, Jay Maisel, Alexander Alland, Gregory C, Carr, ” Treglia Organizations: CNN, Visitors, New York Times, Tiffany Locations: New York, York, preschools, Mozambique
S&P 500 futures are near flat Thursday night as investors wondered what's next for the market after the postelection rally wavered. Futures tied to the Dow Jones Industrial Average lost 25 points, or 0.1%. S&P 500 futures also slipped 0.1%, while Nasdaq 100 futures shed 0.2%. The Dow fell more than 200 points in the session, while the S&P 500 and Nasdaq Composite each slipped about 0.6%. The Nasdaq Composite has dropped 0.9% this week, while the S&P 500 and Dow have shed 0.8% and 0.5%, respectively.
Persons: what's, Pizza, Berkshire Hathaway, Dow, Stocks, Jerome Powell, Donald Trump's, Sam Stovall Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Materials, Berkshire, Federal, Dow, CFRA Locations: New York City, Dallas
One of the surest bets when the Federal Reserve began cutting interest rates was for bond prices to rise while yields came under pressure, but that hasn't played out according to plan. This market, which has defied so many historical patterns, has kept the pressure on bond yields up due to a variety of factors, including more persistent concerns about the federal deficit. But her bigger concern remains on the bond side of the markets. She said investors will be "more wary" given the election rally and the pulling forward of expectations about tax cuts and regulation and expectations they will contribute to growth. But it is in the bond market where investors should expect even more volatility.
Persons: hasn't, Donald's Trump, Anne Walsh, Nelson Peltz Organizations: Federal Reserve, Guggenheim Partners Investment Management, CNBC's, Alpha, DA Locations: New York City
Reuters —Europe’s biggest meal delivery firm, Just Eat Takeaway, said on Wednesday it had struck a deal to sell its U.S. unit Grubhub to Wonder for $650 million, sending its shares soaring 20% in early trading. “Just Eat Takeaway is at last putting an end to its disastrous U.S. journey,” Bryan Garnier analyst Clement Genelot said, noting the group had destroyed more than $7 billion in shareholder value there. Grubhub’s enterprise value of $650 million includes $500 million of senior notes and $150 million cash, Wonder said in a statement. Just Eat CEO Jitse Groen had in February said the M&A environment was not easy in the U.S., where fee caps cost the group some $100 million per year. JPMorgan said in a note it had argued for an about $1.2 billion valuation for Grubhub in the past, but the market would view the long-awaited deal as positive even at a lower valuation.
Persons: Reuters —, ” Bryan Garnier, Clement Genelot, Wonder, Marc Lore, Jitse Groen, DoorDash, Uber Organizations: Reuters, Walmart, Wall, JPMorgan Locations: Amsterdam, Chicago, New York City, U.S, Australia, Canada, New Zealand, France, Tuesday’s
The healthcare startup Forward bet the future of its business on a spaceshiplike mall kiosk in Roseville, California. AdvertisementEleven former Forward employees spoke with BI before the closure on the condition of anonymity to avoid retribution from the company. Two former employees told BI that, at that time, the startup was set to run out of money in less than a year. Lea Suzuki/The San Francisco Chronicle via Getty ImagesThe CarePods came with many financial and logistical challenges, former employees told BI. Most former employees BI spoke with said they still believed in Forward's mission.
Persons: , Elon, Adrian Aoun, Axios, Forward's, fundraise, Forward, Rob Price, Larry Page's, Aoun, Rebecca Torrence, iPads, hadn't, he'd, Lea Suzuki, CarePod, CarePods Organizations: Google, Business, Forward, Apple, San Francisco, Getty, BI Locations: Roseville , California, Roseville, Chicago, New York City, Forward's San Francisco, Forward's Washington, DC, Washington ,, San Francisco, Washington, Dallas, Bellevue , Washington, Sacramento, Chandler , Arizona, Chicago's Willis, Galleria, there's
CNN —Argentine delegates at the COP29 United Nations climate summit in Baku, Azerbaijan, have been ordered to withdraw from negotiations and return home, according to a source at the country’s foreign ministry. He is expected to travel to the United States this week to attend a Conservative Political Action Conference (CPAC) summit at Mar-a-Lago, Florida. Milei came to power less than a year ago, running on a libertarian platform, and has since implemented drastic social and economic measures in Argentina. Other cuts to public services have so far included shutting down the Argentina national press agency Télam and several ministries. Abortions were legalized in Argentina in 2021 in all cases up to 14 weeks of pregnancy.
