An investing legend is backing one of the most high-profile hedge fund launches of the year
REUTERS/Brendan McDermid
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One of the hedge fund industry's legendary investors is backing one of the most high-profile hedge fund launches of the year.
Stanley Druckenmiller is backing Castle Hook Partners, a hedge fund launched by two former Soros traders.
It will be Druckenmiller's biggest investment since he backed PointState Capital with $1 billion in 2014, according to a person familiar with the matter.
Wall Street could go back in time, Canada's latest jobs report crushed it, and China is walking its economy right into a trap.
Tesla just did the one thing a company under attack should never do, something unexpected is happening at Chipotle, and Gawker Media has filed for bankruptcy.
A bunch of 20-somethings convinced Goldman Sachs' most senior staff to give $200,000 to a nonprofit.
Wall Street's finest are about to take part in an insanely competitive event to crown the 'Best Athlete'.
And lastly, online dating is awful.
Here are the top Wall Street headlines at midday:
Global stocks are selling off It's a risk-off kind of day in markets.
ALBERT EDWARDS: 'CONDITION RED ALERT' - a recession is imminent - Albert Edwards thinks that the US economy is about to hit the rocks.
Whatsapp competitor Line has filed to go public - Japan's most popular messaging app, Line, has filed to go public.
One of Wall Street's most popular strategists asked investors 8 out-of-the-box questions - here's what they said - Deutsche Bank's Jim Reid is one of the most respected macroeconomic strategists on Wall Street.
There are 2,000 empty restaurants during the day in New York - and this startup is trying to do something about it - It's seven hours before DBGB Kitchen and Bar officially opens, but people are already seated in the restaurant's dining area.
Illinois' debt is historically terrible - Illinois' political back and forth is taking its toll.
CNBC's Half Time team are going all in to try and be crowned Wall Street's top athletes - A team from CNBC's Half Time Report are doing everything they can do to be competitive.
7 of Wall Street's top athletes share their intense workout routines - Intense.
14 of the most luxurious homes you can rent in the Hamptons this summer - The Hamptons offer a luxurious escape during New York City's hot summer months.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas