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Institutional investors no longer view the COVID-19 pandemic as the No. 1 tail risk, according to the latest Bank of America (BofA) survey of global fund managers, an important gauge of sentiment on Wall Street. Since COVID-19 became a global pandemic a year ago, the virus has dominated the rankings as the top tail risk by fund managers. For the first time since February 2020, COVID-19 is no longer in the top spot. These days, investors consider the biggest tail risks to be higher than… Source link

(Bloomberg) — Trading platform EToro, a rival to Robinhood Markets Inc., plans to go public via a merger with a blank-check firm led by serial dealmaker Betsy Cohen. The agreement with FinTech Acquisition Corp. V values the combined company at about $10.4 billion, according to a statement Tuesday confirming a Bloomberg report. The companies are raising about $650 million in equity to support the deal. Investors in the equity transaction included ION Investment Group, Softbank Vision Fund II,… Source link

Bloomberg ARKK Copycat Is Beating Cathie Wood’s Original by 10-Fold (Bloomberg) — A tiny ETF tracking innovative companies is quietly outpacing one of the most famous investments on Wall Street.The Direxion Moonshot Innovators ETF (MOON) has risen 39% this year, compared to ARK Innovation ETF’s 3.5% gain, according to data compiled by Bloomberg.Cathie Wood’s flagship fund, known by its ticker ARKK, became one of the top-performing exchange-traded funds in the past year thanks to big… Source link

A Gold Coast couple have been horrified by a “nightmare” find in the roof of their home. Reid Newell from Snake Catchers Brisbane & Gold Coast told The Courier-Mail he was called to a home in Currumbin last week where he “roughly counted” 57 snake skins in a 7×7 metre space in the roof. He added he’s unsure how many snakes the skins have come from. “It wasn’t just from the one species either, there was carpet python sheds in there, and also common tree snake sheds,” Mr Newell told… Source link

Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, March 16, 2021 No one can be bullish enough right now We’re one week away from lapping the one-year anniversary of the market’s pandemic low. And Wall Street is still struggling to keep up with the pace of both the recovery in markets and the real economy. As happens over the weekends and into Monday morning, The Morning Brief’s inbox is flooded with weekly updates from economists,… Source link

The Federal Reserve is running into a unique challenge as it kicks off its second policy-setting meeting of the year: maintaining easy monetary policy through what could be the fastest economic recovery in history. “There’s a lot left to do,” said Fed Chairman Jerome Powell at a Wall Street Journal event on March 4. “We have a lot of ground left to cover and good reason for optimism.” The Federal Open Market Committee (FOMC) is expected to release its quarterly economic forecasts on… Source link

Tuesday brings a seven-game slate in the NBA, including an exciting matchup between the Jazz and Celtics. We also have another opportunity to win some cash on Yahoo, so here are some players to consider for your entries, as well as a few to potentially avoid. GUARDS Shai Gilgeous-Alexander, OKC at CHI ($37): Gilgeous-Alexander enters this contest having scored at least 30 points in each of his last three games. He’s not only having an excellent season in the scoring column, but he’s also… Source link

The Daily Beast Republicans Pray for a Border Crisis to Bring Biden Down Guillermo Arias/GettyRepublicans are crazy about immigration. No, really. The issue makes them loco. Just listen to the things they’re saying. Many of them have lost touch with reality.Or maybe Republicans are crazy like a fox. The GOP seems to have once again pinned all of its hopes for retaking power—in this case, by winning back control of the Senate in the 2022 midterm elections and possibly regaining seats in the… Source link

Even by the Buffalo Sabres unexacting standards, the 2021 campaign has been a resounding disappointment, as fans and local media are growing irate over another lost year. Buffalo signed Taylor Hall to a one-year, $8 million contract and acquired center Eric Staal in a trade, with the hopes of bolstering an anemic offense, and simply, it hasn’t worked at all. Buffalo News columnist Mike Harrington ripped into the Sabres, not by traditional reporting, or through an op-ed, but through the usually… Source link

Australian health authorities insist the AstraZeneca coronavirus vaccine is safe despite a host of European nations halting its rollout over fears it can cause serious side-effects. Germany, France and Italy are the latest nations to halt their rollouts after reports of isolated cases of bleeding, blood clots and a low platelet count in recipients. Denmark, Norway, Iceland, Bulgaria, Ireland and the Netherlands have also suspended the vaccine until further notice. Australia has acquired more… Source link