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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

Bassi married a doctor, who was also an anatomy lecturer at the university, and they had 8 children. Google Saturday’s Google Doodle honors physicist Laura Bassi, the first woman to earn a doctorate in science. Bassi spent much of her 46-year career exploring the physics of electricity and popularizing Isaac Newton’s ideas about motion and gravity. She also fought for decades to be allowed to teach, research, and publicly present her work on the same terms as her male… 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

by: via Nexstar Media Wire, The Associated Press Posted: Apr 16, 2021 / 09:35 PM CDT / Updated: Apr 16, 2021 / 09:36 PM CDT A person looks at a Google Earth map of Paris, France on a screen as Google Earth unveils the revamped version of the application April 18, 2017 at a event at New York’s Whitney Museum of Art.(Credit: TIMOTHY A. CLARY/AFP via Getty Images) SAN RAMON, Calif. (AP) — The Google Earth app is adding a new video… Source link

Internal Google data obtained by Insider shows the 142 most powerful people within Google Cloud. We built an interactive org chart of the top execs and staff helping cloud boss Thomas Kurian lead the division. Google sees cloud as an increasingly important revenue engine for the company and is investing heavily in its growth. See more stories on Insider’s business page. … 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