But analysts poring over the results said they represented a sea change after the boom era that followed Covid lockdowns. Scott Mushkin of R5 Capital said after Target's earnings that he now sees the environment for retailers as uninvestable, at least in the short-term. The controversial hedge fund Melvin Capital is shutting downWhen an army of day traders coordinating on Reddit set their sights on GameStop shares early last year, many hoped to punish a single man: Gabe Plotkin of Melvin Capital. Melvin Capital had $12.5 billion in assets at the start of 2021, and was seen as one of the most successful hedge funds on Wall Street. Big picture: The shuttering of Melvin Capital is a stunning fall from grace.

Source: CNN May 19, 2022 17:48 UTC