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Cohen, Asness, Laffont Bet On ChargePoint - Will Q1 Earnings Spark A Breakout?
Wednesday, June 4, 2025 - 10:32am | 479ChargePoint Holdings Inc (NYSE:CHPT) is about to plug into the earnings grid, and Wall Street's biggest brains are already circling the EV charging play. The company reports first quarter results after the bell Wednesday, with expectations for a loss of 5 cents per share on $108.07 million in...
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Wall Street Titans Griffin, Cohen, Englander Outmatched As Smaller Hedge Funds Steal The Limelight
Tuesday, June 3, 2025 - 10:02am | 430Billionaires Ken Griffin, Steve Cohen, and Izzy Englander are used to setting the pace on Wall Street. But in May, their flagship hedge funds were quietly outclassed — not by each other, but by a scrappy group of lesser-known rivals who are suddenly the ones posting scoreboard-worthy returns. The...
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Billionaire Investor Steve Cohen Warns Of 'Significant Correction' As Trump Tariffs, Immigration Crackdown, And Spending Cuts Shake Market Confidence: 'It's A Tax'
Monday, February 24, 2025 - 4:33am | 507Billionaire investor Steve Cohen, chairman and CEO of Point72 Asset Management, has turned bearish on U.S. markets for the first time in recent memory, citing concerns over trade policies, immigration restrictions, and federal spending cuts that could trigger a significant market correction. What...
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Juan Soto's $765 Million Mets Contract Could Be Bad News For Warren Buffett
Monday, December 9, 2024 - 1:24pm | 1091Juan Soto has reset the market for salaries when it comes to Major League Baseball players. Here's a look at how the new $765 million contract stacks up to other sports and why Soto signing with the New York Mets could financially impact billionaire Warren Buffett. What Happened: Hedge fund manager...
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SEC Approves America's First 24-Hour Stock Exchange — What It Means For You
Friday, November 29, 2024 - 12:15am | 506U.S. regulators approved the nation’s first 24-hour stock exchange on Wednesday, marking a significant shift in American securities trading as retail investors increasingly demand round-the-clock market access. What Happened: The Securities and Exchange Commission granted approval to 24...
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GameStop Adds Nat Turner To Board: Does The Move Show Bigger Bet On Trading Cards, Grading?
Monday, November 18, 2024 - 4:03pm | 612GameStop Corporation (NYSE:GME) could be pushing deeper into its bets on trading cards and grading services with a new board appointment. What Happened: Nat Turner officially joined the video game retailer’s board of directors. The decision expands the number of board members from five to six...
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Point72's Steve Cohen Ends 40-Year Run As Trader, Will Continue At Hedge Fund To Advise
Tuesday, September 17, 2024 - 6:13pm | 389Steve Cohen, a billionaire hedge fund founder, has hung up his spurs as a trader after four decades. Cohen, 68, will still remain its co-chief investment officer at Point 72 Asset Management with Harry Schwefel, but he has backed away from investing clients’ capital to focus on firm growth,...
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Steve Cohen Bets On Las Vegas: New York Mets Owner Takes 5.5% Stake In Sphere, Could More Sports Events Be On The Horizon?
Tuesday, June 25, 2024 - 10:42am | 639New York Mets owner Steve Cohen‘s new stake in Sphere Entertainment Co (NYSE:SPHR) could signal a future bet on more sports-related events at the ball-shaped venue. What Happened: Cohen's Point72 Asset Management hedge fund recently disclosed a 5.5% stake in Sphere Entertainment with 1.56...
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Steve Cohen's Point72 Is Preparing To Launch New Hedge Fund Focused On AI Stocks
Tuesday, June 18, 2024 - 4:06pm | 376Steve Cohen's Point72 Asset Management is set to launch a new hedge fund with a focus on artificial intelligence, aiming to raise approximately $1 billion. The fund will concentrate on both investing in and betting against AI hardware and semiconductor companies globally, such as Nvidia, Broadcom...
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EXCLUSIVE: Citron Research's Andrew Left Is Short GameStop Again
Thursday, May 16, 2024 - 1:33pm | 669Citron Research founder and short seller Andrew Left famously bet against GameStop Corporation (NYSE:GME) in 2021. The short seller told Benzinga Thursday he is once again betting against GameStop with the recent increase in the share price. What Happened: Left was a central player in the short...
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New York Stock Exchange Seeks Opinion If It Should Trade 24/7 Like Bitcoin, Ethereum As SEC Examines Steve Cohen-Backed Proposal
Monday, April 22, 2024 - 3:43am | 799The New York Stock Exchange (NYSE) is currently seeking feedback from market participants regarding the potential benefits of implementing a 24/7 trading schedule, similar to the trading of cryptocurrencies such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). This move coincides with...
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Billionaire Steve Cohen's Point72 Can Save $25M By Using AI: Top 5 Tech Stocks Of Firm's Portfolio
Friday, April 5, 2024 - 9:25am | 910In the rapidly evolving landscape of finance, billionaire investor Steve Cohen‘s Point72 Asset Management is leveraging the power of artificial intelligence (AI) to make significant strides. With Cohen at the helm, Point72 has embraced AI technologies, leading to substantial cost savings and...
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Billionaire Steve Cohen Predicts AI Will Lead To 4-Day Work Week
Thursday, April 4, 2024 - 11:28am | 407Billionaire investor Steve Cohen joined CNBC's "Squawk Box" on Wednesday and predicted the four-day work week will become mainstream for the "vast majority" of people in the near future. What Happened: In an interview at the 2024 Sohn Investment Conference this week, Cohen said he sees the...
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Never Mind Jerome Powell? Bullish Analyst Predicts Over 3 Rate Cuts This Year, Calls Recent Inflation Spike 'Statistical Aberration'
Thursday, April 4, 2024 - 4:28am | 890Federal Reserve Chair Jerome Powell sounded hawkish on Wednesday, stating it wouldn’t be appropriate for the central bank to lower the policy rate until it has more confidence in inflation moving sustainably toward the 2% target. Despite Powell’s stance, Tom Lee, a bullish analyst at...
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Congressman Presses DEA On Marijuana Rescheduling Review: 'Move As Swiftly As Possible'
Friday, January 5, 2024 - 1:29pm | 578U.S. Rep Steve Cohen (D-TN) has fired a shot across the bow of the Drug Enforcement Administration (DEA), demanding swift action on the ongoing review of marijuana's federal classification. In a letter he sent to DEA Administrator Anne Milgram, Cohen urged the agency to "move as swiftly as...