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Bloomberg China’s Internet Stocks Face More Pain, Top Global Investors Say (Bloomberg) — After a historic antitrust crackdown on China’s biggest tech companies last week, investors are betting there is more pain ahead.GAM Investments, BNP Paribas Asset Management and JP Morgan Asset Management Inc. see more regulatory tightening in China’s clampdown on monopolistic practices, putting pressure on the country’s leading internet stocks over the next few months. The Hang Seng Tech Index,… Source link

The man who accused Aaron Donald of assaulting him in Pittsburgh last weekend has admitted an error after the emergence of a video appearing to show the Los Angeles Rams star trying to break up the altercation in question. Todd Hollis, the attorney representing DeVincent Spriggs, told Andy Sheehan of Pittsburgh’s KDKA that his client mistook his attacker for Donald and is offering an apology. News of Spriggs’ allegation broke on Wednesday, with Hollis filing a criminal assault complaint with… Source link

Bloomberg Morgan Stanley’s Record Quarter Stained by Archegos Collapse (Bloomberg) — Morgan Stanley surprised investors with a $911 million loss tied to the collapse of Archegos Capital Management, staining what was otherwise a record quarter for revenue and profit.“The current quarter includes a loss of $644 million related to a credit event for a single prime brokerage client, and $267 million of subsequent trading losses through the end of the quarter related to the same event,”… Source link

Jabari Parker is headed to Boston. Parker and the Celtics agreed to a two-year deal on Friday, according to The Athletic’s Shams Charania. To make room for Parker on their roster, the Celtics waived center Mo Wagner. Parker was waived by the Sacramento Kings last month, though he played in just three games with them this season. The Kings marked the fifth team he’s played for in the league, and fourth in the past three seasons. The former No. 2 overall draft pick underwent a second ACL… Source link

The Nasdaq has popped roughly 8% since March 30 to outpace the S&P 500’s run to start the second quarter, as the tech-heavy index inches within touching distance of its records, just over a month after it fell into a correction. The fall from its mid-February highs coincided with a wave of bond selling and had some on Wall Street worried technology stocks were due for a huge downturn. How quickly things change. The Nasdaq has recovered roughly all of its losses, which were perhaps more… Source link

Bloomberg Family Offices Targeting 800% Returns With SPAC Economics (Bloomberg) — The Pritzkers built an empire spanning hotels to manufacturing before agreeing two decades ago to split up their fortune among 11 descendants.Karen Pritzker, one of the heirs, has parlayed that wealth into venture capital, backing firms such as Snap Inc. and Spotify Technology. Now she’s joined the wave of investors turning to blank-check firms.The Pritzker Vlock Family Office is the anchor investor for… Source link

TipRanks 2 “Strong Buy” Stocks Around $10 With Triple-Digit Upside Potential The S&P 500 rose to another record high on Friday, and at least one strategist believes we’re at the start of a new bull market. Writing from LPL Financial, chief market strategist Ryan Detrick noted several market-historical points that indicate sustained gains are in the offing. Key among his points are the first quarter returns and the breadth of the current stock rally. On returns, Detrick highlights that… Source link

Maybe it’s fitting because Tesla CEO Elon Musk has been the biggest cheerleader of Dogecoin (DOGE-USD), but after the cryptocurrency’s more than 6,000% surge so far in 2021, a $1,000 bet on Dogecoin to start the year would now be worth enough to buy a brand new Tesla Model Y. That’s right.  If you placed a $1,000 bet on the popular cryptocurrency, which was founded back in 2013 as a joke to lampoon the boom in the number of altcoins, you’d be sitting on more than $60,000 based on the 35 cents… Source link

Eric Lindquist brings you his MLB DFS picks for Round 4 of the MLB Yahoo Cup Daily Fantasy Baseball including Max Scherzer | 4/16/21 Welcome to the MLB Yahoo Cup Hot Corner! This free-to-enter, single-entry contest consists of 27 rounds where the top 1,075 overall entries and the top 70 entries per round share $10,000, with $1,000 to first and $50 to first per round. Scoring will be cumulative across all rounds, with your seven lowest scores dropped at the end. You may join this multi-round… Source link

He has a job that kids can only dream of: playing video games and making money (lots of money) from it. Lachlan Power, an industrious and charming 25-year-old from Australia, has built an empire creating videos of himself screaming, laughing and narrating as he plays online games. He started with Minecraft, but it’s Fortnite, the Epic Games phenomenon, that catapulted him to global fame. Today, his YouTube channel (GOOG, GOOGL) has nearly 15 million subscribers, with 4.7 billion views and… Source link