Persons: Donald Trump’s, Trump, Biden, , , John Podesta, Javier Milei, ” Milei, Milei, ” Javier Milei, UNGA, Michael M, Diana Mondino, CNNE, Donald Trump, Trump’s Organizations: CNN, Argentine, COP29, White, UN, Assembly, United Nations, Conservative Political, Argentina national Locations: Nations, Baku, Azerbaijan, Paris, Argentina, New York City, Cuba, Venezuela, United States, Mar, Lago , Florida, Buenos Aires
AdvertisementI've lived in Canada for more than a decade, and though it's not perfect, I prefer it to the US. Traveling in Canada can be more expensive, but my husband and I have found ways to make it work. Add on the promise of Canadian healthcare, and we were close to nirvana. After living for more than a decade in Canada, we've come to realize that the country is far from perfect. AdvertisementI prefer living in Canada to the United StatesCanada's healthcare system is a big attraction for many in the US.
Persons: I've, it's, we'd, they'd, Canada —, we've, Bruce Yuanyue Bi, I'm Organizations: Cosmopolitan, Toronto — Locations: Canada, Toronto, Midwest, New York City, California, Laurentian, Ontario, Yukon, Nigeria, Russia, Pakistan, Mexico, China, Peru, United States, Canadian
I went from NYC to the Pennsylvania suburbs because I work remotely and wanted a better apartment. I love not having to rely on public transportation anymore, but driving at night can get scary. AdvertisementI grew up in Staten Island, a borough of New York City, and lived there almost my entire life until last summer. I've gotten more comfortable driving as I've done it more, but I hadn't expected such a steep learning curve. A lot of the friends I've made up here are also engaged, married, or in serious relationships.
Persons: I've, they've, , Gary Hershorn Organizations: Service Locations: NYC, Pennsylvania, Staten Island, New York City, Manhattan, Staten, Jersey City
The effect of pay transparency laws on states
  + stars: | 2024-11-13 | by ( Jeanne Sahadi | ) edition.cnn.com   time to read: +6 min
The net effect for employers and employeesWhile only a minority of states require employers to provide pay transparency, their laws are having a domino effect on employers across the United States. “The majority of top-performing organizations (57%) embrace pay transparency and share pay ranges even when not required by law,” Payscale’s report noted. How pay transparency is helping individualsWhile there are federal laws prohibiting wage discrimination based on gender and other protected classifications, most states also have their own pay equity laws on the books. Wieselthier considers pay transparency laws a subset of pay equity because they provide a tool people can use to ensure they’re being paid fairly. “The whole purpose of pay transparency laws is to empower the candidates to negotiate,” Seikaly said.
Persons: Jersey —, Phil Murphy, , Sarah Wieselthier, Fisher Phillips, That’s, ” Wieselthier, Gen Z, Zers, Lulu Seikaly, , Payscale, , Wieselthier, ” Seikaly, , Seikaly Organizations: CNN, Locations: Washington, California , Colorado , Connecticut, Hawaii , Illinois, Maryland , Massachusetts, Minnesota , Nevada , New York, Rhode Island , Vermont, Illinois , Massachusetts, Minnesota, Vermont, Jersey, Jersey City , New Jersey, Cincinnati, Toledo, Ohio, New York City, Ithaca, Westchester County, New York State, United States
I was in the White House before. The Bidens have similarly spent significant time at the family’s Delaware homes, though the White House has been both Joe and Jill Biden’s primary residence on weekdays for the past four years. I don’t feel that way,” Melania Trump told Fox News’ Ainsley Earhardt last month. The prospect of a first lady declining to live full time at the White House offers a remarkable break in precedent but should not be surprising to those who have long observed Melania Trump. In this May 2018 photo, Melania Trump arrives during a "Be Best" initiative event in the Rose Garden of the White House in Washington, DC.
Persons: Washington CNN — Melania Trump, she’ll, Jill Biden, Joe Biden, Donald Trump’s, Melania Trump, Trump, “ I’m, ” Trump, Donald Trump, Jill Biden’s, Barron, Barron Trump, ” Melania Trump, Ainsley Earhardt, … He’s, , Kate Bennett, Melania Trump’s, Biden, children’s, Al Drago, Bennett, , Stephanie Grisham, , Stephanie Winston Wolkoff, Winston Wolkoff, Laura Bush, Michelle Obama, Rosalynn Carter, “ wasn’t, Rebecca Wright, that’s, ” Bennett Organizations: Washington CNN, CNN, White, Fox News, Mar, New York University, Trump, White House, CNN White House, , Bloomberg, Getty, East Wing, SSRS, Palm, , Republican National Convention Locations: Washington, New York City, Palm Beach , Florida, Lago, Bedminster , New Jersey, Delaware, Florida, New York, Madison, West Palm Beach, Rose, Washington , DC, McAllen , Texas, Palm Beach and New York, Milwaukee
Traders work on the floor at the New York Stock Exchange (NYSE), after Republican Donald Trump won the U.S. presidential election, in New York City, U.S., November 6, 2024. U.S. stocks slid on Thursday, as fresh comments from Federal Reserve Chair Jerome Powell signaled that economic strength could warrant some patience with future rate cuts. The Dow Jones Industrial Average slipped 189 points, or 0.4%, after falling more than 250 points at the lows of the session. "The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully," Powell said. Those moves come after the October producer price index released Thursday rose 0.2%, matching forecasts from economists polled by Dow Jones.
