[ad_1] Ken Griffin, Citadel at CNBC’s Delivering Alpha, Sept. 28, 2022. Scott Mlyn | CNBC Billionaire investor Ken Griffin’s various hedge fund strategies at Citadel all posted double-digit returns for 2023, but they failed to beat the S&P 500. Citadel’s multistrategy Wellington fund gained 15.3% last... Continue reading
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[ad_1] BYD’s new luxury brand Yangwang is selling its first model, the U8, for more than 1 million yuan (US$160,000). CNBC | Evelyn Cheng BEIJING — BYD has overtaken Tesla again by the sheer number of new energy vehicles produced in 2023, thanks in part... Continue reading
[ad_1] Moyo Studio | E+ | Getty Images Roughly half of Americans don’t have access to a workplace retirement plan — but states are increasingly stepping in to fill that gap, both for residents’ wellbeing and their own. About 57 million people — 48% —... Continue reading
[ad_1] Check out the companies making headlines in midday trading. Comerica — Shares of the regional bank added 1.7% after Goldman Sachs upgraded the stock to buy from neutral. The firm said it expects regional banks’ earnings power to improve starting in the second half... Continue reading
[ad_1] Check out the companies making headlines in premarket trading. Walgreens — Walgreens shares were up more than 2% in the premarket after the pharmacy operator posted fiscal first -quarter earnings and revenue that beat analyst expectations. To be sure, Walgreens cut its quarterly dividend... Continue reading
[ad_1] Federal Reserve officials in December concluded that interest rate cuts are likely in 2024, though they appeared to provide little in the way of when that might occur, according to minutes from the meeting released Wednesday. At the meeting, the rate-setting Federal Open Market... Continue reading
[ad_1] Signage for Alibaba Group Holding Ltd. covers the front facade of the New York Stock Exchange November 11, 2015. Brendan McDermid | Reuters BEIJING — It’s been a tumultuous 12 months for Alibaba, casting doubt on the future of the tech giant just as... Continue reading
[ad_1] It’s a level not seen since George W. Bush was president. Wall Street forecaster Jim Bianco is predicting the benchmark 10-year Treasury note yield will hit 5.5% this year — its highest level since May 2001. A major part of his thesis is built... Continue reading
[ad_1] Check out the companies making headlines in midday trading. Xerox — Xerox shares sank more than 12% after the digital printing company announced plans to cut 15% of its workforce in the first quarter as part of a broader restructuring effort. SoFi Technologies —... Continue reading
[ad_1] Georgijevic | E+ | Getty Images Stocks’ runup likely won’t persist Falling interest rates are generally a boon for the stock market, advisors said. Among the reasons: Businesses can borrow money more cheaply and are more likely to make big investments in their companies... Continue reading
[…] Tesla now has a clear China EV competitor. What’s next for BYD? […]