Coronavirus pandemic shifts financial priorities for investors: Ameriprise
COVID-19 is changing the way investors are thinking about their long-term financial priorities, according to a new survey released Wednesday by Ameriprise Financial.
LA Rams' Taylor Rapp fighting anti-Asian hate with NFT launch
Los Angeles Rams safety Taylor Rapp is one of a handful of Asian Americans playing in the NFL and he is looking to help his community which has seen an increase of attacks.
Cathie Woods' Ark Investment launches Space ETF
Cathie Woods' ARK Investment is getting in on the space race, launching a Space ETF Tuesday that will focus on "leading, enabling, or benefitting from technologically enabled products and/or services that occur beyond the surface of the Earth."
Mets star Pete Alonso launches NFT, proceeds will be donated to help minor league players
New York Mets star Pete Alonso is finding a new way to help minor league baseball players who are strapped for cash.
Wells Fargo: No Archegos losses
The $10 billion hedge fund, run by Bill Hwang, was forced to liquidate positions last week, causing extreme swings in a number of stocks, including Discovery and ViacomCBS, according to reports.
Who is Archegos fund manager Bill Hwang?
Losses at Archegos Capital Management have triggered the liquidation of positions approaching $30 billion in value, The Wall Street Journal has reported, and sent the shares of two major investment banks tumbling. Archegos is run by former Tiger Asia manager Bill Hwang. What do we know about Mr. Hwang?
Goldman, Morgan Stanley limit losses with fast sale of Archegos Assets
Goldman Sachs Group Inc. and Morgan Stanley were quick to move large blocks of assets before other large banks that traded with Archegos Capital Management, as the scale of the hedge fund’s losses became apparent, according to people with knowledge of the transactions.
Dow hits record as US banks less exposed to hedge fund's liquidation
The Dow Jones Industrial Average rallied to record highs Monday despite selling pressure in financials and elsewhere after a large hedge fund was forced to unwind billions of dollars in positions.
Credit Suisse warns on “highly significant” loss tied to hedge fund
Archegos Capital Management may be linked to possible losses for global banks.
NY mall faces financial woes from theme-park investments, but vaccine rollout gives hope
In some of the country’s largest shopping malls like Palisades Center in West Nyack, NY, the strategy to add theme-park like attractions to make up for declining foot traffic looks less like a lifeline and more like a burden.
IPO buys for Sofi members coming
SoFi will allow its customers to invest in initial public offerings (IPOs) of companies, an investment opportunity that has traditionally been reserved for large institutional investors, the online lender said on Friday.
How 2 friends made art history buying a $70M digital work
Two friends made history when they invested nearly $70 million in a new form of digital collectible called non-fungible tokens (NTFs).
MLB star Fernando Tatis Jr. plans NFT release next month
San Diego Padres star Fernando Tatis Jr. appears to be getting in on the Non-Fungible Token (NFT) craze.
Biden tax hikes could dampen strong stock market: Investment expert
Mahoney Asset Management CEO Ken Mahoney provides insight into the markets and potential tax hikes.
Robinhood aims to allow users to buy into IPOs: sources
Robinhood Markets Inc is building a platform to “democratize” initial public offerings (IPOs), including its own, that would allow users of its trading app to snap up shares alongside Wall Street funds, according to people familiar with the matter.
Fidelity plans to launch Bitcoin ETF
Fidelity Investments unveiled plans Wednesday to launch an exchange-traded fund that tracks the price of bitcoin, furthering the money manager’s push to bring cryptocurrencies to mainstream finance.
Goldman Sachs CEO hit with cultural revolution, overworked millennials and Chick-fil-A debates
The Chick-a-fil-A drama, others at Goldman tell FOX Business, is part of a broader cultural revolution at the prestigious white shoe investment bank.
Robinhood files confidential IPO plan with SEC
Robinhood lays out confidential plans for an IPO.
Goldman CEO says he’ll try to get exhausted, 100-hour-a-week workers Saturdays off
An elaborate slideshow, which was shared with managers, includes testimonials of working 20-hour shifts that one worker called “inhumane.”
COVID-19 panic stock selling burned investors with shortest bear market ever
The COVID-19 stock anniversary holds valuable lessons on why panic selling can cost you.