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(Bloomberg) — Wall Street banks grappling with the implosion of Bill Hwang’s investment firm spent Monday briefing U.S. regulators as Washington starts to dig into one of the biggest fund blowups in years. The Securities and Exchange Commission summoned the banks for hasty meetings on what triggered the forced sale of more than $20 billion of stocks linked to Hwang’s Archegos Capital Management, said people with knowledge of the matter who asked not to be named in discussing private… Source link

(Reuters) – Players at the Miami Open on Monday expressed little love for COVID-19 vaccines, with many saying they want more information before getting a shot. Seventh seeded Aryna Sabalenka expressed more concern over the vaccine than her quarterfinal opponent number one Ash Barty while fifth seed Elina Svitolina said she was inclined to take the advice of friends and wait. “So far I don’t really trust it,” Sabalenka told reporters following her fourth round 6-1 6-2 mugging of Marketa… Source link

Oklahoma State’s Cade Cunningham has been the favored No. 1 NBA draft pick for the majority of the college season. Right behind him is USC center Evan Mobley and Gonzaga point guard Jalen Suggs. Cunningham had an early exit in the tournament after Oklahoma State lost to Oregon State in the second round but both Mobley and Suggs are still dancing, leading their teams to the Elite Eight. All 30 NBA teams have been filtering in and out of Indianapolis to see the top three prospects play in… Source link

When it comes to legal matters — civil, criminal, or in Deshaun Watson’s case, even in the workplace version of NFL justice — the best narrative often wins. Lawyers can wrangle over the law all they want, but the best of them know that juries (including the one-man decisions of Roger Goodell) tend to side with the best, and most plausible, story out there. This isn’t a secret to Rusty Hardin, who is defending Watson in what is now 19 civil lawsuits from massage therapists who allege… Source link

Editor’s note: This story contains an explicit account of alleged sexual misconduct. Houston attorney Tony Buzbee filed three new civil cases against Houston Texans quarterback Deshaun Watson late Sunday night, bringing the total litigation filed to 19 suits, each alleging some type of sexual assault or sexual misconduct during massage sessions. While the latest suits resemble the pattern of previous filings — each accusing Watson of sexualizing his massage sessions — Buzbee included a… Source link

In the wake of last summer’s social justice protests, which consumed sports for much of the second half of 2020, nearly half of all Americans changed their sports viewing habits, according to a new YouGov / Yahoo News poll. As athletes and leagues embraced a new, progressive strategy aimed at amplifying messages of social justice and political advocacy, some Americans began watching more sports, but about three times as many watched less. Of those who watch sports on TV, about 11 percent… Source link

March Madness is in full swing, while the NHL and NBA regular-season games this month take on greater significance in a condensed season. With so much going on, sports fans should be forgiven if they struggled to keep up with the minutiae of Spring Training. But fear not, because I have summarized the biggest stories you need to know before your draft takes place. First off, Spring Training stats mostly don’t matter. The sample sizes are too small to be significant, and the varying level of… Source link

Verizon Media has announced two new creations to further enhance the sports fan experience and bring fans closer to their passions: Draft Together, a new video chat feature, and Yahoo Fantasy Plus, anew subscription product. The launch of the two new offerings advances Yahoo’s mission to shape the future of sports and fandom on mobile by offering compelling content, products… Source link

Bloomberg One of World’s Greatest Hidden Fortunes Is Wiped Out in Days (Bloomberg) — From his perch high above Midtown Manhattan, just across from Carnegie Hall, Bill Hwang was quietly building one of the world’s greatest fortunes.Even on Wall Street, few ever noticed him — until suddenly, everyone did.Hwang and his private investment firm, Archegos Capital Management, are now at the center of one of the biggest margin calls of all time — a multibillion-dollar fiasco involving secretive… Source link

Bitcoin might become for India’s millennials what gold is for their parents, no matter what the government says.  India, the fifth-largest nation by nominal GDP, often makes headlines for its attempts to outlaw crypto, real or rumored. But the government’s less-than-friendly attitude toward crypto has not curbed Indians’ curiosity about it. Nor do rumors scare away the giants of the crypto world. Just last week, Coinbase announced it is planning to establish its presence in India…. Source link