Monthly Archives: September 2020
Dow jumps more than 300 points, Nasdaq rebounds nearly 2% from worst week since March
(CNBC) Stocks rose on Monday as a slew of corporate dealmaking activity and optimism toward a coronavirus vaccine sparked a broad market rally. The Dow Jones Industrial Average gained 327.69 points, or 1.2%, to 27,993.33. The S&P 500 climbed 1.3%, […]
Goldman Sachs is taking what it learned from a $100 million acquisition to upgrade the Marcus app
(CNBC) Goldman Sachs is one step closer to creating what it calls the digital bank of the future. The bank has just released the first version of a personal finance management tool that gives customers of its Marcus retail brand […]
GM conducted ‘appropriate diligence’ on $2 billion Nikola deal, CEO Mary Barra says
(CNBC) General Motors conducted “appropriate diligence” regarding a $2 billion deal with electric vehicle start-up Nikola, GM CEO Mary Barra said Monday. Barra’s comments are a response to increased scrutiny of Nikola following fraud claims made last week by short-selling […]
Victims of New York Ponzi Scheme Recover Over $1 Billion
(HedgeCo.Net) The Commodity Futures Trading Commission has announced that, pursuant an order entered on Monday, August 24, 2020 by the U.S. District Court for the Southern District of New York, the court-appointed receiver has completed a final distribution to victims […]
Billionaire Michael Hintze’s CQS Hedge Fund Is Down 42.5%
(Bloomberg) Billionaire Michael Hintze’s hedge fund is down 42.5% this year, with recent gains failing to make up for a slump during the market turmoil in March. To read this article:
Dow futures jump 300 points as Wall Street tries to recover after tech struggles
(CNBC) U.S. stock futures rose on Sunday night after a sell-off in tech shares led to the market’s first back-to-back weekly declines in months. Dow Jones Industrial Average futures traded 290 points higher. The S&P 500 and Nasdaq 100 futures […]
Nvidia to buy Arm Holdings from SoftBank for $40 billion
(CNBC) Chipmaker Nvidia has agreed to buy Arm Holdings, a designer of chips for mobile phones, from SoftBank in a deal worth $40 billion, the companies announced Sunday. The deal will include $21.5 billion in Nvidia stock and $12 billion in […]
Wall Street has wanted an Apple bundle for years — soon it might get one
(CNBC) For Apple investors, the most exciting product the company could release this fall isn’t a new version of the iPhone or Apple Watch: It’s a bundle that tie some of the company’s subscription services together and give users with […]
Investors will look to the Fed to soothe the market this week, but that may be a tall order
(CNBC) Markets are looking to the Federal Reserve to be a soothing force when it meets this week, but stocks could remain choppy if the central bank disappoints and as investors focus on the election and the economic recovery. The […]
Bridgewater executive denies report claiming gender discrimination in pay
(Reuters) Bridgewater Associates’ director of investment research, Karen Karniol-Tambour, on Thursday denied a report that she had claimed gender discrimination in conversations about her pay with the hedge fund’s management including founder Ray Dalio and Chief Executive Officer David McCormick, […]
Goldman Sachs is taking what it learned from a $100 million acquisition to upgrade the Marcus app
(CNBC) Goldman Sachs is one step closer to creating what it calls the digital bank of the future. The bank has just released the first version of a personal finance management tool that gives customers of its Marcus retail brand […]
New Jersey-Based Investment Adviser and Its President Charged with Defrauding Clients
(HedgeCo.Net) The Securities and Exchange Commission has charged Maplewood, New Jersey-based RRBB Asset Management, LLC and its president, co-owner and managing member, Carl S. Schwartz, with operating a cherry-picking scheme that defrauded RRBB’s clients. According to the SEC’s complaint, Schwartz […]