How does the fund manage to stay long-term? What has Nicolai learned about leadership and organisational culture from hosting the ‘In Good Company’ podcast? What does he think is the most important investment you can make? Moderated by Florin Vasvari, Professor of Accounting and Academic Director of the Institute of Entrepreneurship and Private Capital at London Business School, and with introductory remarks from Dean Sergei Guriev.
Day Trading vs Swing Trading – Which strategy suits you best? In this video, we break down the key differences, pros & cons, and which style fits your personality and goals. Whether you’re looking for fast-paced action or longer-term gains, this guide will help you decide!
CNN’s Fareed Zakaria, host of “Fareed Zakaria GPS,” explains why he thinks President Donald Trump’s push for a “manufacturing comeback” is misguided, and where the path to prosperity lies.
Solid bottle too. Ordered one when I first saw it was black owned![]()
Warriors’ Gary Payton II On How Steph Curry Remains Elite And Why He’s Investing In SUPLMNT
Gary Payton II details why the Warriors are playing better with Jimmy Butler, how Steph Curry remains elite, and his investment in SUPLMNT in this one-on-one interview.www.forbes.com
Autos
South Korea’s Hyundai to announce $20 billion U.S. investment
Published Mon, Mar 24 20258:03 AM EDTUpdated 2 Hours Ago
![]()
Seema Mody@SeemaCNBC
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email
Key Points
- South Korean conglomerate Hyundai will announce a $20 billion investment in U.S. onshoring.
- The investment is expected to be announced Monday at the White House by President Donald Trump, Hyundai Chairman Euisun Chung and Louisiana Gov. Jeff Landry.
- A new steel plant in Louisiana, which is part of the investment, is set to hire roughly 1,500 employees and will produce next-generation steel that will be used by Hyundai’s two U.S. auto plants to manufacture electric vehicles.
![]()
watch now
VIDEO01:55
South Korea’s Hyundai to announce $20 billion U.S. investment
South Korean conglomerate Hyundai will announce a $20 billion investment in U.S. onshoring that includes a $5 billion steel plant in Louisiana, according to people familiar with the plans.
The plant is set to hire roughly 1,500 employees and will produce next-generation steel that will be used by Hyundai’s two U.S. auto plants to manufacture electric vehicles. The investment is expected to be announced Monday at the White House by President Donald Trump, Hyundai Chairman Euisun Chung and Louisiana Gov. Jeff Landry.
Hyundai’s announcement comes as major international conglomerates are racing to dodge tariffs and avoid a trade war ahead of Trump’s April 2 tariff deadline. Taiwan Semiconductor Manufacturing Co. and Japan’s SoftBank are among the major foreign players that have visited the White House in the last two months to announce big U.S. onshoring plans.
Hyundai Motor CEO José Muñoz recently told Axios that the “the best way for [Hyundai] to navigate tariffs is to increase localization.”
The South Korean company is a top seller of electric vehicles in the U.S., competing directly with Tesla. It already has two major automotive plants in the U.S., one in Alabama and the other in Georgia. Hyundai on Monday is also expected to announce the opening of a third automotive plant, also in Georgia.
South Korea is also among the countries with which the U.S. carries a trade deficit. In early March, Trump singled out South Korea for applying high tariffs to U.S. exports, saying the Asian ally’s tariffs were four times higher than those of the United States.
Seoul has disputed that imbalance. As of 2024, South Korea’s effective tariff rate on U.S. imports stood at 0.79% as the two countries have a free trade pact, according to the South Korean government.
In response to request for comment from CNBC on the planned investment announcement, the White House sent a post on social media site X from White House Press Secretary Karoline Leavitt saying, “More investments, more jobs, and more money in the pockets of hardworking Americans – all thanks to President Trump’s economic policies.”
Hyundai declined to comment.
If you do it, go in with the expectation of not getting that $100 backAre you getting any of the action?
I see the buzzards(people that know how options movement work) circling around this move.
Could this be a sneaky buyback move by Musk and his crew? They might be trying to buy the whole company for a fraction of what it would’ve cost to buy back shares before. This maneuver could protect both Musk and the company from market volatility and provide greater freedom to leverage technology in ways not disclosed to the public.If you do it, go in with the expectation of not getting that $100 back
The co-founder of Loom sold his biz for ~$1B, made $50-70M personally, then walked away from an extra $60M
He has “no income right now” and is “looking for internships”...
@vhmth
has a wild post-exit story. we talked about it on Moneywise:
-Turned down $60M in retention bonuses that would've vested over 4 years
-Said "the trees spoke to me" during a redwoods hike when deciding whether to stay. He wasn’t joking.
-He had a post go viral about his identity crisis after selling (1.5m views)
So I asked about his money situation now:
-Monthly spend: $25K (with $12K on NYC rent)
-Net worth allocation: 50% cash, 30% equities, 20% bonds/other
-Most expensive post-exit purchase: iPad
Now he’s studying physics 5-8 hours daily, hanging in Discord groups with 18-year-olds who think he's their peer… looking to intern as a mechanical engineer
(can you imagine the founder of a billion-dollar company being your intern?)
