Chase Coleman’s Tiger Global adds to oversized bets on software and Big Tech stocks
Coleman’s tech-centric fund has struggled amid the sector’s dramatic declines this year.
Google settles with 40 states over location tracking practices
Google agreed to a $391.5 million settlement with 40 states over location tracking, Oregon Attorney General Ellen Rosenblum announced Monday.
Michael Burry of ‘The Big Short’ bets on a home shopping network stock and a rocket engine maker
Michael Burry, known for calling the subprime mortgage crisis, jumped back into the market to pick up a few stocks in the third quarter.
The fund manager who’s in the green this year by not playing ‘the relative game’
J. Dale Harvey shares the philosophy behind the Poplar Forest Partners Fund and the approach that’s led to gains in 2022.
Amazon reportedly plans to lay off about 10,000 employees starting this week
Amazon plans to lay off approximately 10,000 employees in corporate and technology roles beginning this week, according to a report from The New York Times.
Binance is seeing a slight increase in withdrawals but otherwise it’s ‘business as usual,’ CEO says
Binance CEO Changpeng Zhao said the cryptocurrency exchange has seen only a slight uptick in withdrawals and is operating fine.
Crypto.com CEO downplays FTX contagion fears, says he’ll prove naysayers wrong as withdrawals rise
Crypto.com CEO Kris Marszalek said his firm had a “tremendously strong balance sheet” and wasn’t engaged in the kinds of practices that caused FTX’s collapse.
Russia denies Lavrov was taken to Bali hospital and treated for heart condition ahead of G-20 summit
Russia denied a report that Foreign Minister Sergei Lavrov was taken to hospital after he arrived in Bali for the G-20 meeting this week.
Germany is open to trade with China — but we’re not stupid, vice chancellor says
The comments come after German Chancellor Olaf Scholz made a controversial solo trip to China to meet President Xi Jinping in early November.
These currencies have tanked this year — and one is down over 75% against the dollar
In some emerging markets, a combination of global pressures and central bank missteps has pushed currencies into a death spiral.
