Citadel Expands Commodity Trading to Australia With Power Hires
Ken Griffin’s $68 billion hedge fund firm Citadel is expanding commodities trading to Australia, hiring Shell Plc senior trader Keith Handbury, according to a person familiar with the matter.
Handbury is slated to start at Citadel next month in Brisbane as a portfolio manager trading electricity-related derivatives,
» Read more about: Citadel Expands Commodity Trading to Australia With Power Hires »
Read MoreIndia’s Modi dangles tax cuts as US tariffs loom
MUMBAI – Indian Prime Minister Narendra Modi’s push to slash consumption taxes on everyday goods could deliver billions of dollars in annual relief and boost demand in an economy bracing for painful US tariffs, experts say.
US President Donald Trump has threatened to
double import duties on India from 25 to 50 per cent
to punish New Delhi for buying oil from Russia,
» Read more about: India’s Modi dangles tax cuts as US tariffs loom »
Read MoreFCG Investment Co Lifts Tesla, Inc. (TSLA) Stake by 547%
Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!
AI is eating the world—and the machines behind it are ravenous.
Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy.
» Read more about: FCG Investment Co Lifts Tesla, Inc. (TSLA) Stake by 547% »
Read MoreDollar's dominance on the edge? Top economist warns global shift will weaken US sanctions muscle
Top American economist Kenneth Rogoff warned that growing diversification away from the dollar will push up U.S. interest rates and weaken Washington’s ability to impose financial sanctions.
“So de-dollarisation or diversification away from the dollar. I don’t think the dollar is going to disappear or anything’s going to replace it. But there’s diversification into other currencies particularly Euro,
Read MoreAbbott Laboratories CEO warns tariffs are here to stay, points to new US investments
The Burst
Market Commentary: Billionaire Buys Gold, Explains Why
In the pantheon of investors, Stanley Druckenmiller is revered as one of the best. When he managed money he had a track record over 30 years of 30% plus returns annually net of fees. Truly a spectacular record.
Read MoreThe Ivy
The Horrifying Chart That May Forecast A Plunge
Technical charts are littered with examples of historical comparisons. Is the most recent bullish run-up in the S&P 500 similar to the 1929 peak? Is the hype around AI similar to the buzz around the internet in 2000? Is the soaring Nvidia stock chart akin to the bull run in Cisco 24 years ago?
It’s hard to tell looking at a stock chart alone whether history will repeat or simply rhyme,
» Read more about: The Horrifying Chart That May Forecast A Plunge »
Read More