On the pod he explains why he’s betting his future on physical products instead of software and investing…
The full episode is live now. Check it out.
Fund manager who predicted stocks bounce has surprising 8-word reaction to rally
The veteran hedge fund manager correctly predicted the S&P 500's drop and recent rally.
- Todd Campbell
- Mar 26, 2025 9:16 AM EDT
The S&P 500 gained an impressive 24% in 2024, marking back-to-back 20%-plus annual returns, but it's been more of a roller-coaster in 2025.
The benchmark index retreated 10% from recent highs last month, putting it in correction territory and raising red flags among investors accustomed to gains.
Stocks' selloff surprised many investors, but Wall Street hedge fund manager Doug Kass wasn't caught flat-footed.
Kass predicted a stock market reckoning in December and continued to beat the bearish drum on the S&P throughout February.
And that wasn't his only prescient prediction this year. As stocks were mired in a fast and steep selloff in March, he switched gears, saying stocks were oversold and ready to head higher.
Kass's correct forecast is rooted in his having experienced more than his share of good and bad markets firsthand during his 50-year career, including his time as research director for Leon Cooperman's Omega Advisors.
He successfully navigated the inflation battle in the 1970s and early 1980s, the savings and loan crisis in the 1980s and early 1990s, the internet boom and bust, the Great Recession, the Covid drop and 2022's bear market.
In short, Kass knows a lot about stock market cycles, which makes his latest take on the market worth considering.
![]()
Hedge fund manager Doug Kass correctly forecast stocks drop and recent rally in 2025.
The stock market gets rattled by recession worries
Stocks have good reason to have struggled this year.
Recession risks mounted last month following middling economic data showing sticky inflation to a weaker jobs market. Worries about a tariff war following President Donald Trump's decision to impose 25% tariffs on Canada and Mexico and 20% tariffs on China did little to assuage investors' concerns.
![]()
Jamie Dimon sends curt 6-word response to tariff war
Read More
It's certainly welcome news that inflation has retreated to below 3% since peaking above 8% in summer 2022. The dip in inflation enabled the Federal Reserve to take its foot off the economic brake pedal last fall, resulting in a dovish monetary policy that included cuts to the Federal Funds Rate in September, November and December.
However, the relief on rates has proven short-lived. A recent increase in the Consumer Price Index inflation to 2.8% from 2.4% in September has since caused Fed Chairman Jerome Powell to pause additional rate cuts, disappointing businesses and borrowers.
There have also been concerning job data. Layoffs have become more common, and the unemployment rate has inched up to 4.1% from 3.5% as recently as 2023. American employers cut 172,017 jobs in February, the most for the month since 2009.
According to the Job Openings and Labor Turnover Survey released by the Bureau of Labor Statistics, 7.7 million jobs were open in the U.S. in January, about 728,000 less than one year ago.
Stubborn inflation and sluggish growth aren't great recipes for a healthy economy, and as a result, consumer confidence has suffered. The Conference Board's Consumer Confidence measure fell 7.2 points last month to 92.9, marking its lowest reading since January 2021.
Stocks find their footing after tumbling
Given the backdrop, little wonder that stocks tumbled 10% last month. However, stocks don't go up or down in a straight line, and bargain hunters like Kass often materialize following rapid drops that push stocks to oversold levels.
![]()
Major national bank closing dozens of branches (locations revealed)
Read More
Once some of the air was let out of the S&P 500's arguably sky-high valuation, Kass began trading more activity in his hedge fund on the long side.
Near the lows, Kass cited technical market indicators, like the S&P Short Range Oscillator, entering oversold territory and relative strength index readings near bargain-basement lows among the reasons for his bullish shift.
Kass took advantage of the dip, buying the technology-heavy Nasdaq 100 and S&P 500, as well as big tech stocks and major banks, writing on March 7, "I have moved to large Amazon (AMZN) at $193.02."
Clearly, his bullishness paid off, making him a nice profit on those buys.
More fund manager buys and sells:
- Veteran fund manager goes shopping, buys 5 stocks after big drops
- Billionaire Ray Dalio sends hard-nosed message on economy
- Veteran fund manager who predicted S&P 500 drop revamps outlook
![]()
Compare your favorite rentals with Trip Planner
Sponsored By VRBO
Book now
![]()
However, he's become less excited about owning stocks now that they've rallied, prompting him to lock in his gains and start planning for another decline.
"Based on my five scenarios (from very negative to very positive and attaching multiples to that distribution) I expect the S&P index to be down between 5% and 10% for the full year," said Kass in a post on TheStreet Pro. "My thinking remains that the high might have been already made in late January."
Kass says the downside risk this year is between 10% to 15% on the S&P 500, and he adds that throughout the year there will be "plenty of long and short opportunities" for active investors.
Nobody knows what's next for stocks, but Kass is preparing for another swing.
"Gun to my head, we head down shortly," said Kass bluntly.