Monthly Archives: June 2021

(CNBC) Some of the world’s richest men — Jeff Bezos, Elon Musk, Warren Buffett, Carl Icahn, Michael Bloomberg and George Soros — pay just a tiny fraction of their increasing wealth in taxes, and in some cases pay no taxes […]

(CNBC) Bitcoin’s price slipped again in the past 24-hours amid a brutal sell-off among digital currencies. The reason for the move was unclear, however it may be related to concerns over security of the cryptocurrency after U.S. officials managed to […]

(CNBC) Warren Buffett’s Berkshire Hathaway made a $500 million investment in the parent company of Nubank, a privately held digital bank based in Brazil, the South American company announced Tuesday. To read this article:

(CNBC) Passionate day traders glued to their Reddit message boards have found their new favorite target — Clover Health — pushing the shares up triple digits at one point Tuesday. The Medicare insurance start-up that went public via Chamath Palihapitiya’s […]

(Opalesque) Hedge funds extended performance gains in May for the eighth consecutive month as investor optimism accelerated regarding the US economic reopening and despite signs of building inflationary pressures in the US and Europe. To read this article:

(CNBC) Interactive Brokers founder and Chairman Thomas Peterffy on Monday issued a warning to investors betting against so-called meme stocks like AMC Entertainment. “It is extremely tempting to short these stocks, but unless you have huge liquid resources, please try to […]

(CNBC) Insider selling activity at AMC Entertainment ramped up like never before during the recent explosive rally driven by enthusiastic retail investors. A total of seven insiders at the movie theater chain have sold a portion of their stakes since […]

(CNBC) Inflation may look like a problem that will go away, but is more likely to persist and lead to a crisis in the years ahead, according to a warning from Deutsche Bank economists. To read this article:

(CNBC) Even with headwinds from the Fed and inflation, a booming economy and strong earnings should send the market to a series of new highs this summer. The S&P 500 was lower Monday as the market meanders ahead of next […]

(CNBC) The Federal Reserve is in the early stages of a campaign to ready markets for reducing its $120 billion in monthly asset purchases to stimulate the economy. To read this article:

(Hedgeweek) Hedge funds that trade emerging markets advanced almost 6 per cent in the first four months of the year, with China, India and Middle East specialist managers leading the pack, as gains from regional equities and cryptocurrencies drove profits […]