David Tepper, founder and president of Appaloosa Management. David Orrell | CNBC Appaloosa Management’s David Tepper said investors should believe the Federal Reserve when it says it will lower interest rates because the central bank has now to keep credibility. “You just read what these guys are saying,” Tepper said Thursday on CNBC’s “Squawk Box.” … Read more
Billionaire hedge fund founder David Tepper said his big bet after the Federal Reserve’s rate cut was to buy Chinese stocks. “I thought that what the Fed did last week would lead to China easing, and I didn’t know that they were going to bring out the big guns like they did,” Tepper told CNBC’s … Read more
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Hoda Kotb on the set of the TODAY Show on Friday, April 12, 2024, Nathan Congleton | Nbcuniversal | Getty Images Hoda Kotb will be leaving her role as a co-anchor on NBC’s “TODAY” show early next year, she announced in a letter to staff on Thursday. “As I write this, my heart is all … Read more
The Taliban has dismissed accusations of gender discrimination and human rights violations as absurd. These four countries initiated legal proceedings against the Taliban for breaching a U.N. convention on women, which Afghanistan is bound to uphold. The initiative was launched during the U.N. General Assembly in New York, running until Monday. The Taliban said Thursday … Read more
Mr. McMahon/Netflix Vince McMahon is credited for WWE’s growth into a global media powerhouse A new Netflix documentary claims to “pull back the curtain” on former WWE boss Vince McMahon – but does it succeed? The six-part series Mr. McMahon – named after the alter-ego character he portrayed on-screen in the mid-90s – covers his … Read more
Federal investigators in New York City searched Mayor Eric Adams’ official residence early on Thursday morning, after he was indicted on federal charges the previous night. In a video statement released on Wednesday, Adams maintained his innocence and said any charges would be “based on lies”. The exact charges will be revealed later on Wednesday. … Read more
A Cameroonian separatist leader has been arrested in Norway for his alleged role in the ongoing armed conflict in the Central African country. Lucas Ayaba Cho was arrested on Tuesday on “charges based on his various expressions on social media”, his lawyer told the BBC. Cho is an influential figure in the Anglophone movement pushing … Read more
Israel’s attacks on Hezbollah targets have had terrifying effects on local civilians, who have been forced to flee place after place in search of safety. The last 10 days in Lebanon have seen 600 people killed, thousands of injured and another 90,000 displaced – essentially homeless, as they were forced from their homes. Some of … Read more