Growth hedge funds suffer worst rout in years
Stock markets’ selloff in January dealt double-digit losses to a range of hedge funds investing in technology and other fast-growing companies, sparking questions about whether a popular and lucrative strategy for these firms is running out of steam.
AT&T sets WarnerMedia spinoff plan and lowers its dividend
AT&T Inc. said it would roughly halve its dividend payout and divest itself of its WarnerMedia division through a spinoff that would give shareholders 0.24 share for each AT&T share they own, a move that would complete its retreat from the entertainment business.
GameStop, AMC meme revolution: one year since retail investors took stocks on wild ride
A year ago in January, the U.S. stock market got a jolt and an in-your-face introduction to a fresh crop of meme stocks as the retail trading community and Reddit traders waged war against short-sellers and hedge funds.
Buffett's Berkshire Hathaway will host annual meeting in person
Warren Buffett's Berkshire Hathaway is out with an important announcement.
Goldman, JPMorgan award bumper bonuses to top bankers
Goldman Sachs and JPMorgan Chase, Wall Street's premier investment banks, this week informed staff of bumper bonuses for 2021, following a record-breaking year for Wall Street dealmaking.
Should I do a cash-out refinance to fund my investments?
You can withdraw equity from your home for virtually any purpose, including to invest. But is it a good idea to risk your home for investments?
Bitcoin trades below $42,000 Wednesday morning
Bitcoin was trading below $42,000 early on Wednesday morning. This follows a day in which most cryptocurrencies traded lower as bond yields rose, which also impacted equities.
Goldman Sachs' profit declines by 13% in fourth quarter
Goldman Sachs Group's profit fell in the fourth quarter, even as the deals market stayed strong.
Walmart plans to offer cryptocurrency, NFTs, filing reveals
Walmart has revealed plans to offer cryptocurrencies and non-fungible tokens, or NFTs, in a new filing with the U.S. Patent and Trademark Office.
Top hedge funds earn record $65.4B for clients in 2021 - LCH data
The world's 20 best-performing hedge funds earned $65.4 billion for clients in 2021, setting a new record as stock markets marched higher despite rising prices and coronavirus cases, LCH Investments data show.
Billionaire Daniel Och doubles profit selling NYC penthouse for $190M
Billionaire investor and Och-Ziff Capital Management founder Daniel Och has reportedly sold his pied-à-terre at 220 Central Park South for big bucks.
Bitcoin price slides snapping two days of gains
Bitcoin's price remained lower Friday morning after Thursday's slide snapped two days of gains.
Bitcoin miner reveals how to mine cryptocurrency from your Tesla
Tesla owner and Bitcoin miner Siraj Raval joins 'Varney & Co.' to break down how he's been mining cryptocurrency from his car.
Competing bills by Sens. Hawley and Ossoff banning lawmaker stock trading introduced
Two separate bills that would ban stock trading for members of Congress were introduced in the Senate on Wednesday.
Turks pile into Bitcoin and Tether to escape plunging lira
The Turkish lira has become so volatile that Turks have ditched the local currency for assets with an even riskier reputation: cryptocurrencies.
Bitcoin pares price gains after hitting $43,000
Bitcoin pulled back early Wednesday after getting as high as $43,106 on Tuesday.
Dave Ramsey: How to become a millionaire
Personal finance expert Dave Ramsey provided tips on how to become a millionaire, stressing that “the number one most powerful wealth-building tool that the typical person has is their income.”
Goldman expects the Fed to hike interest rates 4 times this year as inflation risks grow
The Federal Reserve will likely raise interest rates four times this year and will begin reducing its balance sheet by July as it confronts an inflation surge that has been higher and longer-lasting than policymakers initially predicted, according to Goldman Sachs analysts.
Dave Ramsey on financial wellness in the New Year: 'Get rich quick never works'
Ramsey, the best-selling author of the new book 'Baby Steps Millionaires,' emphasized during an appearance on 'Fox and Friends' that the best way to build wealth is to 'get rich slow.'
As Bitcoin bounces, investors debate cryptocurrencies
The price of Bitcoin has appeared to stabilize after briefly dropping to its lowest level since September 2021.