Steve Cohen says his financial firm can already save $25 million by using AI
The Point72 founder told CNBC that his firm has found ways for even the early AI models to save the company money.
Top performing investor doubts Nvidia is really worth this much, buying 2 unusual stock plays instead
Nvidia may be the hottest tech crown jewel for Wall Street at the moment, but at least one investor’s not buying into it.
Steve Cohen says the Fed may have a hard time getting inflation down to its goal
The Point72 CEO said there’s a lot of “underemployment” in the country, which could create upward pressure on inflation if economic growth remains strong.
Atlanta Fed President Bostic sees only one rate cut this year, occurring in the fourth quarter
Bostic expressed concern about the pace of inflation and indicated he doesn’t think rate cuts should come until much later in the year.
European markets close higher after euro zone inflation data surprises
European markets closed higher Wednesday, shaking off some of the negative sentiment seen at the start of the new quarter.
Private payrolls increased by 184,000 in March, better than expected, ADP says
Private sector job growth expanded in March at its fastest pace since July 2023, ADP reported Wednesday.
Hungary’s Orban, a long-time Trump ally, rocked by major scandals ahead of European elections
Hungarian Prime Minister Viktor Orban has run into political trouble ahead of European parliamentary elections in June.
Noted Tesla bear says Musk’s EV maker could ‘go bust’ and stock is worth $14
Tesla is facing a price war, intense competition from Chinese players and weakening demand for its electric cars.
People feel financially worse off than their parents—but say their kids will be better off
Millennials and Gen X were most likely to say they’re doing worse financially than their parents, and they have a few good reasons.
Disney wins proxy fight against activist investor Nelson Peltz, as shareholders reelect full board
Trian Capital has waged a proxy fight against Disney to land two board seats. Disney shareholders rejected the effort.
