GameStop (GME)said Thursday that it planned to nominate Cohen, whose investment firm RC Ventures owns a nearly 13% stake in the company, to be its…
View More The guy who started the GameStop mania will soon be chairman of the board
Tag: investing
Tencent’s main shareholder Prosus nets $15 billion from record stock sale
Prosus (PROSY), a spin-off by South African media and internet investment firm Naspers (NAPRF), sold a 2% stake in Tencent (TCEHY) for 114.2 billion Hong…
View More Tencent’s main shareholder Prosus nets $15 billion from record stock sale
The US recovery is speeding up but the global economy isn’t out of danger
“While the outlook has improved overall, prospects are diverging dangerously not only within nations but also across countries and regions. In fact, what we see…
View More The US recovery is speeding up but the global economy isn’t out of danger
High fees and pricey cowboy boots: Why crypto spending isn’t about to go mainstream
We’d spent lots of time discussing the various signs of market mania that had cropped up in the past year — including the rush into…
View More High fees and pricey cowboy boots: Why crypto spending isn’t about to go mainstream
OPEC and allies to boost production after US calls Saudi Arabia
The OPEC+ alliance of crude producers has been holding back roughly 8 million barrels per day from global markets. That includes an extra production cut…
View More OPEC and allies to boost production after US calls Saudi Arabia
Why Archegos was allowed to operate in the shadows
It’s also a wake-up call to regulators about hidden risks within the financial system. “It is a dereliction of duty for regulators at the Securities…
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A little-known hedge fund caused widespread chaos on Wall Street
ViacomCBS (VIACA), Discovery (DISCA) and other media titans’ stocks crashed Friday as Wall Street banks that lent to Archegos forced the firm to unwind its…
View More A little-known hedge fund caused widespread chaos on Wall Street
Hedge fund failure slams Credit Suisse, Nomura and other banks
Nomura and Credit Suisse said Monday that earnings might take “significant” hits after a client of their broking services defaulted on margin calls last week,…
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Airbnb and Vrbo are overloaded with reservations
“Vacation, all I ever wanted. Vacation, had to get away.” People are hitting the roads and airports for Spring Break trips this coming week and…
View More Airbnb and Vrbo are overloaded with reservations
Chinese markets slump as tit-for-tat sanctions raise tension with US and Europe
Hong Kong’s benchmark Hang Seng Index (HSI) was Asia’s worst performer, closing down 1.3%, after recovering slightly from a tumble of more than 3% earlier…
View More Chinese markets slump as tit-for-tat sanctions raise tension with US and Europe