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Top News In கேப் பிலொட்கின் மெல்வின் Today - Breaking & Trending Today

US stocks trade lower ahead of Fed speech following tepid labor-market data

Nasdaq composite: 12,690.26, down 2.4%
The billionaire investor Ron Baron told CNBC on Thursday that despite his long-term bullishness on Tesla, he had sold about 25% of his clients stake in the electric-vehicle manufacturer after its position became too concentrated.
The weakness in technology stocks hasn t stopped Cathie Wood s Ark Invest from buying the dip in high-flying stocks. Ark s daily trading disclosures indicated that the firm bought millions of shares of Palantir on Wednesday amid the decline.
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Going public in the US via a special-purpose acquisition company has reportedly caught the interest of Flipkart, the Indian e-commerce giant owned by Walmart.
Gabe Plotkin s Melvin Capital, which was at the center of the GameStop short-squeeze earlier this year, recouped some of its losses and gained 22% in February. ....

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Melvin Capital surged 22% in February after GameStop disaster

Melvin Capital surged 22% in February after GameStop disaster
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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5 Tech Stocks Billionaires Can't Stop Buying

High-growth tech stocks topped the shopping list for successful money managers in the fourth quarter. ....

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Hedge Fund and Insider Trading News: Bill Ackman, Ken Griffin, Ray Dalio, Leon Cooperman, Fiserv Inc (FISV), Bumble Inc (BMBL), and More

Hedge Fund and Insider Trading News: Bill Ackman, Ken Griffin, Ray Dalio, Leon Cooperman, Fiserv Inc (FISV), Bumble Inc (BMBL), and More
Citadel, defended his $2 billion investment in short seller Gabe Plotkin’s
Melvin Capital last month amid the height of the GameStop mania. “No, I think Gabe Plotkin is one of the finest investors of his generation,” Griffin told CNBC’s Andrew Ross Sorkin on “Squawk Box.” The comment was in response to a question from Sorkin about whether Griffin’s investment was a mistake because it created questions about Griffin’s motivations in propping up Plotkin amid his battle with retail Reddit traders who were pumping up the price of GameStop. ....

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Melvin Capital Added to GameStop Shorts as WallStreetBets Took Aim

Members of the Reddit forum leveled “profane and racist” slurs at Melvin Capital founder Gabe Plotkin, according to the hedge fund manager’s testimony to Congress. ....

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