Billionaire hedge-fund manager Steven Cohen has built one of the most successful investment firms on Wall Street. Cohen’s fund, Point72 Asset Management, manages nearly $40 billion in assets and has a reputation for backing huge, winning trades.
In a move that could reshape the investing landscape, President Trump just signed an order to allow private equity — including startup companies — to be included in your 401(k).
A few years ago, the independent newsroom ProPublica published a shocker of a report. Based on an analysis of 25 years of tax returns, here’s what it uncovered: In 2007, Jeff Bezos paid zero income taxes.
The stewardess on my red-eye to Argentina was delivering a familiar speech as we got ready for takeoff. Her voice washed over me as I curled up in a window seat, reading the business plan for a tech startup.
This past week, something extraordinary happened: Ordinary investors like you and me were offered the chance to buy “shares” in some of the fastest-growing private companies on Earth. I’m talking about pre-IPO companies like OpenAI, Anthropic, even SpaceX.
A hairy question is making the rounds of the startup world: Can Artificial Intelligence (“AI”) make companies so productive that a startup with just one employee will be valued at $1 billion or more?