Hedge fund News & Breaking Stories

GameStop stock soared with Roaring Kitty's return, hitting a 52-week high before dropping 65%. Company raises $933.4 million through offering.

Hedge funds shift focus from megacap tech stocks to under-the-radar AI beneficiaries like Marvell Technology, Walgreens, and Freeport-McMoRan.

Billionaire mathematician Jim Simons, known for pioneering quantitative trading, dies at 86. His foundation donated billions to research.

OpenAI bans developer of bot imitating Democratic presidential candidate. Company's first known restriction on using its AI tools by a political campaign.

Biotech entrepreneur suspends 2024 presidential bid, endorses Trump. Vivek Ramaswamy, a political novice, drops out as Trump remains the favorite.

Billionaire's wife Neri Oxman apologizes for plagiarism in her doctoral dissertation, similar to former Harvard president. Husband Bill Ackman praises her transparency.

Hundreds of sealed court filings linked to Jeffrey Epstein will be revealed, following a case filed by Virginia Giuffre.

Breaking news: Epstein documents reveal names like Bill Clinton, Prince Andrew, and Stephen Hawking. Alan Dershowitz accused of sexual relations with a minor.

Hundreds of sealed court filings about the late sex offender Jeffrey Epstein to be made public this week. Names expected include Bill Clinton and Prince Andrew.

Republican Rep. Elise Stefanik calls for Harvard President Claudine Gay to step down amid claims of antisemitism on campus.

Hedge funds are exiting their short positions at a rapid pace, signaling a potential market resurgence and a rebalancing of US dollar longs.

Billionaire Jeff Bezos moves back to Miami, joining a list of famous people buying homes in South Florida.

Sam Bankman-Fried, founder of cryptocurrency exchange FTX, has been convicted of one of the biggest financial frauds in US history. Bankman-Fried, who amassed a net worth of $26 billion before turning 30, used his wealth to gain political influence and hired celebrities to promote FTX as safe. However, prosecutors claim that his responsible image was a cover for embezzling customer funds. Bankman-Fried has pleaded not guilty to seven counts of fraud and conspiracy.

Viral Summary: "Courtroom sketches of Sam Bankman-Fried and Caroline Ellison spark speculation that the artists had a personal grudge. Even Elon Musk agrees."

Sam Bankman-Fried's ex-girlfriend testifies against him in court, revealing details of their relationship and a billion-dollar crypto conspiracy.

"Fair Play" is a gripping and intense thriller about a finance power couple navigating fractured egos and power dynamics.

"Dumb Money" is a movie that tells the real story of a financial rebellion led by small investors against Wall Street. It focuses on the GameStop stock surge and the impact it had on hedge funds. The film aims to champion the little guy and shed light on the flaws of the financial system. The cast includes Paul Dano, Pete Davidson, America Ferrera, and Seth Rogen. The movie highlights the power of social media and the role it played in the stock market frenzy.

Billionaire investors are loading up on Apple stock, prompting retail investors to take a closer look. Apple's iPhone ecosystem is strong, and the company continues to share its success with shareholders. While there are concerns about declining sales and a high valuation, many believe Apple is still a good long-term pick.

Former billionaire and FTX cryptocurrency exchange founder, Sam Bankman-Fried, may be jailed pending his October fraud trial for witness tampering. Prosecutors argue that Bankman-Fried shared personal Google documents with the press to intimidate witnesses. Bankman-Fried has pleaded not guilty to stealing billions of dollars in customer funds.

Bobby Bonilla Day: Retired baseball player receives $1.2 million annually.