Steve Cohen

Federal 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...

When you’re talking about someone being "rich" it can mean a lot of different things. You could be "owns a vacation home" rich. Then, above that, “has a private jet” rich. And then, about 10 levels above that, you have “owns a major U.S. sports...

The Forbes 400 list of the richest people in America is out and has several people leaving the list and newcomers such as Michael Jordan making their first appearance. This year’s list includes 400 people from 40 states with 240 living in four states. California leads the way with 87 of...

Rep. Matt Gaetz (R-Fla.) and Rep. Steve Cohen (D-Tenn.) pushed the DEA chief on the agency's plans to remove marijuana from its status as a Schedule I drug on Thursday in a House Judiciary hearing on Thursday. DEA Administrator Anne Milgram told the Subcommittee on Crime and...

Several billionaires and big-name Republican supporters have been planning to fund campaigns against former President Donald Trump in the 2024 election. One of the biggest names is now backing away from support of Florida Gov. Ron DeSantis and could be back to the drawing board. What...

24 Exchange, a trading platform that secured $14 million in funding in late 2021, which included support from Point72 Ventures led by Steve Cohen, has decided to discontinue its spot cryptocurrency product. This comes as global regulators intensify their scrutiny of cryptocurrencies. The Bermuda-...

Former New Jersey Governor Chris Christie is gaining support from millionaire donors for his 2024 presidential campaign. What Happened: Christie, a former Donald Trump ally, announced his official campaign for the 2024 election in early June, putting him in direct competition with the former...

According to the Pro Football Network, David Tepper, the owner of the Carolina Panthers and hedge fund manager for Appaloosa Management is the third-richest NFL owner, with an estimated net worth of roughly $16.7 billion. As of 2022, CNBC reported that the richest NFL owner is the Walton family,...

Billionaire hedge fund manager and New York Mets owner Steve Cohen has exited his investment in cryptocurrency startup Radkl. What Happened: A spokesperson from the company told Bloomberg that the quantitative crypto trading firm “remains well capitalized”...

Hello Kitty and Friends are coming to the world of non-fungible tokens (NFTs). Here are the details of the partnership between Hello Kitty parent Sanrio and NFT company Recur. What Happened: A collection of 10,000 NFTs will be launched featuring six characters from the Hello Kitty and Friends brand...

A well-known animated character is the latest to land a non-fungible token deal, and it is coming from a company backed by some big investors. What Happened: Sanrio-owned character Hello Kitty is joining the NFT market for the first time through a partnership with RECUR. Iconic brand Hello Kitty...

The blame game sputtered to the surface again on Wednesday when Edwin Moses, two-time Olympic track and field gold medalist and emeritus chair of the U.S. Anti-Doping Agency (USADA), appeared before a federal commission at a hearing on international sports where he was...

GameStop Corp. (NYSE: GME) short seller Melvin Capital Management LP ended the first half of 2021 with a loss of 46%, Bloomberg reported Thursday, citing people familiar with the matter. What Happened: Founded in 2014 by Gabe Plotkin, a former portfolio manager for Steve Cohen, Melvin Capital was...

Influencer marketing, which is on track to become a $15 billion industry by 2022, is a unique way for creators to monetize their content and outreach. The problem with this industry is both the supply and demand dynamics, as well as an unfulfilling culture, according to some. More and more,...