Melvin Capital to shut after heavy losses on meme stocks, market slump
CNN
Melvin Capital, once one of Wall Street's most successful hedge funds which then lost billions in the meme stock saga, will shut down after it was hit again by this year's market slump.
Gabe Plotkin, widely regarded as one of the industry's best traders after posting years of double digit returns, told investors that the last 17 months have been "an incredibly trying time."
Plotkin had been trying to turn around the firm after being caught out in early 2021 betting against retail favorite GameStop (GME) and after being wrong footed again by tumbling markets this year.
Members of President Donald Trump’s “Board of Peace,” the committee that will oversee the reconstruction of Gaza, will receive a permanent seat if they pay $1 billion, according to a US official.
The announcement Saturday night signaled an unusually direct effort by the White House to influence college football scheduling and television programming.
Chilean President Gabriel Boric announced a state of catastrophe in two regions in the south of the country early on Sunday as raging wildfires forced at least 20,000 people to evacuate and left at least 16 people dead.
The Pentagon has ordered about 1,500 active-duty soldiers to prepare for deployment to Minnesota, according to defense officials cited by The Washington Post and ABC News, as Minnesota officials have also mobilized the National Guard.
The Democratic Party has a deeply motivated base and a clear advantage on the generic congressional ballot ahead of this fall’s midterms despite dismal impressions of its current leaders in Congress, according to a new CNN poll conducted by SSRS.
American Battleground: Demolition Man – How Trump’s first year back is changing the nation’s capital
On a breezy autumn morning beneath skittering clouds, the demolition crew strikes quicker than almost anyone expected. Working seemingly under the sole command of President Donald J. Trump, who has long fashioned himself the Builder-in-Chief, they take only days to reduce the 123-year-old East Wing of the White House to rubble. No drawn-out debate. No approval by independent preservationists.
What was once a place of worship filled with precious objects packed with meaning now sits in heavy layers of dark soot, burdened by the pungent smell of smoke after someone set fire to Mississippi’s largest and oldest synagogue.
Dos semanas después del derrocamiento de Nicolás Maduro, los ciudadanos venezolanos que viven en diferentes países de la región siguen con atención lo que ocurre en la tierra que los vio nacer. Jimena de la Quintana visitó Gamarra, el emporio comercial más grande de Perú y uno de los más importantes de Latinoamérica, que es fuente de empleo de muchos venezolanos. ¿En qué condiciones regresarían esos migrantes venezolanos a su país? ¿Para ellos es suficiente que Maduro ya no esté en el poder?
The US on Saturday announced it conducted a lethal strike in Syria on an al Qaeda affiliate leader it says had direct ties to an ISIS attacker who killed three Americans in early December.
President Donald Trump has leaned into his presidential clemency powers much more aggressively in his second term –in fact, he’s pardoned one woman twice.
The Pentagon has ordered the military command that oversees new recruits’ enlistment to hold off on initial training for people who are HIV-positive and recently enlisted in the military, CNN has learned, saying that a decision on reinstating a Defense Department ban on their joining the military was “expected in the next few weeks.”
Democrat Abigail Spanberger was sworn into office Saturday as Virginia’s first female governor, amid a cold drizzle outside the state Capitol after centuries of men holding the commonwealth’s top office.
The European Union and the Mercosur bloc of South American countries formally signed a long-sought landmark free trade agreement on Saturday, capping more than a quarter-century of torturous negotiations to strengthen commercial ties in the face of rising protectionism and trade tensions around the world.