Persons: Republican Donald Trump, Jerome Powell, Stocks, Powell, Tesla, Dow Jones, Donald Trump's, Jay Woods Organizations: New York Stock Exchange, Republican, U.S, Federal, Dow Jones, Nasdaq, Trump, Russell, PPI, Dow, Freedom Capital Locations: New York City, U.S, Dallas
The BlackRock logo is pictured outside the company's headquarters in the Manhattan borough of New York City on May 25, 2021. BlackRock has expanded its tokenized money market fund to include several more blockchains. The investment manager said Wednesday that its USD Institutional Digital Liquidity Fund (BUIDL) is now available to investors on the Aptos; Arbitrum; Avalanche; OP Mainnet, formerly known as Optimism; and Polygon blockchains. The BUIDL fund, which BlackRock debuted two months after iShares Bitcoin Trust, its popular bitcoin exchange-traded fund, gives investors an opportunity to earn U.S. dollar yields through a blockchain-based vehicle. The BUIDL fund is tokenized by Securitize, a company BlackRock has invested in that specializes in the tokenization of real-world assets.
Persons: iShares, Robert Mitchnick, Donald Trump's, Trump, Biden, Coinbase Organizations: Institutional, Avalanche, Ethereum, BlackRock, U.S, Metrics, U.S . Securities, Exchange Commission, SEC, Binance Locations: BlackRock, Manhattan, New York City, cryptocurrencies
In today’s edition, national political correspondent Steve Kornacki breaks down the blue areas across the country where Donald Trump expanded his coalition. These five jurisdictions help tell the story of where and how Trump expanded his coalition the most dramatically. When Trump ran in 2016, he was crushed in Lawrence, an old mill city on the Merrimack River, by 66 points. Trump transition watchPresident-elect Donald Trump is continuing the process of building out his administration, tapping allies for key posts. DeSantis does not have to listen to Trump, after the two men saw their relationship fray amid DeSantis’ national rise and his failed 2024 presidential campaign.
Persons: Steve Kornacki, Donald Trump, Matt Dixon, Trump's, Sen, Marco Rubio, Trump, Steve Kornacki Donald Trump, Biden, Harris, Loudoun, Democrats ’, Kristi Noem, Noem, Rubio, Mike Huckabee, Mike Waltz, Waltz, Christopher Wray, Wray, Kash Patel, Ron DeSantis, Lara, wouldn’t, Lara Trump, Trump’s, James Uthmeier, Commerce Wilbur Ross, Uthmeier, Read Organizations: NBC, White House, Capitol, Trump, Puerto Ricans, Puerto Rico, GOP, Democrats, Democratic, Republican, South Dakota Gov, Department of Homeland Security, Foreign Relations, Intelligence, Arkansas Gov, Russia, CIA, Trump’s Cabinet, Florida Gov, Senate, State Department, Commerce Locations: Florida, Osceola County , Florida, Orlando, Puerto, Trump’s, Trump’s Puerto Rican, Lawrence , Massachusetts, Massachusetts, Lawrence, Merrimack, Loudoun County , Virginia, Rockland County , New York, New York City, Rockland, America, McKinley County , New Mexico, McKinley, New Mexico, Marco Rubio of Florida, U.S, Israel, China, Ukraine, Matt Dixon TALLAHASSEE, Fla
Amid a presidential loss and hand-wringing over the wreckage, congressional gains for Democrats in New York state are one of the small bright spots shining out from the party’s bleak results. The Democratic Party lost five competitive House races in this blue state two years ago — the exact margin by which they lost the House majority. One key ingredient isn’t available everywhere: Democrats redrew the state political maps early this year, though that move gave some Democrats heartburn at the time. In the aftermath of 2022, three top New York Democrats — Gov. Internal polling from the House GOP campaign arm across the seven competitive House districts showed Harris trailing Biden’s margins – and even giving Trump an edge.
