Monthly Archives: June 2021

(CNBC) Legendary investor Warren Buffett said the economic consequences of the pandemic are falling disproportionately on small businesses and the unpredictability of Covid-19 is far from over. “The economic impact has been this extremely uneven thing where… many hundreds of […]

(CNBC) One of the biggest fears investors have faced this year is the threat that inflation could run amok and thwart the post-pandemic economic recovery. But over the past month, those fears have abated significantly, and a chart diagramming the […]

(CNBC) Stocks are expected to move higher in the second half of the year, propelled by strong earnings gains and super-charged economic growth. The market’s gains, however, are not expected to be as robust as in the first half, when […]

(Opalesque) Investors added an estimated $12.01 billion into hedge funds in May, lifting 2021 net inflow to $39.12 billion. Performance was accretive to asset levels and total estimated industry AUM increased to $3.570 trillion, said eVestment. If the picture in […]

(Opalesque) Virtus Investment Partners, a multi-boutique asset management shop, has agreed to acquire Stone Harbor Investment Partners, a manager of emerging markets debt, multi-asset credit, global corporates, and other strategies with $15.4 billion of assets under management. To read this […]

(CNBC) As the S&P 500 notches record highs despite the backdrop of potential monetary tightening and the new delta Covid-19 variant, veteran investor David Roche says investors should be wary of the bubble bursting. To read this article:

(CNBC) Morgan Stanley, the Wall Street powerhouse, doubled its quarterly dividend and announced a new $12 billion stock repurchase plan. The bank said Monday that its dividend will jump to 70 cents a share starting in the third quarter, and […]

(CNBC) Shares of Facebook jump after a federal court on Monday dismissed the Federal Trade Commission’s antitrust complaint against Facebook, as well as a parallel case brought by 48 state attorneys general, dealing a major setback to the agency’s complaint, […]

(CNBC) The increase in ransomware attacks is closely connected to the advent of cryptocurrency, FireEye CEO Kevin Mandia said Monday.   “There’s a direct correlation,” the cybersecurity firm executive said “When you look at the rise of ransomware, it absolutely […]

(Opalesque) The Securities and Exchange Commission has adjusting the dollar amount thresholds for clients of registered advisers to be “qualified clients” under rule 205-3 of the Investment Advisers Act of 1940, and thus permitted to pay a “performance fee” under […]

(CNBC) Bank of America Corp’s (BAC.N) Merrill Lynch unit will pay nearly $11.7 million to resolve claims that it overcharged customers who invested in unit investment trusts. The payout includes a $3.25 million fine and $8.44 million of restitution, according […]