Business

Griffin’s hedge fund Citadel is up 29%. Here’s how they’re doing it

Billionaire investor Ken Griffin’s flagship hedge fund continued to shine amid the market’s extreme volatility, outperforming yet again in September and bringing its 2022 gains to nearly 30%, according to a person familiar with the returns. Citadel’s multi-strategy flagship fund Wellington rallied 2.5% last month, pushing its 2022 performance to 28.7%, the person said. All …

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Marc Andreessen compares California to Rome circa 250 AD

Billionaire venture capitalist Marc Andreessen said he decided to “double down on California” and stay in the state, even as he likened it to “living in the ruins of a once great civilization.” In a 34-tweet thread on Tuesday Andreessen, who co-founded the venture capital firm Andreessen Horowitz, said that he and his family considered …

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Yes, the heat is coming off the housing market. But it wasn’t just on fire last year – it was burning uncontrolled | Greg Jericho

BILLIONhe first Tuesday of the month is a big event in finance and economics and this week was no different with the Reserve Bank lifting the cash rate by another 25 basis points to 2.6%, the highest it has been since July 2013. And yet while it set off another round of Australia’s favorite game …

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Michigan farm owner says human waste contamination was ‘oversight,’ ‘not intentional’

HOMER, Mich. – The owner of a Michigan farm accused of using raw, untreated human waste on fields of produce, which triggered a widespread consumer alert, says the incident was an “oversight.” The Michigan Department of Agriculture and Rural Development on Tuesday issued a consumer advisory after a routine safety inspection of Kuntry Gardens in …

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Wage Gains for Job Switchers Are Quickly Cooling Down, ADP Says

Job switchers’ wages rose 15.7% in the year through September, ADP said Wednesday. That’s down from August’s 16.2% pace and the largest one-month deceleration in at least three years. As the job market cools, the wage-growth gap between switchers and job stayers is likely to close. Loading Something is loading. Changing jobs doesn’t pay like …

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Zero-premium Medicare Advantage plans. What to know?

Wedbush Securities senior vice president of biotech equity research Laura Chico says questions remain about the benefits and risks of Biogen’s experimental Alzheimer’s drug. The annual open enrollment period for joining, switching or dropping Medicare Advantage health insurance plans provided by private companies starts next week, and zero-premium offerings are expected to be more popular …

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What’s next for creator-focused startups now that the venture boom is over? • TechCrunch

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show, where we niche down to a single topic, think about a question and unpack the rest. this week, Alex asked: How are platforms responding to the new …

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Financial advisers express caution on buying Twitter stock as Elon Musk finally goes ahead with his $44 billion offer and it’s time to give more legal and financial breaks to single people, law professor says

Hi, MarketWatchers. Don’t miss these top stories. Fewer than 50% of US adults are now married. It’s time to give more legal and financial breaks to single people, law professor says. Fewer people are choosing to form traditional nuclear families. Read More: Where’s the beef? Rancher sentenced to 11 years for ripping off Tyson Foods …

Financial advisers express caution on buying Twitter stock as Elon Musk finally goes ahead with his $44 billion offer and it’s time to give more legal and financial breaks to single people, law professor says Read More »

Micron ‘making a mistake’ with choice to build chip plants in CNY, Texas leaders say

Micron Technology’s decision to build a massive complex of chip plants near Syracuse left many in Central New York ecstatic, but the feelings were less enthusiastic in Lockhart, Texas, one of the other communities that had been competing for the project. Lockhart, located about 35 miles from Austin in the central part of the state, …

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More than half of Silicon Valley residents want to leave: ‘The mood is darkening’

More than half of all residents in the Big Tech hub of Silicon Valley are planning to ditch the region due to spiraling costs and quality-of-life issues, according to the results of a poll released this week. A whopping 64% of residents in Silicon Valley, home to corporate heavyweights such as Google, Meta and Apple, …

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