Persons: Kamala Harris underperformed, Joe Biden, heartburn, Hochul, Harris, Josh Riley, It’s, they’re, Biden, ” Riley, “ We’ve, ” It’s, Kathy Hochul, Sen, Kirsten Gillibrand, Hakeem Jeffries —, Coke, Syracuse University —, , , , you’d, aren’t Organizations: Democratic Party, redrew, Democratic, , NBC, Congressional, Democrats, New York Democrats — Gov, NBC News, Syracuse University, Pepsi, Republicans, Republican, stoke, GOP, Trump Locations: New York, Riley’s, , York, Wisconsin, New York City
The judge overseeing Donald Trump's New York criminal trial delayed a key ruling Tuesday on whether the president-elect's conviction should be set aside, according to correspondence between the parties. The court has granted them a week's delay to provide their position, the clerk informed both sides in a court filing. Donald Trump outside the courtroom as jurors began deliberating at his criminal trial at Manhattan Criminal Court on May 29, 2024 in New York City. Trump was convicted in May on 34 felony counts related to hush money payments made to adult film actress Stormy Daniels. The Justice Department is now winding down the two federal criminal cases against the former and future president.
Persons: Donald Trump's, Trump, Judge Juan Merchan, Matthew Colangelo, Donald Trump, Doug Mills, Alvin Bragg's, Stormy Daniels, Merchan, Fani, Willis Organizations: Manhattan Criminal, The, Trump, Justice, department’s, Trump : Fulton, NBC News Locations: York, New York City, Manhattan, New York, Trump : Fulton County, Georgia
Saturday Night Live” cast member Chloe Fineman appeared to solve a mystery Monday about which recent “SNL” host made someone cry: She said that the host was tech billionaire Elon Musk and that she was the one in tears. In August, fellow cast member Bowen Yang said on a podcast that a male “SNL” host made multiple cast members cry because the host hated their ideas for sketches. “I’m gonna come out and say, at long last, that I’m the cast member that he made cry and he’s the host that made someone cry,” she said in the video. Musk didn’t immediately respond to a request for comment late Monday about Fineman’s video. Fineman didn’t say which sketch it was, but she said it made it onto the show and turned out well.
Persons: Chloe Fineman, Elon Musk, Bowen Yang, Yang didn’t, John Nacion, Fineman, I’m, , Wario, ” Fineman, , Musk wasn’t, Musk, Donald Trump, Kamala Harris, Dana Carvey’s, ” Musk, “ You’re Organizations: SNL, Getty, SpaceX, NBC, “ SNL Locations: New York City
Three U.S. airlines have suspended flights to Haiti after a Spirit Airlines jet was struck by gunfire. Some see Rubio as one of the “less MAGA” options but is still someone “Trump’s base could trust,” a Trump ally said. Trump’s first Cabinet pick was Rep. Elise Stefanik of New York, to serve as ambassador to the United Nations. Hours later Trump announced his second Cabinet selection, former Rep. Lee Zeldin, to oversee the Environmental Protection Agency. The State Department is advising against travel to Haiti in the midst of violent political turmoil.
Persons: Donald Trump, Trump, Patrick T, Fallon, Donald Trump’s, Sen, Marco Rubio, Rubio, , Trump’s, Elise Stefanik, Lee Zeldin, Zeldin, Joe Biden’s, Stephen Miller, Miller, Mike Waltz, Ruben Gallego, Republican Kari Lake, ➡️ Trump, Christopher Wray, ➡️, , MAGA, , Kayla Smith, Jillaine St.Michel, Rebecca Vincen, Brown, Julie Lyons, Emily Corrigan, Jennifer Adkins, Richard Allen, Crews, Aaron Rodgers, Peter Guo, Calpak, Elizabeth Robinson Organizations: Spirit Airlines, Getty, United Nations, The, Republican Conference, Trump, Environmental Protection Agency, Trump’s Cabinet, Green Beret, Armed Services, Foreign Affairs, Intelligence, Democratic, Republican, Senate, State Department, JetBlue, New York City, American Airlines, The State Department, Women, Center for Reproductive, East, New York Jets, Riding Army, NBC, Walmart, Casper Locations: U.S, Haiti, AFP, Marco Rubio of Florida, New York, Israel, Gaza, Florida, Afghanistan, East, Africa, He’s, Arizona, Fort Lauderdale , Florida, Port, Prince, Dominican Republic, Miami, Idaho, Portland , Oregon, Ada County, Indiana, Delphi, West, New Jersey, California, China, Kaifeng, Asia
Hedge fund investor David Einhorn's cautious stance all year made his performance suffer as he navigated what he believes is the priciest stock market of his career at Greenlight Capital. Einhorn's hedge fund returned just 9% in 2024 through the end of the third quarter, net of fees and expenses. The high-profile investor said he's neither calling the market a bubble nor being outright bearish, but sky-high prices caused him to be conservatively positioned. It is, by many measures, the most expensive stock market that we have seen since the founding of Greenlight," Einhorn said in the latest investor letter last month. Investors will be interested to hear if he's still finding any values.
Persons: David Einhorn's, he's, Einhorn, Greenlight, Einhorn postelection, Viatris Organizations: Greenlight, Alpha, Trump Locations: Einhorn's, Greenlight, New York City
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