Global stocks slide as Chinese data signals slowing economic growth and Delta concerns persist

Concerns about slowing growth in major economies China and the US were weighing on markets, as investors monitor rising geopolitical tensions around Afghanistan.
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Global stocks slide as Chinese data signals slowing economic growth and Delta concerns persist

Global stocks slide as Chinese data signals slowing economic growth and Delta concerns persist

Concerns about slowing growth in major economies China and the US were weighing on markets, as investors monitor rising geopolitical tensions around Afghanistan.

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A fund seeded by billionaire Julian Robertson bet big on ride-hailing app Didi. Then Chinese stocks crashed.
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A fund seeded by billionaire Julian Robertson bet big on ride-hailing app Didi. Then Chinese stocks crashed.

Tiger Legatus, run by former Viking Global PM Jesse Ro and seeded by Julian Robertson, ended the second quarter with a huge investment in DiDi Global.

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Warren Buffett's Berkshire Hathaway sold its Biogen stake last quarter — and slashed its pharmaceutical bets

Warren Buffett's Berkshire Hathaway sold its Biogen stake last quarter — and slashed its pharmaceutical bets

The famed investor's company also sold some Chevron and General Motors shares, and boosted its stakes in Aon, Kroger, and RH.

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US Investing Championship contender Levan Seperteladze raked in 94% returns this year through June while working full-time. He shares his 'very simple' secret sauce — and 2 trading rules he always obeys.
Wharton professor Jeremy Siegel says 'ultimate real assets' including stocks are his preferred inflation hedge

Wharton professor Jeremy Siegel says 'ultimate real assets' including stocks are his preferred inflation hedge

"Stocks are ultimate real assets," Siegel told CNBC. He also said timing the market can be difficult but pointed to its cyclical nature.

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Andreesen Horowitz may be doubling its New York staff to gain an edge in fintech investing and compete against firms like Tiger and SoftBank
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Andreesen Horowitz may be doubling its New York staff to gain an edge in fintech investing and compete against firms like Tiger and SoftBank

Insiders say that Andreessen Horowitz has clung to its Menlo Park ZIP code for years but that that's no longer feasible. Now it's hiring in New York.

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Illinois' new vaccine-verification portal is glitchy and uses a credit reporting agency with past security breaches to verify people's identities

Illinois' new vaccine-verification portal is glitchy and uses a credit reporting agency with past security breaches to verify people's identities

Illinois' vaccine portal often gives inaccurate information and verifies IDs with Experian, a firm that has experienced several major data breaches.

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It's starting to look like Salesforce went after the same mega-acquisition as Zoom, and it hints at who the $242 billion cloud giant could buy next
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It's starting to look like Salesforce went after the same mega-acquisition as Zoom, and it hints at who the $242 billion cloud giant could buy next

Salesforce and Zoom may have competed for the $14.7 billion Five9 acquisition — and now Salesforce may be looking for more big deals in the space.

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Investment firms like Citadel and Tiger Global are snapping up NYC office space in a rebuke to remote work
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Investment firms like Citadel and Tiger Global are snapping up NYC office space in a rebuke to remote work

Tiger Global, Citadel, and Stone Ridge, which want people to return to in-person work, are nabbing space in Manhattan's fanciest towers like it's 2019.

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8 top acquisition targets in the buy now, pay later space as the payment feature's popularity grows
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8 top acquisition targets in the buy now, pay later space as the payment feature's popularity grows

Following Square's plans to acquire Afterpay, experts predict more deals, potentially among the likes of Affirm, Klarna, and Sezzle.

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Top firms snag NYC digs — Dealmakers want to WFH — Walmart's crypto push

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Citadel, Tiger Global nab offices in rebuke to remote work

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Tip #1: Still using piles of paper? Switch to digital whenever possible.

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Monday, August 16, 2021

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