Scott Wapner News

29.05 / 16:29

Tesla Trade reports Courts International Jim Chanos calls suit accusing him of embezzling funds 'baseless and defamatory'

Famed short seller Jim Chanos called a lawsuit accusing him of embezzling funds for personal use, «false, baseless and defamatory.» Chanos gave the statement to CNBC's Scott Wapner in response to allegations made by a former investor in Chanos & Co. Conlon Holdings, a Chicago-based firm run by Sean Conlon, filed the suit in New York State court over the weekend, alleging that Chanos used his firm as a «piggy bank» with $10 million of outstanding loans that he borrowed from his company over more than a decade. The suit was originally reported by Bloomberg News.

28.09 / 22:37

Citi Target Extreme CEO shootings shock Bill Ackman believes the 10-year Treasury yield could approach 5% soon

Billionaire hedge fund manager Bill Ackman believes long-term Treasury yields can shoot even higher in the short run on the back of stubborn inflation.

09.05 / 01:15

NASDAQ DOW fall week Stock futures fall as Wall Street looks to stabilize after rollercoaster week

Stock futures fell on Sunday evening as traders looked for the market to find its footing after a dramatic week of trading.

29.03 / 22:41

COST Booking CEO Strategy Bill Ackman is done with activist short-selling, will focus on quieter, long-term approach

Investor Bill Ackman said Tuesday that he will no longer take part in vocal activist short selling campaigns, a practice he engaged in that led to one of the most colorful battles in Wall Street history.

23.03 / 00:05

UPS CEO Action Enterprise Carl Icahn says there 'very well could be a recession or even worse'

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