Tag Archives: Finance

Yahoo Finance Australia and Thrive Global have announced a partnership to improve mental health and financial wellbeing. Yahoo Finance Australia today announced it will become the exclusive media partner to behavioural change platform Thrive Global APAC. The two platforms will work together on a number of events and editorial initiatives throughout 2021 to promote mental and financial health amongst their audiences. Kicking off the partnership is Yahoo Finance Breakfast Club’s ‘Women’s… Source link

Market Coverage: Friday March 5th Yahoo Finance – Yahoo Finance Source link

Bloomberg Melvin Capital Dusts Off From GameStop Fiasco With 22% Gain (Bloomberg) — Gabe Plotkin spent the first half of January defending his hedge fund’s portfolio from a Reddit mob, the second half trying to convince investors he can survive a 53% loss, and early February explaining to Congress what happened.Now with the public spectacle subsiding, the most concrete sign is emerging yet that his Melvin Capital Management might actually manage to thrive anew. After adjusting strategy,… Source link

Patrick Harker, president of the Federal Reserve Bank of Philadelphia, spoke with Yahoo Finance to discuss challenges to the labor market and where Fed policy is headed next. Below is a transcript of his appearance on March 3, 2021. – BRIAN CHEUNG: Well thank you so much for joining us this afternoon, President Harker. I just want to start off the conversation with broadly speaking, how is the vaccine rollout going in your district? And what do you have as an updated economic outlook as we… Source link

Bloomberg Fed Dials Up Pressure on Wall Street to Ditch Discredited Libor (Bloomberg) — The Federal Reserve is intensifying its scrutiny of banks’ efforts to shed their reliance on the London interbank offered rate, and has begun compiling more detailed evidence on their progress, according to multiple people with knowledge of the matter.Banks are being asked for specifics on their Libor exposure, their plans for amending contracts tied to the benchmark, and the fallback provisions being… Source link

Bloomberg Intel Told to Pay $2.18 Billion After Losing Patent Trial (Bloomberg) — Intel Corp. was told to pay VLSI Technology LLC $2.18 billion by a federal jury in Texas after losing a patent-infringement trial over technology related to chip-making, one of the largest patent-damages award in U.S. history. Intel pledged to appeal.Intel infringed two patents owned by closely held VLSI, the jury in Waco, Texas, said Tuesday. The jury found $1.5 billion for infringement of one patent and $675… Source link

Bloomberg Hertz to Sell to Knighthead, Certares to Exit Bankruptcy (Bloomberg) — Hertz Global Holdings Inc. received a bid from Knighthead Capital Management and Certares Management to purchase the rental-car company out of bankruptcy for as much as $4.2 billion, according to court documents.Under the plan, Knighthead and Certares would take control of Hertz when it emerges from its Chapter 11 reorganization, with the final value of the deal dependent on how much existing lenders participate… Source link

TipRanks Goldman Sachs Predicts Over 50% Rally for These 2 Stocks Stocks started this year with heft gains, edged back last week, and now are rising again. The big tech giants led the moves, with volatility in Apple and Amazon leading the NASDAQ on its gyrations. The strategy team at investment bank Goldman Sachs have taken notice of the market shakeups, and are working out what it means for investors. According to macro strategist Gurpreet Gill, watching bond yields and stock values closely,… Source link

TipRanks Billionaire Steven Cohen Picks Up These 3 “Strong Buy” Stocks Last week, the NASDAQ slipped below 13,200, making the net loss from its all-time peak, reached earlier this month, 6.4%. If this trend keeps up, the index will slip into correction territory, a loss of 10% from its peak. So what exactly is going on? At bottom, it’s mixed signals. The COVID-19 pandemic is starting to fade and the economy is starting to reopen – strong positives that should boost markets. But an… Source link

Bloomberg Private Equity Has $300 Billion for Pandemic-Hit Real Estate (Bloomberg) — Real-estate bosses at Blackstone Group Inc. quietly smiled when Britain’s biggest-selling tabloid unwittingly endorsed their largest European real estate deal since the pandemic.The Sun’s front page teased readers that foreign travel curbs meant they’d be splashing their cash at the much-maligned seaside town of Bognor Regis this year. Less than two weeks earlier, it had emerged Blackstone was in talks… Source link