economy

Ken Griffin's Citadel Advisors purchased over 18 million shares of an AI company and a quantum computing firm that are rallying on outperformance and innovation milestones.

Warren Buffett's Berkshire acquired Occidental Petroleum's petrochem business in a $9.7 billion cash deal, which will help Oxy lower its debt and repair its balance sheet, expected to help Buffett's common stock position, which is underwater.

Citadel Advisors purchased around a million shares of a blank cheque company just before it received SEC approval for a merger with a leading nuclear technology firm, which recently secured multiple government contracts.

Tesla chief Elon Musk's net worth briefly surpassed $500 billion before paring down to $470 billion as Tesla shares surged in Wednesday trading.

Zillow's stock declined yesterday after the FTC filed a lawsuit against the company and Rocket Companies' Redfin for entering a $100 million unlawful agreement to suppress competition in the online rental housing advertising market.

Social Security payments will continue to arrive on time despite the US government shutdown, but customer services at the agency are likely to be impacted.

Trump announced a website for consumers to buy medicines at heavily discounted prices. He also forged a deal with Pfizer, where the drugmaker will slash prices for several of its products.

The Social Security Administration sends out SSI payments early if the scheduled date falls on a weekend or a federal holiday.

UBS believes the double-digit valuation discount for small- to mid-cap industrials compared with the large-cap multis position several companies within SMID to outperform moving forward.

The Unemployment Insurance Agency in Michigan will resume recouping overpaid benefits, and those who miss out on repaying could face financial penalties and interest on the amount owed.

Brits in the 18 to 24 age group have an average of £3,636 in savings, with almost 60% of them having saved less than £1,000.

Wedbush raised its price target for the Tesla stock to $600 per share, citing the company's accelerated path to AI revolution and unparalleled footprint in the autonomous and robotics segments.

Ray Dalio said he sees gold and non-fiat currencies becoming 'more important' investment sources as US debt becomes 'unsustainable,' which threatens the monetary order.

Lithium Americas' stock price gains come as Trump seeks to acquire a 10% stake in the lithium producer as it renegotiates a $2.2 billion loan from the Energy Department.

Billionaire investor Bill Gates purchased millions of Berkshire shares after offloading them for three consecutive quarters. He continues to offload Microsoft shares despite rising share prices.

Scion Asset Management's Michael Burry invested millions of dollars in apparel, healthcare, biotech, and manufacturing stocks in Q2. His portfolio now holds a total of six stocks, including Estee Lauder Companies, which he purchased in Q1.

Rumours of 2025 stimulus cheques are making waves on social media, but no confirmation was provided by Congress or the Internal Revenue Service.

The Amex Platinum Card offers a range of benefits valued at thousands of dollars annually, along with a lucrative welcome offer for rewards points if you make $8,000 in purchases within the first six months.

Over 8 million eligible New Yorkers will automatically start receiving refund cheques of between $150 and $400 starting at the end of this month.

Intel was the top performer on the S&P 500 and Nasdaq yesterday after Nvidia announced its plans to acquire a stake in the company and develop chips for hyperscale and personal computing markets.

US equity indexes soared a day after the US Fed hinted at more rate cuts this year after lowering the federal funds rate by 25 bps to 4% to 4.25%.

While some fixed-rate loans are unlikely to be immediately affected by the rate cuts, variable-rate debts like credit cards could see an immediate impact.

Mortgage applications, especially for refinancing, soared in the week ended 12th Sept. and as rates hover at the lowest in a year.

These stocks soared as US equity indexes declined markedly ahead of the US Federal Reserve's rate-cut decision on Wednesday afternoon.

New York Mets owner and billionaire investor Steve Cohen purchased two biotech stocks last week, one being a new addition to Point 72's portfolio.

Moderna shares rose by over 4% on a mixed Tuesday for US equities ahead of the US Federal Reserve's rate cut decision today.

Marjorie Taylor Greene purchased 12 stocks at the end of August, including Alphabet Class C shares, Merck & Co., Exelon Corp., Morgan Stanley, FedEx, and UnitedHealth Group.

Sandy McConnell earns $50,000 annually from her job and $1,784 monthly from Social Security, but a string of unfortunate family incidents has made it difficult for her to retire.

Congress member Marjorie Taylor Greene purchased PepsiCo and Palantir stocks, with each trade valued between $1,000 and $15,000. She also invested up to $750,000 in T-bills across three trades.

Ken Griffin's Citadel Advisors bought 3.69 million shares of NioCorp Developments at an average buy price of $3.14 per share. The mineral projects developer is currently expediting the construction of its Elk Creek Critical Minerals Project in Nebraska.