Hedge Fund and Insider Trading News: Louis Bacon, Ray Dalio, Bill Ackman, Steve Cohen, Warren Buffett, Scott Bessent, Element Capital Management, Arnott Capital, Saba Capital Management, Medline Inc (MDLN), Nike Inc (NKE), and More

Billionaire Louis Bacon Wins Defamation Lawsuit Against Convicted Sex Offender Peter Nygard (New York Post)

I Predict Gold Will Cross $5,000 Per Ounce In 2026. Here’s How Much You Should Buy, According To Hedge Fund Legend Ray Dalio (The Motley Fool)

Bill Ackman Wants To Take SpaceX Public… And Reward Tesla (TSLA) Shareholders (TipRanks)

Mets Fans Are Starting To Turn Their Anger Toward Steve Cohen — There Is Still Time To Change That (New York Post)

Warren Buffett Is Resigning As CEO But Remaining Chairman. He Once Said Retiring Would Be ‘Unthinkable’ And Worse Than Death. (Business Insider)

Pixabay/Public Domain

Trump’s Fed Chair Pick Puts Bessent In The Crosshairs (Barron’s)

Element Wins Non-Compete Fight With Squarepoint-Bound Trader (Bloomberg)

Hedge Fund Arnott Capital Ramps Up Bets Against Shipping Stocks (Financial Review)

EWIT Chair Warns Against Handing Control To US Hedge Fund (Scottish Financial News)

Tuesday 12/23 Insider Buying Report: MDLN, AZO (Nasdaq.com)

Tim Cook Just Purchased $3 Million Worth Of Nike Shares Along With Another Company Director: Is The Stock Finally Set To ‘Win Now?’ (Benzinga)

You may be concerned about the recent declines in AI stocks such as NVDA. However, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NVDA but trades at less than five times its earnings, check out our report about the cheapest AI stock. This stock has generated positive returns so far in 2025 despite the huge losses experienced by other AI stocks.