C4K Latest: Balyasny Says Hedge Funds Must Do Deals for Talent
Billionaire investor Dmitry Balyasny said hedge fund firms need to both buy and build talent as they expand, even amid soaring costs for traders.
Bloomberg Business
Ethereum Co-Founder Vaporized Employee Stock Awards, Lawsuit Says
Ethereum co-founder Joseph Lubin robbed his earliest employees of the value of stock awards that drew them to his blockchain firm, Consensys, in the first place, ex-workers allege in a lawsuit.
Musk’s Wealth Shrinks By $16 billion After Tesla Earnings Miss
Elon Musk’s fortune slumped by $16.1 billion Thursday after Tesla Inc.’s weak third-quarter earnings weighed on shares.
Dmitry Balyasny Says Hedge Funds Need to Do Deals to Get Talent
Billionaire investor Dmitry Balyasny said hedge fund firms need to both buy and build talent as they expand, even amid soaring costs for traders.
Israel’s Debt Rating Put On Review for Downgrade at Moody’s
Israel’s debt rating was put on review for downgrade at Moody’s Investors Service as the violent conflict with Hamas escalates.
Wall Street Hit by Volatility on Geopolitical Risk: Markets Wrap
Volatility gripped Wall Street as traders kept a close eye on any signs of a potential escalation of the Middle East conflict, while weighing Jerome Powell’s remarks for clues on the policy outlook.
HPE Slips After Giving Disappointing Cash Flow, Profit Outlook
Hewlett Packard Enterprise Co. slid as much as 4.2% in postmarket trading after the computing-services provider delivered a disappointing outlook for cash flow and profit.
Lilly Files Trade Complaint To Block Weight-Loss Drug Knock-Offs
Eli Lilly & Co. filed a complaint with the US International Trade Commission against companies around the world that it alleges are importing, selling and distributing unapproved versions of Mounjaro, its blockbuster drug for diabetes that’s often used for weight loss.
Emerging Market Losses Deepen as Treasury Yields Edge Towards 5%
Losses in emerging-market stocks and bonds deepened as the rise in US Treasury yields and concern about a wider conflict in the Middle East pushed investors to unload riskier assets.
Javier Milei Gets a Challenge From Team That Beat Jair Bolsonaro
A team of top Brazilian campaign strategists that helped President Luiz Inacio Lula da Silva defeat his right-wing opponent Jair Bolsonaro in last year’s election is now seeking to repeat the feat in Argentina.
