Why Hedge Funds Are Pouring More Funds Into Private Companies
Hedge funds are putting in more money in private companies as profits grow rapidly and more firms are going public, the WSJ reported. Schulte Roth & Zabel LLP Partner Jason...
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Ban On American Investments In Chinese Military-Linked Firms Pushed Back For Two Weeks
The United States has pushed back the ban on trading of stocks supposedly tied to the Chinese military, CNBC reported. The Treasury said the ban was postponed for two weeks...
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Fidelity Investments To Draw In U.S. Youth Investors With Zero Fees
Brokerage firm Fidelity Investments Inc. will allow American teens to trade stocks without account fees or commissions as part of a new service, the WSJ reported. The new service will...
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Economic Recovery Hopes Drive Banks Stocks Higher
Bank stocks are poised to hit a record year compared with the S&P 500 as investors are betting on the economic recovery to drive prices higher, the WSJ reported. The...
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‘Big Short’ Investor Michael Burry Bets Bearish Against Tesla
Burry's Scion Asset Management ended March with bearish puts against 800,100 Tesla shares, Bloomberg reported. Valued at $534 million, the puts give Scion the right to sell the carmaker shares...
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The Drivers And Downers Of Crypto And Where The Space May Be Headed
Cryptocurrencies have recently soared to record highs but the road ahead may prove to be challenging, the WSJ reported. Industry watchers say cryptocurrencies need to pick up steam as payment...
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JD Logistics Goes For One Of Hong Kong’s Biggest IPOs This Year
The logistics unit of JD.com Inc. seeks to generate as much as $3.4 billion from what could be among Hong Kong's biggest initial public offerings (IPOs) this year, Reuters reported....
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DoorDash Stock Ticks Higher on Upgraded Outlook Despite Wider-than-Expected Loss
DoorDash gained more than 6% on Thursday after a loss per share of $0.34, more than expected loss per share of $0.26, according to the company’s press release. The share...
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JPMorgan Links Slow Population Growth to Low Interest Rates
JPMorgan expects a slowing growth in global population to lead to low interest rates, according to CNBC. Statistics are pressing down on interest rates as old people save for retirement...
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Microsoft To Retire Azure Blockchain In September. Quorum Recommended As Alternative
American tech firm Microsoft Corp. has urged users to migrate their data to an alternative service as its Azure Blockchain will retire on September 10, the company announced in a...
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Xpeng Posts Triple-Digit Sales Growth As Deliveries Hit Record High
Chinese smart electric vehicle maker Xpeng Inc. saw revenues climb by 616.1% in the first three months after posting record deliveries during the period, according to press release. Total revenues...
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Why Stocks May Be Poised For Massive Gains
The big variations seen recently in two indexes is a positive development which could push stocks into a bull market, Markets Insider reported. The Cboe Volatility Index (VIX) surged by...
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