Andrew Toth | FilmMagic | Getty Images “Big Short” investor Michael Burry, known for his successful bets against the U.S. housing market in 2008, has deregistered his hedge fund, Scion Asset Management. The Securities and Exchange Commission’s database showed Scion’s registration status as “terminated” as of November 10. Deregistering would imply the fund is not…
The Siemens Energy CEO reflects on being blindsided by an existential crisis early in his tenure, how a career abroad shaped his decision-making and the surprising lessons he learned from a stint working in a psychiatric institution. In 2023, Christian Bruch faced the most challenging chapter of his tenure as CEO of Siemens Energy. The…
LONDON — European stocks were higher on Thursday, tracking their global counterparts as the U.S. government shutdown came to an end. The pan-European Stoxx 600 was nearly 0.1% higher 9:49 a.m. in London (4:49 a.m. ET) with sectors in mixed territory. The U.K.’s FTSE 100 index and Germany’s DAX were in the red on Thursday,…
An Airbus A350-941 from Singapore Airlines is preparing to take off on the runway at Barcelona-El Prat Airport in Barcelona, Spain, on May 1, 2024. Nurphoto | Nurphoto | Getty Images Singapore Airlines on Thursday reported an 82% plunge in second-quarter earnings, weighed down by losses from its stake in Air India and lower interest…
This report is from this week’s CNBC’s “Inside India” newsletter, which brings you timely, insightful news and market commentary on the emerging powerhouse. Subscribe here. The big story Rajat Mehta, scion of Mumbai-based Mehta Group, walked out of the listing ceremony of Billionbrains Garage Ventures or Groww, on Wednesday, feeling vindicated. The company he backed in 2016…
Shoppers and visitors on London’s Oxford Street brave the bad weather using Union Flag umbrellas on 6th May 2024. Mike Kemp | In Pictures | Getty Images The U.K. economy grew a meager 0.1% in the third quarter, according to preliminary figures from the Office for National Statistics. Economists polled by Reuters expected the economy…
The Otemachi One Tower building in Tokyo, Japan. Bloomberg | Bloomberg | Getty Images The offering size in the initial public offering of SBI Shinsei Bank could exceed 360 billion yen ($2.39 billion), including overallotment, with Norinchukin planning to buy shares, according to two sources familiar with the matter. The IPO of SBI Shinsei Bank, a unit of SBI Holdings, will include the sale of new and existing shares and is due to launch as soon as today, the sources said. Reuters…
Howard Marks, co-founder of Oaktree Capital Group, at the Qatar Economic Forum (QEF) in Doha, Qatar, on Wednesday, May 21, 2025. Bloomberg | Bloomberg | Getty Images Veteran investor Howard Marks has warned that cracks unearthed in the credit market demonstrate investor “complacency” and “carelessness” — but stopped short of calling the turmoil a broader…
A weaker dollar and hefty AI-related stock prices have led investors to look for deals elsewhere — and the U.K. is a good place to start, according to Sean Peche, portfolio manager at Ranmore. “You’ve got to be selective about what you buy but there’s lots of other opportunities out there in the world,” Peche…
Traders work on the floor of the New York Stock Exchange. NYSE Stock futures came slightly under pressure Wednesday night after a continued market rotation powered the Dow Jones Industrial Average to fresh highs. Futures tied to the Dow Jones Industrial Average lost 26 points, or nearly 0.1%. The S&P futures shed 0.2%, while Nasdaq…
